Multiple online platforms in the country enable you to earn money by selling financial products online. You can register on such platforms and become a POSP agent to be able to sell insurance products online. GroMo is one such platform that enables you to sell insurance products online. It provides you with the knowledge and certifications required to sell financial products. Incorporated in 2019 by two IIT Delhi alums, GroMo is one of the most trusted fintech platforms online throughout the country. The company aims to provide knowledge about multiple financial products in the country's most rural areas. Anyone can apply and become a certified POSP agent after clearing specific qualification tests with the help of GroMo. After successfully becoming a POSP agent, you can sell insurance products online and earn commissions.
Learn About Insurance
GroMo not only enables you to sell insurance products online and earn commissions but also helps you gain knowledge about insurance products. You can attend multiple webinars and live video lessons to learn about insurance products. Just download the GroMo mobile application from the Google play store and begin your journey to become a POSP agent. Insurance, in general, refers to the agreement by which a company or state undertakes to provide a guarantee of compensating the losses incurred due to unforeseen activities.
In India, there is a lack of knowledge regarding insurance products which is the primary reason for its less demand. However, the scenario changed after the COVID-19 pandemic, and there has been a massive demand for insurance since then. GroMo enables you to sell three insurance products: life, health and motor insurance.
These three types of insurance are necessary to protect the policyholder from unforeseen activities. Motor insurance tends to cover your accidental damage expenses. If you land up in any accident, the insurance company will bear all the damages incurred for the vehicle. Similarly, if you have purchased health insurance, it is liable to cover all your medical bills in case of medical emergencies. Likewise, the insurance company will pay a sum of money to your family or any other nominee in case a life insurance policyholder dies. You can learn about these three types of insurance products using the GroMo mobile application.
Process Of Selling Insurance Products Using GroMo Mobile Application
You can download the GroMo mobile application and refer multiple financial products to people and earn money through commission. However, according to government guidelines, you must become a POSP agent to sell insurance products. It adds a few more steps to earn from the insurance category. The process to purchase insurance products through the GroMo mobile application is as follows:
- First, you must provide all the required documents and apply to become a POSP agent.
- After clearing the lecture time and tests, you can successfully become a POSP agent. After which, you can refer insurance products to multiple people and earn commissions on every successful sale.
- Initiate the process by filling in the applicant's details over the GroMo application and submitting them.
- Once done, a GroMo executive will call you to confirm the details and ask for critical information over that call.
- After verifying all the information, the GroMo partner can further process the insurance procedure.
- Moving on with the process, you can share your important documents via chat support or WhatsApp.
- GroMo will then provide you with a list of insurance policies you can choose from and buy the insurance product.
- Once the procedure is finalised, there will be a payment link that the customer can use and pay to purchase the insurance policy.
- After making the payment, the respective insurance policy will be issued in due time.
- The GroMo partner can check the lead status in the GroMo mobile application. The commission will also be credited into the bank account of the GroMo partner after the payout cycle.
Besides referring the insurance policy and earning commission, GroMo partners can also earn on policy renewals. If the policyholder renews the insurance policy, then the GroMo partner is liable to receive a commission automatically for that renewal.
Considering the procedure to become a POSP agent and sell insurance products using the GroMo mobile application, it is safe to say that you also can become a GroMo partner and earn online by selling insurance products. Start your journey today by downloading the GroMo mobile application and earn commissions on every successful sale. You can work from the comfort of your home and start your own online business without investing anything into the platform. Moreover, you can work without worrying about any deadlines or fixed targets. Along with that, GroMo offers the highest commissions throughout the market compared to other mobile application platforms. It also lets you keep track of your earnings using the built-in wallet feature. So, if you think you can earn by selling insurance products online, DOWNLOAD the GroMo Mobile Application TODAY and start your journey.