The Insurance Regulatory and Development Authority of India (IRDAI) has eased norms for Point of Sales (PoS) persons’ recruitment for non-life and health insurers.

With effect from April 1, 2017, the insurers/ intermediaries will be allowed to appoint PoS persons with the mandatory training and passing of NIELIT examination, which is already being allowed in the case of life insurance.

"Given that the products allowed under the non-life and health insurance are largely pre-underwritten based on the information provided by the prospect and the insurance policy is automatically generated by the system, it would be in order to bring parity with the approach followed in case of life insurance,’’ IRDAI said in a circular.

The insurers, however, should ensure that the applicant for PoS position is not engaged with any other insurer or insurance intermediary by cross-checking with the database of the Insurance Information Bureau.

They should also conduct in-house training of 15 hours for the candidate, which should be followed by an examination.

The successful candidates should be engaged as P0S persons by entering into written agreements, specifying the terms and conditions, the circular added.