IRDAI advises all insurers and insurance intermediaries to upload the existing database of their POS in the portal

IRDAI advises all insurers and insurance intermediaries to upload the existing database of their POS in the portal

April 21, 2017 Insurance 0

This is further to the trail update.

The Insurance Regulatory and Development Authority of India (“IRDAI”) has issued a Circular on Point of Salesperson (“POS”) Database on 13th April, 2017.

This Circular has been issued pursuant to the amendments issued by IRDAI on the POS Guidelines on 16th March, 2017, wherein an insurer or insurance intermediary proposing to engage the POS person has to ensure that the applicant is not engaged as POS with any other insurer or insurance intermediary by cross checking with the database housed in Insurance Information Bureau (“IIB”).

In that context, IRDAI has advised all insurers and insurance intermediaries to upload the existing database of their POS in the portal, start using the functionalities of the POS portal and upload the details of new POS enrolled by them as stipulated in the guidelines from 15th April, 2017.

The web link for the POS system in https://pos.iib.gov.in

The data formats for the web upload, user guide and the technical configuration details are available on the https://pos.iib.gov.inand the same can be downloaded from there.

For further details, please refer to the document attached with this mail.

Source: IRDAI

 

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