POSP Coordinator Jobs in Chennai Insurance Company
⚡ Urgent Requirement🏢 Chennai Insurance Industry - Where to Find These Jobs
Chennai is one of India's most important insurance industry cities, home to Star Health and Allied Insurance (India's largest standalone health insurer), regional offices of all major life and general insurers, and a large insurance operations workforce. The city employs over 1.5 lakh insurance professionals across sales, operations, claims, underwriting, and technology.
Anna Salai, T. Nagar, Nungambakkam, and Guindy are the primary insurance employment zones in Chennai. Key private sector employers include Star Health Insurance, HDFC Life, ICICI Prudential Life, SBI Life, Bajaj Allianz Life, Tata AIA, Max Life Insurance, HDFC ERGO, ICICI Lombard, and Bajaj Allianz General Insurance.
📋 Job Description
Jobzi is sourcing qualified candidates for POSP Coordinator positions in Chennai insurance companies. This role is with a leading private sector life insurer, general insurer, or health insurance company in Chennai. You will be part of India's growing insurance industry with strong career growth and competitive compensation.
📌 Key Responsibilities
- Recruit and onboard Point of Sales Persons (POSPs) through partnerships with common service centres, shops, and self-employed individuals
- Train POSPs on approved insurance products, sales process, and IRDAI POSP compliance requirements
- Monitor POSP activity levels, premium generation, and product mix on a weekly basis
- Support POSPs with customer queries, proposal submission, and digital sales tools
- Ensure POSP certificate renewals and compliance with IRDAI POSP regulations
- Achieve monthly POSP-channel premium targets by driving POSP productivity
- Maintain POSP database and submit activity reports to branch management
🎓 Qualifications and Requirements
- Any graduate degree from a recognized university
- 1 - 3 Years of experience in insurance POSP channel or financial product distribution
- Valid IRDAI POSP Certificate or willingness to obtain it during induction
- Basic knowledge of general and health insurance products approved for POSP distribution
- Good communication skills in Tamil for interacting with local POSP partners
- Proficiency in basic MS Office and mobile-based insurance sales apps
- Self-motivated with ability to manage a distributed network of POSPs across Chennai geography
✅ Required Skills
🏆 Certifications Valued
IRDAI Insurance Agent License, POSP Certificate, IRDA Composite License, NISM Series certifications, IC-33 (Life Insurance), IC-38 (General Insurance), IC-57 (Health Insurance), Licentiate / Associate / Fellow of Insurance Institute of India (III)
❓ Frequently Asked Questions
Which areas in Chennai have the most insurance company jobs?
Anna Salai (Mount Road), T. Nagar, Nungambakkam, Thousand Lights, and Guindy are Chennai's primary insurance employment zones. Star Health Insurance's headquarters in Nungambakkam is one of the largest single insurance employers. T. Nagar hosts branch offices of nearly every major insurer.
What is the average insurance company salary in Chennai in 2026?
Insurance salaries in Chennai range from Rs.15,000 for entry-level policy servicing roles to Rs.1,50,000+ for senior managers in underwriting, product, and medical affairs. Sales professionals with good incentive achievement earn Rs.60,000 - Rs.2,00,000 total monthly compensation.
What IRDAI certifications are required for insurance jobs in Chennai?
IRDAI agent license (IC-33 for life, IC-38 for general) is mandatory for field sales and advisory roles. The Insurance Institute of India offers Licentiate, Associate, and Fellowship qualifications valued for underwriting, claims, and senior roles. POSP certificate is required for point-of-sales person roles.
What is POSP in insurance and why is it important in Chennai?
POSP (Point of Sales Person) is a simplified insurance distribution model introduced by IRDAI allowing individuals with minimal training to sell pre-approved simple insurance products. In Chennai, POSPs include shopkeepers, CSC operators, travel agents, and self-employed individuals who sell motor, health, and term insurance products as a supplementary income source.
What is the salary for POSP Coordinator in Chennai insurance companies?
POSP Coordinators with 1-3 years experience earn Rs.18,000 - Rs.48,000 per month in Chennai plus productivity incentives for POSP channel premium generation. Companies like Bajaj Allianz, HDFC ERGO, and Star Health actively build POSP networks through dedicated coordinators in Chennai.
How many products can a POSP sell in Chennai?
IRDAI limits POSPs to pre-approved simple products: motor insurance (TP and OD), standard individual health (Arogya Sanjeevani), standard term life, personal accident, and travel insurance. POSPs cannot sell complex products like ULIP, endowment, or commercial insurance. This simplicity makes onboarding faster.
What is the salary for POSP Coordinator in Chennai 2026?
A POSP Coordinator in Chennai earns between Rs.17,500 and Rs.47,500 per month in June 2026, depending on experience, insurer, and performance.
What experience is required for POSP Coordinator jobs in Chennai?
1 - 3 Years of relevant experience is required for POSP Coordinator roles in Chennai insurance companies. Domain knowledge of insurance products and IRDAI regulations is strongly valued.