National Skill Development Corporation International (NSDCI), subsidiary of the National Skill Development Corporation (NSDC) and Acuvisor Insurance Brokers (India) have announced their collaboration to skill India’s youth by training them to become Point of Sale Persons (POSP) through Acuvisor’s mobile application.
The Acuvisor mobile application aims to create well-trained PoSPs, who will be allowed to sell only specifically designed insurance products. Introduced in 2016 by IRDAI, PoSPs are like insurance agents, who require minimum education of Class-X and 15 hours of training. As prescribed by IRDAI, the application has a mandatory training course of 15 hours that is divided into multiple modules. The application will also help the candidates attain sales and marketing skills, will help them identify potential clients to sell insurance products of 34 insurance companies.
NSDCI will leverage the application to train, certify, and effectively employ India’s youth in Tier-II and Tier-III cities, as well as rural geographies. This partnership aims to provide India’s youth with an Insurance Regulatory and Development Authority of India (IRDAI) recognised certification, enabling them to access livelihood opportunities while increasing insurance penetration across India’s most uninsured markets. Besides, the partnership will also extend the trained individuals an opportunity to start their own ventures and embark on an entrepreneurial journey in the insurance sector.
Commenting on the collaboration, Vasant Pandit, Mentor, Acuvisor said, “The specially designed Acuvisor app will help youngsters (at least Class X pass) to undergo a 15 hour ‘in-house’ training course by insurance companies and insurance brokers that would certify them to sell tailored range of life insurances, health, and general insurance products. The insurance industry hasn’t been able to take advantage of the PoSP that was introduced in 2016. Our strategic partnership with NSDCI will allow us to train youth in the age groups 18-25 who have the potential to reach out to middle class families and tap an explored market in Tier 1, 2, 3 cities as well as rural areas. Acuvisor is also in talks with Madhya Pradesh’s Mahatma Gandhi State Institute of Rural Development (MGSIRD) to conduct the classes online through the Institute to reach youth in all Panchayats across the State and give rural youth experience in a new opportunity.”