FAQs

How do I become a PoS Agent?

You can become a PoS Agent by following the below steps:

Step 1 – Register either on the Coverdrive website (https://pos.coverfox.com/) or the Coverdrive Mobile App
Step 2 – Enter your details and submit the required documents
Step 3 – Appear for an examination after completing 15 Hours training

The results of the test will be declared within 24 hours. On successfully completing the test, you will receive a PoS certificate.

To become a certified PoS agent with Coverfox, you must not have an existing POS account with any other insurer/broker with the same details that you have provided.

Which are the documents required?

The documents that you will need to submit at the time of registration include Class 10 or above pass certificate, a copy of your PAN card, Aadhaar Card (front and back) and a cancelled cheque (with your name on the cheque leaflet).

What products can I sell on the Coverdrive platform?

As of now, you can sell two-wheeler insurance policies, four-wheeler insurance policies, health insurance policies, term insurance policies and commercial vehicle insurance policies on the Coverdrive platform. We will continue to grow our product portfolio on a timely basis.

What is the claims process?

Pvt. Car insurance policies sold through Coverfox or Coverdrive are eligible for the Express Claims Service facility. To know more about this, click here – https://www.coverfox.com/express-claims/

For information on health insurance claims

Term insurance claims process

Who can become a PoS Agent?

Anybody who has a knack for selling insurance policies can become a PoS Agent. This includes college students, stay-at-home spouses, retirees, businessmen/women, insurance agents, etc. The only requirement is that the candidate must be over 18 years of age and should have completed Class 10.

What are the benefits of becoming a PoS Agent?

As a Coverdrive agent, you will be able to enjoy the following benefits:

  • High earnings potential
  • Flexibility and freedom
  • Zero investment required
  • Instant pay-out
  • Opportunity to sell a wide range of policies

Can an individual become a PoS Agent for more than one company?

No. According to the IRDAI’s guidelines, an individual can only act as a PoS Agent for one company. If the candidate has already been licensed to sell policies of another insurance aggregator, he or she cannot apply to become a Coverdrive agent.

What is the Instant payout process?

Under the Instant Payout feature, commission for motor insurance policies sold will be credited to your account within 2 hours of policy issue.

What is the after-sales service available to PoS Agents?

PoS Agents are assigned a relationship manager who will provide guidance and answer to any questions that agents might have on the policies sold over the Coverdrive platform. Agents can also contact the customer support team by dialling 1800-209-9985 for assistance.