According to sources, a poster bank will soon be able to sell your insurance, parcels and money orders. According to a report, the postmen and Grameen Dak Sevak, as rural postmen, are being recruited and trained for the purpose of the Insurance Regulatory Authority of india (IRDAI). Reportedly they will become the point of sale person, or simply the seller's insurance policies, directly to the public.
In the meantime, the Payment bank Licenses have been issued out of the Department of Post Payment bank (IPPB). Probably 1,55,000 post offices in india are already offering many financial services, like savings accounts and so on and more than 300,000 postmen and grameen dak sevaks. Recently, the IPPB has asserted that it is not the only training for these employees but for their employees who are engaged in the act of omission and commission.
So out of these 1,55,000 people, the IPPB will identify the ones that have been selected for this activity and send their lists to IRDAI. IRDAI (Registration of corporate Agents) Regulations, 2015. Probably the most effective way of training and getting postmen / grameen dak sevaks certified, reporting on transactions on a daily basis and completing the KYC requirements etc., the IPPB of all the obligations.