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    Insurance POSP API

    šŸ„ Formax Insurance POSP API ā€“ Overview
    Formax IT Solutions, partnered with Insurance Dekho (an IRDAI-licensed insurance holder), provides SSO-based Insurance POSP services for corporates, fintech platforms, and agent networks. The API enables partners to offer end-to-end insurance services digitally, with seamless integration, instant commission management, and real-time policy updates.
    Key Features
    šŸ–„ļø SSO Model Integration ā€“ Auto-redirect to the Insurance POSP portal with single sign-on, enabling smooth access for agents.
    šŸ’³ Balance Debit from Own Portal ā€“ Partners can debit their own wallets to issue policies directly from their integrated systems.
    āš” Instant Commission Credit ā€“ Commissions from policy issuance are credited to the API partner account instantly.
    šŸ”„ Real-Time Callbacks ā€“ Receive live notifications for policy issuance, commission payout, and policy status updates.
    šŸ“Š Agent Management ā€“ Create, manage, and track multiple POSP agents under your network.
    šŸ›”ļø IRDAI Compliant ā€“ Fully compliant with insurance regulations, ensuring secure and regulated transactions.
    Supported Insurance Products
    ā¤ļø Life Insurance ā€“ Term plans, ULIPs, and endowment policies
    šŸ„ Health Insurance ā€“ Individual, family floater, and critical illness plans
    šŸš— Motor Insurance ā€“ Car, two-wheeler, and commercial vehicle insurance
    šŸ  General Insurance ā€“ Travel, home, and personal accident policies
    Use Cases
    Fintech Platforms ā€“ Offer POSP services and integrate policy issuance into your own platform.
    Corporate Agents ā€“ Manage agent networks, track policy issuance, and handle commission payouts digitally.
    Digital Wallets & API Partners ā€“ Debit wallet balances to issue insurance policies and get instant commission credits.
    Real-Time MIS ā€“ Monitor all policies, commissions, and payouts instantly via API callbacks.
    Why Use Formax Insurance POSP API
    āœ… SSO-Based Seamless Access ā€“ Smooth agent onboarding and portal access
    āœ… Instant Commission Management ā€“ Real-time credit of earned commissions
    āœ… Secure & IRDAI-Compliant ā€“ Fully regulated for all insurance services
    āœ… End-to-End Digital Workflow ā€“ Paperless, automated, and efficient for partners and agents
    āœ… Real-Time Updates ā€“ Receive live notifications for policy issuance and payouts
    Modified atĀ 2025-12-24 17:40:30
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