GroMo is a prominent fintech platform in India that enables individuals to earn money by selling financial products, including insurance policies. Founded in 2019 by two alumni from IIT Delhi, GroMo’s main objective is to provide financial solutions to the “Real Bharat” and increase awareness of the fintech industry in India’s rural, urban, and semi-urban towns and cities. GroMo is an IRDAI-approved fintech business platform that allows users to become licensed insurance agents (POS) and start their online business with zero investment.
To sell insurance products through the Cromo mobile application, it is important to understand what insurance is and how it works. Insurance is a contract that covers any risk or loss caused by unexpected events and requires payment of a premium in exchange for a guaranteed reimbursement. GroMo’s platform enables individuals to offer various insurance packages to different consumers based on their needs. The platform primarily allows individuals to offer three types of insurance: health, life, and auto.
The demand for insurance products had increased, particularly during the COVID-19 pandemic when people realized the need for health insurance. Health insurance can help individuals save their life earnings in the event of an accident. GroMo aims to address the need for a greater understanding of insurance products among its partners. Before selling insurance products, Grow partners must first understand the needs of their consumers.
How to Become a GroMo Partner?
To become a GroMo partner, individuals need to install the GroMo mobile application on their smartphone and register by providing their bank account and other KYC information. The process of becoming a GroMo partner is simple. Once individuals have installed the mobile application, they need to sign up on the application, select their preferred language, enter their mobile number, and wait for an OTP. To complete the verification process, they must then enter the OTP they receive on their registered mobile number.
After completing the verification process, individuals need to submit their KYC documents. To become a GroMo partner, they must provide their bank account information, Aadhaar, and PAN card. Once individuals become a GroMo partners, they can distribute financial goods within or outside their network to expand their customer base. They can also refer my Gromor app to friends, family, and others and earn up to 5% of their income.
To sell insurance products using the GroMo mobile application, individuals can offer various insurance products. They primarily refer individuals to health, life, and auto insurance and earn a commission on each successful transaction. Individuals need to enter their applicant information into the GroMo mobile application, and the application will recommend insurance plans based on that information. When choosing motor insurance, individuals must first enter the vehicle details, after which they can select the appropriate insurance plan for their customers.
After successfully enrolling using the GroMo mobile application, individuals can fill out the lead information, and a Grom executive will call them back for confirmation. Individuals need to confirm the lead and provide all necessary details to obtain the finest-suited insurance policy list. They can choose the appropriate coverage that meets all their needs and make the payment to purchase the insurance policy. GroMo will promptly pay their commission directly to their bank account after issuing the insurance policy.
Conclusion
In conclusion, the GroMo mobile application allows individuals to earn money by selling financial products, including insurance policies. The platform offers individuals the chance to become licensed insurance agents (POS) and start their online business with zero investment. GroMo’s main objective is to offer financial solutions to the “Real Bharat” and increase awareness of the fintech industry in India’s rural, urban, and semi-urban towns and cities. To become a GroMo partner, individuals need to install the mobile application, register by providing their bank account and KYC information, and expand their customer base.