SHRIRAM GENERAL INSURANCE CO. LTD.

E-8, EPIP, RIICO INDUSTRIAL AREA, SITAPURA, JAIPUR - 302022 (Raj.)

PASS Certificate
ROLL NO.: SGI041743867
Examinee Name: PALWINDER SINGH
Adhaar Card No.: XXXX-XXXX-NA
Examination: SGI POSP EXAMINATION
Test Center: SGI -ONLINE
Test Date: 03-06-2022
Test Slot: 11:00 AM - 12:00 PM

Marks Scored Total Marks Percentage Passing Status

Secured Percentage
Required

39 50 78% 35% PASS

 SHRIRAM GENERAL INSURANCE CO. LTD.
E-8, EPIP, RIICO INDUSTRIAL AREA, SITAPURA, JAIPUR - 302022 (Raj.)

Enrolment Letter for POSP

Mr./Ms. PALWINDER SINGH Date:03-06-2022
Address: LANE NO-5,BANKE BIHARI STREET,VIHAL
VIHAR,BATALA ROAD,AMRITSAR,PUNJAB-143001

This is in reference to the application made by you for enrolling yourself to act as Point of Sale
Person.

This is to confirm that you have successfully completed the prescribed training and have also
passed the examination specified for Point of Sales examination conducted by SHRIRAM
GENERAL INSURANCE COMPANY LIMITED under the Guidelines on Point of Sales Person
for Non-life and Health lnsurers. Your personal details are as under:

Aadhaar No: XXXX-XXXX-NA

PAN No: GTYPS5581P

This letter authorizes you to act as Point of Sales Person for SHRIRAM GENERAL
INSURANCE COMPANY LIMITED to market products categorized and identified under the
Guidelines only.

ln case you wish to work for another company, you are required to obtain a fresh letter from the
new insurer/ insurance intermediary in order to act as Point of Sales Person for that entity.

Yours truly

Authorised Signatory
 TERMS & CONDITIONS

With reference to your enrollment as Insurance POSP Code No. PSN000016415 valid from
03-06-2022 . You are authorized to sell our POS products as per Circular no. IRDA / INT / GDL /
PSP / 058/ 03/ 2017 dated 16th March,2017, the terms and conditions are as under:-

1. You will adhere to the code of conduct as prescribed by Insurance Regulatory and
Development Authority of India (Appointment of Insurance Agents) Regulations, 2015.

2. Your POSP Code will be liable to be suspended at any time without prior notice during the
currency of the agency appointment, in case you suffer from:

I. Any of the disqualifications mentioned in Regulation 6.

II. Any violation of the code of conduct as prescribed in Regulation 7.

III. Fails to comply with any of the conditions subject to which you are appointed.

IV. Contravenes of any of the provisions of Act, the Insurance Regulatory and Development Act,
1999 (41 of 1999), the regulations framed there under and such other guidelines or directions
issued by the Authority from time to time.

V. Fails to furnish any information relating to your activities to designated official or to the
Authority when sought by the Authority in terms of this Regulations

VI. Furnishes wrong or false information, or conceals or fails to disclose material facts in the
application submitted for appointment.

VII. Acts in a manner against the interest of the policyholder or against public interest;

VIII. Fails in cooperating with the investigating officer of the Authority in terms of Regulation 8

3. Your any act of rebate as an inducement to any person to take out insurance will be
punishable as per prescribed penalty under Sec. 41 of the Act.

4. You will deposit the premium amount collected from the insured within 24 hours from such
collection. In case of holidays the extra day will be added accordingly.

5. You will be entitled to receive a commission (at such rate as may be notified by the IRDA
from time to time) on premium procured under your POSP Code.

6. You will be abide by the product related guidelines issued from time to time by the company
and will not violate set norms of underwriting practices.
7. You will strictly follow the Anti Money Laundering guidelines of the company.

8. Your enrolment will be valid for Lifetime. However, the Company may suspend your
enrolment without prior notice in case of non performance of POSP or fraud by you.

9. No Cessation Certificate will be issued to you to tie up with another insurer unless the
policyholders have been informed in writing about the change. In such case you will submit us
the list of the entire serviced policy holder along with the policy details, contact details and other
details available with you for servicing of the policies being serviced by you.

10. Surrendering the POSP Code

(a) In case If you wish to surrender your POSP Code with us; You shall surrender your
enrolment letter to us.
(b) We shall issue the cessation certificate within a period of 30 days from the date of
resignation or surrender of appointment subject fulfilment of compliance of point no. 9 and our
satisfactory internal verification against you.

11. CONFIDENTIALITY:

a) You recognize, accept and agree that all tangible and intangible information obtained or
disclosed to you, including all details, documents, data, records, reports, systems, papers,
notices, statements, business information and practices and trade secrets (all of which are
collectively referred to as “Confidential Information”) shall be treated as confidential and you
agree and undertake that the same will be kept secret and will not be disclosed, save as
provided below, in whole or in part to any person/s and/or used and/or be allowed to be used for
any purpose other than as may be necessary for the due performance of obligations hereunder,
except with written authorization from the Company.
b) You agree and undertake that you shall hold all Confidential Information in confidence and in
particular shall:
i. not use or permit or enable any person to use any of the Confidential Information in any
manner other than for the purpose of your Agency Appointment;
ii. not disclose or divulge any Confidential Information to any person not authorised by either
party and shall limit access to the Confidential Information to only such of its personnel as need
to know the same for the furtherance of this appointment;
iii. return all and any Confidential Information which may be in your possession/custody and
pertains to the Company, whenever asked by the Company or within three days of termination/
expiry of this Agency Appointment.
c) The obligation of confidentiality as above shall not apply to any information which is:
(i) in the public domain through no fault of the receiving party,
(ii) rightfully received from a third party without any obligation of confidentiality,
(iii) rightfully known to the receiving party without any limitation on use or disclosure prior to its
receipt from the disclosing party,
(iv) independently developed by the receiving party,
(v) generally made available to third parties without any restriction on disclosure,
(vi) communicated in response to a valid order by a court or other governmental body, as
otherwise required by law.
d) Obligations under this clause to the extent provided shall continue to apply even after the
termination or expiry of this Agency Appointment. In case of any breach of this provision by you,
you shall undertake to indemnify for losses caused due to such breach.The Agent agrees that it
shall take all possible steps to prevent Confidential Information of the Company from falling into
the hands of unauthorized third parties. Confidentiality obligations will continue to apply even
after the termination of Agency Appointment without limit in point of time for periods prescribed
by the Company.
 12. Further, you will comply with minimum business requirement of Annual Premium of
Rs.5,000/-

13. For all purposes your POSP Code will be PSN000016415

We welcome you to our organization and look forward to your contribution to the growth of the
organization and yourself.

Thanking you,

(SHAILESH NATH PATHAK)

Designated Official

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