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One of the most important things to do before choosing an insurance policy asks your insurance agent for these details. here are the most important questions to ask your life insurance agent in a confident manner in order to choose the best. - PowerPoint PPT Presentation
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Questions to ask your Insurance Agent Before Buying
Introduction
Please be aware of the fact that insurance in not a commodity like a
television set or music system which you buy once , pay once and enjoy the
benefits. Please be very careful before buying a life insurance product in
particular. In life insurance the premiums are usually paid for a couple of
years and in some cases like term insurance policy many years. So
compare , study and also do some research on your own before buying the
policy. The hard work and time invested prior to buying the life insurance
policy will insure that you do not regret the decision later in life.
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Make sure that you do not fall into the TRAP. We tell you some
important questions to ask you insurance advisor weather he
is an insurance agent , broker or your friendly neighborhood
bank selling insurance.
http://www.policyadvisor.in
Try to find out his knowledge about the important developments in the
insurance industry. Is he aware about other companies products on
offer. How can a person say his product is the best without knowing
the product features or prices offered by other insurance companies
operating in India.
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Question1
When ever you are fixing an appointment please ask your
insurance advisor to provide his Agent License Number , When was
it issued and when is it expiring.
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Question 2
How many years of experience he has in selling Insurance. There has
been some case where malpractices has been reported in the
exams conducted for insurance agents in the past.
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Question 3
Take every communication in writing in physical or through email and
keep it safe.
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Question 4
All insurance agents have a relationship manager on the rolls of the
insurance company and the agent or advisor has to report to him on
a regular basis. Take the Name of the relationship manager, Phone
Number and address of the branch office the advisor is reporting to
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Question 5
Tell the Advisor to make the illustration for the product on writing along
with his signature or ask him to send it through his mail account.
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Question 6
If the advisor is making promises like 15% returns or 20% returns tell
him to give everything in writing. There has been countless number
of cases where Advisors have promised more than 25% returns on
some insurance products and lured customers to invest in those
schemes. According to IRDA the illustrations can be made on 6%
returns and 10% returns for insurance products.
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Question 7
Never ask for a commission payback form the Advisor and also do not
entertain advisors who offer you commission payback. The
commission is the only incentive the advisor gets to service you in
the coming years. If you want a good service from the advisor then
never ask for it.
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Question 8
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Visit our website
http://www.policyadvisor.in