Category: Life Insurance
Do you also believe that Insurance Broker and Insurance Agent are the same?
The answer is No. Insurance Broking is an organization licensed and controlled by the Insurance Regulatory and Development Authority of India.
Insurance Broking has a wider scope of approach when it comes to selecting the right policy for you. Because an Insurance Broker can extend their approach to all the insurance companies. They act as your representative to the insurance company.
Whereas Agents act as Insurance Company’s representative for which they hold the license. Hence their approach is limited to the single insurance company.
Since Insurance Broking is an entity and not an individual, they have greater responsibilities towards their clients and dedicated teams to take care of them.
The support from an Insurance Broker is not restricted to just helping you buy the right policy. They help you throughout the policy life cycle including their dedicated support in settlement of the claim.
What are the Three Important Aspects to Consider When Buying a Life Insurance Policy in India?
We think of purchasing a product from the top companies thinking of the reliability, brand name, and quality they offer. But when it comes to services, it is difficult to guarantee that the same companies that excel in products would also perform well in services. The simple reason for this is that products and services […]
Beyond the Basics: How to Compare Life Insurance Companies in India
It is important to not only understand the basics of life insurance policy, but also the intricacies associated with life insurance plans so that one can be careful while selecting the policies. Here is a detailed list of things that have to be compared before buying a life insurance policy from top life insurance companies […]
Life Insurance Top-up – How to do it?
Life insurance has come a long way after it was introduced in India and today it contributes majorly to the insurance penetration in India. While it is easy to understand the need for life insurance for everyone, there are certain blockades that exist in the process. For example, a life insurance plan once taken would […]
How to Buy a Term Life Insurance Policy?
Life insurance is the basic form of insurance that is required these days irrespective of the employment of an individual. You might be working as a daily labourer or having a desk job, but the requirement for a life insurance policy exists. Within life insurance, one should focus on term life insurance plans for their […]
5 Things to Consider Before Choosing a Term Life Insurance Policy
Term insurance is mostly a one-time buy product, unlike motor insurance, which needs to be purchased very frequently. Term insurance is designed to provide compensation to the family members of the insured in case of the death of the insured due to an insured peril. In general term insurance plans cover all types of death […]
The Right Term in a Term Insurance Plan.
Yesterday I overheard a conversation between two friends, here’s a transcript of how it went – Amit : Hey Suman, I turn 30 next month, what do you think should I gift myself? Suman : Haha, finally you go to the wrong side of youth, very soon you will be the disadvantageous demographic dividend 😄 […]
Let us divorce– first hand story
“This will put an end to all your problems,” he said sternly and left. I sank into the sofa, stunned. Dumbfounded. What did I do for this? Don’t I deserve a good life, a happy relationship and a secure future? Don’t I deserve joy or some peace of mind at the very least? Am I […]