How do you choose your insurance advisor?

You must opt ​​for a life insurance policy. If your finances allow, you should take out health insurance in addition to home insurance. In this way, you can save yourself from a sudden financial crisis. But when it comes to an insurance advisor, you need the best of people. In this article, we will guide you through five steps to hire the best LIC advisor in Delhi.

1. Always prefer a certified consultant

Your insurance advisor must have the appropriate certification from the Insurance Regulatory and Development Authority (IRDA). This proves that he/she is not there to mislead or deceive you. Moreover, the guidelines of this agency ensure that you are protected on all fronts. If a person is not certified by IRDA, he is not legally entitled to advise people about insurance. He could end up in jail. Therefore, before choosing an agent, make sure you have all the necessary certifications.

2. He must be ready with investment solutions

You must understand that insurance agents are much more than just a salesperson. They must have a good understanding of financial planning. They must be equipped with all the necessary information about the financial world, both nationally and globally. More importantly, your LIC advisor should have a good understanding of your family and financial standing. This way he can propose the best insurance for you. It is advisable to first build a good friendship with the advisor and only then allow him to enter your financial domain.

3. He must have a full understanding of the product he wants to sell

The insurance consultant must have a thorough knowledge of all insurance policies that his company sells. You should sit down and have a long talk with him about the pros and cons of different policies. You must understand that every insurance company sells an awful lot of policies. Not all policies are intended for you. Your insurance consultant should suggest you the best policy for yourself after understanding your family and finances.

4. Does follow up?

He/she is a cheap insurance advisor if he/she forgets about you after you take out the insurance. This is not what a responsible advisor does. Even after you buy the policy, you may still have a lot of questions that need to be answered. He/she should keep you informed about the product premium and all necessary details to get the best out of your insurance.

See also  Business insurance 101: what you need to know

5. He must assist you in meeting your claim

An advisor plays a very important role in a claim. He is the only contact person between the insurer and the policyholder. He must understand all the formalities that must be fulfilled for a successful claim. If your claim is rejected, there was no point in choosing that insurance. A good insurance advisor is there for you when you need him/her most.