Why Life Insurance require Insurance Advisor?
As population is growing economy is also growing. Population is raw material for Life Insurance. To take advantage of Indian gigantic population with knowledge of Computer and internet, Insurance companies started marketing their products online. Marketing a product online is very cheap and available 24×7.
Life Insurance plan purchased from an part-time or un-experienced person who cannot serve till maturity of the policy many not of any help to the Policy holder. Insurance requires one to one contact, understanding the needs, analyzing scenario, life style and many more things.
Life Insurance is not a product which can be altered or purchased new every year. Many Life Insurance Agents sell life insurance just to earn money. If not able to achieve earn or reach target, leave the Industry within 2 to 3 years. Insurance policies sold during this time span alone with no one to service. Insurance Policy holder may not be able to approach every time or keep reminder or pay the Insurance premium on time. Thus more and more Life Insurance policies lapse every year.
Nowadays Selling Life Insurance has become a time pass for many. School dropouts, searching for jobs start selling Life Insurance in free time for making extra money. The people who become Insurance Advisor on part time basis fail to realise the importance of Life Insurance and its power to save family and future.
Life Insurance is a planning for financial compensation can help the family to live after losing the bread winner also. Proper planning with performing Agent is a must for Life Insurance plans. Many do not realise the need for Life Insurance plan at younger age. People realise the need for Insurance normally after 35 or more year when the premium starts increase as per their age. We have around 24 Life Insurance companies in India but according to a survey around 65% of men and 83% of women have no Life Insurance cover now also. This shows the consistency of Insurance Advisors in the Country.
There is a need for Professional Life Insurance Advisors for planning and executing a plan.