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5 ways to boost insurance sales
Insurance is a product which is not bought but sold. Confused with the statement? Don’t be. How many times have you found a client walking up to you for buying insurance? Investors shy away from the concept of insurance. That is why you highlight the importance of different insurance plans to your customers in a…
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Opening an eInsurance Account just got simpler. Thanks to IRDA’s new and improved norms
The Insurance Regulatory and Development Authority (IRDA) lays down rules and regulations for insurance. From time to time, IRDA formulates new regulations or makes changes in existing regulations to adapt to the changing insurance industry. Similarly, there have been a few changes in the norms of opening eInsurance Accounts. Do you know what eInsurance Accounts…
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Good news for POSPs !! Now you can sell indemnity health insurance
It is good news for Point of Sales Persons (POSPs) as IRDA has allowed indemnity health insurance plans to be sold through them. POSPs are insurance intermediaries who are allowed to sell products of more than one insurance company. IRDA has recognized POSPs as having potential to increase insurance penetration. With this view, indemnity health…
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Top 4 tricks to accelerate health insurance sales in the upcoming tax saving season
With the year almost coming to an end and the last quarter starting soon, tax planning is at the forefront in every investor’s mind. Individuals are planning their investments and investing in tax-saving instruments so that they can reduce their tax liability. This surely is good news for you in order to increase your health…
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How do you help your client to expedite the claim settlement process?
How do you help your client to expedite the claim settlement process? They say that a trustworthy agent is the one who assists his customers at the time of claim. Maintaining a relationship with the client is also very important. So, how can you ensure a quick claim settlement of your client’s health/car insurance? The…
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Did you know that the maximum amount of health insurance tax benefit is actually Rs.60,000 per person?
Did you know that the maximum amount of health insurance tax benefit is actually Rs.60,000 per person? How much are you being able to sell to your clients? While many know that health insurance helps in saving taxes, not many are conversant with the amount of tax benefit which can be actually availed. The maximum…
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Did u know that surrender value of your insurance policy can be taxable ?
Did u know that surrender value of your insurance policy can be taxable if proper care is not taken? Life insurance policies are popular among customers because of their tax saving nature. The premiums paid up to Rs.1.5 lakhs are exempted from the taxable income under Section 80C. Similarly, the benefits received under a life…
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How you can help your clients to expedite the motor claim settlement
Handling your customers’ claims is your true test in rendering post-sale services. If you help your customers in getting their claims settled, not only would you gain their trust, you would also be able to increase your revenue through their word-of-mouth publicity. Furthermore, the speed of claim settlement is also an important parameter on which…
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Top 5 myths about insurance that you need to address when you pitch to your clients
Selling insurance is challenging. Your clients have pre-conceived notions which create a mental blockade. This blockade tests your selling skills. You have to handle customer’s objections and bust some popular myths to sell a plan. Though customers have pre-conceived notions about all forms of insurance, when it comes to life insurance, the case is worst.…
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