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Insurance brokers are individuals that represent a large number of insurance companies and attain commission for their efforts.
These brokers help to offer policies on behalf of the business to offer products and services like the health insurance policy in India.
Thus, if you are interested in how to become a safetree insurance broker, then this is for you.
Selling the best car insurance and health insurance policy in India
All brokers who wish to be associated with Safetree need to be registered with the Insurance Regulatory Authority of India or IRDAI. Such brokers need to submit periodic returns, especially if they wish to sell health insurance policies in India.
Why do you need a license to become a broker?
If you wish to be associated with the best car insurance and health insurance company, you need to have a valid broker's license.
Before you seek how to become a safetree insurance broker, you need to get a license. It is important as -
To ensure that a significant number of insurance products are sold on behalf of the business
To ensure compliance with laws and regulations which are related to insurance
To conduct market research on the available options
To act on behalf of the clients and to negotiate for specific insurance-related products.
To ensure that the policy is honoured.
A license assures client's about the authenticity of the business.
Negotiation of policies and premiums on behalf of the client.
Since the government has prescribed this minimum requirement for securing the broker license, register, and comply with appropriate norms. Apart from training you regarding the process, the program will include -
Advice on the insurance policies offered by the business.
Advice on the procedures and applications for an insurance broker license.
Approval for the license.
Advisory services on the process.
Processing of applications for an insurance broker license.
Assistance and support on the application process.
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