Assistance in human society is one way in which many people (insurers) keep raising funds in a joint fund, and some of them suffer accidents or losses, to cover their losses. To receive money from the fund.
When a person wants to buy insurance, they contact an insurance broker or agent or the insurance company directly. The insurance worker recommends what type of insurance policy would be appropriate, taking into account the individual's needs and financial resources. When both individuals (the insurer and the insurance worker) arrive at a mutual conclusion, the insurer performs on a form called the proposal form. This form is sent to the insurance company where the underwriter reviews the information on the form and calculates the risk of loss in this policy. On this basis, he determines how much the policy premium should be? Premium is the price of the policy that the company pays for the insured in fixed installments…
Insurance Sales Man / Women
Insurance sales is an exciting and attractive profession with no income limit. The harder the relevant worker works, the more his income increases. Both men and women can do this work independently.
Nature of work
Insurance sales staff sell insurance policies to individuals and entities. It can be life insurance as well as business, shop, home transport and industrial factories, but insurance sales workers in Pakistan mostly sell life insurance. Each worker has his or her organization's guidebook that lists the different types of insurance policies, their premium payment methods and the term, bonus and other details. The insurance worker first meets with the prospective insurer to determine their insurance needs, and then according to the prospective insurer's financial resources and future needs, suggests which insurance policy will be appropriate for them. Insurance workers encourage prospective insurers to know what benefits they will receive from insurance.
Business admission procedure
Insurance workers start work as sales reps in the field of life insurance, while in the field of general insurance they are called field officers. In order to start working, the insured must be affiliated with a life or general insurance company. Generally speaking, your nearest Sales Manager, Area Manager or Branch Manager can be contacted through an interview to assess the candidate's ability to communicate, academic ability and personality, and to work with them in the field. Is sent to do. As soon as an insurer sells the first policy, a regular sales insurance license, ie agency and business code number, is issued. This license expires one year and expires at the end of the year. The renewal fee is Rs 30.
Training institutes and training courses
1. Young people in the insurance profession who start work with a branch manager, branch manager, sales manager or area manager are responsible for their professional training. In insurance life, some successful area managers have organized their businesses in a broad and innovative way. They have their own training departments that provide early training to newcomers to the profession.
2. After the training and sale of one or two insurance policies, the new worker is sent to attend the initial course of the State Life Insurance Corporation, called the "Basic Course for Representatives." This training course is a one-week course and covers "what is insured", various life insurance plans and premium calculation methodology, how to apply on a proposal form.
1 (Representative Development Program (ADP Course)
Following the completion of the basic course for delegates, a course of representative development program is conducted. The course consists of 27 units and is completed in four weeks. This course focuses primarily on the topic of sales and provides information on the following topics. What is life insurance? Insurance organization, prospective customer search, knowledge acquisition skills, basic policies, additional contractor (rider's) policy document, sales insurance method, collective insurance (group insurance), key insurance and business insurance.
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