Becareful with Insurance Agents

20/9/2009

Becareful with the Insurance Agents. Take the following precautions when you want to deal with the Insurance Agents

1. First ask his Licence Number, so that we can know the details of since how long he has been in the Insurance field and when does his Insurance Licence expires and his ability to explain the details of policies etc

2. Ask him whether Insurance profession is full time or part time to him.

3. Take the details and phone numbers of his Manager and Branch so that we can continue our policies even if the agent changed his agency to some other company.

4. Know the details of Insurance value, premium, maturity value etc.

5. Ask the agent to furnish the illustration details paper with his signature.

6. As per IRDA rules the maximum return should not be shown above 10% and minimum 6%.

7. completely go through the policy document when you receive it.

8. You can cancel the policy within 15 days of its receipt