What are Corporate Agent?
Is it the same as normal insurance agent?
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What are Corporate Agent?
Is it the same as normal insurance agent?
When a company takes an agency to sell insurance, it will take an corporate agencyQuote:
Originally Posted by samirbajaj
No, as explained above its different than normal insurance agent.Quote:
Originally Posted by samirbajaj
I have got this on the internet would be useful to all -
Direct agents
1- They are the first point of contact with a company.
2- They represent the company and sell what it has to offer.
3- They are not equipped to compare policy plans across insurers.
4- Go to them for an evaluation of your insurance needs.
Corporate agents
1-They sell in bulk, so you can buy a group plan from them.
2-They can offer a marginally better premium rate than the direct agent.
Banks
1-Banks offer low-value insurance, which mostly includes co-branded products.
2-A good value proposition as an add-on to existing policy.
Brokers
1-They act on your behalf after analysing your needs.
2-They can get you the best policy at the best price across insurers.
3-They work on commission but offer good advice.
4-They offer the best value proposition.
Karan48 - Please put the source, If you are putting any info from other sites or source. Please take care of this next time otherwise I would ban you.
Thanks for the info.