Corporate Agent

[samirbajaj]

What are Corporate Agent?

Is it the same as normal insurance agent?

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[PolicyWala]

What are Corporate Agent?

When a company takes an agency to sell insurance, it will take an corporate agency

Is it the same as normal insurance agent?

No, as explained above its different than normal insurance agent.

[karan48]

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.

[PolicyWala]

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.