Code Of Conduct For An Insurance Agent

Code Of Conduct For An Insurance Agent

Insurance is among the fastest growing trade in India. Insurance is gone by a sizeable number of insurance agents. These insurance agents play a very important role. They are answerable for the reputation of the business they are dealing with; in detail they have some lenient of obligations towards their customers.

The insurance regulatory board of India or IRDA has written down the code of conduct for the insurance agents. Here are some of the codes of conducts listed below:

An insurance agent should discuss all the facts while selling any insurance policy. He should be halcyon to the customer.

An insurance agent argot expand the advantages of any policy to the client.

He should be incumbent enough to discuss the like of the policy properly to the client as this will help them to take a sage benchmark.

He cannot even hide any facts from the business on the profit of the client in order to sell the policy. He should be fair to the customer and the company when the policy is being stimulated.

Insurance is taken to have protection for future. It also requires long term avidity on the behalf of the client. An insurance agent cannot sell a policy by recital that insurance is very short term choice. He is important to tell the customer that insurance is a bleeding heart of long term change. Even in the case of ULIP plan, an insurance agent should disclose that its a long term contract though it is a mild of investment along with insurance benefits.

Between an insurance company and the customer, an insurance agent is the only adjudicator or you can utter a contact point. So he should be fair as well as ethical at the time of selling the policy which is beneficial for them also.