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 roused by a immense 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 fact they have some cordial 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 fair to the customer.

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

He should be pledged enough to discuss the outlook of the policy properly to the client as this will help them to take a sagacious opinion.

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

Insurance is taken to have protection for future. It also requires long term greed on the behalf of the client. An insurance agent cannot sell a policy by declaiming that insurance is very short term adjudicature. He is exposed to tell the customer that insurance is a good-hearted of long term stir. Even in the case of ULIP plan, an insurance agent should jaw that its a long term contract though it is a neighborly of investment along with insurance benefits.

Between an insurance company and the customer, an insurance agent is the only arbiter or you can communicate 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.