Insurance Sales is an upcoming and growing job opportunity for many graduates and other professionals. Selling insurance covers and other financial products is the main job responsibility of insurance agents. In India, the number of people already under insurance covers is much less than the potential number of people who require such a cover. Thus, demand for insurance agents and job opportunities for them are rising.
Nowadays, the job of insurance sales agents is not just limited to selling insurance policies. They are diversifying their profile to sell more and more financial products. Mutual funds, retirement funds and other securities are also now sold by insurance agents. Thus, the purview of their job is expanding.
The job of an insurance agent is very client oriented. Insurance sales agents are the first point of contact between a consumer and an insurance company. These agents help businesses, individuals, and families in selecting insurance policies that best suit their needs. These insurance policies are meant to provide the best safeguard for their health, lives, and property.
Insurance sales agents could be of two types: independent agents, and captive agents. As the name suggests, independent insurance agents work independently. They are not bound by any company instead represent several different insurance companies. They are also referred to as brokers. Their job includes making the client buy product from such an insurance company whose policies, rates, and coverage best satisfy the needs of that particular client. On the other hand captive insurance agents or dedicated agents work only for a specific insurance company that has hired them. They find policies within their company to fit the needs of their clients. Although the function of both types of agents is more or less the same, their mode of payment is different. Both are required to maintain records, prepare reports, find new clients, and help policy holders settle their insurance claims. Independent agents work on commission basis whereas captive agents work on salary plus incentives basis.
In the job of insurance sales, the agent sells insurance policies such as property, casualty, life, health, disability and long-term care. Property and casualty policies are sold to individuals and businesses who want to protect themselves from financial loss due to fire, theft, natural calamities, automobile accidents, and various other things that can cause significant damage. Some insurance agents specialize in selling life insurance polices that provide beneficiaries with income when a policyholder dies. Health care agents find clients who wish to insure coverage for medical care in the case of illness or injury. They may also sell dental insurance and short- and long-term disability policies.
The first task of an insurance agent is to convince the client that the financial product offered by the company is useful for the client. Once the client is convinced, the insurance sales agent helps the client select the best policy that suits his needs. This could be buying insurance cover for self, spouse or children, mediclaim policies, child education policies, pension plans and so on. After this, the agent helps the client through all the paper work and legal formalities that are involved. Then, the agent has to maintain relationship with the client for reminder of premium deposits, any other settlements, claims or if the client wishes to upgrade his policy. Also, since much business is generated through referrals, it is always important to maintain a good relationship with the client.
These days, the job of an insurance agent has become relatively simpler with the advent of technology. Internet enables easy access and regular communication with the client. It is also easier to keep records and make reports using increasing technology advancements. This improves the efficiency of insurance sales agents allowing them to take on more and more clients and servicing them well.
With the increasing competition in the insurance domain, there is need for aggressive insurance sales agents. With so many players in the market, it is the agents who can ensure a customer’s satisfaction with the services of the company. The agent should be smart, pleasing to talk to and convincing enough. He/she should also have thorough knowledge of the products of the company. There should also be certain quickness and the ability to think on feet while processing claims, answering questions, making changes in policies, and selling more products.
The job of an insurance agent is both rewarding and challenging. As long as one keeps getting clients and the business keeps flowing in, it can be monetarily very rewarding but if the clients dry up, it becomes very frustrating. One can enter this job as a graduate and entry level and grow to a higher level. There are opportunities galore and for aggressive young people with good sales ability, this could turn out to be a long-term career with ample scope of growth.
Some useful links: www.naukrigulf.com www.naukrigulf.com/ni/nijobsearch/loc-jobs-dubai/
If your home is like 72.9 million others in the U.S., it is home to at least one pet. According to the 2011-2012 APPA National Pet Owners Survey, 62 percent of households in the U.S. have at least one pet. It’s not hard to imagine why. Pets, whether furred, hoofed or winged, bring so much to our lives. But, along with unconditional love and unquestioning devotion, they can also bring significant vet bills. In fact, the APPA (American Pet Products Association) estimates that U.S. pet owners will spend $14.1 billion on veterinary care in 2011.
Some pet owners opt for pet insurance as a method of reducing the costs of routine and emergency vet visits. However, Consumer Reports recently published a review of several pet insurance plans. The review was not favorable. Their basic conclusion: “Pet insurance is rarely worth the price… Only in uncommon cases, when a pet required very expensive care, would the coverage have more than paid for itself.”
Here are a couple of reasons why a pet insurance plan may not be your best option to save on your pet’s healthcare costs.
1. Lack of Coverage
Most pet insurance companies promise to cover 70 to 90 percent of your pet’s veterinary costs. However, these companies have adopted much of the fine print that the large human health insurers use: cumbersome claims processing, deductibles, per-visit reimbursement limits and per-incident limits. They may also deny coverage for many common conditions, including those deemed “inherent to the breed” and “pre-existing” conditions. As a result, their insurance rarely covers more than 50 percent of a pet’s annual medical costs. And since they charge $400-$1100 for a policy, the insurance typically costs the average pet owner far more than it saves.
2. Poor Return on Investment
In the aforementioned Consumer Reports review, they analyzed the lifetime vet bills of Roxy, a 10-year-old beagle in Dobbs Ferry, NY. Costs were totaled for nine different pet insurance policies, calculating how much would be paid out in reimbursements. Over Roxy’s 10 years, none of the policies Consumer Reports evaluated would have paid out more than the cost of the plan. Even when treatments for several hypothetical serious ailments were added in, the average policy would only have saved Roxy’s family $65 over her lifetime.
Consumer Reports concludes: “We believe most pet owners will be better off passing up pet insurance.”
So what should pet owners do to help cover rising vet costs? Here are a few alternatives to help:
1. Financial Assistance
There are a number of financial assistance programs financed by grants and private donations. While each one has different guidelines and requirements, your local shelter is a good place to start. Many shelters have updated listings and information on financing opportunities.
2. Veterinary Discount Plans
Veterinary discount plans provide discounts on services at participating veterinarians, immediately reducing the amount you have to spend on routine and emergency care. In Consumer Reports hypothetical case of Roxy, the largest veterinary discount plan showed Roxy’s family saving almost $2,500.
3. Start a Pet Savings Plan
Open a savings account with a high interest yield that you can use an emergency fund. If you put away just $25 a month for 4-5 years, the compounded sum will cover almost any procedure.
Be creative! Mix a Pet Savings Plan with a Veterinary Discount Plan and Financial Assistance plan. Now that’s something to crow (meow, bark or chirp) about!
When you struggle to track where prospects are in your sales funnel and how likely they are to do business with you it’s easy to drop the ball and miss prime opportunities. Many tracking systems are complicated and unwieldy. You need a simple tracking system. You need to know at a glance exactly who your prospects and leads are, how likely they are to do business with you, their contact information, the commitments agreed upon during your last contact, and the next action you must take to close the business.
And you need all that information in one place. Sales is a hectic fast paced business. You need to know exactly who your prospects are at any given moment. When you try to track all your prospects in your day planner, a call sheet, or many CRM’s you really can’t access everything you want and need to know quickly and easily and everywhere you are.
You can use a single sheet to record all the information you need to track your sales funnel. This will make the whole tracking process easier for you. Plus it helps you to have everything you need in one location when you need it.
Prospects don’t usually enter and exit your sales funnel as customers in one step. Most sales cycles involve multiple and incremental steps that occur over a period of time. Some sales cycles are extremely long especially when the sales involves high ticket decisions. The sales cycle itself poses a stumbling block for many sales professionals.
Define the required steps for advancing the sale in your sales process. Based on your sales experience what sales techniques do you have to advancing a prospect that doesn’t fall within your standard sales process? You’re sales success depends on your ability to move people through the buying selling process. If you don’t have a next step option for your prospect you can’t expect them to come up with one for you. Plan clearly defined advancement options that both you and the prospect can agree to. If you don’t have advancement options you have to have far more leads in your sales funnel that someone who does. You’re letting valuable prospects slip through your fingers because you don’t have a plan for keeping prospects on track and on board with your solution.
All too often sales professionals drop the ball and allow months to pass without taking the appropriate next action. This probably happens more often than you’d like to admit or than you even realize. These time gaps hurt your relationship to the point where you almost have to start over with the prospect. You’ve lost your connection and now they don’t trust you because you’ve demonstrated that they can’t count on you. That kind of relational damage is hard to repair. Effectively tracking all your leads and prospects and the next actions you’ve committed to reducing the likelihood of dropping the ball. It’s much easier for you to monitor your entire sales process and everyone in your sales funnel, and you close more business.
If you want consistent and predictable result you have to know exactly how many people you need in your sales funnel at all times. As soon as you close a prospect you know you immediately need to replace that prospect in your sales funnel. Through experience you’ll discover both your capabilities and limitations. You’ll discover how many leads you need to consistently generate to produce prospects for your sales funnel. Eventually you want to develop lead generation systems that produce the right number of new prospects entering and leaving your sales funnel as customers so you obtain the sales objectives that fit your needs.
When our pets get sick, we want to provide the best health care possible. But how do we do that if hospitalization, treatment and medication would cost about $3000? Pet insurance enables pet owners to have options on how they could provide better for their pets, after all our pets are not just animals around the house. They are our companions.
In the United States, only 3% of Americans got their pet friends insurance. This is lower compared to other countries like Canada which has 19 % of pets insured and with Sweden with an outstanding 49%.
There are undecided pet owners on whether getting pet insurance would be able to benefit them and their animal companions. Let’s understand the advantages and disadvantages of getting pet insurance, to be able to guide us in making the best decisions.
The gist of having a pet insurance policy is to make sure that in terms of medical emergencies and accidents, your pets are well provided for. When unforeseen circumstances happen, it would be difficult for the pet owner to come up with a big amount immediately. How many pet owners were forced to touch their personal funds for the sake of their pets.
Depending on the kind of insurance plan, coverage could also include vaccinations, spray, neuter and even flea medications. Veterinary costs are increasing fast. There are already sophisticated medications that could deal with your pet’s sickness. Having a pet insurance could actually save your beloved animal from euthanasia.
Aside from medical reasons, there are also insurances that could cover rewards, posters, advertising and financial assistance for pet owners whose pets have been stolen. In these cases, insurance companies could even provide assistance in acquiring a new pet.
Another kind of insurance will be for kennels and boarding, which will answer to the question when something bad happens to the owner and nobody could take the pets in. A pet insurance policy could help with the cost of kennels and boarding.
Some pet insurance tend to be overly expensive. However, there are pet insurance companies offering lower plans. You just have to know what kind of coverage you would like to be in your plan so you can choose an appropriate insurance for your pet. The prices also tend to be different based on the animal and its breed. There are some animal breeds that would require expensive medical treatments. For example, when a big dog like a German Shepherd injured his hip, the procedure tends to be expensive.
Pet insurances are also very particular with pre-existing conditions. If you dog is sick and old, then definitely you would have problems getting them and insurance plan. Most insurance companies does not pay the bill upfront. What happens is that the pet owner would have to pay for it and then will have to reimburse if after.
There are times when the pet owner does not have the money yet, there are vet clinic who would allow the pet owner to pay part of the bill and the insurance company will be fixing the balance directly. Before a pet owner could take advantage or use the insurance, it would need a two-week or a few days of wait before the coverage would start.
Thinking about it, getting a pet insurance policy definitely would have its pros and cons. It would definitely be your call as a pet owner if you would like to get one for you pet, but it is important to always keep in mind our responsibility as pet owners and our pets’ welfare.
Pet care insurance is all about becoming a responsible pet owner. Lately owning and correctly caring for a animal is a huge responsibility. Not only do you have to offer adequate food and shelter for the family pet, but they also require appropriate health attention.
Sadly for ninety-seven percent of the pet owners, the concept of “suitable medical treatment” is not taken very sincerely with respect to buying pet care insurance to ensure that a policy is in place to supply medical care if and when it’s needed.
When speaking about this responsibility for providing good health care for a animal, this includes a price tag. Personal time, along with the monetary side of having your animals taken to the veterinarian for regular check ups, vaccinations and potential treatment for injury or sickness are some of the key reasons why owning a family pet is a huge liability. Scientific studies show that around 65% of veterinarian visits are spontaneous because of emergencies. In lots of cases these unforeseen visits to the veterinarian may result in an unexpected blow to your private finances when a huge veterinary invoice rolls in.
You possibly can keep away from this gigantic “hit” on your wallet with a family pet health plan. Pet care insurance assists you to lessen family pet care expenditure through reimbursements on veterinary charges, diagnostic exams and diagnostic treatments.
Not all pet care insurance plans are equivalent, as a result as the animal owner you must be willing to perform some detective work to obtain the most applicable pet care insurance for your own family pet. Doing research and obtaining pet insurance quotes often contributes to financial cost savings and realizing what is the most comprehensive plan for you and your animal.
Some key ideas to help find the top animal health care :
1. Compare pet care insurance companies. This will help you to locate the most cost efficient pet care provider for you.
2. Institute a sum you are agreeable to purchase family pet services. Setting aside an affordable sum for health care can safeguard you from getting talked into an expensive coverage that you can not pay for.
3. Get in touch with a number of vet clinics in your area to inquire on the subject of their fundamental treatment plan costs. Like any other business, competition will lead to a wide range of charges for the same treatment between vet hospitals.
4. Ask in relation to free samples from your local vet. Oftentimes pharmaceutical organizations that provide drug treatments to the pet marketplace recommend free of charge samples to see if their products perform. Check with your vet if there are free samples as this may save you money on fundamental prescription drugs.
5. Carefully look over any family pet insurance policy prior to signing. It is vital that you read and comprehend the “fine print” in pet care insurance plans to totally grasp the inclusion and exclusions for the coverage.
While pet care insurance may well not look important now, believe me when I declare, that as a pet owner myself this is something that will save you from both psychological and financial heartache if and whenever you possess a sick or gravely hurt animal and are confronted with huge veterinary costs guarantee your animal of the top attention and treatment viable.
Show your pet that you truly care! Take action now to find out more about pet care insurance and protect both yourself and your pet. Visit our website now to find how to cheap pet insurance and much more. Articles on pet medical insurance, pet health food recipes and tips and links to many other resources. Let us help you as we have already helped hundreds of other concerned pet owners find pet care insurance.
Several men and women are ready to give up before they even start shopping for well being insurance. There are quite a few plans accessible, all with different possibilities, that can become quite tricky to the average person. Luckily there are experts that might assist you. Read the assistance in this editorial for help on acquiring wellness insurance.
Take benefit of any wellness programs supplied by each your workplace & your health insurance company. Each of these could reward you in diverse methods, such as your workplace providing a cash-incentive for completing an exercise program, or your insurance company lowering your premiums in case you follow a quit-smoking 1. These offers are rare, however beneficial.
A superb wellness insurance tip that might save you a whole lot of money, is to limit how much exposure you are getting to the sun. Seriously, by limiting how much exposure you’re getting to the sun, you’ll save a considerable amount of revenue by preventing a great deal of physician visits in the future. This will bring your wellness insurance down.
Although larger insurance organisations are more likely to be reputable, smaller firms will offer lower premiums. Ask your family and buddies if they have ever tackled the small company you are considering to see if they can recommend it. Also check online for assessments to be certain the company is living up to its claims.
Check with your state to find out in case you qualify for government wellness insurance or some type of subsidy for wellness insurance. Quite a few states offer health insurance plans or subsidies for low income households or for kids that come from low income families. Discover all your solutions to see if this applies to your scenario.
Try to find any exemptions that are “grandfathered”. This could be something from blood pressure screenings to immunizations. Find out what is gratis & what you need to pay for. This way you can know what you are eligible for whether you need specific factors or not; and what you want can change over time.
Give some thought to purchasing private health insurance policies for your dependents. Even if your employer offers health insurance coverage, the cost to add your dependents can from time to time be extremely high. Shopping around for private alternatives can, at times, be worth your while. Some private businesses offer lower coverage choices, for a lower cost, that might suit your desires.
Before you apply for a wellness insurance, check with your family doctor that your records are up to date. In case you think you’ve something on your record that may compromise your application, talk to your physician about it. Most insurance businesses will check your medical history over the last a decade.
Don’t forget to think about the size of your deductible once you are choosing a health insurance plan. It might be tempting to pick a larger deductible in exchange for lower premiums, but consider that you’ll be responsible for that amount. In the event you can not afford to pay that much, go with the higher premiums & lower deductible.
Have a look at the information you have just read & apply it to your check out well being insurance. With all the diverse plans accessible it would be easy to turn out to be confused without help. Use the guidelines while shopping & do not give up till you have the correct plan that fits your demands.
This article explains what disability insurance means under workers compensation law and details the different types of disability insurances and the benefits under each. In what circumstances should one hire an attorney?
Simply put disability insurance is a kind of insurance that covers the beneficiary for their income in a case where a disability might render them incapable of earning a wage.
Since this kind of insurance primarily deals with employees and employers it is categorized under workers compensation law. Depending on the situation and the nature of the injury disability insurance covers an individual for paid sick leave, short-term disability benefits and long-term disability benefits.
It is important to note that there is a difference between workers compensation and disability insurance. A lot of people use both of these as inter-changeable terms but this is not correct.
Workers compensation policies are taken out and maintained by employers to cover them in a situation where they have to pay compensation to an employee if an injury at work has left them incapable of working. Disability insurance is a policy that the employee undertakes himself.
It’s like a personal policy and the employee is responsible for paying premiums and maintaining the policy. In the case of an injury at work that has left an employee incapable of carrying on with regular work, they file a claim with the insurance company for compensation. This is known as individual disability insurance.
Then there is the government covered disability insurance that is part of the social security program. The government disability insurance is a federal funded program aimed at looking after individuals who in normal circumstances are unable to carry out an individual policy. If such an individual is rendered disabled they can file a claim with the workers compensation dept under the disability program. These claims are subject to conditions and might take a while to come through.
Other types of disability insurance include high limit disability insurance where the disability benefit is standard at 65% of income, key-person disability insurance mainly to protect a company from any repercussions on business due to losing out on an important employee and business overhead expense disability insurance where the overhead expenses of a business are covered if they arise due to a disability.
While the disability insurance comes across as a straightforward process there are situations where an attorney might have to be hired. In most cases this is done when a claim is denied and you want to fight it. Wherever you live, for e.g. if you live in Detroit, you can look for a Detroit attorney practicing workers compensation law to represent the case for you. Another reason to hire an attorney is of the compensation awarded is insufficient.
It is noteworthy that when looking for an attorney, like a Detroit attorney in Michigan State, you might actually not find an attorney only practicing workers compensation rather firms and individual attorneys practice labor and employment law and workers compensation is an additional branch under that.
Depending on the State you live in and the kind of claim you want to file or contest, you can look for a lawyer based on requirements.
Ryan FitzGerald is the Co-Founder of AttorneyTribe.com – A leading online AttorneyTribe Attorney Directory. Find Detroit Attorney, Attorneys in Los Angeles and other top cities in USA.
Industrialization has changed the life styles as well as working conditions of the populous across the globe, and truly speaking this has transformed the world in a ghetto where geographical boundaries have diminished. But with this changing scenario besides the ever growing complexities in the life styles of the populous, as well as the working conditions of the public scattered in every corner, has enhanced the risk factor and perils that can effect adversely and this particular factor has introduced the concept of insurance; as when opted it can safe guard the interests of the objects as well as the populous scattered round the corner
From the time of introduction and formalization of this concept of insurance, has generated new ideas in the mind set of organizers of special events as concerts, and they have started opting for Insurance of Concert, and the best part is that it can be customized as well as personalized as per the needs, deeds and the requirement of entire set up. The solo motto behind this logic is while organizing such an event i.e. concert, there are oodles of factors that are coupled with the event that are equally important, and taking care of every related aspect is quite frustrating , and requires a lots of care and attention. With lots of vintage and rare instruments being used in the concert and in case of some adverse situation when there is some damage to these instruments, there will be not much loss to these instruments in case if the organizers have undertaken the policy related to it. Hence taking an insurance policy against all odds is a proper step.
When as a concert organizer or as a musician you acquire a policy, it covers the whole lot as wear and tear, as well as theft and accidental harm due to the situation that was not actuated by you. In the case of a large gathering when any event is organized as musical concert in marriage or any social gathering that is spread around for a day or two or even more than that, usually organizers of the event or the single party if organizing the event in case of marriage, Insurance of Event Liability is been taken, that can be customized and even personalized upon the points of choice.
Benefit of taking insurance policy against any event is that you are care free from certain security aspects and you can concentrate on the entire event sincerely and make the entire function a huge success. The best thing is that in case of a event is running for more than a day, you can either take a package of entire event or for a particular day. The best part is that it covers all the losses occurred in the case of cancellation of the event.
With so many advantages and benefits in hand the concept of insurance in these budding fields are growing at fast rate and you will find oodles of insurance companies have started providing personalized services and make their clients mentally free against all odds.
Opener With Receptionist:
Hello, I’m calling to speak with the person that handles the Workers
Compensation and Liability Insurance renewals that are coming up in the next
couple of months.
Decision Maker / Influencer Picks Up The Call:
Hi this is __________ with example Insurance Corporate Offices. I represent
many of Farmers Insurance top agents in California that specialize in your
line of business. I’m calling today in regards to your renewal dates that are
coming up in the next couple of months for your Workers Compensation and
Liability Insurance, Commercial Auto and Health Benefits. The reason I’m
calling in regards to your renewals is example has lowered rates for Workers
Compensation for your class codes by 35% based on your annual premiums
effective 1-1-09. Over the last few years Farmers has lowered rates by 60%,
as well as Farmers Underwriting is giving some great schedule discounts in
some cases for some qualified business up to 50%. Your business has been
determined to fit the criteria that example Insurance is looking for to help
lower your cost of insurance both hard and soft cost because of the class
codes you have, and the ex-mod history you have. We have been able to save 20%
-30% in some cases for business likes yours over many carriers that write
your class codes in California.
I’d like to schedule a 15-20 minute meeting with you and our Top Commercial
Insurance Specialist in your area to provide a presentation of our programs,
new rates and the discounts and credits we will give you based on your great
ex-mod and schedules.
I need to ask you a few questions to provide to our Agent. I need your # of
employees, verify your current carriers and renewal dates for everything.
Remember to verify address. Closing questions is if we can provide a better
solution are you willing to switch carriers and your broker?
For more information on selling please visit http://www.agentbuilderinc.com
for your Commercial business insurance marketing
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