Insurance Advisor Jobs Opening in Ybh associates at Basheer Bagh, Himayath Nagar, Hyderabad

Role and Responsibilities:

Generating maximum business

The first role of the insurance advisor is to generate as much new business for the insurance company as possible. This can be achieved by selling the maximum number of policies to his/her clients. An insurance advisor, therefore, should approach as many individuals as possible and try to position the company’s insurance policies in the individual’s financial needs if possible.

Persistency

Just selling insurance policies is not enough. The insurance advisor should also ensure that he/she can retain the customers of the company. Persistency is an important factor in the insurance company’s revenue. Persistency shows how many policyholders are continuing with the same plan with the same insurance company. Persistency is particularly important in case of life insurance policies which are long term plans. Under these policies, the continuity of the plan for the stipulated tenure is in the best interests of the insurance company as well as the policyholder. The insurance advisor should, therefore, ensure that his existing clients continue their insurance coverage without fail.

Promoting the insurance company

Another role of the insurance advisor is to promote the insurance company with which he/she is associated. Only when customers trust an insurance company would they buy the company’s policies. The advisor should, therefore, build a positive brand image of the insurance company in the eyes of his/her clients and improve the company’s goodwill.

Fact-finding

The first thing which an insurance advisor is required to do before generating a sale is to find out the details of his/her clients. When the advisor knows the personal and financial details of the client, he/she can find out the client’s needs and requirements. These needs and requirements would then help the advisor to position the right insurance product. So, fact-finding is the first step of the insurance sales process where the advisor should find out the details of the client.

Goal identification

Once the advisor has the personal and financial details of the client, the next step is to find out the financial goals that the client has. Insurance policies are goal-oriented products. They can be used to fulfil the different financial goals that individuals have. For instance, if an individual wants financial security, term insurance and health insurance plans prove ideal. For child planning needs, child life insurance plans are the most suitable. So, until and unless the advisor finds out what the client exactly wants, the right insurance product cannot be sold.

Fulfilment of financial goals

This step is where the insurance advisor’s expertise and knowledge are sought by clients. Once the financial goals of the individual are identified, the advisor’s role is to suggest the right insurance products which would fulfil the identified goals. The clients benefit from insurance only when the right insurance policy is matched with their needs. As the clients benefit from insurance, their trust in insurance advisors also grows.

Handling objections

When the advisor suggests the suitable insurance product the client might not agree with the client’s suggestions. There are bound to be objections and queries from the customer’s end. It is, therefore, the advisor’s role to handle all the customer’s objections and answer them to the best of his/her knowledge.

Helping the clients buy insurance

To buy an insurance policy clients are required to fill up a proposal form stating all their relevant details. The details contained in the form then form the basis of the insurance contract. So, it is important that the clients provide all the information correctly. The advisor’s role is to oversee whether his clients are providing the correct information. He/she should also help the client fill up the proposal form and explain the relevance of the different parts of the form so that the client knows why the information should be authentic.

Maintain contact

The insurance advisor’s role does not end with the sale of an insurance product. The advisor should keep in constant touch with the client even after the policy has been sold. Constant relationship with the client would help the advisor get referrals which would help in boosting the advisor’s business. Moreover, through contact, the advisor can help the customer renew his/her insurance policies and therefore maintain a high persistency ratio.

Help in claim settlements

The final role that an advisor has towards his/her client is at the time of claims. Since the advisor is well-versed with the technicalities of insurance and knows the claim process, it is his/her duty to help his/her clients get the settlement of their claims. Insurance advisors can play a key role in the claim settlements of their customers by helping them with the correct process and the documents required. Assistance at the time of claims would increase the customers’ trust in advisors and would also help in generating more business. Insurance is not only about selling insurance policies, it also involves building a long term relationship. When the advisor helps the client at the time of claims, the client understands the importance of insurance and realises how the policy came to his aid. This makes the client more receptive to insurance and he/she also buys more insurance policies thereby increasing the business of the advisor.

1. What are the job requirements to apply for this Insurance Advisor job position?
   
   • Ans: A candidate must have a minimum of 3 to 3+ year experience as an Insurance Advisor


2. What is the qualification for this job?
   
   • Ans: The candidate can be a Graduate from any of the following: 12th Pass (HSE)
   
   
3. What is the hiring Process of this job?
   
   • Ans: The hiring process all depends on the company. Normally for an entry level, hiring the candidate has to go for Aptitude, GD (If they look for communication),Technical test and face to face interviews.
   
   
4. This Insurance Advisor is a work from home job?
   • Ans: Yes,its a Work from Home Job.
   
   
5. How many job vacancies are opening for the Insurance Advisor position?
   
   • Ans: There are immediate 1 job openings for Insurance Advisor in our Organisation.