Monday, September 26, 2011

What Makes Insurance Education Important?

By Josh Henry


People will pay a premium, if there is a device or a software that helps people to know about what will happen to them or their close relatives, say tomorrow, next week, next month or a year after. The astrology and their predictions are subjective and could not be relied for authenticity. In the absence of such a facility, it is necessary to insure you and your family against any possible mishaps.

In any other field the moment the cash transaction is made, immediately or at least a day after a delivery of the thing which is paid for will be available to the customer, except in insurance. Insurance is a thing which the customer pays for tomorrow's security or for the benefit of his/her family in case of a mishap. In such a situation an approach to the customer should be very cautious to inform about the benefits of Insurance. This is where the role of an Insurance education and the importance of Insurance Instructor as such.

Before approaching a customer (or the 'prospect' as it is commonly addressed to), the advisor/agent should be thoroughly aware of the various schemes suitable for that prospect. With the insurance companies vying at each other and introducing various insurance policies this is all the more important.

The success rate of an advisor mainly depends on his ability to make the prospect understand the need of insurance, and the clarity in communicating the company's schemes/policies to him. Regular classroom training before venturing into the field is given by all the insurance companies to their advisors. The governing body IRDA is insisting a license to be obtained by an advisor.

A person desirous of making a career as an advisor should undergo regular class room training and in addition should familiarize himself through internet the various aspect of policies, governing rules about insurance, the rights of a policy holder and the role of an insurance advisor for prescribed hours before appearing for an exam and then only such license is granted to him. Only a qualified insurance educator only can help him for this.

Thus the opportunities for an insurance educator are bright for those who have some teaching talent in them. Any previous exposure to insurance field such as an office job about recruiting advisors, administration, and policy related work will help to a great extent in this regard.

Insurance companies are looking for Training Professionals who satisfy these parameters to educate their advisors before sending them to contact the prospects. Even after starting the field work, there will be a need for refresher courses about the policy related issues, improving communications skills, updating about the new policy scheme introduced.

This is also done by insurance training managers, by calling those advisors for a two or three day modules, back to classrooms from time to time. When an advisor has the task of making a prospect to understand and buy a policy, for what may happen tomorrow, the role of the Insurance Education by trained personnel is a pre requisite.




About the Author:



No comments:

Post a Comment