✒️*𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗬𝗼𝘂𝗿𝘀𝗲𝗹𝗳*

Most professionals perceive investment in professional education as an expense & not an investment. ✔️Most people look towards their employers to invest in professional education rather than investing their time & money. ✔️Most people fail to recognize that in current technological landscape constant reskilling & upskilling is a must. The technology is moving at a more rapid pace than ever before. ✔️People fail to recognize that they themselves are their most important asset. In the current competitive job market the importance of higher education is more than ever before. ✔️Continuous education should be an integeral part of professional life whether it is reading books 📕, taking courses, achieving certifications, attending conferences/ webinars etc. ✔️Higher education helps develop network and often gives chance to meet senior industry leaders which further helps in expanding network & improve leadership skills💡. Pl. visit https://bimaschool.com to get access to best insurance courses for your career progression & growth. BimaSchool has partnered with international institutes like The Institutes® and Chartered Insurance Institute (CII) London, to bring the best industry courses to you at a competitive price.Your text

Women👩 and Insurance Premium!!!!!

When it comes to driving, men are stereotypically believed to be safer drivers compared to women. At least, men themselves believe this, if not anyone else ☺️. However, the truth is that women drivers drive more safely than men drivers. When it comes to motor insurance 🚗 gender plays an important role in determining the insurance premium.  The insurance premium is based on your likelihood of meeting a loss or damage, and in many regions, women drivers pay far less premium compared to men. This is partly because women drivers are less like to be involved in risky driving behavior and even if they do meet an accident, in many cases, comparatively, it tends to be a smaller accident in terms of the damages/claim amount involved. ✔️Is this the time for insurers in India to discriminate premium motor insurance premium based on gender 🧑‍🤝‍🧑 ? ✔️Or do you know any carrier in India already doing it? ✔️Or you think gender discrimination is not required in determinination of insurance premium? ✨Looking forward to your comments, opinions, thoughts!💡.

Why do we need Insurance Agents?

An insurance agent is one the most important person in the entire insurance value chain. Insurance selling involves a personal touch. It is true that most of the younger generation people like to navigate through the web to get their insurance, but the ROPO strategy (Research Online Purchase Offline) remains popular. People may want to search for insurance information online, but when it comes to buying a coverage, they prefer interacting with a known Agent, who can answer their queries directly; and provide a more satisfying experience. Here is why the insurance agents will remain relevant:

1-
Competing the application

The agent will assist you in filling the application and help you in understanding the fine prints in the policy terms and conditions. More often the claims may be denied because the application was inadequately filled.

2-
Quicker and transparent interactions

 The interaction with an agent is quicker, personalized and transparent compared to other channels of distribution. It is easy to connect face to face or otherwise with an agent any time during the policy term.

3-
Competent and well trained

An insurance agent has undergone requisite training and is more competent to give you the right advice based on his education and experience. By virtue of his insurance qualifications and designations he can suggest the plans and policies to the customer better than any other individual .

4-
Well experienced

The nature of Insurance contract is different from other products and difficult for a layman to understand. Insurance contracts are Contracts of Adhesion meaning that the terms and conditions are drafted by and the other party i.e. . It is offered ‘take it or leave it’ basis and the insurers have On top of that you have complex conditions like those specific provisions, rules of conduct, duties, and obligations. There is a great need for someone who is familiar with to explain the conditions and the consequence of non-compliance of the contract.

5-
Fair Comparison

 The Online sellers and price comparison websites differentiate the products based on the prices which is governed by the coverage and the limits. Insurance company standing, corporate governance, ethics, values and other performance factors like turnaround time, claim settlement ratio, loss ratio etc. are unfortunately not considered during comparison. You need an Intermediary who is out there in the market interacting with different stakeholders and can help you in choosing a carrier who is well suited for your unique needs.