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Business Name: LIC Of India
Category: Business / Mgmt
Establishment year: 2018
Member since: 20th July 2018 http://www.licindia.com
What should I expect from my life insurance agent?
An agent should possess a valid license, identity proof and business card of the company represented.
An agent should provide you with information on all the life insurance products available.
An agent should understand your needs based on a judgement of your asset liability gap, annual income, standard of living and age and recommend a solution that fulfils your long term savings and protection goals.
The agent should do a risk profiling exercise to understand and suggest what kind of plan suits your need - a traditional insurance plan or Unit Linked Insurance Plan. In case, you are offered a ULIP, the agent should advise you on what kind of an investment fund fits your profile.
The agent should inform you about the premium you will have to pay for your policy and you need to be informed of the various premium payment terms and options available to you.
Your agent has to inform you of all the information required on the proposal form