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To become a Business Insurance Agent through Choice Connect, the individual needs to have the following requirement and qualification:
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25+Years of Experience
A corporate insurance agent is a recognised certified professional catering to the requirements of corporate or a group. As it is not possible for the insurance companies to reach out to every individual, a corporate insurance agent acts as a mediator between the two parties. ...Read More
A corporate is exposed to many risks for tangible and intangible assets and therefore, it is necessary to have them covered through an insurance policy.
Having said that, in the competitive world of corporates, it is a must to retain employees. Corporates provide insurance facilities to their employees in lieu to reduce the attrition rate. Parellely, the advantage of this is also that since it's a group insurance , the premium is on the lower side with exhaustive benefits in place.
Insurance companies have chalked out various plans and schemes that are a value addition to the organisations. But, to do so they require a professional in the form of a corporate Insurance agent as it is not possible for them to reach out to each and every client. These corporate agent are a subset of exhaustive information and knowledge to guide and acknowledge the requirements.
A corporate insurance agent acts as a trusted source representing an insurance company or on behalf of an insurance company to sell insurance policies. The corporate insurance broker has to first identify the need of the company before offering the services. He has also to take into account the number of insurers and the services offered against it.
For instance, if a company has opted for travel insurance in a year, the number of insurers , if exceeded, the agent might have to issue a fresh policy or upgrade the policy, if possible.
Corporate entities that offer these kinds of services follow an open architecture proforma herein, they can sell multiple policies. While a corporate insurance agent has its restriction one life, one non-life insurance and one health insurance company only.
Workman Compensation Insurance Policy: The policy acts as a protection for any incident taking place during or at the workplace.
Professional Liability / Indemnity Insurance Policy: Any kind of negligence, copyright infringement, personal injury, and more are covered under this policy.
Special Contingency Policy: The coverage protects from any damage caused to intangible assets or any damage caused for on-premises activities.
Group Term Life Insurance Policy: The policy covers a group of people but it is issued to the organisation to offer benefits to its employees. The employee is covered until he is associated with the organisation.
Group Mediclaim Insurance Policy: The policy covers medical health expenses of employees as well as the dependents.
Fire & Burglary Insurance Policy: Any damage caused to or within the property is covered under this policy.
In corporate insurance a number of factors need to be considered:
Until yesterday, the task of a corporate insurance broker was tedious and mind-boggling. With the digitisation, it has become convenient and hassle-free. That’s why most of the Corporate Insurance Agents are opting to associate with companies that are online and facilitate ease in documentations. Furthermore, the other hindrance is that every insurance agent cannot be an entity which is a major requirement for corporate insurance. The best way is to associate himself/ herself with a licensed service provider. Choice Connect, as an organisation offers ample opportunities to insurance agent along with simple processes.
To be a part of Choice Connect, you need to register yourself as a CBA(Choice Business Associate) in 3 simple steps:
To become a Corporate insurance agent with us:
A Choice Broking Associate needs to be:
Choice Connect provides the broker with all the necessary training and marketing collaterals required with full-fledged sales support and assistance. A CBA has the privilege to cater to all sorts of clients and provide services.Read Less