Honesty is the best policy!
Honesty is the best policy!!!!, especially when it comes to Insurance. I find it very sad to see most of the Insurance policies are sold without the advisor even collecting the basic information. All that is done is that the advisor gets a signature on the proposal form, and collect id & address proof!!! They sometimes dont even get the signatures on other mandatory forms!! Collecting Information on life style and family history is sometimes never done. This is the biggest crime according to me that can be done by the advisor! He is putting the entire family at a big risk which probably he or the customer is unaware of. I am not talking of the intentional mis representation done by the advisor or customer here. It is the total ignorance and lethargic attitiude of the advisor and customer I can talking about! There are hundreds of cases which are being rejected or pending for investigations across all Insurance companies.
Tomorrow when the customers family suffers, I really doubt if the advisor will be around at all. The attrition levels of the Sales Managers and advisors are huge! Hence god only save the family affected.
Best way is to ensure that each and every piece of information is carefully understood by the customer and the entire form and other documents is personally filled by the customer himself.
Insurancesathi.com
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