By: Sourab Verma

For most individuals, the insurance advisor is the first and sole contact with an insurance company. The advisor helps them select an insurance policy and also aids in the ensuing paperwork and documentation. Few would dispute that insurance has a vital role to play in each individual’s portfolio from the perspective of indemnifying against risks in case of an eventuality. Hence it is important to take due care while selecting an insurance advisor. In this article, we present a 5-step strategy that will help individuals in selecting the right insurance advisor.

1. Certification from IRDA The first parameter on which the advisor must be tested is the requisite qualification. Any individual who wishes to be an insurance advisor needs to be certified by the Insurance Regulatory and Development Authority (IRDA). According to the IRDA guidelines, an insurance advisor must undergo the prescribed training and pass the qualifying exam. Before seeking advice from an insurance advisor, ensure that he is certified by IRDA. Read the rest of this entry »