#InsuranceProductivity

[insurance-brokers-india]

🌟 Why Do Insurance Brokers Need CRM Software? 🌟

In the competitive world of insurance, staying ahead means more than just offering great policies—it’s about building and maintaining relationships. That’s where Insurance CRM software steps in, helping brokers streamline operations, improve customer interactions, and boost sales.

✅ Centralized Data Management: Easily access client data, policies, claims, and renewals from a single platform.

✅ Improved Customer Engagement: Automate follow-ups, send timely reminders, and personalize communication for a better customer experience.

✅ Enhanced Productivity: Save time on administrative tasks, allowing more focus on nurturing relationships and closing deals.

✅ Data-Driven Insights: Make informed decisions with real-time analytics and reporting to identify growth opportunities.

Don't miss out on the edge that Insurance CRM software can give your brokerage. Learn more about how our solution can transform your operations: https://mindzen.com/

[riteshlicadvisor]

बीमा का इतिहास: विकास, उत्पाद और भारतीय उद्योग में सरकारी हस्तक्षेप

भारतीय बीमा उद्योग के सरकारी हस्तक्षेप में बीमा का इतिहास, विकास और उत्पाद के बारे में जानें। इस रोमांचकारी वीडियो में हम बीमा के मूल सिद्धांतों, प्रक्रियाओं और महत्वपूर्ण तत्वों पर विस्तार से चर्चा करेंगे। यह एक दिलचस्प जानकारीपूर्ण सा��्षात्कार है, जिसमें आपको बीमा और उद्योग के बारे में नवीनतम ज्ञान प्राप्त होगा।

[daviddanny2324]

Managing General Agents (MGAs) in Insurance Industry

MGAs have gained popularity due to their ability to provide insurance products tailored to the specific needs of niche markets.

[vedantinsurance]

[bimanow]

[generalagentcenter]

General Agent Center offers superior health products for licensed agents and brokers. Full details online at www.gacquote.com

[wealthpalofficial]

Do you aspire to become a professional Insurance Advisor? Remember, a good insurance advisor is someone with the heart of a teacher.  The insurance industry of India has 57 insurance companies - 24 are in the life insurance business, while 33 are non-life insurers. The industry holds a huge potential because India’s insurance penetration was only at 3.76% in FY20, with life insurance penetration at 2.82% and non-life insurance penetration at 0.94%. Bizstart (www.bizstart.in) is excited to empanel Deepika Jain @ Chennai, the founder of SAMRIDH ASSOCIATES, to guide aspiring insurance advisors. Deepika carries rich experience of providing insurance services across the entire spectrum of life, health, and general insurance. She also functions as a Recruitment Manager helping new aspirants looking to build their career in the field of Insurance. Deepika is associated with all top Insurance companies including TATA AIA, TATA AIG, MAXBUPA, LIC, and HDFC.  You can study the requirements to start as an insurance advisor on www.bizstart.in You can also schedule a call with Deepika Jain to tap into her rich experience in this field.  Bizstart (www.bizstart.in) is now LIVE with 300+ business options to choose from. You can explore, study and decide WHAT business to start and HOW. You can also schedule calls with experienced business owners across 21 states in India. Apply Business Intelligence and Business Acceleration to realise your business dreams. #bizstart #financialadvisor #insurance #financialplan #financialplanning #investing #insuranceproducts #businessideas #bizstartindia #insurance #lifeinsurance #insuranceagent #tataaig #maxbupa #tataaia #hdfc #healthinsurance #insurancebroker #carinsurance #finance #homeinsurance #autoinsurance #health #insuranceagency #businessinsurance #financialplanning #protection #financialfreedom #insuranceclaim #insurancepolicy #retirement (at Chennai, India) https://www.instagram.com/p/CU5OWW6sVA_/?utm_medium=tumblr

[winsurtech]

With WinsurTech's AL3 Parser (a command-line application), you can now convert AL3 files into different versions such as CSV, JSON. From individual to bulk files, this software will convert the files into a readable format. Moreover, It will then also allow you to view the data in a tree-like hierarchy.

[guptachandanassociates]

IRDAI issues guidelines on Standard Domestic Travel Insurance Product

IRDAI issues guidelines on Standard Domestic Travel Insurance Product

The IRDAI has issued guidelines on Standard Domestic Travel Insurance Product wherein issues guidelines on Standard Domestic Travel Insurance Product, Format for Customer Information Sheet and Form for filing the Standard Domestic Travel InsuranceProduct have been discussed in detailThe IRDAI has issued guidelines on Standard Domestic Travel Insurance Product wherein issues guidelines on Standard…

[insurance-brokers-india]

POSP Software for Insurance Retailers: Boosting Sales and Streamlining Operations

POSP Software for Retailers is a game-changer for those in the insurance retail industry, offering a streamlined solution to manage policies, sales, and customer interactions. This software enables Point of Sale Persons (POSPs) to sell various insurance products easily, manage client data, and track policy renewals all in one platform.

Key Benefits of POSP Software for Insurance Retailers:

Ease of Use: User-friendly interface allowing POSPs to manage customer interactions and policies without hassle.

Automated Processes: Simplifies policy issuance and renewal management, reducing paperwork and manual errors.

Product Variety: Sell a wide range of insurance products including health, motor, and life insurance.

Real-Time Updates: Stay updated with the latest product offerings and pricing from multiple insurance companies.

Sales Tracking: Monitor your sales performance, track commissions, and manage customer portfolios effectively.

Adopting POSP Software for Retailers helps businesses improve their sales process, enhance customer service, and streamline overall operations.

For more information on how POSP software can transform your retail insurance business, visit Mindzen Retail POSP Insurance Software.

[personalfn-blog]

Buy Insurance On Flipkart And Amazon Now

India’s insurance industry is warming up for two crucial changes that may have a far-reaching impact on insurance companies, policyholders, and intermediaries. The first is, you will be able to purchase insurance policies from favourite e-tailers Flipkart and Amazon soon. Even insurance intermediaries will be allowed to set up e-platforms -- websites and mobile apps for servicing and promoting insurance policies. And the second is, insurance policies will be issued in an electronic form only. The Insurance Regulatory and Development Authority (IRDA) is hopeful that these changes will lead to accessible, low-cost insurance products and improve the insurance penetration in the coming years. Moreover, service standards and efficiency towards policyholders will improve. How are the industry participants responding to these changes? Well, not everybody in the industry is happy. A few companies believe, by making these changes the IRDA is trying to shift focus from servicing to pricing. Those subscribing to this view are of the opinion that factors such as claim settlement should matter as much as pricing. While there are others who believe that allowing the sale of insurance products through e-commerce platforms and the mandatory issuance of policies in the electronic form will help insurance companies reach out to people living in remote areas, who otherwise lack access to the insurance products and services of intermediaries. So, is it advisable to buy insurance products from e-tailers? PersonalFN believes insurance is a subject matter of solicitation, hence when you buy insurance – be it a life and/or non-life policy(s) – be very clear, and opt for the most suitable product. After all, life insurance is a long-term contract of indemnity and holds immense importance to one’s financial health. Hence, insure yourself optimally to mitigate the detrimental impact on the family’s long-term financial wellbeing. And about the electronic storage of policies... For the time being, the rule of issuing electronic policies applies only to new policies. Current policyholders can continue to hold existing policies in physical form. However, there is a possibility that insurance companies may allow some discount on the premium, if you agree to receive the policy only in electronic form. So, keep you’re an eye out for such developments. e-Insurance Account (e-IA) will serve just as your demat account, where all policies (both life and non-life) in your name will be stored. Moreover, at least once a year, the insurance repository will communicate to you regarding all activities in the account. Insurance repositories will be the agencies doing a job of a custodian for your insurance policies, as it is done in the case of Shares by the NSDL and CDSL. For insurance policies, agencies such as NSDL (National Insurance Repository), CDSL (Insurance Repository) will provide a similar service. You can assign a representative to handle your e-IA. Moreover, holding policies in electronic form will do away with the need for preserving original policy papers all the time. Final word... PersonalFN is of the view that, although these are crucial developments, the basics of buying insurancedon’t change. So, you can buy from e-tailers if you’re mindful of these aspects.

This post on " Buy Insurance On Flipkart And Amazon Now " appeared first on "PersonalFN"

[surveycircle]

Participants needed for online survey! Topic: "Understanding insurance better" https://t.co/1vqK7MCHvm via @SurveyCircle#insurance #finance #ConsumerBehavior #ConsumerHabits #InsuranceProducts #survey #surveycircle pic.twitter.com/2fmve2x27J

— Daily Research @SurveyCircle (@daily_research) June 15, 2020

[americafuneral10-blog]

Homesteaders Recognizes Top Producers at 2018 Leaders Conference

West Des Moines, Iowa — Homesteaders Life Company, a national leader in pre-need funeral funding, held its annual Leaders Conference March 5-9 at the Secrets Resort & Spa in Cap Cana, Dominican Republic. The event is held to recognize and reward pre-need sales achievement by the company’s top producing agents and marketing organizations from the prior year.

“Congratulations to all of this year’s Leaders Conference qualifiers,” said Steve Lang, Homesteaders Chairman, President and CEO. “Homesteaders is pleased to recognize our highest achievers for their outstanding contributions to the company’s success and the exceptionally high level of service they provide to our funeral home customers and the families they serve.”

2018 Leaders Conference Major Award Winners:

Preneed Funeral Program, Inc., Agency Achievement Award/Total Volume and Total Paid Annualized Premium – Presented to the organization that had the highest Leaders Conference volume and paid annualized premium in 2017.

Brion Seward of Progressive Planning, Inc., Individual Achievement Award/Total Volume and Total Paid Annualized Premium – Presented to the counselor with the highest Leaders Conference volume and paid annualized premium in 2017.

Candice Van Liere of Pioneer Enterprises, Persistency Award – Presented to the Leaders Conference qualifier with the highest 12-month persistency in 2017.

Merle Neal of Preneed Funeral Program, Inc., Graham J. Cook Promoting the Value of Funeral Service Award – Presented to the Leaders Conference qualifier with the greatest increase in Leaders Conference issued policies over the previous year.

Jeff Courtad of Premier Planning, Rising Star Award/Total Volume and Total Paid Annualized Premium – Presented to the counselor contracted in 2017 with the highest Leaders Conference volume and paid annualized premium with persistency equal to or better than the company standard.

Homesteaders Life Company, a 110-year-old mutual company, is a national leader providing life insurance products and services to promote and support the funding of advance funeral planning and end-of-life expenses.

The post Homesteaders Recognizes Top Producers at 2018 Leaders Conference appeared first on Connecting Directors.

Homesteaders Recognizes Top Producers at 2018 Leaders Conference published first on YouTube

[wealthpalofficial]

“As a financial advisor, you don’t just manage money. You manage relationships with people. You are the quarterback of your client’s financial team.” Do you aspire to become a professional financial advisor? Bizstart (www.bizstart.in) is excited to announce that Samir Shah, founder of MoneyMonk Financial, a paperless online platform designed for ease of investing, is empanelled with Bizstart to guide aspiring financial advisors and mutual fund distributors. Over the span of his 19-year long career, Samir has expertly managed businesses of both Assets and Liabilities, like Business Banking, Trade Finance, Mortgage, Wealth Management (Mutual Funds, Structured Products, AIFs, and Insurance).  You can schedule a call with Samir Shah on www.Bizstart.in to tap into his rich experience in this field. Bizstart (www.bizstart.in) is now LIVE with 245+ business options to choose from.  #bizstart #financialadvisor #mutualfunds #investing #insuranceproducts #businessideas #bizstartindia https://www.instagram.com/p/CQgCIyAFmnq/?utm_medium=tumblr

[takshilalerning]

Small Finance Banks

For online test series of Banking Awareness, click general awareness for banking exams.

Regulations:

Small Finance banks must have to obeystricter regulations as formulated by RBI:

– The banks must use the word “small finance bank” in its name.

– Small Finance Banks cannot set up subsidiaries on its own to undertake non-banking financial service activities.

– 75% of bank’s Adjusted Net Bank Credit (ANBC) should be provided to the priority sector as defined by RBI in PSL guidelines.

– Maximum loan size to a single individual person cannot exceed 10% of its total capital funds; and cannot exceed 15% in the case of an entity/firm.

-50% of small finance bank loans should comprise ofatleast loans and advances of up to25 lakhs.

– Small banks can provide all kinds of financial services like distribution of mutual funds,pension products, insuranceproducts, and so on, but not without prior approval from theRBI.

– Small finance banks will have to follow all the norms and regulations of the RBI as there onthe existing commercial banks. It includes maintaining CRR and SLR.

– The minimum capital required to open small finance bank is 100 crores.

-A promoter’s minimum initial contribution to the paid-up equity capital of small finance banks should be at least 40% which can be further brought down to 26% within 12 years from the actual date of commencement of bank operations.

– A small finance bank can be transformed into a full-fledged bank, only after getting RBI’s approval.

– A fundamental requirement is that small finance banks must have 25% of their branches set up in unbanked rural areas.

Register with Talshila learning for more informative topics, banking exams notifications, IBPS and SBI online classes, Online classes for IBPS, online classes for banking.

For a FREE DEMO call @ +91-88009-99280

[insurance-brokers-india]

What Does a POSP Insurance Agent Do?

A POSP insurance agent is a trained and certified individual who sells insurance products directly to clients. They can work with various insurance companies to provide customers with the right coverage for their needs.

Types of Insurance Products a POSP Agent Can Sell:

Car Insurance: Covers accidental damage, theft, and repairs for personal vehicles.

Motor Insurance: Protection for two-wheelers, commercial vehicles, and fleets.

Health Insurance: Helps cover medical expenses and hospitalization.

Travel Insurance: Covers trip cancellations, lost luggage, and medical emergencies during travel.

Home Insurance: Protects against natural disasters, fire, and theft.

Personal Accident Insurance: Provides financial compensation for injuries or death due to accidents.

Using digital platforms like Mzapp Retail POSP, POSP agents can streamline policy management and reach a broader customer base. Learn more about how to become a POSP agent and start selling a wide range of insurance products!