Insurance Producer

An Insurance producer is a licensed representative who gets an authorization to solicit, negotiate or sell an insurance policy according to the need and requirement of clients. Selling in this job refers to exchanging of contract in the context of insurance at the time of soliciting the employees. Overall insurance producer may be any person, individual, association, partnership or limited liability Company, legal entity or a partnership firm who has a license to negotiate or to sell insurance.

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Duties and Responsibilities

 

• Insurance sales agents act as intermediaries between insurance companies and insurance buyers, including individuals and business. They advise customers on the insurance policies that best suit their needs. Sales agents may specialize in one type of insurance coverage, such as health, property, life and auto, or they may be well versed in several forms of insurance coverage

 

• Life insurance sales agents advise and sell life insurance policies on behalf of the insurer. A life insurance policy is a contract with an insurance company. In exchange for premiums (payments), the insurance company provides a lump-sum payment, known as a death benefit, to beneficiaries in the event of the insured's death.

 

Skills and Specifications

 

• A person should have good communication skills along with strong convincing power.

• Insurance producer should be quick and witty.

• He/she should be able to understand the needs and requirements of clients, when they are looking for insurance policy.

• He/she should be capable of maintaining long-term relation with the clients.

• He/she should have thorough knowledge of all the insurance policies as well as the pros and cons related to them.