Insurance Advisors at Policybazaar are IRDAI certified experts who help you navigate to the best protection plan (term plan) for your family’s financial security. They provide professional guidance, personalized recommendations and ensure that customers make well-informed decisions tailored to their unique needs and aspirations.
Let’s learn more about the support provided by Policybazaar’s Insurance Advisor in this article.
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Insurance advisor is an expert, who is certified by IRDAI, and provides guidance and customized recommendations to individuals and businesses seeking insurance coverage. They assess the specific insurance needs of their customers and help them select the appropriate policies to protect against financial risks. An Insurance advisor is also known as an Insurance Agent or Insurance Consultant.
In simple words, an insurance advisor meaning is a trusted professional who guides you in the domain of insurance. They help you understand what is term insurance and also solve all your queries regarding a pre-existing or new policy. They give you customized advice on which insurance is best for you and solve your doubts about it. They help make sure you have the right insurance to protect you and your things. You can either contact them online or visit one of the Policybazaar 180+ walk-in stores across the country for personalized help.
Now that we have discussed the insurance advisor meaning, let’s understand how they help you in buying term insurance.
Now that we have understood the insurance advisor meaning, let’s learn how Policybazaar’s Insurance Advisor helps you in buying term insurance:
Step 1: Initial Consultation
Visit the term insurance page on Policybazaar’s website or app after entering your basic details.
Choose the option to get a call or chat with an expert and a dedicated PB Advisor will be assigned to you.
PB Advisor will understand your financial goals, requirements and personal details i.e. family size, dependents, income and health status.
Step 2: Understanding Your Needs & Personalized Recommendations
Based on the information you provide, the advisor assesses your needs and guides you with the cover amount (Sum assured) and coverage period (Policy Term) required to protect your family.
The advisor suggests valid plans that meet your requirements. These recommendations include factors like coverage, premium budget, additional benefits etc.
Step 3: Plan Comparison and Finalizing a Plan
You receive a comparison of different term insurance options offered by various insurance companies.
The advisor explains the pros and cons of each plan, helping you understand the differences and choose the right plan.
Once you've chosen a plan, the advisor helps you in booking it and fills out the application form accurately.
They guide you through any medical examinations if any and documentation required by the insurer.
Step 4: Guidance During Policy Issuance
The advisor is in constant touch with you during the policy assessment period (i.e. when the insurance company checks all your details and documents) , ensuring that you are able to complete all the formalities in time.
Once your application for policy purchase is approved, the advisor also makes sure that your term insurance policy is issued correctly.
Step 5: Claim Process Explanation & Ongoing Support
The advisor briefs you on the claim process, detailing the steps your beneficiaries (nominees) need to follow in case of a claim.
Even after purchasing the policy, the advisor remains available for any questions, updates, or modifications you may need.
**Note: All the calls that you have with our Advisors are on 100% recorded lines, this is to ensure that advisors are giving you the right information.
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Policybazaar has a dedicated team to assist on term insurance claims, this team caters to customers 24x7 and helps the policyholders’ grieving nominees/loved ones get their claims settled in a quick and hassle-free manner in their time of need.
You can connect to Policybazaar’s Insurance Advisor in both Online and Offline modes.
You can go to the official website of Policybazaar and contact their advisor directly by calling them in the given numbers:
For New Customers: 1800-419-7713
For Policybazaar’s customers: 1800-258-5970
For NRIs: +91 124-6656508
You can visit the walk-in stores of Policybazaar to directly consult the advisor regarding life insurance queries and doubts. There are 180+ walk-in stores of Policybazaar all over the country from where you can seek assistance.
Insurance Advisors offers guidance, claim assistance, such as documentation assistance and policy review, as well as proactive communication, thereby ensuring that policyholders’ nominees receive their rightful claims efficiently and without unnecessary delays or disputes. Let’s understand some of the benefits of consulting an insurance advisor:
Expert Guidance: Policybazaar's Insurance Advisors provide expert guidance throughout the life insurance claims process, ensuring policyholders understand the necessary steps and requirements.
Documentation Support: In case of claiming benefits, Insurance Advisors assist in gathering and organizing the required claim documents, reducing the chances of errors and claim rejection. The life insurance advisors assist in filling out claim forms accurately, reducing the chances of errors that could lead to claim rejection. They further review the policy documents to ensure that the claim being filed is covered under the policy terms and conditions, thereby, preventing claim denials.
Effective Communication: They act as intermediaries, facilitating clear communication between policyholders and insurance companies, streamlining the process. The life insurance agents act as a bridge between the policyholder and the insurance company, facilitating effective communication and negotiation during the claims process.
Claim Tracking and Follow-up: Insurance Advisors also help track claims and persistently follow up with insurers, expediting settlement and reducing delays. PB’s Life Insurance Advisors also help policyholders’ nominees track the progress of their term insurance death claims, providing updates and ensuring that the claim settlement process remains transparent.
Customer Advocacy: Advisors prioritize the policyholder's interests, advocating for their rights and ensuring they receive fair and timely settlements. The PB life insurance consultants further ensure that the policyholder is satisfied with the outcome and assisting with any further requirements.
Policybazaar's Insurance Advisors are a unique blend of expertise, customization, and dedication, making them suitable help for your insurance journey. Let’s understand in detail why they are unique from other advisors:
Dedicated Guidance: The advisors are not tied to any specific insurance company, ensuring you receive impartial guidance and advice tailored to your needs.
Comprehensive Expertise: With in-depth knowledge of various insurance products and 5+ years of industry experience, the advisor can guide you through a wide range of options. They also have market insight and keep a check on all latest insurance trends and offerings, ensuring you're aware of the best options available.
Personalized Approach: The advisor takes the time to understand your individual circumstances, ensuring recommendations align with your goals and priorities. They also explain complex insurance terms in simple, easy-to-understand language, making the decision-making process clearer.
Efficient Comparisons: By presenting multiple options, the advisor enables you to compare policies efficiently and make well-informed choices. Moreover, they strive to find solutions that meet your requirements and budget.
Continuous Support: From initial consultation to policy purchase and beyond, the advisor offers ongoing assistance, ensuring your coverage remains relevant. They also give you the freedom to explore your options without pressure.
The advisors are like helpful companions who support you in all insurance-related queries. They make buying insurance easy, guiding you to the best choices that fit your needs. With their support, you can feel confident about your insurance decisions and stay protected.
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