Importance of having a good health insurance advisor in India


4 min read

Insurance is a tricky subject with several jargons and complicated terms and conditions. Thus, you need a good Health Insurance advisor to make insurance easily comprehensible. Find out more in this post.

The inclusion of several jargons and complexities make insurance a tricky subject making some customers confused and keeping them away from buying it. However, the need for health insurance, especially in the present situation of rising healthcare inflation is crucial.  This puts people in a position where they cannot make a decision on finalizing a policy even after enough research. If you too are in a similar situation, it’s time to seek advice from a reputable health insurance advisor.

In this post, we are discussing insurance advisor meaning and what exactly the health insurance advisors do to support individuals in making the right insurance choices.

Who Are Health Insurance Advisors and How They Help Policy Seekers?

A health insurance advisor is the person who helps a policy seeker to choose the right policy or to make the right decision while purchasing a policy. Health insurance advisors have in-depth knowledge about health insurance policies and the overall health insurance industry. Hence, they make it easy for customers to understand the complicated jargons of health insurance.  Let us discuss below the various advantages of taking advice from a good health insurance advisor while buying a policy.

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5 Benefits of Consulting a Good Health Insurance Advisor

As discussed above, a health insurance advisor is an expert in the insurance industry and has enough knowledge to resolve all your queries and questions. Below are some benefits of having a health insurance advisor by your side.

  1. They Have In-Depth Knowledge of the Insurance Industry – Health insurance advisors are experts with extensive knowledge of the standards of the insurance industry. They have years of experience and research-based knowledge with which they guide policy seekers. They work with their best ability and are aware of the insurance industry principles. Thus, they could resolve all the queries of policyholders and help them make the best insurance and investment decision
  2. They Have Extensive Product Knowledge  – Health insurance advisors are aware of complete and total information about each and every insurance product. Thus, they can easily evaluate your health insurance needs and accordingly support you in understanding the terms and conditions of the plan such as features, exclusions, advantages and so on. Further, you may not require to do your own research while purchasing a plan and can rely on your insurance advisor
  3. They Understand Customer Needs – Besides having good industry knowledge, a health insurance advisor also has a profound understanding of your medical requirements. Thus, they can offer the right guidance as per your health insurance needs, the coverage required and as per your budget.
  4. They Make the Purchase Process Hassle-Free – Depending on the insurance provider, the buying process of an insurance differs. Further, it also depends on the mode of purchase – online or offline. Having a health insurance advisor will help you choose the finest coverage along with assisting you from start to end of the process. Thus, people who are not familiar with online mode and the insurance sector can get better guidance.
  5. They Work to Bridge the Gap Between Insurer and Policyholder – Another important role that health insurance advisors play is that of intermediary between the policyholder and the insurer. The advisor with all his/her qualifications will assist both parties to know each other’s perspective and address issues (if any). They will communicate your concerns to the insurer to get assured support.

To Sum Up

The health insurance industry is a vast field that undergoes transformation on a daily basis. For laymen, understanding these changes as well as keeping track of such updates is difficult. Some such alterations may be so complicated that you would not understand anything about them. In fact, these alterations would further confuse you about buying health insurance. Hence, it is good to have a health insurance advisor to help you streamline the process of buying the best health insurance policy with minimum discrepancies.

So, if you are a novice in the field of insurance and facing difficult insurance situations, search for an insurance advisor near you for best guidance. However, make sure to look for licensed insurance advisors and don’t get tricked by frauds.

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FAQs on Importance of Having a Good Health Insurance Advisor

What are the benefits of having an insurance advisor?

Here are some benefits of having an insurance advisor by your side: 

They help you to save money
They help in saving your time
Allow you the freedom to explore various policies from varied insurers 
Allow you the option of receiving customized services
They make insurance simple to understand

What is the importance of health insurance?

Health insurances are important because they offer coverage against various medical emergencies, illnesses and other medical treatments. They secure a policyholder financially during any unforeseen situations related to health. 

What is the job role of an insurance advisor?

An insurance advisor provides financial advice to clients on various investments such as retirement plans, savings plans, tax deduction policies and other investments. They also protect the investor against several risks. 
Insurance advisors do complete analysis of financial needs with their clients, including analysis of assets and liabilities, tax status, insurance needs and so on.

Is there any difference between an insurance advisor and an insurance agent?

An insurance advisor works with multiple clients as well as multiple insurance companies. Thus, they offer broader scope of options and insurance solutions to their clients as per requirement. 

On the other hand, an insurance agent generally works for a particular insurer. Hence, they only offer  products that the particular insurer is selling.

How Can one become a successful health insurance advisor?

Following are the best practices to become a successful insurance advisor:

Try to put the needs of your client first
Be persistent and honest in your work
Gather comprehensive product knowledge, including technical knowhow
Don't spew out all features at once
Always try to learn new skills

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Dec 13, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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