Hi am a Sales Manager in a Life insurance company in India an this is my first job?

February 8th, 2010 by admin

3 Responses to “Hi am a Sales Manager in a Life insurance company in India an this is my first job?”

1. taylor lautner Says:
   February 8th, 2010 at 5:47 am

   Best Answer – Chosen by Voters I have a totally different view on the insurance industry.Insurance industry people have sold ULIPs to people showing them dreams in daytime. They promised to double the money in 3 years flat. Sales people never ever told the buyer about the charges of the policy & many ignorant investors bought in faith. This trick worked in the bull market as if someone checked the portfolio, he found little loss (though no one could see that the investment is recovered in ULIP). But condition is different now. If the charges of the policy eat the investment by say 40% in first year & then further 50 percent due to drop in NAV , person is left with 30% of investment & he is shocked as he was never told of about 40% initial charge.(He too is party to it as he did not bother to check the charge when buying).Also there were people who were sold ULIP as a 3 year product(Double in 3 year!!!!!) & they are checking the portfolio for the first time to withdraw the policy & they are realizing that they are even not able to recover half of the investment & this damage is mostly due to the initial charges imposed by the insurance companies. This is moment of truth for that person & he will tell the same story to each & everyone he is in touch & ULIPs get more bad publicity.I have a very strong view that one should not mix investment & insurance. Insurance is very essencial part of financial planning & one should buy sufficient term insurance. Investment on the other hand should be done by PPF(true tax free return) & Mutual funds(which are very cheap product). I can never advice anyone to purchase ULIP except if someone is not a disciplined investor & if buying a relatively low cost ULIP for a longer term of more then 15 years. Now what should insurance industry do? They should sell term insurance & should help to strengthen the social security in true sense. I know that people are brainwashed by LIC for years that insurance product should have a return component. Policy decision to market term insurance can not be teken at your level but you can make a start.

2. Vanessa Hudgens Says:
   February 8th, 2010 at 5:47 am

   hi m also a agent from last 4 months but i cant sell even a single policy becoz of no time i hv but i'm not worry. dont be worry abt it u can do it, thy r our bosses thr job is to command us force us to do Work. just thy r doing n u do ur works. at last must get success. another point is this u r new in this filed n this is ur fst job.so just do ur work regularly n folow ur clients. in these day share market is on down thts y money invested into ULIP plans low. u said to ppl tht this d rit time to invest into share market now u get more UNITS in ULIP plan. this is d best to sell plans and also true. may it will help u to sell plans. may GOD bless u n u get a plan today or tomorrow.hv a nice dayn par 4 me so i get time to do work.

3. miley cyrus Says:
   February 8th, 2010 at 5:47 am

   It is not necessary that every people you approach purchase a polocy. Don't worry if a client rejects your proposal. Listen to their objections carefully. That will help you to prepare for next encounter. Prepare notes on thier objections. Do not expect to be an expert in a single day or a month. Have patiencegood luck!!!

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