When it comes to buying an insurance policy, agents are often your first point of contact. They have in-depth knowledge of the various plans and thus, they can truly guide you with your purchase decision. However, many Singaporeans often miss out on the opportunity to have a proper conversation with these agents due to time constraints. This could result in an opportunity lost – an opportunity to learn about much-needed coverage.
An insurance agent might approach a person with the following agenda:
- A desire to show the customer the importance of insurance
- An effort towards creating awareness about the growing gap in insurance
- An attempt towards educating people about the many types of insurance products
Yet, if you are busy and rushing, you might not have the time to stop and talk. Still, do not let your schedule keep you from getting educated on the importance of insurance plans. Here are some tips that will help you effectively manage conversations with insurance agents.
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a). Request a brochure
If an insurance agent approaches you with a plan, ask them to leave a brochure with you. You can peruse the details of the plan at leisure when you get done with work. Doing this is especially important when it comes to long-term plans such as term life insurance, whole life insurance, or retirement savings.
b). Ask for their contact details
An insurance agent might ask you for your contact number so that they can call you up at a convenient time to discuss suitable plans. In scenario you may feel uncomfortable to share your contact, you can request for their contact number instead, so that you may call them when you can. Insurance agents will happily oblige and hand you their contact details.
c). Request a scheduled meeting
Chances are high that you may encounter an insurance agent at a public place. These locations are not ideal for a discussion on a product as important as insurance. If you are interested in buying a plan, request the agent to schedule a meeting at your preferred location. This will give you room for a quieter, more fruitful talk. It will also give you time to do a bit of research on their company background and products.
An insurance policy should be purchased only after due consideration of all the benefits and exclusions of the plan. Remember that each of us has unique needs from insurance coverage. There is no ‘one-size-fits-all’ approach. This holds true whether you are buying pure protection products like life insurance or savings funds such as endowments. Make sure to do your research well & compare all your options thoroughly before settling on a plan.
An insurance agent can help guide you in finding the right plan suited to your needs. So, make sure to set aside some time for a meeting that will truly help widen your knowledge of insurance coverage.
We hope this article has been helpful to you. Good luck and take care.