...Role of Service Insurance Agents In: Business and Management Role of Service Insurance Agents rRole of an insurance agent / broker Insurance agents and brokers play an important role in marketing life insurance policies. They are the face of the insurance company.Most of the insurance policies world over are sold by insurance agents and brokers. From the insurance company point of they are the marketing and selling agents for their insurance plans. The following are the basic function they should perform. -Provide all the necessary application forms. -Submit application forms to the company. -Arrange for all the medical tests and related formalities. -Provide reminders premiums payments and return receipts. -Should help you make necesary changes in address ,nomination etc. -Help in the process of assignment -Assist you for any loan applications and related formalities -Should help you revive lapsed policies -Assist in claiming death benefits, if required ____----- ROLE OF AN INSURANCE AGENT The role of an insurance agent is to supply a comprehensive policy which will provide adequate protection in the event of a loss on your new home. It should offer coverage for your dwelling, personal property, loss of use, and liability. The amount of insurance should be equal to the replacement value of the dwelling. A bank or mortgage company cannot require insurance in excess of the dwelling replacement cost. The insurance agent can help you to calculate...
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...Problem Resolution: Key to Customer Satisfaction and Retention Student Name University of Phoenix Foundations for General Education and Professional Success Gen 200 September 17, 2010 Resolution: Key to Customer Satisfaction and Retention Customer retention always has been a major concern for banks. Despite the initiation of many strategies to improve customer satisfaction, a revolving door still exists. In thise paper I will examine the cause of customer attrition, the effect technology has on customer satisfaction, and a possible solution for the problem of customer retention. The Rrevolving Ddoor Thousands of banks operate in the United States, all of them offering the same products with little variation or distinction from one bank to the other. Non-traditional banks and other financial institutions compete with bank customers by offering the same products as banks. Banks must be exceptional to compete with their competitors and acquire and retain new customers (Fest, 2005). Good! Most customers choose a bank for its the quality of service. Many will even pay a higher premium for preferred treatment. Long wait times, rude customer service representatives, and high fees go a long way to making customers unhappy. To combat thesethe problems banks have implemented schemes such as greeters or lobby managers to direct lobby traffic, on-stage behaviors employees must follow in customer contact areas to delight customers and low or no fee...
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...rRole of an insurance agent / broker Insurance agents and brokers play an important role in marketing life insurance policies. They are the face of the insurance company.Most of the insurance policies world over are sold by insurance agents and brokers. From the insurance company point of they are the marketing and selling agents for their insurance plans. The following are the basic function they should perform. -Provide all the necessary application forms. -Submit application forms to the company. -Arrange for all the medical tests and related formalities. -Provide reminders premiums payments and return receipts. -Should help you make necesary changes in address ,nomination etc. -Help in the process of assignment -Assist you for any loan applications and related formalities -Should help you revive lapsed policies -Assist in claiming death benefits, if required ____----- ROLE OF AN INSURANCE AGENT The role of an insurance agent is to supply a comprehensive policy which will provide adequate protection in the event of a loss on your new home. It should offer coverage for your dwelling, personal property, loss of use, and liability. The amount of insurance should be equal to the replacement value of the dwelling. A bank or mortgage company cannot require insurance in excess of the dwelling replacement cost. The insurance agent can help you to calculate the replacement value of your new home. Although provisions of the basic homeowner contract are...
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