Know from whom should we buy health insurance from agent or broker.

1. Agent or Broker?

2.  Appointed by insurance company
 Approved IRDA
 Anyone who has cleared 12th
standard and has been trained
Who is an agent?

3. Who is a broker?
 Independent professionals
 Private limited company licensed
by IRDA
 Has trained individuals
 Can negotiate with insurers on
products, pricing and claim
process

4. Similarities
Both sell
But…
How Important is it for them to
sell insurance?
Insurance

5. Agents
Do not sell insurance as primary
business
They may be musicians, students, etc.
Brokers
Broking is their mainstream job
Livelihood depends on broking
Relation with insurance

6. Representation…
An agent represents insurance company.
While…
Broker represents the customer.
The Difference

7. Summarizing it up…