Calculate Needs Before Buying Insurance

Insurance mis-selling is prevalent and is damaging the development of the industry. In fact, majority of insurance experts accepted this fact on various occasions. Generally, intermediaries are the first to be responsible for it especially an agent who sells only those products that earn maximum commission. It is considered as the most popular reasoning in Indian insurance sector. However, there are various other reasons why a customer ends up purchasing a wrong policy. It means that it is not always mis-selling but sometimes mis-buying’ as well.
It may happen because of lack of awareness, buying insurance just to save tax and using policy as a tax saving tool. Some challenges are also experienced by financial planners as well to convenience customers why a product is correct for them, to get the right and full information from them for exact assessment of their profile and portfolio. To handle these procedural challenges, a few years ago, Insurance Regulatory and Development Authority had proposed doing a customer need analysis’ before selling a life insurance policy. In January 2012, IRDA’s draft guidelines introduced and also proposed a mandate on intermediaries and the insurers to fill-up a standard need-analysis worksheet of the buyer before it affects sale of term insurance.
It was to make sure that the plan which is proposed to be sold is suitable for the prospect and fulfills policyholder’s requirements. Also, this is aimed at handling under-insurance and is widespread among insurance customers. Though, the proposal has not been implemented in the proposed format, a few insurance companies in India have introduced a few need analysis features. Different needs arise at different age stages, so this tool works by understanding the life stage customer is at, single, married, married with a child, nearing retirement and life after retirement are some very common stages in a product matrix.
Protection requirements are analyzed when customers have chosen life stages. For example, person with a child has more insurance needs as compared young, single person who does not have any dependents. These protection requirements reduce when dependents become independent and loans are paid. Customer’s next step should be assessing their targets and motive of purchasing insurance. Do you want to buy a policy for child’s future education requirements or accumulate a corpus for post-retirement life? Do not forget that the need for investment and savings are connected to the achievement of different financial goals and the plan customer buy must be able to fulfill these needs.
Generally, the need for regular income arises after retirement and customers also need more health cover with advancing age. The analysis tool will help buyers to calculate exact needs as per their goals and prioritization. There are several online tools available for goal-based long term wealth creation, retirement planning and health insurance requirements. A pension plan will be more important as compared to short-term goals such as buying a vehicle or a foreign tour. Those who do not have sufficient life insurance coverage should buy addition protection in terms of rider plans.

Health And Beauty Turnkey Websites – Why Buy One?

A health and beauty turnkey website can be a great option for marketing your business online and increasing the amount of sales and revenue generated. They are ideal for people in the health and beauty industry such as beauty therapists, makeup artists, nutritionists and others who are keen on increasing the number of people they reach as well as increasing the amount of sales.

There are many advantages that come with purchasing a health and beauty Turnkey website. First it exposes ones products and services to the online community which consists of millions of people from all walks of life. It also helps one to take advantage of the visual and video marketing options that internet marketing offers. You can put up videos describing the qualities of particular products and explaining how they work.

It also makes the shopping process easier for your customers since they can view details of products and make purchases from the comfort of their home. As a result, most customers who purchase an item also end up purchasing another item from the same website and making repeated purchases once the product has run out.

Many health and beauty turnkey websites also come with built-in and pre-configured affiliate programs such as Amazon, Adsense, Infolinks, adBrite, Chitika, and ClickBank. This can earn you extra revenue. For example, every time someone clicks on an AdSense Ads on your website you earn some money between a few cents to quite substantial amounts depending on how popular your site is. The person does not even need to purchase anything, they just click on an AdSense Ad and you make money.

The websites will also come with already made design and industry-optimized texts or Search Engine Optimization (SEO) content. All you have to do is customize your affiliate details and your website is ready for use. They are easy to operate and do not require that one possess programming skills or experience to operate since the tools necessary to run your website are already built into the hosting server with some of the programs being self-updating. Other features offered by the websites include virtual shopping carts, inventory, sales log and ability to accept a wide variety of payment options from one’s customers as well as secure credit card transactions which help to increase the amount of sales.

Once you purchase a Health and Beauty Turnkey Website it reduces the amount of time that you would otherwise spend stocking and selling the products since your customers do their shopping without requiring your assistance. This means that you have more time to focus on other things like starting a new business, it also enables you to work from the comfort of your home.