Knowledge of the product: Insurance brokers have a thorough knowledge of the Group health insurance products of different insurance companies. They deal with different insurance products from different insurance companies which make them a go to option for purchasing health insurance policy. An insurance broker knows in and out of the group health insurance and can suggest the client based on their requirements.
Group health insurance being a tailor made policy requires a high level of understanding and caution before purchasing the policy. For instance, a start up company may not know what kind of claims would come in the near future and this is when the expertise of an insurance broker would come into picture.
Insurance broker is liable: Insurance broker is the only insurance intermediary liable for their actions while assisting the customers. For insurance, if the customer has discussed a specific condition at the time of taking the policy and the same is not covered under the policy due to some error, then the insurance broker would be held liable. It is important to note that the insurance broker is liable for the deficiency in services provided to the customers.
Claim Support: Health claims could arise at any point of time and it is when there is a need, the requirement of an agent or broker would come into picture. Insurance brokers assign a team of their employees to serve the customer for their group health insurance policies. The insurance broker would be available 24*7 to attend to the needs of customers.
Insurance brokers assist customers in filing the health insurance claims and ensure that the claim settlement is carried out smoothly. Insurance brokers strive to reduce the claim settlement time for their customers, thereby increasing the satisfaction. The process of claim settlement is cumbersome and the customer may not be in a situation to understand and submit all the required documents in one go. This is where the insurance brokers would advise clients on the requirements to file an insurance claim and assist at each and every step of the claim settlement process.
Multiple options for customers: Group Health Insurance policy selection involves getting quotes from multiple insurance companies and finalizing the policy. This involves investing time and energy, especially for newbies or start up companies who are taking insurance for the first time.
Having an insurance broker as your insurance partner can reduce the time and energy spent in this process as we can provide the quotes from all the major insurance companies as per the requirements of the client. All the background work of sharing the data with insurance companies, requesting for Group health insurance quotes and follow up for quotes is done by the insurance broker.
Experience of dealing with different insurance companies: Insurance brokers have a vast experience of dealing with different insurance companies and precisely know which insurance company can cover what kind of risk. Also the customer would have an option of availing quotes from different insurance companies.
Having an insurance broker as your insurance partner can reduce the time and energy spent in this process as we can provide the quotes from all the major insurance companies as per the requirements of the client. All the background work of sharing the data with insurance companies, requesting for Group health insurance quotes and follow up for quotes is done by the insurance broker.
