Definition: A professional who provides specialized guidance and advice for investment in various insurance schemes is an insurance advisor or insurance consultant.
Description: There is a stipulated fee or charge levied on the customer/ investor for the services offered by the advisor who is required to have a license for the practice of the same or the concerned qualification in this field. He is alternatively also known as insurance consultant.
An insurance advisor performs a number of functions such as intermediation, sales and other services for various transactions, compliance management, consulting or advisory role, etc.
Also See: Insurance, Guaranteed Survival Benefit, Guaranteed Surrender Value, Insurability
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