Insurance plans refer to the different types of insurance policies which are used to insure a person, an item or organization, whereby the insurance firm pays the insured party for damages to the insured item in return for a regular premium amount. Every person has different insurance needs. Some may want to have medical insurance while others give priority to auto insurance and some need both.
Insurance plans are flexible and ever changing in order to suit the requirements of the people and the agent comes up with these plans to attract more and more people to their firm. By customizing the insurance plan according to the needs of the customer, the firm can hope to get more customers and better profits. The agent sits down with the customer and makes the latter aware of the various terms and conditions of the plans and after a discussion and keeping in mind the customer’s budget, an insurance plan is selected.
[Also Read: Insurance Agreement]
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