Sumedha Journal of Management
  • Year: 2015
  • Volume: 4
  • Issue: 4

Life Insurance Business-Changing Role of Intermediaries

  • Author:
  • Jasti Ravi Kumar
  • Total Page Count: 6
  • Page Number: 61 to 66

Department of Commerce, University College of Commerce and Business Management, Osmania University, Hyderabad, Telangana State. Email Id: rkjastiou@gmail.com, rkjastiou@osmania.ac.in

Online published on 16 January, 2016.

Abstract

An insurance intermediary is a person or a company that helps in buying insurance products by public. They are insurance agents, insurance brokers and financial advisors. Insurance intermediaries are legal entities and individuals who offer or conclude insurance. An insurance intermediary is a person or a company that helps in buying insurance. An insurance intermediary includes individual agents, corporate agents including banks and brokers. They intermediate between the customer and the insurance company.

Keywords

Insurance, Agents, Direct selling, Private sector, Public sector