Why one should choose insurance broker?

April 4, 2019by Deepak Arora
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At end  of FY 2019-20, There are 34 Non Life Insurance companies and 24 Life insurance companies operating in India. One of every these insurance companies, at minimum, has over 10 nature of products in every insurance category.

As Insurance industry itself often says “ Insurance is subject matter of solicitation”.  Solicitation for what is best available  in such a wide & complex industry is not an easy task where ultimate goal is not purchase but in order to receive financial support if any claim arises.

This is what broadly underlines, necessity & importance of insurance broker.

Insurance industry in India was made open for private sector by Government through Insurance Regulator named as “Insurance Regulatory Development and Authority of India(IRDAI) in year 2000. Thereafter Insurance Broker concept was in year 2002 through Insurance Brokers Regulation 2002 and further amended in 2003. These regulations clearly define function and code of conduct of an insurance broker.

The power of insurance broking services

Using a insurance broking services costs you less compared to that of going for a face to face meeting. As they are being managed by the insurance companies, initially there won’t be any charges that you might want to suffer.

A broker will be responsible for making sure any optional extras or cover not included within your policy are transparently disclosed to give you a clear cut idea for the level of cover that is expected to offer.

Your broker will always assist you in obtaining the best deals available on the market. Also all related claims are dealt by the broker to save you the inconvenience caused which can a difficult and frustrating process. So why wait! Go and grab one of the handpicked insurance brokers that a re available in the market right now.

Deepak Arora

The co-founder of Orange Capital, a pioneer with 25 years of overall experience in the insurance broking industry. Before the inception of Orange Capital he was associated with The New India Assurance Company Limited for 14 years.

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Principal Officer : Deepak.Arora@orangecapital.in
Sales & Support : Deepak.Chauhan@orangecapital.in
Media/ Grievance/Enquiry : Nandita.Kapoor@orangecapital.in
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Orange Capital Insurance Broking Private Limited,
Ground Floor, S-145, Uppal South End
Sohna Road, Sector-49, Gurugram, Haryana-122001

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Second Floor, K-5A/9, DLF Phase-II,
Near Vatika City Point, MG Road,
Gurugram, Haryana-122008
GET IN TOUCHOrange Capital Social Links
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ORANGE CAPITALConnect with us
Let’s grow together with the warmth of mutual trust and support for a better future.
OUR LOCATIONSWhere to find us
GET IN TOUCHOrange Capital Social Links
Feel our social presence that seamlessly covers key insurance indicators.

IRDA Registration Number : 704 | CIN : U66000HR2019PTC082383 | Category : Direct Broker (Life & General including Health) | License Period : 17-04-2020 to 16-04-2023

IRDA Registration Number : 704
CIN : U66000HR2019PTC082383
Category : Direct Broker (Life, General, Health)
License Period : 17-04-2020 to 16-04-2023

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