What will be salary as insurance advisor

Ans: Hi P, you can opt for Term insurance policies but given your age, the premiums for the same will be high. Check with few insurance companies and then decide for the best plan.

Ans: which options?

A career in insurance involves a combination of gaining relevant education, acquiring practical experience, developing key skills, networking, and continually seeking opportunities for advancement.

1. Make sure you have the necessary certifications such as Chartered Property Casualty Underwriter (CPCU), Associate in Risk Management (ARM), Chartered Life Underwriter (CLU), or Certified Insurance Counselor (CIC), depending on your area of interest within the insurance industry.

2. Familiarize yourself with industry-specific software and tools used for underwriting, claims processing, and risk assessment.

3. Become a member of industry associations such as the Insurance Institute of America (IIA), Professional Insurance Agents (PIA), or National Association of Professional Surplus Lines Offices (NAPSLO).

4. Develop leadership skills, take on additional responsibilities, and demonstrate your value as a proactive and capable employee.

Ans: Your financial foundation is solid.

Insurance: You already have Rs. 1 crore term insurance and PSB health cover—this is good.
Loan Repayment: Rs. 3 lakh loan isn’t a big burden. If interest is above 9%, prepay it soon. Otherwise, continue EMIs and invest extra in mutual funds.
Next Steps: Focus on increasing SIPs in equity mutual funds and avoid locking surplus in FDs.
Keep reviewing your investments yearly!

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment