As a former insurance agent, I will explain some common misconceptions surrounding NISA.
Insurance agents act as insurance intermediaries, collecting insurance premiums and providing policyholders with information about insurance. However, insurance agents are not the people who pay the insurance claims. Insurance companies pay the claims. When choosing an insurance product, policyholders may not fully understand the contents of the product. As such, insurance agents have a responsibility to explain the product, but sometimes there are misunderstandings. When canceling an insurance contract, policyholders may not properly understand how fees and refunds are calculated. Insurance agents will explain the procedure and calculation methods, but sometimes the information is not well understood. Therefore, it is important for insurance agents to explain things clearly so that policyholders can understand. NISA is commonly called "Needs Analysis" and is a method used in the insurance and financial industries. The features of NISA are as follows: Individual response