Helping Others:
As a financial advisor, you have the opportunity to make a positive impact on people’s lives by helping them achieve their financial goals. You can provide guidance and expertise in areas such as budgeting, saving, investing, retirement planning, and more.
Job Satisfaction:
Being able to assist individuals and families in securing their financial future can be incredibly rewarding. Seeing your clients succeed financially and achieve their goals can provide a great sense of satisfaction and fulfillment.
Constant Learning:
The financial industry is dynamic and ever-evolving. As a financial advisor, you will have to stay updated with the latest market trends, investment options, tax regulations, and financial strategies. This continuous learning allows you to expand your knowledge and expertise over time.
Flexibility and Independence:
Financial advisors often have the flexibility to set their own schedules and work arrangements. You can choose to work independently, as part of a financial firm, or even start your own practice. This flexibility can provide a better work-life balance and the freedom to shape your career according to your preferences.
Financial Rewards & Recoginition:
Financial advisors have the potential to earn a competitive income. As you build your client base and expertise, you can increase your earning potential. Additionally, some financial advisors may receive bonuses and commissions based on their clients’ investments or products they recommend.
Networking Opportunities:
Working as a financial advisor allows you to build a professional network with other professionals in related fields such as accounting, law, insurance, and real estate. Networking can open doors to collaboration, referrals, and expanding your client base.
Personal and Professional Growth:
Being a financial advisor requires developing strong interpersonal and communication skills. You will also enhance your problem-solving abilities, critical thinking, and decision-making skills. These skills are valuable not only in your professional life but also in personal financial management.
Job Stability and Demand:
The need for financial advice and planning is constant. People will always require assistance in managing their finances, planning for retirement, and navigating complex financial decisions. This ongoing demand for financial advisors can provide job stability and potential growth opportunities in the industry.
Regular Income:
You will get regular income throughout the life after becoming financial advisor.
Retirement Benefits:
While an Insurance agent automatically becomes eligible for a life-time pension in the form of commission she/he receives each and every time when any of the policies sold by him gets renewed by anyone from anywhere, the company also offers another equally lucrative retirement benefit to the Insurance agents. It is Gratuity upto extent of Rs.3,00,000/-. Gratuity is paid to insurance agents as per the provisions of Schedule VI of the (Agents) Rules, 1972. Any insurance agent who successfully completes the “qualifying tenure” of 15 years of active association with the company, is eligible to receive it.
Interest Free Loan:
Strange but true! Once an insurance agent is eligible to become a member of agents’ club, she/he can avail interest free loan from insurance for any of his/her financial requirements/obligations viz. car loan, home loan, renovation loan, festival loan etc. The insurance also offers Office maintenance Allowance, Furniture Allowance, Utility Bill reimbursement & various other facilities to members of various clubs.
Gratuity:
Although there is no age of retirement for an insurance agent, it rewards its agents with a gratuity of upto Rs.3.00 Lakh on completion of qualifying tenure i.e. 15 years. The same has been inscribed under Schedule VI of the (Agents) Rules, 1972.