Certified Insurance Facilitator (CIF)

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Definition

A Certified Insurance Facilitator or a CIF is a person who guides insurance buyers in purchase of insurance policy based on their financial profile and the specific requirements of their dependents or the insurance beneficiary.

Description

A Certified Insurance Facilitator (CIF) is a socially responsible person. They are entitled to assist the investors or insurance customers by providing guidance in insurance buying. Rather than pushing their personal viewpoint on investors and policyholders, the CIF should assist the customers based on their financial profile and the future demands of the dependents.

Example

Mr. Mehta had 35 years of experience in the life insurance industry. He quit his job at 55 and started working as Certified Insurance Facilitator. After three months of his professional service, he guided 20 buyers to purchase the best term plan at an affordable price.