In insurance, a broker is an individual who represents a customer. A broker is authorised to sell an insurance policy from any insurance company. Further they recieve brokerage from the insurance company whose policy they sold.


Brokers offer insurance but are not employed by insurance firms. Rather, they can sell insurance products from different insurance providers in their customers' interests. Some brokers operate alone, while others operate in brokerage businesses.


If you want to purchase a term life insurance, your broker would search and find the best insurance product available in the market according to your requirements. If you do not have much knowledge of insurance, the broker best assists you to find the best insurance provider with the help of several underwriters.