Preview Questions Insurance Advisor | Role Specific Skill

Question 1: How can an insurance advisor develop rapport during initial meetings with a client?

Which action should you take?

Choose only one option

Spend time only talking about policy benefits and features

Focus on understanding their needs and addressing concerns early

Use aggressive sales tactics to close the deal quickly

Focus solely on the client's financial background

Question 2: Which method is best for overcoming a client's resistance to buying insurance due to perceived complexity?

Which action should you take?

Choose only one option

Break down the product into simpler terms and highlight key benefits

Provide detailed technical explanations of policy terms

Direct the client to read the policy documents themselves

Press the client to make a decision quickly

Question 3: Which of the following regulations governs the sale of insurance products in India?

Which action should you take?

Choose only one option

Prevention of Money Laundering Act (PMLA)

Companies Act

Securities and Exchange Board of India (SEBI) Act

Insurance Regulatory and Development Authority (IRDA) Act

Question 4: What is a key element in determining the disability insurance needs of a self-employed individual?

Which action should you take?

Choose only one option

Estimating their living expenses during temporary disability

Assessing their current medical history and employer-provided coverage

Understanding the potential income loss in the event of disability and its duration

Using industry standards for self-employed disability coverage rates

Question 5: Which of the following is a common exclusion in a typical health insurance policy?

Which action should you take?

Choose only one option

Doctor consultations for minor ailments

Emergency hospital visits

Routine medical check-ups

Pre-existing conditions for the first few policy years

Question 6: How does regulatory compliance impact the advisor's role in selling life insurance policies?

Which action should you take?

Choose only one option

Advisors are not required to disclose policy details and can focus on the client's budget

Advisors must adhere to strict disclosure standards to ensure transparency in life insurance sales

Advisors can sell any policy without meeting regulatory requirements

Advisors can skip KYC checks if the policy is low-cost