Preview Questions Insurance Advisor | Role Specific Skill

Question 1: What should an advisor prioritize when assessing the insurance needs of an elderly client?

Which action should you take?

Choose only one option

The client's ability to pay premiums without financial strain

The client's family size and dependents

The client's health status, living expenses, and potential future care needs

The client's asset portfolio and investments

Question 2: In recommending critical illness insurance bundled with permanent life coverage, which advanced explanation ensures the client understands trigger conditions, claim timelines, and the impact on remaining death benefit?

Which action should you take?

Choose only one option

Claiming it pays out for any health issue without restriction

Reviewing specific covered conditions, claim waiting periods, partial vs. full payouts, and how payments reduce the eventual death benefit value

Suggesting critical illness coverage has no effect on the life benefit whatsoever

Providing only a broad definition of ?critical illness? but no details

Question 3: 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 4: What is the role of an insurance advisor in managing the risk of underwritten policies over time?

Which action should you take?

Choose only one option

Monitoring claims, reassessing client needs, and recommending adjustments to coverage as necessary

Focusing only on selling new policies and not managing existing ones

Recommending that clients reduce coverage over time to save on premiums

Allowing clients to manage their policies independently without interference

Question 5: When conducting a financial needs analysis, what is the most effective method for assessing the client's liquidity requirements?

Which action should you take?

Choose only one option

Understanding the client's emergency fund, debt obligations, and savings goals

Estimating monthly living expenses without considering assets

Reviewing the client's past tax returns and bank statements

Analyzing the client's investment portfolio and asset distribution

Question 6: What is the maximum limit for the premium paid under the Section 80C tax benefit for a life insurance policy?

Which action should you take?

Choose only one option

Rs. 1,50,000

No limit is specified

Rs. 50,000

Rs. 10,000