Preview Questions Insurance Advisor | Role Specific Skill

Question 1: How should an insurance advisor prepare for a sales meeting with a client who is seeking coverage for both life and health insurance?

Which action should you take?

Choose only one option

Focus on life insurance and briefly mention health insurance

Offer life insurance first, and if successful, propose health insurance

Provide in-depth information about both products

Focus primarily on health insurance

Question 2: In an endowment policy, which of the following is typically true regarding the maturity benefit?

Which action should you take?

Choose only one option

It pays a return of investment without any risk coverage

It pays a lump sum benefit equal to the sum assured and bonuses

It only pays the premiums accumulated over time

It provides a benefit equivalent to the premiums paid only

Question 3: How can an insurance advisor assess a client's long-term financial goals effectively?

Which action should you take?

Choose only one option

By understanding their family and health needs

By evaluating their current savings and investment portfolio

By discussing their retirement plans and life expectancy

By reviewing their income tax returns

Question 4: Which document is mandatory for the insurance advisor to collect from a client when initiating the sale of a life insurance policy?

Which action should you take?

Choose only one option

Income Tax Returns

Policy Proposal Form

Proof of residence

KYC Form

Question 5: When advising a family with young children and a significant mortgage, which life insurance policy would be best to ensure financial security in case of the primary earner's death?

Which action should you take?

Choose only one option

Variable life insurance with investment options

Term life insurance with a coverage amount equal to the mortgage

Universal life insurance with premium flexibility

Whole life insurance with a large death benefit

Question 6: For a client showing erratic engagement (e.g., long periods of silence followed by urgent requests), which strategy ensures the advisor remains proactive and valuable without appearing intrusive?

Which action should you take?

Choose only one option

Ignoring the client until they reach out in panic

Establishing a communication schedule agreed upon in advance, sending periodic value updates, and offering flexible consultation options without aggressive follow-ups

Flooding the client with reminders and sales pitches during silent periods

Constantly calling the client's personal phone until they respond