Preview Questions Insurance Advisor | Role Specific Skill

Question 1: What is the best approach when analyzing the future financial needs of a client with multiple dependents?

Which action should you take?

Choose only one option

Consider only the client's retirement plans

Calculate the dependents' needs and project future expenses

Focus solely on the client's current income and debts

Determine the policyholder's investment goals

Question 2: How can an insurance advisor recommend an appropriate investment-linked insurance product (ILP) to a client with a low-risk tolerance?

Which action should you take?

Choose only one option

By recommending a high-risk equity-based ILP to maximize potential returns

By focusing solely on the client's age without considering their investment preferences

By offering a plan with a balanced or conservative portfolio that aligns with the client's risk appetite

By offering ILPs that are entirely focused on short-term gains

Question 3: Which of the following is NOT typically covered under a standard health insurance policy?

Which action should you take?

Choose only one option

Inpatient care

Emergency services

Prescription drugs

Cosmetic surgery

Question 4: What key information should be gathered from a client to conduct a thorough disability insurance needs analysis?

Which action should you take?

Choose only one option

Current earnings, occupation, and income dependency

The client's savings rate and investment portfolio

The client's age, medical history, and family size

The client's debt-to-income ratio

Question 5: Under the Prevention of Money Laundering Act (PMLA), what is the key responsibility of an insurance advisor when they suspect a transaction involving money laundering?

Which action should you take?

Choose only one option

Offer the client a lower premium rate

Report the transaction to the designated compliance officer

Immediately cancel the policy

Ignore it unless confirmed

Question 6: When conducting a risk assessment for travel insurance, what is the most important consideration when evaluating the risk of a client's trip?

Which action should you take?

Choose only one option

Duration of the trip and activity level

Whether the trip involves international flights

The client's age and previous travel history

Destination and potential health risks