Preview Questions Insurance Advisor | Role Specific Skill

Question 1: How can an insurance advisor build rapport with clients who are reluctant to disclose personal information?

Which action should you take?

Choose only one option

Avoid asking sensitive questions

Offer multiple discounts to entice them

Be transparent about the need for information and its importance for their benefit

Focus only on selling the policy

Question 2: What is the typical lock-in period for ULIPs under Indian regulations?

Which action should you take?

Choose only one option

3 years

10 years

7 years

5 years

Question 3: What is the primary focus when identifying potential clients in the insurance industry?

Which action should you take?

Choose only one option

The client's current insurance provider and coverage options

The client's social media presence and connections

Understanding the client's financial goals, needs, and risk tolerance

The client's ability to pay the highest premium

Question 4: How is the premium for a term life insurance policy typically determined?

Which action should you take?

Choose only one option

Based on the policyholder's age, health, and coverage amount

Based solely on the sum assured amount

Based on the duration of coverage and the type of rider attached

Based on the market performance of the insurer's investments

Question 5: In a needs analysis, which aspect of the client's financial situation should be assessed to recommend an appropriate amount of term life insurance?

Which action should you take?

Choose only one option

The client's tax situation

The client's retirement savings

The client's current debts and liabilities

The client's future healthcare costs

Question 6: 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