LI Concepts - 1 & 2

Your Key Roles and Responsibilities includes

• Customer Service

• Policy Loans

• Sales support & Administration

• All the above

FTR Stands for

• First Time Right

• First Time Report

• First Time Revolve

• First Time Raise Query

Identify the modes where the customer can choose to pay premiums

• Branch Walk-in

• Bank Transfer/Digital

• Credit Card

• All the above

The leads generated by the Branch Operations is passed to the new Business team who completes the sales process, identify them.

• BCSS

• ABC

  (Agency Branch Collabration)

• CBI

• Both 1 & 2

Insurance works on the principle of risk transfer

• True

• False

Investing in stocks is not an insurable and this risk is called speculative risk.

• True

• False

The cause of risk is known as

• Peril

• Hazard

• Risk Transfer

• Risk retention

Earning individuals in the age group of 25-45 years should be covered

• 25-35 times of annual expenses

• 10-20 times of annual expense

• 5-10 times of annual expenses

• 0-5 times of annual expenses

Any Insurance Contract generally becomes void when there is a clear case of concealment with intent to deceive or when there is a fraudulent misrepresentation.

• True

• False

_____________ relates to inaccurate statements, which are made without any fraudulent intention.

• Misrepresentation

• Contribution

• Offer

• Representation