Day 1 - Second Half

Why is it important to engage and built rapport with the SP of the bank branch? Select the correct option

• SP knows the customer and they may be in the SP portfolio

• Customer may not talk to anyone else except the mapped SP or bank personals

• SP interact with the customers directly, they know the customers' profile, their needs and banking preferences

How does the branch manager in the bank branch plays an important role ? Choose the correct option

• All the options are correct

• He manages the branch profitability

• Owns and manages customers' experience at the bank branch

• Leads a team of sales and non-sales SP's to deliever productivity

With Multi tie up in HDFC Bank, who are our competitors in LI business. Select the correct option

• TATA, BIRLA

• BIRLA, Max

• TATA, I Pru

• All the options are correct

Insurance works on the principle of Risk__________

• Retention

• Transfer

• Avoidance

• control

Which of the following statements is true? Select the correct answer from the list below.

• Insurance reduces possibility of loss in entirety

• Insurance protects the asset

• Insurance prevents loss of an asset

• Insurance compensates for the financial loss of an asset

_____________ relates to inaccurate statements, which are made without any fraudulent intention. Select the correct answer from the list below.

•  Offer

• Mis-selling

• Misrepresentation

•  Representation

Can a husband be a proposer for a policy with his wife as the life assured?   Select the correct answer from the list below.

• Yes, as there is insurable interest

• No, as there is no insurable interest

Can a mother who is working and financially independent be a proposer for a policy with her son as a life assured?   Select the correct answer from the list below.

• No, as there is no insurable interest

• Yes, as there is insurable interest

Can an umarried lady who is a working professional and financially independent be a proposer for a policy with her mother as a life assured?   Select the correct answer from the list below.

• Yes, as there is insurable interest

• No, as there is no insurable interest

Disclosing known material facts on an insurance proposal form displays the principle of Utmost Good Faith. Identify whether the above statement is true or false.

• TRUE

• FALSE