King Charles hosts Olympic and Paralympic medallists at Buckingham Palace reception

The video tutorial introduces the concept of insurance and explains the role of an individual named Bobby in the insurance process. It provides a basic understanding of how insurance works and the importance of having it.

What is the primary purpose of insurance?

• To invest in stocks

• To avoid taxes

• To provide financial protection

• To increase wealth

How does insurance benefit individuals?

• By guaranteeing profits

• By providing a safety net against risks

• By offering a savings account

• By eliminating all financial risks

What is Bobby's main responsibility in the context of insurance?

• To manage risk assessments

• To handle customer complaints

• To sell insurance policies

• To invest in real estate

Which of the following is NOT a role of Bobby?

• Risk assessment

• Stock trading

• Policy management

• Customer service

Why is Bobby's role crucial in the insurance process?

• He ensures policies are profitable

• He assesses and manages risks effectively

• He guarantees customer satisfaction

• He invests in high-risk ventures