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WorksheetsQUIZ BEELIS -NEW BUSINESS FORMS & UNDERWRITING
Total questions: 20
Worksheet time: 10mins
You can use Online Editable Forms when closing a sale to a client via face to face transaction.
TRUE
FALSE
Non-face-to-face transaction is limited to PRUONE submission.
TRUE
FALSE
Manual Editable New Business submission should be sent to phinewbusiness@prulifeuk.com.ph with the Standard Email subject:
Policy Life Insured Name_APE Amount
Policy Life Insured Name_Type of Plan
Branch Name_Policy Life Insured Name_Type of Plan
Branch Name_Policy Life Insured Name_APE amount
VC (Vulnerable Customers) checkbox in SAF should always be NO.
TRUE
FALSE
The chosen policy of the client and fund allocation should always be based on the result of assessment in SAF.
TRUE
FALSE
All are ELIGIBLE Third Party Payor Except:
PARENT
AUNT/UNCLE
SIBLINGS
GRANDPARENTS
ACI is additional form requirement if the aggregated Sum Assured of the policy is 4M and above.
TRUE
FALSE
Agent’s report is required for Face-to-Face Sales Presentation.
TRUE
FALSE
NBI Clearance is an acceptable Valid ID that can be submitted in New Business application.
TRUE
FALSE
If the Policy Life Insured is Minor, he/she should sign the Application forms.
TRUE
FALSE
NFTF: In case of 3rd Party Payor, the agent must secure photo of the 3rd party holding her/his id and signing the KYC.
TRUE
FALSE
What is the Current Version of PruOne?
2.0.8
2.0.9
2.0.10
2.0.9.1
Agent should submit both KYC form and BO form if the Payor is other than the Policy owner.
TRUE
FALSE
Agents Confidential Information (ACI) & Personal Financial Statement (PFS) are required in submitting Single Premium Plan regardless of the amount
TRUE
FALSE
Personal Financial Statement (PFS) is required when the aggregate SA of the client is 10M
TRUE
FALSE
If the Initial payment Method made in PruOne is via Credit Card, recurring payments should be via Credit Card as well.
TRUE
FALSE
A rookie agent submitted a 4M Sum Assured, the client will automatically undergo medical requirements.
TRUE
FALSE
What is the tab in PRUONE where both Agent and Client should sign?
Needs Analysis
Agent‘s Report
Products Customization
Purchase Review
If the client answered Yes to the medical questionnaire pertaining to his/her latest check up or APE. What details are required.
Reason for Medical, Date & clinic test conducted, result
Reason for Medical, Date & clinic
Reason for Medical, Date & clinic test conducted,Name of doctor, result
Attending Physician Statement
Foreign nationals who are visiting or temporarily residing in the Philippines may be accepted for life insurance policy.
TRUE
FALSE
