Preview Questions Insurance Advisor | Role Specific Skill

Question 1: How can an insurance advisor ensure the recommended health insurance policy aligns with a client's family planning needs?

Which action should you take?

Choose only one option

By offering the same policy to all clients regardless of family status

By recommending a policy with only emergency care coverage

By focusing only on the client's current health without considering future needs

By assessing the client's potential medical needs in the future and recommending a policy with maternity and pediatric care coverage

Question 2: Which type of insurance product is most suitable for a client looking to minimize risk while investing for retirement, with a preference for guaranteed returns?

Which action should you take?

Choose only one option

Fixed annuity products

Unit-linked insurance plans (ULIPs)

Index-linked insurance products

Variable annuity products

Question 3: Under the Anti-Money Laundering (AML) Act, insurance advisors are required to verify the source of funds for which of the following clients?

Which action should you take?

Choose only one option

Only corporate clients

Only clients investing above a certain threshold

All clients

Only high-net-worth individuals

Question 4: What is the primary function of a premium refund rider in a life insurance policy?

Which action should you take?

Choose only one option

To return a portion of the premiums paid if the policyholder outlives the policy term

To increase the death benefit if the policyholder survives the term

To allow the policyholder to withdraw cash from the policy

To offer a discount on premiums for non-smokers

Question 5: When an insurance advisor sells a policy with linked investments, what must be disclosed to the client under regulatory compliance?

Which action should you take?

Choose only one option

The underwriting process and eligibility criteria

The total cost of insurance premiums

The nature of the policy and associated risks, including investment risks

The discount rates applicable on the policy

Question 6: How does the client's risk appetite influence the selection of an insurance policy with investment components?

Which action should you take?

Choose only one option

It has no effect on the policy selection process

It determines whether a more conservative, balanced, or aggressive policy should be recommended

It determines the payment structure of the premiums

It only influences the amount of coverage provided