Day 1

Who is the Managing Director and Chief Executive office of Hdfc Bank? Select the correct answer.

• Keki Mistry

• Aditya puri

• Sashidhar Jagdishan

Who is a Specified Person (SP) in HDFC Bank branch? Select the correct answer from the list below.

• An SP is licensed to solicit life insurance business from customers.

• An SP is a person who is Circle Head and above in designation and logs in all business sourced from HDFC Bank.

• An SP is a special relationship manager in a Category A type of bank branch who handles only HNI customers.

TATA AIA and Bajaj Allianz are the two competitors in the life insurance space for HDFC Life in HDFC Bank. Identify whether the above statement is true or false.

• FALSE 

• TRUE

What is the function of the Field Team in HDFC Bank channel? Select the correct answer from the list below.

• This team scouts for new salespeople to recruit.

• This team manages the HDFC Bank account.

• This team is responsible for sourcing business and selling.

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

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

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

What is the HLV for a customer? Select the correct answer from the list below.

• All the expenses incurred by them up to the present 

• The net savings accumulated by them till date

• The expected annual income that will be generated over their life time

• Their average savings in a year

As an FLS, you will work with the following people in a bank branch: 1. Relationship Manager 2. Personal Banker 3. Front Desk employee 4. Tellers/Cashiers 5. Branch Sales Officer 6. Customer Service Officer   Select the correct answer from the list below.

• No

• Yes