DAY 5 & 7

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

Under this type of life insurance plan, bonus is declared only if the insurer makes a profit. Which type of plan is this? Select the correct answer from the list below. 

• ULIP

• Non PAR

• PAR

_______ provide additional benefits at cheaper cost in an insurance plan. Select the correct answer from the list below.

• Riders

• Bonus

• Human Life Value (HLV)

What are the various ways you can get leads?

• Primary and Secondary Market

• Setting up activities at Schools, Public Parks etc.

• Recommendations from known people and exploring Social Network

• All the above

Prospecting should never be stopped. It is oxygen to the business.

• FALSE

• TRUE

Consistent prospecting ensures you have a pipeline to work on for sales.

• TRUE

• FALSE

Ramya is in to telephonic conversation to  fix an appointmnet with Mr Ram Kapoor for Life insurance sale. She  faced some objections from Mr. Ram. Which of the following technique should she follow to handle objections?

• FFF

• LAPAC

• ASAP