What do you know about insurance?

Question

Accepted Answer

Insurance is a financial product that provides protection against financial losses resulting from unexpected events.

Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection.
There are different types of insurance such as life insurance, health insurance, auto insurance, home insurance, and more.
Insurance helps individuals and businesses manage risk by transferring it to an insurance company.
Insurance policies outline the terms and conditions of coverage, including what events are covered, the amount of coverage, and the premium payment schedule.

Popular interview questions of Insurance Associate