What do you know about insurance? How us it important?

Question

Accepted Answer

Insurance is a financial product that provides protection against financial losses due to 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.
It is important because it helps individuals and organizations manage risk by transferring it to the insurance company.
Insurance provides financial security and peace of mind by covering losses from events such as accidents, natural disasters, and illnesses.
It is also important for businesses to protect their assets and liabilities through various types of insurance policies.
Examples of insurance include health insurance, auto insurance, life insurance, and property insurance.

Top Bajaj Allianz Life Insurance Sales Team Leader interview questions & answers