Bajaj Finance Underwriter Interview Questions and Answers

Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against potential losses.

• Insurance is a risk management tool that helps individuals and organizations protect themselves against financial losses.

• It involves the transfer of risk from the insured to the insurer in exchange for payment of a premium.

• Insurance policies can cover various a...read more

Underwriting is the process of evaluating and assessing the risk associated with insuring a person or entity.

• Underwriting involves analyzing various factors such as financial stability, health status, and past claims history.

• It helps determine the premium amount and coverage limits for insurance policies.

• Underwriters use statistical models, actuarial tables, and other tools to assess risk.

• Examples include underwriting ...read more

Underwriting is the process of evaluating and assessing risks associated with insuring individuals or entities.

• Underwriting involves analyzing various factors such as financial stability, creditworthiness, and potential risks.

• It helps insurance companies determine the appropriate premium rates and coverage for policyholders.

• Underwriters use statistical models, historical data, and industry knowledge to make informed de...read more