Bajaj Finserv Retail Sales Executive Interview Questions and Answers

Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured person's death.

• Life insurance provides financial protection for loved ones in case of the insured person's death.

• Premiums are paid regularly to maintain coverage.

• There are different types of life insurance policies such as term life, whole life, and universal life.

• The payout from a life insurance policy can be used ...read more

Types of life insurance include term life, whole life, universal life, and variable life.

• Term life insurance provides coverage for a specific period of time.

• Whole life insurance provides coverage for the entire life of the insured.

• Universal life insurance offers flexibility in premium payments and death benefits.

• Variable life insurance allows the policyholder to invest in separate accounts.