BigBasket Life Insurance Advisor Interview Questions and Answers

The 4 types of insurance are life insurance, health insurance, property insurance, and liability insurance.

• Life insurance provides financial protection to the beneficiaries of the policyholder in case of their death.

• Health insurance covers medical expenses incurred by the policyholder.

• Property insurance protects against damage or loss of property due to natural disasters, theft, or other events.

• Liability insurance cove...read more

An agent is a person who represents an insurance company and sells insurance policies to clients.

• Agents act as intermediaries between insurance companies and clients.

• They help clients understand different insurance policies and choose the one that best suits their needs.

• Agents also provide assistance with claims and policy renewals.

• They earn commissions on the policies they sell.

• Examples of insurance agents include lif...read more

Risk in insurance refers to the likelihood of an event occurring that will result in a loss for the insured party.

• Risk is the possibility of loss or damage to the insured party or their property.

• Insurance companies assess risk and charge premiums based on the level of risk involved.

• Examples of risk in insurance include car accidents, natural disasters, and illness or injury.

• Risk can be mitigated through preventative me

Claims in insurance refer to the process of requesting and receiving compensation for a covered loss or damage.

• Claims are made by policyholders to their insurance company when they experience a loss or damage that is covered by their policy.

• The insurance company will investigate the claim to determine if it is valid and covered under the policy.

• If the claim is approved, the policyholder will receive compensation for th...read more

An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy.

I have the expertise and experience to provide you with the best life insurance advice and solutions.

• I have years of experience in the life insurance industry and have helped numerous clients find the right policies for their needs.

• I stay up-to-date with the latest trends and changes in the industry to ensure that my clients receive the most relevant and accurate advice.

• I am dedicated to providing personalized service ...read more