How to explain the customer

Question

Accepted Answer

Explain the benefits of credit life insurance to the customer in a clear and understandable manner.

Start by explaining that credit life insurance pays off the outstanding balance of a loan in the event of the borrower's death or disability.
Emphasize that it provides financial protection for the borrower's family and loved ones, ensuring they are not burdened with the debt.
Highlight that credit life insurance can offer peace of mind and security during uncertain times.
Use simple language and real-life examples to illustrate the importance and benefits of having credit life insurance.
Address any concerns or questions the customer may have about the policy, premiums, or coverage.

Top Canara HSBC Life Insurance Credit Life Officer interview questions & answers