10+ Shraddha Childrens Academy Interview Questions and Answers

Health is the state of being physically, mentally, and socially well. Insurance is done to protect oneself from financial loss due to unexpected health issues.

• Health refers to the overall well-being of an individual, including physical, mental, and social aspects.

• Insurance is done to mitigate the financial risk associated with unexpected health issues.

• Health insurance provides coverage for medical expenses, hospitalization, and other related costs.

• Without insurance, individua...read more

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• Premiums are paid to the insurance company in exchange for coverage.

• There are different types of insurance such as health, auto, home, and life insurance.

• Insurance claims are filed when a covered event occurs and the insurance company pays out benefits.

• Insu...read more

Claims are requests made by policyholders to insurance companies for compensation for damages or losses incurred.

• Claims are requests for compensation for damages or losses

• They are made by policyholders to insurance companies

• Claims can be related to property damage, theft, accidents, or injuries

• Insurance companies investigate claims to determine their validity

• Valid claims are paid out to the policyholder

Legato is a term used in music to describe smooth and connected notes. Insurance is a contract between an individual or organization and an insurance company to provide financial protection against potential losses.

• Legato refers to playing or singing notes smoothly and without interruption.

• In insurance, individuals or organizations pay premiums to an insurance company in exchange for coverage against potential risks or losses.

• Insurance policies can cover various aspects such ...read more

The URL borrower information form is a document used to collect personal and financial details of a borrower through an online link.

• The form typically includes fields for the borrower's name, contact information, employment details, income, and credit history.

• It may also request information about the borrower's assets, liabilities, and any co-borrowers or guarantors.

• The form is often used by lenders or financial institutions to assess the borrower's eligibility for a loan or ...read more

The answer is 540.

• To solve 30% of 1800, multiply 30/100 by 1800.

• 30/100 x 1800 = 540

A claim is a request for payment made by an individual or organization to an insurance company or government agency.

• Claims are made when an individual or organization experiences a loss or damage that is covered by their insurance policy.

• The claimant submits documentation and evidence of the loss or damage to the insurance company or government agency.

• The insurance company or government agency reviews the claim and determines whether it is covered by the policy or program.

• If ...read more

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events

• Individuals pay premiums to an insurance company in exchange for coverage

• Insurance policies can cover a variety of risks, such as health, property, and liability

• Insurance companies use actuarial science to calculate risk and set premiums

• Claims are filed when an insured event occurs and the insurance company p...read more

Mortgage insurance is a type of insurance policy that protects a lender or investor in case the borrower defaults on their mortgage payments.

• Mortgage insurance is typically required for borrowers who put down less than 20% of the home's purchase price.

• There are two types of mortgage insurance: private mortgage insurance (PMI) for conventional loans and mortgage insurance premium (MIP) for FHA loans.

• Mortgage insurance allows lenders to offer loans with lower down payments, mak...read more

PMI stands for Private Mortgage Insurance while MPI stands for Mortgage Protection Insurance.

• PMI is typically required for conventional loans with a down payment of less than 20% to protect the lender in case of default.

• MPI is an optional insurance that pays off your mortgage in the event of death, disability, or involuntary unemployment.

• PMI is usually paid monthly as part of your mortgage payment, while MPI is a one-time premium or added to your monthly mortgage payment.

• PMI ...read more

Medicare is a federal health insurance program for people who are 65 or older, certain younger people with disabilities, and people with End-Stage Renal Disease.

• Medicare is divided into different parts: Part A covers hospital stays, Part B covers medical services, Part C is Medicare Advantage, and Part D covers prescription drugs.

• Medicare is funded through payroll taxes and premiums paid by beneficiaries.

• Medicare provides coverage for various healthcare services, including ho...read more

Expectations for a Claims Associate role vary depending on the company and industry.

• Expectations may include accurately processing claims within a specified timeframe

• Communicating effectively with customers and colleagues

• Adhering to company policies and procedures

• Resolving customer complaints and issues in a timely manner