Financial Advisor Manager Interview Questions and Answers

ULIP offers investment along with insurance, while Guaranteed plans provide fixed returns with insurance.

• ULIPs offer flexibility to invest in various funds like equity, debt, or hybrid, while Guaranteed plans offer fixed returns regardless of market performance.

• ULIPs have higher risk and potential for higher returns compared to Guaranteed plans which offer lower risk but lower returns.

• ULIPs have charges like premium allocation, fund management, and mortality charges, while Gu...read more

Insurance is a financial product that provides protection against financial losses resulting from unexpected events.

• Insurance involves paying a premium to an insurance company in exchange for coverage against specified risks.

• Types of insurance include life, health, auto, home, and disability insurance.

• Insurance policies outline the terms and conditions of coverage, including the amount of coverage, premiums, and deductibles.

• Insurance helps individuals and businesses manage ri...read more

Types of insurance include life, health, auto, home, and disability insurance.

• Life insurance provides financial protection to beneficiaries in the event of the policyholder's death.

• Health insurance covers medical expenses and can include coverage for doctor visits, prescriptions, and hospital stays.

• Auto insurance protects against financial loss in case of an accident or theft involving a vehicle.

• Home insurance provides coverage for damage to a home and its contents, as well a...read more