Insurance - Study Mode
[#786] Which of the below tips are useful making a good first impression?
Correct Answer
(D) All of the above
Explanation
Solution: Being on time always, Presenting yourself appropriately, Being open, confident and positive tips are useful making a good first impression.
[#787] Which is a fixed amount for a covered service in the health sector?
Correct Answer
(C) Copay
Explanation
Solution: A copayment or copay is a fixed amount for a covered service, paid by a patient to the insurance company before patient receives service from physician.
[#788] A deductible is usually mentioned in
Correct Answer
(B) Dollar
Explanation
Solution: A deductible is usually mentioned in Dollar. Often, the deductible on your insurance plan will be a concrete dollar amount, but there are notable exceptions.
[#789] In keyman insurance policy the basis for issue of such a policy is
Correct Answer
(C) Profitability of the business and the role of the keyman in that profitability
Explanation
Solution: In keyman insurance policy the basis for issue of such a policy is profitability of the business and the role of the keyman in that profitability. Keyman insurance can be defined as an insurance policy where the proposer as well as the premium payer is the employer, the life to be insured is that of the same employer's key employee (Keyman) and the benefit, in case of a claim, goes to the employer.
[#790] Which is incorrect of the following?
Correct Answer
(D) Prospect should feel obliged to the agent for being enlightened on life insurance
Explanation
Solution: Prospect should not feel obliged to the agent for being enlightened on life insurance. Prospect is a potential new customer who can be approached for buying an insurance policy.