41⟩ Tell me why do you want to enter the insurance field?
Because I think it would be a great learning experience.
Insurance Agent
Home Financial Insurance Agent
“Insurance Agent Frequently Asked Questions in various Insurance Agent job interviews by interviewer. The set of questions are here to ensures that you offer a perfect answer posed to you. So get preparation for your new job interview”
108 Insurance Agent Questions And Answers
42⟩ Tell me how do you keep motivated while working in an office setting?
By having a positive attitude and good company.
43⟩ Tell us what does ‘Indemnity’ term means?
‘Indemnity’ term in the insurance is used to cover the loss or damage claimed by another person. For example, the owner of the gym has indemnity insurance to compensate it customers in case of injury or accident and to avoid the financial loss due to a lawsuit.
44⟩ Tell us what do you mean by term ‘Insurer’ and ‘Insured’?
Insured is the one who holds the policy and Insurer is the company that covers the insured.
45⟩ Explain me about a time when you had not done a task correctly because you were not trained propperly?
As a recovery person most managers teach differently so I would not know how exactly to organize the shelves.
46⟩ Tell me what do you dislike most about working in this position/field?
Dealing with rude customers.
47⟩ Tell me you have been asked to set up a meeting, quickly go over the steps you take to make this meeting happen?
Call the people needed in the meeting, organize the office and arrange a projector if needed.
48⟩ As you know customers can have a nasty attitude for no reason, either way, what techniques do you employ to calm down customers when they are irratated?
Try to keep a positive attitude and help them as much as I can.
49⟩ Explain me what is the most asked question that you come across when dealing with clients?
Mostly, people inquire about their death benefits. This is a constant, especially in clients who have a family that they are worried about.
50⟩ Explain me about a time when you missed some important details about a report, what happened?
I would get in trouble and try my best to not forgethem next time.
51⟩ Tell me what is the difference between “revocable beneficiary” and “irrevocable beneficiary”?
‘Revocable beneficiary’ designation gives right to the policy holder to change the beneficiary name without the consent of the named beneficiary. While in ‘Irrevocable beneficiary’ the policy holder has to take consent of the beneficiary before the name is changed.
52⟩ Tell me is it possible to restrict the premium payment for a lesser number of years than the duration of thepolicy?
Certain Insurance company have a provision of Limited Premium Payment, through which you can pay the premium in 3, 5, 7 or 10 years depend upon your income,and you still can have the coverage for the entire tenure of the policy.
53⟩ Explain me about the most difficult supervisor you have ever worked with, and how you went about working with him or her?
My first manager was very peculiar on how she wanted things done, and all I could do to handle it was to do it her way.
54⟩ Explain me is it possible to convert a part of term life insurance into permanent life insurance?
Yes, it is possible to convert as far as you are having a convertible life insurance policy. But there is a deadline that has to be taken care of, for converting term life insurance into permanent life insurance. Also, your premium will rise soon you convert your policy.
55⟩ Tell me what is the difference between the ‘single limit liability’ coverage and ‘split liability coverage’?
‘Single limit liability coverage’ covers a single person for bodily injury and property damage, for instance, in case of accident only single person will be covered no matter how many persons were injured. While, in ‘split liability coverage’each person is covered separately.
56⟩ Tell me what in case if my house completely damagein, fire or flood,and if I stay in a rented house, will insurance company bear all my additional living expenses?
If your policy has Additional Living Expenses coverage, then sure the insurance company will pay you additional expense that you require, to maintain your normal standard of living.
57⟩ Tell me what was your main weakness at your last job that you would like to improve upon at this one?
I did not know how to respond to rude customers or how to act because I was easily intimidated so I would like to improve on that.
58⟩ Explain me a bad customer service experience you have had in the past and how you handled it?
My family and I went out to eat and the waitress was not paying attention to our table but I would always ask for what I needede in a polite manner.
59⟩ Do you know how to claim your personal property in a ‘Home insurance’ policy, how important is to keep inventory list?
In case of fire or natural calamities, if your house is completely damaged and if you want to claim your personal property to insurance company, inventory list is very important. The insurance company will only pay you for those items where you are able to show the evidence that the damaged items belong to you. So, it is advisable to keep a list of inventory in a safe place.
60⟩ Tell me is it possible to get the full payment on cancelling the new policy in free look period?
‘Free Look Period’ is a time-period where the insured can cancel their newly bought policy in a specific period of time from the date of issuing the policy without any penalties or surrender charges.
