Insurance Consultant

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“Insurance Consultant Frequently Asked Questions in various Insurance Consultant 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”



55 Insurance Consultant Questions And Answers

21⟩ Tell us what is the most important lesson you have learned as an insurance consultant?

The most important lesson I have learned is to never make assumptions. I was working with a small business owner to design employee insurance coverage. In my past dealings with small businesses, I had found they usually try to minimize their costs as much as possible while giving the employees adequate coverage. I assumed this would be the case again, but it turned out he wanted to provide excellent coverage for his employees regardless of the cost to him. I quickly switched my way of thinking and found him an excellent plan that was affordable, too. He ended up being very pleased and turned into a loyal client.

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23⟩ Tell me what Are The Basic Principals Of Takaful?

Basic principals of takaful are as follows:

☛ You must have a legitimate financial interest in the subject matter to participate in a takaful plan.

☛ A takaful contract is based on the principle of utmost good faith (trust), whereby you need to disclose all material information required.

☛ You can only recover your financial loss and not gain any profit as a result of a quantifiable loss.

☛ In determining the compensation, the takaful operator will identify the actual most important cause that brought about the loss.

☛ After you have been compensated for your loss, the takaful operator has the right to claim from any third party responsible for your loss.

☛ If a loss is covered by more than one takaful plans or insurance policies, the takaful operator that has made payment to you may call upon other takaful operators or insurance companies to contribute proportionately to the payment.

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24⟩ Tell us Some Useful Pointers When Buying An Insurance Policy Or Takaful Plan?

Useful pointers when buying an insurance policy or participating in a takaful plan:

☛ Understand the policy or plan including the product features, conditions, benefits limitations and exclusions

☛ Ensure that the premium or contribution payable is affordable

☛ Ensure that the amount of coverage taken is adequate and suits your needs

☛ Ensure that all material facts are fully disclosed

☛ Deal only with registered agents/licensed brokers or directly with an insurance company or takaful operators

☛ Monitor the period of coverage and time for payment of premium or contribution

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28⟩ Behavioral Insurance Consultant Job Interview Questions

☛ Tell me about a time you were faced with an ethical problem. What did you do in the end?

☛ Recall a time when you had to mediate a dispute between property owner and their tenant. What was your role and how did you help the situation?

☛ Describe the most difficult sale you had to make. Why was it difficult and how did you close it?

☛ Tell me about a time you persuaded a renter to renew their lease

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30⟩ Role-specific Insurance Consultant Job Interview Questions

☛ Which of your qualities make you a great salesperson?

☛ How do you keep up with trends in the real estate?

☛ What’s excellent customer service for a leasing consultant?

☛ How do you use technology to organize your work?

☛ What kind of lodges/properties have you dealt with in the past?

☛ How do you handle overlapping deadlines?

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31⟩ Please explain what Are The Circumstances In Which You Can Buy A Travel Insurance?

A travel insurance can be purchased for you or your family to insure against travel-related accidents, losses or interruptions, such as:

☛ Personal accident

☛ medical-related expenses

☛ loss of travel or accommodation expenses due to cancellation or curtailment of the journey

☛ losing your baggage, belongings and money

☛ losing your passport

☛ personal liability

☛ delayed baggage

☛ travel delays

☛ hijacking

☛ repatriation

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32⟩ Operational and Situational Insurance Consultant Job Interview Questions

☛ How do you use social media to promote properties? What other advertising techniques do you use?

☛ What questions would you ask to evaluate a potential tenant’s requirements? What questions would you ask the property owner?

☛ How would you go about verifying a tenant’s application?

☛ Imagine a potential renter asks you a question about a property but you don’t know the answer. How do you handle this?

☛ If a property was burned or flooded, what would be your responsibilities?

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33⟩ Basic Insurance Consultant Job Interview Questions

☛ Tell me about a time when you had not done a task correctly because you were not trained propperly?

☛ Can you multi-task? What experiences have you done that represent to me how well you multi-task?

☛ Have you ever coordinated an event? How did it go?

☛ Have you prepared invoices in the past?

☛ How do you keep motivated while working in an office setting?

☛ Why do you want to work in the insurance industry?

☛ Tell me about your education.

☛ Why do you want to enter the insurance field?

☛ Tell me about your goals?

☛ How does this position, fit into your career plans?

☛ Why do you want to work for our company?

☛ Tell me about the most difficult supervisor you have ever worked with, and how you went about working with him or her?

☛ What was your main weakness at your last job that you would like to improve upon at this one?

☛ How important is organization to you?

☛ How can we become a better insurance company, to compete with our competitors?

☛ Tell me a time when you had to handle something drastic, but no one was around, how did you do it?

☛ Have you created a bonding report before?

☛ Customers can have a nasty attitude for no reason, either way, what techniques do you employ to calm down customers when they are irratated?

☛ Describe a bad customer service experience you have had in the past and how you handled it?

☛ What is your ideal company to work for?

☛ Tell me about a time when you missed some important details about a report, what happened?

☛ Who are our competitors?

☛ How proficient are you with technology?

☛ Walk me through a typical day for you at your last office.

☛ You have been asked to set up a meeting, quickly go over the steps you take to make this meeting happen?

☛ What do you dislike most about working in this position/field?

☛ What office experience do you have?

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34⟩ Explain me what Do You Do While Buying An Insurance Policy?

When it comes to buying a policy, always:

☛ Check the market value price of your vehicle. If it is a new vehicle, the insured value will be the purchase price.

☛ Ensure that your vehicle is adequately insured as it will affect the amount you can claim.

☛ Give all material facts about your vehicle, including previous accidents (if any), modification to engines, etc. When in doubt, it is best to ask your insurance company.

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36⟩ Explain me what Is Medical And Health Insurance?

Medical and health insurance, is an insurance policy which is designed to cover the cost of private medical treatment, which can be very expensive, especially with hospitalisation and surgery. Medical and health insurance also ensures that you will not have to worry about the cost of seeking treatment during emergencies. In addition, medical and health insurance also provides you with an income stream while you undergo treatment.

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37⟩ Tell me why do you want this particular role in this particular business?

It sounds obvious, but few people really look into the role or the company and struggle to come up with something meaningful. “The key is to come up with something current and interesting and then be able to turn the question around to the interviewer. I noticed you did this, can you tell me more about it?

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