health insurance interview questions and answers pdf
BASIC + DA (Last Pay drawn) X 15 /26 X No.OF YEARS WORKS. 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. The best way to answer these questions is to be as aware of your industry as possible. As such, you cannot profit from your general insurance policy or takaful plan. Assessment year is the year in which the income earned is assessed. But in other case it is not advisable as you will lose all the benefits of the previous policy also the premium will go high as you go older. Then tell your interviewers about your personality traits. The amount payable will then be contributed by the insurance companies involved. After you have been compensated for your loss, the takaful operator has the right to claim from any third party responsible for your loss. List Some Useful Pointers When Buying An Insurance Policy Or Takaful Plan? How Good Are You Working In A Team? Ensure that your vehicle is adequately insured as it will affect the amount you can claim. What Are The Products Under Family Takaful? Question 38. Question 50. Question 34. Question 27. Question 10. Do You Know What Is Life Annuity Plan In Life Insurance? What Is The Difference Between Insurance And Takaful? Question 39. So you will pay $20 out of $100 from your pocket while the $80 will be paid by co-insurance(meaning the insurance company). house, shop and factory) caused by fire, lightning or explosion. You need motor insurance when you buy a motor vehicle. The paid value is something, when the insured stops paying the premium but do not withdraw the amount. 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. By contributing a sum of money to a common takaful fund in the form of participative contribution (tabarru), you undertake a contract (aqad) to become one of the participants by agreeing to mutually help each other, should any of the participants suffer a defined loss. For more comprehensive coverage, it is vital for you to know about the risks covered to ensure that you and your family are protected from unforeseen losses. Question 57. Question 23. However, make sure that you have done your homework well and know the exact figures. While in ‘Irrevocable beneficiary’ the policy holder has to take consent of the beneficiary before the name is changed. What Are The Risks Which Are Covered In Life Insurance? What Are The 2 Types Of Takaful? What Do You Mean By ‘insurance Coverage’? Get all 20 interview questions and suggested answers for your Insurance Interview, plus FREE bonus access to our bestselling online interview training course, which contains over 50 powerful video modules to quickly get you interview ready (and they work for ANY interview). In addition, medical and health insurance also provides you with an income stream while you undergo treatment. Question 47. There are three main types of policies which you can buy to protect your home: Question 24. What better way to utilize your talents than to become an insurance salesperson? However, some insurance companies may offer various combinations of protection to cater to the specific needs of customers, including long-term annual policies for a frequent traveller. You or your organisation will thus be known as the policy owner. Both insurance and takaful have similar basic principles. Series of payments paid to you until you pass away. When in doubt, it is best to ask your insurance company. This policy provides you with coverage against loss or damage to insured property (i.e. The sum assured by the insurance company is reduced proportionally depending when insured has stopped paying the premium. Question 18. What Do You Mean By ‘loss Payee’? You are not allowed to upload these documents and share … You can only recover your financial loss and not gain any profit as a result of a quantifiable loss. The main products of general insurance includes: Question 29. What Is Assessment Year And Previous Year? So this requires periodic premium payments, either monthly, quarterly or annually. Thus, you as the policy owner need to disclose all material information required. What Are The Products Under General Takaful? You can also buy more than one policy or plan to protect a particular risk but in the event of loss or damage, you can only make one claim. If it is not a long duration that you have bought the policy, then you can replace the policy. Interview Questions and Answers for Experienced Freshers PDF. loss of travel or accommodation expenses due to cancellation or curtailment of the journey, losing your baggage, belongings and money. Useful pointers when buying an insurance policy or participating in a takaful plan: Question 11. ‘Revocable beneficiary’ designation gives right to the policy holder to change the beneficiary name without the consent of the named beneficiary. What Do You Mean By Term “annuity”? The truth is, there are two main types of insurance, namely life insurance and general insurance which covers different aspects in your life. Firstly, he or she wants to know how dedicated you are towards your career; and also how realistic. Where Do You See Yourself Five, Ten Or Fifteen Years From Now? You must have a legitimate financial interest in the subject matter to participate in a takaful plan. This is a policy which covers your household contents and includes coverage for fatal injury to you as the insured. For instance, the insured, such as yourself, must have a legitimate financial interest in the risk you are insuring, meaning you must suffer a financial loss when the insured event occurs. Question 25. The risks that are covered by general insurance are: Question 30. What Is Term Plan In Life Insurance? A combination of protection and savings whereby the money will be paid at the end of a specific period upon your demise or if you suffer total and permanent disability. Question 28. What Is A House Holder’s Insurance Policy?
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