Tell us what Is The Difference Between Insurance And Takaful?
Submitted by: MuhammadBoth insurance and takaful have similar basic principles. 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.
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. The amount payable will then be contributed by the insurance companies involved. As such, you cannot profit from your general insurance policy or takaful plan. If you suffer a loss, you will be compensated accordingly and no more than that. You will be paid or indemnified to the position you were in before the loss. However, if you wish to cover your life, you can buy more than one policy.
Submitted by: Muhammad
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. The amount payable will then be contributed by the insurance companies involved. As such, you cannot profit from your general insurance policy or takaful plan. If you suffer a loss, you will be compensated accordingly and no more than that. You will be paid or indemnified to the position you were in before the loss. However, if you wish to cover your life, you can buy more than one policy.
Submitted by: Muhammad
Read Online Insurance Consultant Job Interview Questions And Answers
Top Insurance Consultant Questions
☺ | Tell me have you prepared invoices in the past? |
☺ | Tell us what office experience do you have? |
☺ | Tell me how do you stay current on what is happening in business and finance? |
☺ | Why are you leaving your current role as Insurance Consultant? |
☺ | Tell me what are your aspirations? |
Top Insurance Categories
☺ | Health Insurance Specialist Interview Questions. |
☺ | Insurance Sales Interview Questions. |
☺ | Insurance Cold Calling Interview Questions. |
☺ | Insurance Auditor Interview Questions. |
☺ | Insurance Consultant Interview Questions. |