Role-specific Insurance Consultant Interview Questions & Answers:

1. Explain what Exactly Is Insurance?

Insurance is the transfer of risk by an individual, such as yourself, or an organisation, such as your business, to the insurance company. You or your organisation will thus be known as the policy owner. The insurance company receives payment in the form of premium and will compensate you in the event of losses or damages sustained by you.

2. Explain me what Is Takaful?

Takaful is a protection plan based on Shariah principles. 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.

3. Tell me what are your professional goals with our company?

I first found a job in insurance partly because it was a booming industry in which I could network and work closely with a wide variety of people and offer an essential service to customers. I want to bring that passion to your company, where I hope to be in a position to grow over time and gain more experience in the insurance field. I want to put my marketing skills to use to support the company and increase your base of loyal customers. It is important to me to be a part of a supportive, forward-thinking team.

4. Explain me what Are The Products Under General Takaful?

The products under general takaful are:

☛ Home takaful
☛ Motor takaful
☛ Personal accident takaful

5. Explain me do you match our competencies?

Most clients are trying to drill down to a set of competency-based questions that they can measure objectively against. “Look at the company's values and extrapolate from those values what their core competencies might be. For example, if a value is ‘client service,' the competencies might be strong team focus, thinking outside the box, or being a self-starter.

6. Tell me Examples Of Insurance?

☛ Medical and health insurance
☛ Retirement annuity
☛ Travel insurance
☛ House owner insurance
☛ Investment linked insurance
☛ Life insurance
☛ personal accident insurance

7. Tell us Examples Of Takaful?

☛ Investment linked takaful
☛ Motor takaful
☛ Medical and health takaful
☛ Personal accident takaful
☛ Family takaful
☛ House owner takaful
☛ Marine takaful
☛ Fire takaful
☛ Travel takaful

8. Tell me why were you selected for redundancy?

If you have ever been made redundant, this will definitely come up. Think carefully for a reason. Ensuring you are not unemployable.

9. Tell me what Are The 2 Types Of Takaful?

There are 2 types of takaful:

☛ Family takaful
☛ General takaful

10. 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?