Insurance Consultant Interview Question:

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

Submitted by: Muhammad

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
Submitted by: Muhammad