Question

What is one of the key duties of an agent in terms of policy servicing?

a.

Selling more insurance policies to existing customers

b.

Handling investment portfolios for policyholders

c.

Assisting and advising customers on policy servicing matters

d.

Rejecting any policy change requests from policyholders

Posted under IC38 Life Insurance Agent Exam

Answer: (c).Assisting and advising customers on policy servicing matters Explanation:One of the key duties of an agent is to assist and advise customers on policy servicing matters.

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is one of the key duties of an agent in terms of policy servicing?
Add Comment

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. Why is it essential for an agent to inform the prospect about the acceptance or rejection of the proposal by the insurer in a prompt manner?

View solution

Q. What is the primary duty of an insurance agent regarding insurance products?

View solution

Q. When representing multiple insurers offering the same line of products, what care should an agent take?

View solution

Q. What is an agent's responsibility in relation to the information provided in the proposal form?

View solution

Q. Why should an agent assist and advise customers, policyholders, claimants, and beneficiaries on policy servicing matters?

View solution

Q. What is one of the prohibitions for insurance agents when soliciting insurance business?

View solution

Q. What is a prohibited action for insurance agents when dealing with prospects and policyholders?

View solution

Q. What is the prohibition regarding multilevel marketing for insurance agents?

View solution

Q. What responsibility do agents have regarding issuing insurance advertisements?

View solution

Q. Under what circumstances can an insurance agent's appointment be suspended or canceled?

View solution

Q. What is the consequence of an insurance agent's appointment being canceled?

View solution

Q. What is the purpose of the "Centralised list of black-listed agents" maintained by the Authority?

View solution

Q. What authority can IRDAI use to inspect the affairs of an insurance agent?

View solution

Q. Which of the following is NOT a reason for taking action against an insurance agent?

View solution

Q. Which of the following statements is incorrect? An insurance agent shall not -

View solution

Q. An insurance agent is allowed to

View solution
View All MCQs on IC38 Life Insurance Agent Exam

Recommended Subjects

Are you eager to expand your knowledge beyond IC38 Life Insurance Agent Exam? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!

Heat Transfer

Explore the fascinating world of heat transfer with our Heat Transfer category....

Verbal Ability

Hone your language and communication skills with our Verbal Ability category. Enhance...

Non Verbal Reasoning

Enhance your cognitive abilities with our Non-Verbal Reasoning category. Dive into...

Microbiology

Uncover the fascinating world of microbes with our Microbiology category. Delve into...

Drug and Pharmaceutical Biotechnology

Navigate the world of pharmaceuticals and biotechnology with our dedicated category....

Molecular Biology

Dive into the intricate world of molecular biology with our specialized category....

IC 14 Regulations of Insurance Business

Prepare for the IC 14 Regulations of Insurance Business exam with our focused set of...

DC Machines

Dive into the fundamentals of direct current (DC) machines with our specialized...

Cost Accounting

Dive into the realm of Cost Accounting with our specialized category. Explore cost...