Question

What major considerations influence a customer's decision when purchasing an insurance plan?

a.

Marketing strategies of the insurer

b.

Financial stability and strength of the insurer

c.

Customer service availability

d.

Policy coverage options

Answer: (b).Financial stability and strength of the insurer Explanation:Customers consider the financial stability and strength of the insurer as major factors when purchasing insurance because an insurer's insolvency can lead to challenges in paying policyholders' claims.

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Q. What major considerations influence a customer's decision when purchasing an insurance plan?

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