Insurance :: Insurance Verifier Job Interview Questions and Answers

Insurance Verifier related Frequently Asked Questions by expert members with job experience as Insurance Verifier. These questions and answers will help you strengthen your technical skills, prepare for the new job interview and quickly revise your concepts

1 What are the different types of Insurance coverage?
2 Please tell us what is ‘declaration page’ in insurance policy?
3 Tell us what is Paid Value?
4 Tell us what is the difference between the participating and non-participating policy?
5 Explain me what does ‘Indemnity’ term means?
6 Please explain what is Elimination period in insurance?
7 Do you know what is third party Insurance?
8 Tell us what is a ‘PLPD’ insurance stand for?
9 Explain me what Is A Basic Fire Insurance Policy?
10 Tell me what Are The Risks Which Are Covered In General Insurance?
11 Explain what Are The Modes Of Payment In Insurance?
12 Tell me what Is The Payment Mode In General Insurance?
13 Please explain is It Advisable To Replace The Policy With Another Policy?
14 Please tell me what Do You Mean By ‘loss Payee’?
15 Tell me what Is The Formula For The Calculation Of Gratuity?
16 Tell us do You Know What Is Life Annuity Plan In Life Insurance?
17 Tell us to claim your personal property in a ‘Home insurance’ policy, how important is to keep inventory list?
18 Please explain what is ‘group life’ insurance?
19 Please explain what do you mean by ‘Additional Insured’?
20 Explain is it advisable to replace the policy with another policy?
21 Tell me what is the‘contestable period’ in insurance policy?
22 Tell us what do you mean by ‘insurance coverage’?
23 Please explain me what do you mean by ‘Deductible’?
24 Please explain is it possible to get the full payment on cancelling the new policy in free look period?
25 Explain me what is the different type of Life Insurance?
26 Tell us what is the difference between the ‘single limit liability’ coverage and ‘split liability coverage’?
27 Explain me when Do You Need Motor Insurance?
28 Do you know what Is Pre-mature Death In Life Insurance?
29 Explain where Do You See Yourself Five, Ten Or Fifteen Years From Now?
30 Tell us what Is Co-insurance?
31 Explain me what is a‘premium’?
32 Please tell us what do you mean by term “Annuity”?
33 Do you know what is General Insurance policy? What does it cover?
34 Please explain does beneficiary have to pay tax on the proceeding of life insurance policy?
35 Explain me what in case if my house completely damage in, fire or flood,and if I stay in a rented house, will insurance company bear all my additional living expenses?
36 Tell me what Is Supplementary/rider Cover In Life Insurance?
37 Tell me what Is General Insurance? Name 5 Types Of General Insurance?
38 Tell us what Is The Surrender Value?
39 Explain you Will Be Working As Part Of A Team? How Good Are You Working In A Team?
40 Explain what Are The Types Of Insurance Policies Which You Can Buy To Protect Your Home?
41 Tell us what is the difference between the ‘All perils’ and ‘Specified perils’ coverage in home insurance coverage?
42 Tell us is it possible to convert a part of term life insurance into permanent life insurance?
43 Explain can beneficiary claim the policy if the insured person is missing or disappeared for several years?
44 Please tell me what is the difference between “revocable beneficiary” and “irrevocable beneficiary”?
45 Explain what happens if you fail to make required premium payments?
46 Please explain in what all Instances you cannot claim your Personal Accident Insurance?
47 Please explain what Are The Main Products Which Are Included In General Insurance?
48 Explain what Are The Main Products Of Life Insurance?
49 Please tell me what Do You Mean By ‘deductible’?
50 Please explain what do you mean by term ‘Insurer’ and ‘Insured’?
51 Tell us what do you mean by ‘Loss Payee’?
52 Explain me is it possible to restrict the premium payment for a lesser number of years than the duration of thepolicy?
53 Please explain what is an ‘Endowment Policy’?
54 Tell us what Is A House Owner's Insurance Policy?
55 Explain what Are The Risks Which Are Covered In Life Insurance?
56 Tell me do you know what is Co-insurance?
57 Please explain what do you mean by term ‘Double Indemnity’?
58 Please tell me what Do You Mean By ‘insurance Coverage’?
59 Explain what Is A Life Insurance?
60 Tell me what Is A Mortgage Reducing Term Assurance In Life Insurance?
61 Tell me why Did You Join The Insurance Sector?
62 Explain me what Is An Investment Linked Plan In Life Insurance?
63 Tell me what Is Assessment Year And Previous Year?
64 Please explain what Do You Mean By Term “annuity”?
65 Tell us if You Know What Is Home Insurance?
66 Please explain what is Personal Accident cover? Does it cover anywhere in the world?
67 Tell us can an individual take two policies and claim for both of them?
68 Please explain who is the beneficiary?
69 Please explain what Is ‘declaration Page’ In Insurance Policy?
70 Explain what Is A General Insurance?
71 Tell us does it cover silver or golden ornaments if I have ‘Home insurance’?
72 Explain me what is ‘collision coverage’ and ‘comprehensive coverage’ in Auto insurance?
73 Please explain what do you mean by term ‘cash value’?
74 Explain what is no-claim bonus?
75 Please explain what is ‘schedule of loss’ in home insurance?
76 Do you know what Is An Insurance?
77 Explain me what Is An Endowment Plan In Life Insurance?
78 Do you know what is subrogation?
79 Tell us how to claim the policy?
80 Tell us what Is A Whole Life Plan In Life Insurance?
81 Explain what Is Term Plan In Life Insurance?
82 Explain is it safe to pay the premium through Insurance Agent?
83 Please explain what does it mean when company says “no physical exam”?
84 Do you know what Are The Different Types Of Insurance?
85 Please explain what is ‘gap insurance’?
86 Please explain what happens to the cash value after the policy is fully paid up?

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