n NISM Certifications
NSM General NISM
Medium

What is the role of an insurance agent in determining a product's suitability for a prospect?

Practice question from IC 38 Mock Test 20 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Sell the product regardless of the prospect’s needs

  2. B

    Ensure the product is not suitable for the prospect

  3. Consider the prospect's risk profile and decide if the product is suitable

    Correct answer

  4. D

    Only sell products pre-approved by IRDAI

A full explanation for this question is being written. In the meantime, the correct answer is highlighted above.

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