The client's job profile and workplace play an important role in
1)Deciding the insurance
premium for a life insurance policy
2)Fact find
3)Interview
4)getting idea about his family
Answers
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2
Explanation:
3 isthe answer and even 1 both
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1) The client's job profile and workplace play an important role in
Explanation:
- An insurance premium is the amount of money an individual or business pays for an insurance policy. When corporate, businesses, factories, etc take insurance, then the insurance company will look into following aspects
- The location of the insurer will affect the insurance premiums if they work from a specific shop front. It also applies if they are looking for insurance on commercial properties. Insurance premium are known to be at higher for location prone to risk for environmental disruption, burglary, Arson, etc or if the business is located in an environment vulnerable to such natural catastrophes or environment of high crime rate. The heightened risk would result in higher premiums for insurers.
- The nature of occupation, job profile, profession etc too would be a determining factor in deciding the insurance premium. Risky and hazardous job will entail higher insurance premium whereas business with low professional, occupational risk will entail lower insurance premium
To know more
To record Life Insurance Premium paid by company for the owner ...
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