Quick Test !
Quick Test on Policy Renewals
Test your knowledge on policy renewals with this engaging quiz! Perfect for anyone looking to refresh their understanding of the renewal process, this quick test covers various aspects of policy management.
You'll be assessed on:
- Triggering renewals
- Policy statuses
- Automatic renewals
- Managing customer details
How do you trigger the renewal on a active policy ?
Test Trigger buttons
Manually
Automatically
Setting up the config
Which of the following policy statuses the policy should be in to renew it ?
Live
Adjustment Live
Renewal Pending
Invitation Sent
After how many days the invitation is sent to the customer for the policy due for renewal (e.g. Yoga) ?
35
28
7
14
Where do you specify the automatic renewal on a credit card for a customer ?
Policies page
Through a config
Customer Maintenance/Edit customer details page
Manage Renewal page
What does it mean when you select Auto-renew under customer maintenance page ?
Auto renew enabled for both Credit card and debit card policies
Auto renew enabled for only debit card policies
Auto renew enabled for only credit card policies
Disable auto-renewal
For disabling auto-renewal on a credit card 'Card renewal type' field must be set to
Automatic using last card on policy
Automatic using last card on account
Controlled by config
No automatic card payments
Where do you see all the policies queued for renewal ?
Renewals Dashboard Page
Manage Renewal Page
Policies page
None of the above
For a policy in renewal when user wants to add another driver to the existing quote what option should be selected ?
Ready for renewal
Lapse renewal
Lapse renewal - Unwilling to quote
Requote or Allow changes
When user wants to discontinue with the policy what is the correct action at renewal ?
Lapse policy option
Ready for Renewal
Auto renewal payment failure
None of the above
For a automatic card renewal what fields on 'Manage Renewal' page gets updated when the pre-authorization logic is run
Last card checked successful and date
Only the last card checked date
Renewal card number
Is Telematics
For the manage renewal button to be seen on customer facing what should the policy renewal status be ?
Renewal Pending
Ready for renewal
Awaiting claims approval
Invitation sent
Once the policy is renewed what is the policy status ?
Live
Renewed
Renewal Pending
None of the above
What is the difference between Renewal and Rebroke ?
Renewal is renewing on same insurer; Rebroke is renewing with a different insurer
Renewal is renewing with different insurer; Rebroke is renewing with same insurer
Renewal is renewing automatically and manually; Rebroke is renewing only manually
Renewal and Rebroke are same
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