Knowee
Questions
Features
Study Tools

Which of the following is NOT a channel of distribution for insurance products?BancassuranceBroker networksMutual fund distributorsTakaful agents

Question

Which of the following is NOT a channel of distribution for insurance products?

  • Bancassurance
  • Broker networks
  • Mutual fund distributors
  • Takaful agents
🧐 Not the exact question you are looking for?Go ask a question

Solution

To determine which option is NOT a channel of distribution for insurance products, we need to briefly discuss the four options provided:

  1. Bancassurance: This is a partnership between a bank and an insurance company, allowing the bank to sell insurance products to its customers. It is indeed a channel of distribution for insurance.

  2. Broker Networks: Insurance brokers act as intermediaries who help clients find suitable insurance products from various insurers. They are a common distribution channel for insurance products.

  3. Mutual Fund Distributors: Mutual fund distributors primarily deal with the sale and distribution of mutual funds, not insurance products. Therefore, this option does not typically represent a channel for distributing insurance.

  4. Takaful Agents: Takaful refers to Islamic insurance, and Takaful agents distribute these types of insurance products. Thus, they are also a channel of distribution.

Final Answer

The option that is NOT a channel of distribution for insurance products is Mutual fund distributors.

This problem has been solved

Similar Questions

What is an alternative term for a distribution channel?  A. Marketing channel  B. Supply chain  C. Marketing chain  D. Place

Analyse one function performed by wholesalers in a traditional channel of distribution.

The ordering and payment functions in a channel forms a _____________ of activity from customers to the firm.

Which of the following is a component of the promotional mix?Select one:a.Product designb.Distribution channelsc.Personal sellingd.Cost structure

2 pointsPrivacy of the customer is an integral part of value delivery process among which channel? Digital ChannelOfficial ChannelA and B None of the above

1/1

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.