ACKO Claims Associate Interview Questions and Answers

Q1. About yourself, skills you have, MS EXCEL
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Q2. Your background, other skills.
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Q1. What are the of Insurgence Principles?
Ans. 
Insurgence Principles are guidelines followed by insurance companies to manage risks and provide coverage to policyholders.
• Insurgence Principles involve assessing risks, setting premiums, and providing coverage to policyholders.

• Insurance companies use actuarial science to calculate risks and determine appropriate premiums.

• Principles include indemnity, subrogation, utmost good faith, proximate cause, and contribution.

• In...read more
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Q1. What are the type of steel material used in make of cars
Ans. 
Various types of steel materials are used in the make of cars, including high-strength steel, mild steel, and advanced high-strength steel.
• High-strength steel is used for structural components to improve crash safety and reduce weight.

• Mild steel is commonly used for body panels and other non-structural parts.

• Advanced high-strength steel offers a good balance of strength and formability, making it ideal for various car
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Q1. What are the types of frauds in General Insurance
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Types of frauds in General Insurance include premium diversion, false claims, and policy manipulation.
• Premium diversion: When an agent or employee diverts premium payments for personal use.

• False claims: Submitting fake claims for reimbursement.

• Policy manipulation: Altering policy details to obtain more coverage or lower premiums.
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Q2. What are the technicalities to be taken in mind during processing of general insurance claim
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Technicalities to consider during processing of general insurance claim
• Verify policy coverage and limits

• Assess the cause of loss and determine if it is covered

• Gather necessary documentation and evidence

• Evaluate the extent of damage or loss

• Adhere to regulatory requirements and timelines

• Communicate effectively with the insured party
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Q1. SELF INTRODUCTION
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Q2. Package expectation explanation
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They are discussed about experiences and skills

Q1. After confirmation HR will update for joining process
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Q2. Onboarding process
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Q1. Why do you want to join digit?
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I want to join digit because of its innovative approach to technology and its reputation for fostering professional growth.
• Digit's focus on cutting-edge technology aligns with my passion for innovation.

• I am impressed by Digit's track record of supporting employee development and career advancement.

• I believe Digit's collaborative work environment will allow me to thrive and contribute effectively.
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Q2. Tell us about yourself
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Experienced Senior Associate with a background in finance and project management.
• Over 5 years of experience in financial analysis and reporting

• Skilled in project management and leading cross-functional teams

• Strong communication and presentation skills

• Proficient in data analysis and financial modeling

• Previous experience working with Fortune 500 companies
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Q1. Intro, hobbies, what are your intrest achievements difference between hard work and smart work
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Q2. You should be asked to wait till 7 hour they will waste time and ask for stupid questions i dont know why they are doing this
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Ask you some basic questions like introduce yourself?

In this round they ask about their company and purpose?

Q1. Finally at this stage they will give you a topic and and you have to explain with in 1 min
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Q2. What is sales? What is insurance? Why you want to join policy bazar
Ans. 
Sales is the process of convincing a potential customer to buy a product or service. Insurance is a contract between an individual and an insurance company to protect against financial loss.
• Sales involves identifying potential customers, understanding their needs, and persuading them to make a purchase.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, or natural disasters.

• P...read more
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Q3. Why should we hire you
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Q1. What's policy bazar and What's insurance
Ans. 
Policy Bazaar is an online platform for comparing and purchasing insurance policies.
• Policy Bazaar is an Indian online insurance aggregator that allows users to compare and purchase insurance policies from various companies.

• Insurance is a contract between an individual and an insurance company, where the individual pays a premium in exchange for financial protection against potential losses or damages.

• Types of insurance...read more
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