Aditya Birla Sun Life Insurance Interview Questions, Process, and Tips for Experienced

The key area for Banca assurance is building strong relationships with banks and leveraging their customer base.

• Building partnerships with banks

• Leveraging the existing customer base of banks

• Providing customized insurance solutions to bank customers

• Training bank staff to promote and sell insurance products

• Ensuring seamless integration of insurance offerings with banking services

Channel Sales Management is the process of managing sales through third-party intermediaries.

• It involves identifying and recruiting suitable channel partners.

• Providing them with necessary training and support.

• Establishing clear communication channels.

• Monitoring and evaluating their performance.

• Examples include distributors, wholesalers, and retailers.

• Effective channel sales management can help increase market reach and

Incentive structure refers to the system of rewards and benefits offered to employees to motivate them to achieve specific goals.

• Incentive structure can include monetary rewards such as bonuses or commissions

• It can also include non-monetary rewards such as recognition, promotions, or extra time off

• Incentive structure should be designed to align with the company's goals and values

• It should also be fair and transparent t...read more