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PAR products refer to participating policies where policyholders receive bonuses, while NON-PAR products do not offer bonuses.
PAR products provide policyholders with bonuses based on the insurer's profits
Policyholders of NON-PAR products do not receive bonuses
PAR products typically have higher premiums compared to NON-PAR products
Examples of PAR products include whole life insurance and endowment plans
Examples of NON-P...
ULIP is a type of insurance product that combines investment and insurance. It has various charges like premium allocation, fund management, mortality, etc.
ULIP stands for Unit Linked Insurance Plan
It offers both insurance coverage and investment options
Charges associated with ULIP include premium allocation charges, policy administration charges, fund management charges, mortality charges, etc.
Premium allocation charg...
The incentive design includes a mix of commission and bonuses based on achieving sales targets and customer satisfaction ratings.
Commission is based on a percentage of sales revenue generated
Bonuses are awarded for achieving quarterly and annual sales targets
Customer satisfaction ratings also factor into bonus calculations
Incentives are designed to motivate and reward high-performing sales team members
Top trending discussions
posted on 21 Dec 2019
I applied via Shine and was interviewed in Jun 2019. There was 1 interview round.
High level of competition and pressure to meet targets
Intense competition among sales professionals
Constant pressure to meet sales targets
Long working hours and high stress levels
Dealing with rejection and objections from clients
Difficulty in maintaining work-life balance
posted on 30 Mar 2022
I applied via Campus Placement and was interviewed before Mar 2021. There were 3 interview rounds.
posted on 28 Aug 2020
Financial doctors will be given incentives based on their performance in JFM.
Incentives will be given to financial doctors based on their sales performance in January, February, and March (JFM)
The incentives can be in the form of bonuses, commissions, or other rewards
The criteria for performance evaluation can be based on sales targets, customer satisfaction, or other metrics
The incentives should be communicated clearl...
posted on 28 Jul 2021
I applied via Recruitment Consultant and was interviewed before Jul 2020. There was 1 interview round.
The salary scale for the TCI CRM Head role is not available.
The salary scale for the TCI CRM Head role has not been disclosed.
Unfortunately, I do not have access to the salary scale information for the TCI CRM Head role.
I apologize, but I don't have the specific details regarding the salary scale for the TCI CRM Head role.
posted on 6 Jun 2023
I applied via Walk-in and was interviewed in May 2023. There were 3 interview rounds.
To meet at branch manager
posted on 8 Feb 2023
I applied via Referral and was interviewed in Nov 2022. There were 2 interview rounds.
To achieve my promotion goal sheet, I will focus on exceeding sales targets, developing a strong sales team, and implementing effective sales strategies.
Set clear and achievable sales targets
Motivate and train the sales team to improve performance
Implement effective sales strategies and tactics
Build and maintain strong relationships with clients
Continuously analyze market trends and adjust strategies accordingly
Regular...
I will recruit my team in the sales sector by utilizing a combination of traditional and modern recruitment methods.
I will start by creating a detailed job description outlining the qualifications and skills required for the sales manager role.
I will advertise the job opening on various job boards, social media platforms, and professional networking sites to attract a wide pool of candidates.
I will also reach out to my...
posted on 9 Dec 2022
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