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Aegon Life Insurance Operations Interview Questions and Answers

Updated 11 Oct 2020

Aegon Life Insurance Operations Interview Experiences

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Operations Interview Questions & Answers

user image Anonymous

posted on 11 Oct 2020

I applied via Campus Placement and was interviewed before Oct 2019. There were 5 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. How u deal with overload
  • Q2. Sometime u need to visit client
  • Q3. Why insurance industry
  • Ans. 

    Insurance industry offers a challenging and dynamic work environment with opportunities for growth and innovation.

    • Insurance industry is constantly evolving and presents new challenges every day

    • It offers a diverse range of roles and opportunities for career growth

    • The industry plays a critical role in protecting individuals and businesses from financial risks

    • Innovation and technology are transforming the industry, creati...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just true to urself

Interview questions from similar companies

I was interviewed in Feb 2017.

Interview Questionnaire 

1 Question

  • Q1. Why did you choose marketing as your specialization?
  • Ans. 

    I chose marketing as my specialization because of my passion for creativity, consumer behavior, and strategic thinking.

    • Passion for creativity and innovation in developing marketing campaigns

    • Interest in understanding consumer behavior and psychology to create effective strategies

    • Enjoyment of analyzing market trends and competition to make informed decisions

    • Desire to work in a dynamic and fast-paced industry that allows

  • Answered by AI

Interview Preparation Tips

Skills: Communication And Confidence

I was interviewed before May 2016.

Interview Questionnaire 

3 Questions

  • Q1. What is technical analysis of a stock?
  • Ans. 

    Technical analysis of a stock involves studying historical price and volume data to predict future price movements.

    • It is a method used by traders and investors to make decisions based on price patterns and trends.

    • Technical analysts use various tools and indicators, such as moving averages and chart patterns, to analyze stock price data.

    • The goal is to identify potential buying or selling opportunities and to determine t...

  • Answered by AI
  • Q2. What is current term deposit rate in India?
  • Ans. 

    The current term deposit rates in India vary depending on the bank and tenure.

    • Term deposit rates in India are determined by individual banks.

    • Rates can vary based on the tenure of the deposit.

    • Different banks offer different interest rates for term deposits.

    • Customers can compare rates offered by various banks before making a decision.

    • Term deposit rates are subject to change based on market conditions.

  • Answered by AI
  • Q3. What is ELSS?
  • Ans. 

    ELSS stands for Equity Linked Savings Scheme. It is a type of mutual fund that offers tax benefits under Section 80C of the Income Tax Act.

    • ELSS is a type of mutual fund

    • It invests primarily in equity and equity-related instruments

    • ELSS has a lock-in period of 3 years

    • Investors can claim tax deductions of up to Rs. 1.5 lakh under Section 80C

    • ELSS offers the potential for higher returns compared to other tax-saving instrumen

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: After a season with the students regarding the company background, internship profile, career opportunity, the person asked us to submit our resumes for further proceedings.
Tips: Keep your resume up to date and clean, short and try to cover all important points in that.

Round: Technical Interview
Experience: After some formal introductory question, he directly went to the technical questions regarding the stock market. It took place for 10 minutes. In one question I got stuck. I tried to answer that but he told me, It would be a good choice to skip that question rather than bluffing- as we are interns, not an expert.
Tips: Clear your all concept before the interview. Don't bluff if the answer is not known.

Skills: Finance Basics, Finance Current Affairs
College Name: Birla Global University

I was interviewed before May 2016.

Interview Questionnaire 

1 Question

  • Q1. Tell me about yourself
  • Ans. 

    I am a recent graduate with a degree in Computer Science and a passion for coding and problem-solving.

    • Graduated with a degree in Computer Science

    • Passionate about coding and problem-solving

    • Completed internships at tech companies

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: Shortlist of resume according to akills
Tips: Be confident

Round: HR Interview
Experience: Detail personal info and precised.

Skills: How confident you are, Knowledge about subject
College Name: Birla Institute of Management Technology

I was interviewed in Dec 2016.

Interview Questionnaire 

7 Questions

  • Q1. Tell me about yourself
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • I have a Bachelor's degree in Statistics and experience in analyzing large datasets

    • I am proficient in using statistical software such as R and Python

    • I have a proven track record of identifying trends and providing actionable insights to drive business decisions

  • Answered by AI
  • Q2. How does Insurance companies work ?
  • Ans. 

    Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.

    • Insurance companies collect premiums from policyholders in exchange for coverage.

    • They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.

    • Insurance companies invest the collected premiums to generate income and ensure they have suffic...

  • Answered by AI
  • Q3. Who is an actuary and what are his roles ?
  • Ans. 

    An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.

    • Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss

    • Designing insurance policies and pension plans based on risk assessments

    • Helping companies make informed decisions on managing risks and setting premiums

    • Advising on investment strategies to ensure ...

  • Answered by AI
  • Q4. What is India's GDP and its growth rate ?
  • Ans. 

    India's GDP is $2.7 trillion with a growth rate of 4.2%.

    • India's GDP is one of the largest in the world.

    • As of 2020, India's GDP was $2.7 trillion.

    • The growth rate of India's GDP in 2020 was 4.2%.

    • India's GDP growth rate has been fluctuating over the years.

    • The COVID-19 pandemic had a significant impact on India's GDP growth.

  • Answered by AI
  • Q5. What are the Pros and Cons of Demonetization ?
  • Ans. 

    Demonetization has pros and cons that impact various aspects of the economy and society.

    • Pros: Curbing black money, reducing corruption, promoting digital transactions

    • Cons: Initial economic disruption, inconvenience to the public, impact on informal sector

    • Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.

    • Example of a con: Small businesses and daily wage workers f

  • Answered by AI
  • Q6. If there are two data sets each with 100 variables and having 10000 and 12000 policies verify the validity of the second data set assuming the first one is accurate.
  • Ans. 

    The validity of the second data set can be verified by comparing it with the first data set.

    • Compare the variables in both data sets to ensure they are the same.

    • Check if the number of policies in the second data set matches the number stated.

    • Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.

    • Validate the accuracy of the second data set by cross-referencing it with external so

  • Answered by AI
  • Q7. Why do you want to work as an analyst ?
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive informed decision-making.

    • I enjoy problem-solving and critical thinking, which are essential skills for an analyst.

    • I have a strong attention to detail and excel at organizing and interpreting complex information.

    • I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.

    • I believe that my analytical skills can contr...

  • Answered by AI

Interview Preparation Tips

College Name: IIT Madras
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in May 2024. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Tell me something about your self
  • Ans. 

    I am a dedicated and experienced professional with a strong background in leadership and team management.

    • Over 5 years of experience in supervisory roles

    • Proven track record of successfully leading teams to achieve goals

    • Strong communication and interpersonal skills

    • Ability to problem-solve and make decisions under pressure

  • Answered by AI
  • Q2. Tell me about the place you were staying (Kakinada)
  • Ans. 

    I was staying in Kakinada, a coastal city in Andhra Pradesh known for its beautiful beaches and delicious seafood.

    • Kakinada is a coastal city in Andhra Pradesh

    • Known for its beautiful beaches

    • Famous for delicious seafood

    • Has a vibrant local culture and friendly people

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident about yourself while attending the interview

I applied via Walk-in and was interviewed in May 2022. There were 4 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Aptitude Test 
Round 3 - Assignment 
Round 4 - HR 

(1 Question)

  • Q1. Disscusion of package

Interview Preparation Tips

Interview preparation tips for other job seekers - Best company in whole all Company in bancassurance HDFC Bank Limited

Interview Questionnaire 

1 Question

  • Q1. Why you want to come is insurance sector
  • Ans. 

    I am passionate about helping people protect their assets and loved ones through insurance.

    • I have a strong desire to help individuals and families plan for the unexpected.

    • I believe in the importance of financial security and peace of mind that insurance provides.

    • I am interested in the dynamic and evolving nature of the insurance industry.

    • I enjoy analyzing risks and finding solutions to mitigate them.

    • I have a background...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Aptitude & Reasoning

Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Oct 2023. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Tell about the insurance industry
  • Ans. 

    The insurance industry involves providing financial protection against risks such as accidents, illnesses, and natural disasters.

    • Insurance companies collect premiums from policyholders in exchange for coverage against specified risks.

    • Types of insurance include health, life, auto, home, and property insurance.

    • Insurance policies outline the terms and conditions of coverage, including premiums, deductibles, and limits.

    • Cla...

  • Answered by AI
  • Q2. What is the role of irdai
  • Ans. 

    IRDAI (Insurance Regulatory and Development Authority of India) is a regulatory body that oversees the insurance industry in India.

    • Regulates and supervises insurance companies to ensure compliance with regulations

    • Protects the interests of policyholders

    • Promotes fair competition in the insurance sector

    • Issues guidelines and regulations for insurance companies

    • Resolves disputes between policyholders and insurance companies

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Na
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Why you choose this post
  • Ans. 

    I chose this post because of my passion for sales and my proven track record of exceeding targets.

    • Passion for sales

    • Proven track record of exceeding targets

    • Opportunity for growth and advancement

    • Desire to work in a dynamic and challenging environment

  • Answered by AI
  • Q2. Why you want to join here
  • Ans. 

    I am excited about the company's innovative products and strong market presence.

    • Impressed by company's reputation in the industry

    • Excited about the opportunity to work with innovative products

    • Interested in contributing to the company's growth and success

  • Answered by AI
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