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Aegon Life Insurance Procurement Manager Interview Questions and Answers

Updated 30 Jun 2021

Aegon Life Insurance Procurement Manager Interview Experiences

1 interview found

Interview Questionnaire 

4 Questions

  • Q1. What is most important in procurement
  • Ans. 

    Effective supplier management and cost reduction

    • Effective supplier management is crucial for procurement success

    • Cost reduction is a key objective in procurement

    • Strategic sourcing and negotiation skills are important

    • Risk management and compliance are also critical

    • Continuous improvement and innovation are necessary for long-term success

  • Answered by AI
  • Q2. Vendor Management Skills
  • Q3. Why should we Reject you, give on reason
  • Q4. Ans Specific Skill set

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared and get to know your details

Interview questions from similar companies

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

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 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 in Mar 2021.

Interview Questionnaire 

1 Question

  • Q1. Asking questions for my previous company.

Interview Preparation Tips

Interview preparation tips for other job seekers - Listen carefully then reply. Normal and correct information to given at the time of interview.

I applied via Naukri.com and was interviewed in Oct 2019. There were 7 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. I have no question because I love Max life insurance and love Forever.

Interview Preparation Tips

Interview preparation tips for other job seekers - Interview is very marvelous and also very interesting because most of coleage is very intelligent and mostly I love this people because they are polished in their field.

I applied via Recruitment Consultant

Interview Questionnaire 

3 Questions

  • Q1. Types of insurance
  • Ans. 

    Types of insurance include life, health, auto, home, and liability.

    • Life insurance provides financial support to beneficiaries upon the policyholder's death.

    • Health insurance covers medical expenses for policyholders and their dependents.

    • Auto insurance provides coverage for damages and injuries resulting from car accidents.

    • Home insurance protects against damages to the policyholder's home and personal property.

    • Liability ...

  • Answered by AI
  • Q2. Past work experience
  • Q3. Why join maxlife

Interview Preparation Tips

Interview preparation tips for other job seekers - Focus on communication skills

I applied via Recruitment Consultant and was interviewed in Jul 2021. There were 5 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. They Will check your confidence
  • Q2. They want you to stay with the organization for long time
  • Q3. Stick with your basics

Interview Preparation Tips

Interview preparation tips for other job seekers - stay calm during interview. try to speak in hindi.
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Referral and was interviewed in Aug 2023. There were 3 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 - One-on-one 

(1 Question)

  • Q1. What do u mean by IRDAI
  • Ans. Indian Regulatory Development Authority of India
  • Answered Anonymously
Round 3 - HR 

(1 Question)

  • Q1. Introduce yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't be anxious to face the interview,always be confident in answering the interview
Contribute & help others!
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Aegon Life Insurance Interview FAQs

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