AU Small Finance Bank Deputy Manager Interview Questions, Process, and Tips

Selling life insurance requires building trust, identifying needs, and explaining benefits.

• Build trust by being knowledgeable and transparent

• Identify needs by asking questions and listening to the customer

• Explain benefits by highlighting financial security and peace of mind

• Use real-life examples to illustrate the importance of life insurance

• Offer customized solutions based on the customer's unique situation

Customers will take a life insurance from us because we offer comprehensive coverage and excellent customer service.

• We offer a range of policies to suit different needs and budgets

• Our policies provide financial security for loved ones in case of unexpected events

• We have a team of experienced agents who can guide customers through the process and answer any questions

• We offer competitive rates and flexible payment option...read more

I sold approximately 500 life insurance policies in my previous organization.

• I consistently met and exceeded my sales targets for life insurance policies.

• I utilized various sales techniques such as cold calling, referrals, and networking to generate leads.

• I provided excellent customer service and follow-up to ensure customer satisfaction and retention.

• I also cross-sold other insurance products to existing customers.

• For...read more

The number of policies depends on the company's size, industry, and risk appetite.

• The number of policies should be sufficient to cover all potential risks.

• Policies should be regularly reviewed and updated to ensure they are still relevant.

• Examples of policies include data protection, health and safety, and anti-discrimination.

• The number of policies may vary depending on the company's location and legal requirements.

Banks need life insurance to protect their loans and investments in case of unexpected death of the borrower.

• Life insurance provides financial security to the borrower's family in case of their unexpected death.

• This ensures that the bank's loans and investments are protected and can be recovered.

• It also helps in reducing the risk of default on loans.

• For example, if a borrower takes a loan to start a business and unfort...read more