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Axis Max Life Insurance Deputy Manager Interview Questions and Answers

Updated 16 Sep 2024

Q1. what do you know about insurance

Ans.

Insurance is a financial product that provides protection against financial losses.

  • Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection against specified risks.

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

  • Insurance policies typically cover specific risks, such as accidents, illnesses, natural d...read more

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Q2. what is advantages of insurance

Ans.

Insurance provides financial protection against unexpected events, peace of mind, and helps in managing risks.

  • Financial protection against unexpected events such as accidents, natural disasters, or theft

  • Peace of mind knowing that you are covered in case of emergencies

  • Helps in managing risks by transferring them to the insurance company

  • Encourages savings and investment by providing a safety net

  • Can cover medical expenses, property damage, liability claims, and more

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Q3. what are benifits of insurance

Ans.

Insurance provides financial protection against unexpected events, peace of mind, and access to quality healthcare.

  • Financial protection against unexpected events such as accidents, natural disasters, or theft

  • Peace of mind knowing that you are covered in case of emergencies

  • Access to quality healthcare through health insurance plans

  • Helps in managing risks and uncertainties in life

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Q4. Job Experience in same industry

Ans.

I have 5 years of experience in the same industry, working my way up from an entry-level position to a managerial role.

  • Started as a sales associate and consistently exceeded targets

  • Promoted to team leader and trained new hires

  • Managed a team of 10 employees and increased sales by 20%

  • Implemented new customer service strategies resulting in a 95% satisfaction rate

  • Collaborated with upper management to develop and execute marketing campaigns

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Q5. How to retain customer

Ans.

To retain customers, provide excellent customer service, personalize interactions, offer loyalty programs, and seek feedback.

  • Provide excellent customer service to ensure satisfaction and build loyalty.

  • Personalize interactions by remembering customer preferences and addressing them by name.

  • Offer loyalty programs to incentivize repeat business and reward loyal customers.

  • Seek feedback from customers to understand their needs and improve service.

  • Stay in touch with customers throu...read more

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Q6. How would you sell insurance

Ans.

I would sell insurance by understanding the customer's needs, explaining the benefits of the policy, and building trust through clear communication.

  • Identify the customer's needs and concerns

  • Explain the coverage and benefits of the insurance policy in simple terms

  • Build trust by being transparent and addressing any questions or objections

  • Provide personalized recommendations based on the customer's specific situation

  • Follow up with the customer to ensure satisfaction and address ...read more

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Q7. what is insurance

Ans.

Insurance is a financial protection against potential losses or risks.

  • Insurance is a contract between an individual or entity and an insurance company.

  • The individual or entity pays a premium in exchange for coverage against specific risks.

  • In case of a covered loss, the insurance company compensates the insured party.

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

  • Insurance helps individuals and businesses manage financial risks and uncertainties.

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Q8. types of insurance

Ans.

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

  • Life insurance provides financial protection to beneficiaries in case of the insured's death.

  • Health insurance covers medical expenses for illness or injury.

  • Auto insurance protects against financial loss in case of accidents or theft.

  • Home insurance provides coverage for damage to the home and belongings.

  • Disability insurance offers income protection in case of disability preventing work.

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Interview Process at Axis Max Life Insurance Deputy Manager

based on 15 interviews
2 Interview rounds
HR Round
Technical Round
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