Axis Max Life Insurance Interview Questions, Process, and Tips

Q1. About previous experience and knowledge regarding insurance.and how we will convince them
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Q1. Tell us about your self
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Q2. Why should I hire you?
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Q3. Where you want to see yourself after 5 year's
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Asked to work on a assignment with few questions on social media, brand track & secondary research.

Q1. How do you calculate brand equity
Ans. 
Brand equity is calculated by assessing the value of a brand based on consumer perception, brand awareness, brand loyalty, and brand associations.
• Calculate brand value based on consumer perception and brand awareness

• Assess brand loyalty through customer retention rates and repeat purchases

• Evaluate brand associations by analyzing the positive or negative attributes linked to the brand

• Consider factors such as market shar
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Q1. Previous company profile and job description,education qualification,what MWP,what is employer and employee
Ans. 
Previous company profile, job description, education qualification, MWP, employer and employee details.
• Previous company profile: XYZ Corporation, a leading financial services firm.

• Job description: Managed a team of financial sales representatives, set sales targets, and developed strategies to meet goals.

• Education qualification: Bachelor's degree in Finance or related field.

• MWP: MWP stands for Most Wanted Profile, whic...read more
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Q2. About counter share
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Q1. With zonal head
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Q1. Salary and package
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Q1. How to grow sale's How convincing customer. How to up sales
Ans. 
To grow sales and convince customers, focus on building relationships, understanding their needs, providing solutions, and offering excellent customer service.
• Build strong relationships with customers by actively listening to their needs and providing personalized solutions.

• Understand the customer's pain points and offer products or services that address those specific needs.

• Provide excellent customer service by being ...read more
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Q1. All good fantastic
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Q1. Only Decipline have very good
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Q1. 1. tell me about yourself . 2. Write an email to customer.
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Q2. 1 . What is a insurance 2 . How to work insurance
Ans. 
Insurance is a contract between an individual and an insurance company to protect against financial loss.
• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• The individual pays a premium to the insurance company in exchange for coverage.

• The insurance company assesses the risk of providing coverage and determines the premium based on that risk.

• There are d...read more
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Q3. 1. What is a IRDAI 2 what is a 80c section
Ans. 
IRDAI is the regulatory body for insurance in India. Section 80C of Income Tax Act provides tax benefits for certain investments.
• IRDAI stands for Insurance Regulatory and Development Authority of India

• It regulates and promotes the insurance industry in India

• It ensures fair treatment to policyholders and monitors insurance companies' financial stability

• Section 80C of Income Tax Act allows tax deductions up to Rs. 1.5 la...read more
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Q4. What is types of underwriting? What is sections 10(10d)?
Ans. 
Types of underwriting include life, health, property, and casualty. Section 10(10d) refers to tax exemption on life insurance policies.
• Life underwriting involves assessing the risk of insuring a person's life and determining the premium.

• Health underwriting involves assessing the risk of insuring a person's health and determining the premium.

• Property underwriting involves assessing the risk of insuring a property and de...read more
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Q5. What is free look period? What is grace period.?
Ans. 
Free look period is a time frame given to policyholders to review and cancel their insurance policy without penalty. Grace period is an additional time given to pay the premium after the due date.
• Free look period is usually 15-30 days after the policy is issued.

• During the free look period, the policyholder can cancel the policy and receive a full refund of the premium paid.

• Grace period is usually 15-30 days after the p...read more
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