Axis Max Life Insurance Sales Manager Interview Questions, Process, and Tips

I come from a close-knit family with a strong work ethic and values.

• My parents have always emphasized the importance of hard work and integrity.

• Growing up, I learned the value of teamwork and collaboration through family activities and projects.

• My siblings and I have always supported and motivated each other to achieve our goals.

• My family has a history of entrepreneurship, which has influenced my career path in sales.

• W...read more

Par insurance products offer guaranteed cash value and dividends, while non-Par insurance products do not.

• Par insurance policies are more expensive than non-Par policies.

• Par policies offer more flexibility in terms of premium payments and policy loans.

• Non-Par policies are simpler and easier to understand.

• Examples of Par policies include whole life and universal life insurance, while term life insurance is a non-Par pol

Tax slabs are the different levels of income at which different tax rates apply.

• Tax slabs vary from country to country and even within a country based on income levels.

• In India, there are four tax slabs based on income levels: 0-2.5 lakhs, 2.5-5 lakhs, 5-10 lakhs, and above 10 lakhs.

• Each tax slab has a different tax rate, with the highest tax rate being applied to the highest income bracket.

• Tax slabs are used to ensure...read more

ULIPs are insurance products with investment options, while mutual funds are pure investment products.

• ULIPs offer both insurance and investment benefits, while mutual funds only offer investment benefits.

• ULIPs have higher charges and fees compared to mutual funds.

• Mutual funds offer more flexibility in terms of investment options and switching between funds.

• ULIPs have a lock-in period, while mutual funds do not.

• Example ...read more

Motivate by setting clear goals, providing incentives, offering training, and creating a positive work environment.

• Set clear and achievable goals for the sales team

• Provide incentives such as bonuses or rewards for meeting or exceeding goals

• Offer training and support to improve sales skills and product knowledge

• Create a positive work environment by recognizing and rewarding success, fostering teamwork, and providing opp...read more

Insurance policies offer tax benefits and protection against unforeseen events, unlike FDs.

• Insurance policies offer tax benefits under various tax slabs, while FDs do not.

• Insurance policies provide protection against unforeseen events such as accidents, illnesses, and death, while FDs do not.

• Insurance policies offer flexibility in terms of premium payments and policy terms, while FDs have fixed terms and interest rates...read more

Insurance is a financial product that provides protection against financial losses resulting from unexpected events.

• Insurance involves a contract between an individual or entity (the insured) and an insurance company (the insurer).

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

• Common types of insurance include health insurance, auto insurance, life insurance, and property ins...read more