Interview Questions and Answers

Yes, the company had a good incentive plan in place.

• The incentive plan was designed to motivate and reward sales performance.

• It included a combination of base salary, commission, and bonuses.

• Targets were set for individual sales representatives and teams.

• The plan was transparent and clearly communicated to all employees.

• There were regular performance reviews and adjustments to the plan if needed.

• Examples of incentives included cash bonuses, trips, and recognition awards.

Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the death of the insured person.

• Life insurance is a contract between an individual and an insurance company.

• The insured person pays regular premiums to the insurance company.

• In the event of the insured person's death, the insurance company pays a predetermined amount to the beneficiaries.

• Life insurance provides financial protection and support to the insured person's family or depende...read more

To convince a customer, understand their needs, build trust, offer solutions, and follow up.

• Listen actively to the customer's needs and concerns.

• Provide relevant information and offer solutions that meet their needs.

• Build trust by being honest, transparent, and reliable.

• Follow up with the customer to ensure their satisfaction and address any concerns.

• Provide excellent customer service to create a positive experience.

• Use social proof, such as testimonials or case studies, to d...read more

Rebates under 80C and 10 TTD are tax deductions available to individuals for investments and expenses.

• Rebate under 80C includes investments in instruments like PPF, ELSS, life insurance premiums, etc.

• Rebate under 10 TTD includes deductions for tuition fees paid for children's education.

• Both rebates help individuals reduce their taxable income and save on taxes.

• The maximum limit for rebate under 80C is Rs. 1.5 lakh per financial year.

• The maximum limit for rebate under 10 TTD i...read more

Life insurance provides financial protection for loved ones in case of unexpected events.

• Provides financial security for loved ones in case of the policyholder's death

• Can help cover funeral expenses and outstanding debts

• Offers peace of mind knowing that loved ones will be taken care of financially

• Can be used as an investment or retirement planning tool