Bajaj Allianz Life Insurance Management Trainee Interview Questions and Answers

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Q1. Sales pitch on my internship
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Q2. Situational based questions as the area is new so how you will grow the market size assuming you are alone.
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Reasoning, English, mathematics, Gk

Q1. Insurance related
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Q2. What is insurance
Ans. 
Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against potential losses.
• Insurance is a risk management tool that helps individuals and organizations protect themselves against financial losses.

• It involves paying a premium to an insurance company in exchange for coverage against specific risks.

• Insurance policies can cover various ar...read more
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Q3. Who is regulate of insurance
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The regulatory authority for insurance varies by country.
• In the United States, insurance is regulated at the state level by individual state insurance departments.

• In the United Kingdom, the Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) regulate insurance.

• In India, the Insurance Regulatory and Development Authority of India (IRDAI) is the regulatory body for insurance.

• Other countries ma...read more
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Q4. Life insurance and types
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Q5. What is premium
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Premium is the additional amount paid for a higher quality or more desirable product or service.
• Premium refers to the extra cost paid for a product or service that is considered superior or of higher value.

• It is often associated with luxury or high-end items.

• Premium can also refer to the amount paid for an insurance policy, which is based on the level of coverage and risk.

• For example, a premium car brand like Mercedes-...read more
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