Bajaj Allianz Life Insurance Business Sales Manager Interview Questions, Process, and Tips

Q1. Why You wanted to Join BALIC
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Q1. Previous experience, working style
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Q2. Communication skill related
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Q3. How to work in company
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Q4. Why life insurance
Ans. 
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
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Q5. Building relationship with IC
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Building relationships with independent contractors (IC) is crucial for business success.
• Regular communication and check-ins with ICs to ensure their needs are being met.

• Offering support and resources to help ICs succeed in their roles.

• Recognizing and rewarding the contributions of ICs to show appreciation.

• Seeking feedback from ICs on ways to improve the partnership.

• Organizing events or training sessions to foster a se
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Q1. All companies are asking similar questions. 1. Why're you leaving your current company ? 2. What's your salary exeptation? 3. About family ?
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Q2. A1. Due to salary growth and working profile of company I want to join here. A2. 30% hike on my current package.
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Q1. Salary discussion
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Some sales related question

Q1. What is life insurance?
Ans. 
Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured person's death.
• Provides financial protection for loved ones in case of the insured's death

• Can help cover funeral expenses, pay off debts, or replace lost income

• Premiums are paid regularly to maintain coverage

• Different types include term life, whole life, and universal life insurance
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Q1. What is your salary expectation ?
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Q1. How much business you have done in your current company ?
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Q2. Did you get promoted?
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Q3. Did you have a good incentive plan there ?
Ans. 
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 ...read more
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Q1. Share details of your previous job.
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Q1. Share details of your previous job.
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