Bharti AXA Life Insurance Interview Questions, Process, and Tips

Q1. Basics of sales, Familiarity of the candidate with the insurance sector
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Q2. Family background and other details about personal profile
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Q3. Life insurance products available in the current market
Ans. 
There are various life insurance products available in the market.
• Term life insurance

• Whole life insurance

• Universal life insurance

• Variable life insurance

• Indexed universal life insurance

• Final expense insurance

• Group life insurance

• Joint life insurance
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Q4. What are the top 3 insurance companies you know that are existed in the Indian market
Ans. 
The top 3 insurance companies in the Indian market are LIC, ICICI Prudential, and HDFC Life.
• Life Insurance Corporation of India (LIC) is the largest insurance company in India with a market share of over 70%

• ICICI Prudential is the largest private sector insurance company in India with a market share of around 13%

• HDFC Life is another leading private sector insurance company in India with a market share of around 8%
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Q5. Is general insurance different from traditional life insurance? how?
Ans. 
Yes, general insurance is different from traditional life insurance.
• General insurance covers non-life assets like property, vehicles, health, travel, etc.

• Traditional life insurance covers the life of the policyholder and provides financial support to their beneficiaries in case of death.

• General insurance policies have a shorter term and are renewable annually, while life insurance policies have a longer term and can be...read more
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Q6. What do you know about IRDA?
Ans. 
IRDA stands for Insurance Regulatory and Development Authority of India.
• IRDA is a statutory body that regulates and promotes the insurance industry in India.

• It was established in 1999 under the IRDA Act.

• IRDA issues licenses to insurance companies and agents, and also sets guidelines for their functioning.

• It ensures that insurance companies comply with the regulations and protect the interests of policyholders.

• IRDA also...read more
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Procuring prospects for agent role

Q1. What are your achievements in relation to your previous employers?
Ans. 
I have consistently exceeded sales targets and built strong relationships with clients, resulting in increased revenue for my previous employers.
• Consistently exceeded sales targets by 20% each quarter

• Developed and implemented successful client retention strategies

• Negotiated and closed several high-value contracts with key clients

• Led a team to win 'Top Sales Team' award for three consecutive years
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Q2. What is your key role in achieving the objectives?
Ans. 
My key role in achieving the objectives is to build and maintain strong relationships with clients, understand their needs, and ensure their satisfaction.
• Developing and implementing strategies to enhance client relationships

• Regularly communicating with clients to understand their needs and address any concerns

• Collaborating with internal teams to deliver solutions that meet client expectations

• Monitoring client satisfact...read more
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Q1. How many years of experience do you have?
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Q2. What is the working process for sales?
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Q3. How do you manage the team effectively?
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Q1. Tell me about yourself
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Q2. What is your higher qualifications
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