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BigBasket Life Insurance Advisor Interview Questions and Answers

Updated 22 May 2023

BigBasket Life Insurance Advisor Interview Experiences

1 interview found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Job Fair and was interviewed in Apr 2023. There were 2 interview rounds.

Round 1 - Technical 

(3 Questions)

  • Q1. What are the 4 types of insurance?
  • Ans. 

    The 4 types of insurance are life insurance, health insurance, property insurance, and liability insurance.

    • Life insurance provides financial protection to the beneficiaries of the policyholder in case of their death.

    • Health insurance covers medical expenses incurred by the policyholder.

    • Property insurance protects against damage or loss of property due to natural disasters, theft, or other events.

    • Liability insurance cove...

  • Answered by AI
  • Q2. What is agent and it's role?
  • Ans. 

    An agent is a person who represents an insurance company and sells insurance policies to clients.

    • Agents act as intermediaries between insurance companies and clients.

    • They help clients understand different insurance policies and choose the one that best suits their needs.

    • Agents also provide assistance with claims and policy renewals.

    • They earn commissions on the policies they sell.

    • Examples of insurance agents include lif...

  • Answered by AI
  • Q3. What is risk in insurance
  • Ans. 

    Risk in insurance refers to the likelihood of an event occurring that will result in a loss for the insured party.

    • Risk is the possibility of loss or damage to the insured party or their property.

    • Insurance companies assess risk and charge premiums based on the level of risk involved.

    • Examples of risk in insurance include car accidents, natural disasters, and illness or injury.

    • Risk can be mitigated through preventative me

  • Answered by AI
Round 2 - One-on-one 

(3 Questions)

  • Q1. What is claims in insurance?
  • Ans. 

    Claims in insurance refer to the process of requesting and receiving compensation for a covered loss or damage.

    • Claims are made by policyholders to their insurance company when they experience a loss or damage that is covered by their policy.

    • The insurance company will investigate the claim to determine if it is valid and covered under the policy.

    • If the claim is approved, the policyholder will receive compensation for th...

  • Answered by AI
  • Q2. A formal request to your insurance provider for reimbursement against losses covered under your insurance policy.
  • Ans. 

    An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy.

  • Answered Anonymously
  • Q3. Why should I hire you?
  • Ans. 

    I have the expertise and experience to provide you with the best life insurance advice and solutions.

    • I have years of experience in the life insurance industry and have helped numerous clients find the right policies for their needs.

    • I stay up-to-date with the latest trends and changes in the industry to ensure that my clients receive the most relevant and accurate advice.

    • I am dedicated to providing personalized service ...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - 1. Identify your career Goals.
2. Dedicate time to the search.
3. Don't limit your search to online resources.
4. Make networking part of your everyday life.
5. Keep yourself busy.
6. Optimize your likedln profile.

Interview questions from similar companies

Interview experience
5
Excellent
Difficulty level
-
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in

Round 1 - One-on-one 

(2 Questions)

  • Q1. Self introduction
  • Q2. How much experience you have

Interview Preparation Tips

Interview preparation tips for other job seekers - Good communication skills
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Case Study 

Being a Vendor manager, how to ensure your business is not dependent on few vendors

Round 2 - Technical 

(2 Questions)

  • Q1. Being vendor manager, how will you work on issues at hand.
  • Ans. 

    As a vendor manager, I will address issues by establishing clear communication channels, setting expectations, monitoring performance, and resolving conflicts promptly.

    • Establish clear communication channels with vendors to address issues effectively

    • Set clear expectations and performance metrics to ensure vendors meet requirements

    • Monitor vendor performance regularly to identify and address any issues promptly

    • Resolve con...

  • Answered by AI
  • Q2. How will you negotiate to improve your commissions on sales
  • Ans. 

    I will negotiate by highlighting my track record of successful sales, demonstrating the value I bring to the company, and proposing a mutually beneficial commission structure.

    • Highlighting past sales successes and achievements

    • Demonstrating the value I bring to the company through my skills and experience

    • Proposing a commission structure that is fair and mutually beneficial

    • Showing willingness to go above and beyond to inc

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be ready with your work experience and study deep into Job description
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Jun 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Knowledge of insurance
  • Q2. Last company details
Round 3 - HR 

(1 Question)

  • Q1. Salary confirm call

Interview Preparation Tips

Interview preparation tips for other job seekers - Knowledge must
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
More than 8 weeks
Result
Selected Selected

I applied via Walk-in

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. What about the sales?
  • Q2. How to convince the customer
  • Ans. 

    Convince customers by understanding their needs, providing clear information, and offering tailored solutions.

    • Listen actively to the customer's concerns and needs

    • Provide clear and concise information about the insurance policy

    • Offer tailored solutions that meet the customer's specific needs

    • Highlight the benefits of the policy and how it can protect the customer

    • Address any objections or questions the customer may have

    • Fol...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed before Jun 2022. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Properly align and format text in your resume. A recruiter will have to spend more time reading poorly aligned text, leading to high chances of rejection.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. What is insurance ? What is sales ? What is your last salary ? Expectation ? Why do company hire you ? About yourself ?
Round 3 - One-on-one 

(4 Questions)

  • Q1. Real time sales questions
  • Q2. Why company should hire you ?
  • Q3. Discuss about no leaves till next 3 months
  • Ans. 

    Employees are not allowed to take any leaves for the next 3 months.

    • Discuss the reasons behind the no leave policy

    • Explain how this may impact employee morale and productivity

    • Provide alternative solutions for employees who may have urgent leave needs

  • Answered by AI
  • Q4. May be possible they will tell you to sell a product

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Walk-in and was interviewed before Jul 2022. There were 2 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. So I went there as a fresher so in the first round they generally ask about which profile you are looking for and some basic questions like what you have done why you want to join sales and kind of that
Round 2 - One-on-one 

(4 Questions)

  • Q1. They just ask about myself I am unable to do job there is a lot pressure are you able to work on the pressure here you have to work from 10 to 7 if you are able to do it then when come and joinery he just ...
  • Q2. Just ask about my family how many members do we are
  • Q3. He just ask about why only join sales
  • Q4. And also he ask about to do the work with faithfulness

Interview Preparation Tips

Interview preparation tips for other job seekers - So I was just going to say that guys be honest with the HR if you are experience guy as well as a fresher please be honest with HR they could be the one who can help you with this salary as well as on the best benefit for usually so as per as my point of view policy Bazaar is not bad place I just have learn a lot from here I just want to thank you policy Bazaar who just hired me and give me a chance to explore myself you should try at least you should give you 6 months to policy we are you should know how to work at pressure is well as you should I like understand so the insurance kind of things as well as

BigBasket Interview FAQs

How many rounds are there in BigBasket Life Insurance Advisor interview?
BigBasket interview process usually has 3 rounds. The most common rounds in the BigBasket interview process are Resume Shortlist, Technical and One-on-one Round.
What are the top questions asked in BigBasket Life Insurance Advisor interview?

Some of the top questions asked at the BigBasket Life Insurance Advisor interview -

  1. What are the 4 types of insuran...read more
  2. What is claims in insuran...read more
  3. What is risk in insura...read more

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BigBasket Life Insurance Advisor Interview Process

based on 1 interview

Interview experience

4
  
Good
View more

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BigBasket Life Insurance Advisor Reviews and Ratings

based on 1 review

3.0/5

Rating in categories

4.0

Skill development

4.0

Work-life balance

5.0

Salary

5.0

Job security

5.0

Company culture

4.0

Promotions

5.0

Work satisfaction

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