Canara HSBC Life Insurance Senior Sales Officer Interview Questions and Answers

Q1. Tell me about your last company's working experience.
Add your answer

Q1. What are the PAR and NON-PAR products in Life Insurance?
Ans. 
PAR products refer to participating policies where policyholders receive bonuses, while NON-PAR products do not offer bonuses.
• PAR products provide policyholders with bonuses based on the insurer's profits

• Policyholders of NON-PAR products do not receive bonuses

• PAR products typically have higher premiums compared to NON-PAR products

• Examples of PAR products include whole life insurance and endowment plans

• Examples of NON-P...read more
Answered by AI
Add your answer
Q2. Tell me about the ULIP and it's charges.
Ans. 
ULIP is a type of insurance product that combines investment and insurance. It has various charges like premium allocation, fund management, mortality, etc.
• ULIP stands for Unit Linked Insurance Plan

• It offers both insurance coverage and investment options

• Charges associated with ULIP include premium allocation charges, policy administration charges, fund management charges, mortality charges, etc.

• Premium allocation charg...read more
Answered by AI
Add your answer

Online bt and test and reasoning

Q1. Current ctc and experience
Add your answer

Online assessment and assignment

Q1. Again one hr round
Add your answer
Q2. Expected ctc and expertised in
Add your answer

Q1. What is your designation in last company
Add your answer

Q1. Final round that is about ur age and all
Add your answer

Q1. IREDA full form
Ans. 
Indian Renewable Energy Development Agency
• IREDA is a financial institution in India that promotes and finances renewable energy projects

• It provides financial assistance for renewable energy projects such as solar, wind, biomass, and hydropower

• IREDA plays a crucial role in the development of renewable energy sector in India
Answered by AI
View 1 more answer
Q2. What is Gross period
Ans. 
Gross period refers to the total time frame during which gross sales are calculated.
• Gross period is the duration over which total sales revenue is measured.

• It is typically a monthly, quarterly, or annual period.

• Gross period helps in analyzing sales performance and setting targets for future periods.
Answered by AI
View 1 more answer

Q1. Tell us about your performance in your current organization?
Add your answer
Q2. Family background & Your goal after 5years ?
Add your answer
Q3. Highest tickets size closure?
Ans. 
Closed a deal worth $500,000 with a major client in the previous quarter.
• Closed a deal worth $500,000 with XYZ Company in Q3.

• Negotiated a contract worth $750,000 with ABC Corporation.

• Secured a deal for $600,000 with DEF Ltd in the last fiscal year.
Answered by AI
Add your answer
Q4. Did you qualified for any foreign trip?
Add your answer

Q1. Basick question
Add your answer
Q2. Bio data, before work, family statue,
Add your answer
Q3. Family status, bio data, and basick question for insurance industry
Add your answer

Q1. Bio data,what different between health insurance and life insurance
Ans. 
Health insurance covers medical expenses, while life insurance provides financial protection in case of death.
• Health insurance covers medical expenses such as doctor visits, hospital stays, and prescription medications.

• Life insurance provides a lump sum payment to beneficiaries in the event of the policyholder's death.

• Health insurance is typically used to cover costs related to illness or injury, while life insurance i...read more
Answered by AI
Add your answer

Q1. About family background, my Target,
Add your answer
Q2. About myself? My experience details?!!!
Add your answer

Q1. Why do you want to change
Add your answer

Q1. Questions regarding previous experience and reason for change
Add your answer