Cholamandalam MS General Insurance Senior Process Lead Interview Questions and Answers

Basic mathematics questions and email writing.

Q1. Interview with HR
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Q1. Final interview with Manager
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Q2. Tell me about yourself
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Q3. Are you comfortable with night shift
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Q4. Why should we hire you
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Q1. Related to Job experience
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Q2. Questions related to AML
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Q1. Explain Aml process and it’s importance
Ans. 
AML process refers to Anti-Money Laundering process which is crucial for detecting and preventing financial crimes.
• AML process involves monitoring financial transactions to identify suspicious activities

• It includes customer due diligence to verify the identity of clients and assess their risk level

• AML regulations require financial institutions to report any suspicious transactions to authorities

• Importance of AML proces...read more
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Q2. What are regulators how they worked
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Regulators are entities responsible for monitoring and enforcing rules and regulations in a particular industry or sector.
• Regulators ensure compliance with laws and regulations to protect consumers and maintain fair competition.

• They have the authority to investigate and penalize companies that violate regulations.

• Examples of regulators include the Securities and Exchange Commission (SEC) in the financial industry and t...read more
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Q1. What’s your expectations
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I expect a challenging role with opportunities for growth and development.
• Opportunities for career advancement

• Challenging projects to work on

• Supportive team environment

• Clear expectations and goals set by management
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Q2. Reason for leaving your current organisation
Ans. 
Seeking new challenges and growth opportunities
• Desire for career advancement

• Looking for a more challenging role

• Seeking new learning opportunities

• Company restructuring or downsizing

• Relocation to a new city
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Asked some excel questions

It is easy basic questions related to Accounts, Excel and insurance.

Q1. What is insurance?
Ans. 
Insurance is a contract between an individual and an insurance company where the individual pays premiums in exchange for financial protection against potential losses.
• Insurance is a form of risk management to protect against financial loss.

• Types of insurance include health, life, auto, home, and travel insurance.

• Premiums are paid by the insured to the insurance company in exchange for coverage.

• Insurance policies outli...read more
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Q2. What is type of insurance?
Ans. 
Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.
• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• Types of insurance include life insurance, health insurance, auto insurance, home insurance, and more.

• Insurance helps individuals and businesses manage risk by transferring it to the insurance company.

• Premiums...read more
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Q3. What is Vlook up?
Ans. 
VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value from another column.
• VLOOKUP stands for 'Vertical Lookup'

• It is commonly used in Excel to search for a value in the leftmost column of a table and return a value in the same row from a specified column

• Syntax: =VLOOKUP(lookup_value, table_array, col_index_num, [range_lookup])

• Example: =VLOOKUP(A2, B2:D10, 3, FALSE) - searc...read more
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Q1. Tell me about yourself
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Q2. Basic HR questions
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Q1. If all the things are okay to process an invoice of amount 1 lakh dollars , then what need to check to process the payment??
Ans. 
To process a payment of 1 lakh dollars, check for accuracy of invoice details, approval from relevant authorities, availability of funds, and compliance with company policies.
• Verify accuracy of invoice details such as amount, vendor information, and payment terms

• Ensure approval from authorized personnel or departments

• Confirm availability of funds in the designated account

• Check for compliance with company policies and p...read more
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Q1. Why you want to join Allianz?
Ans. I share about the work culture at Allianz.
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Numerical, Reasoning

Q1. Situational questions were asked and confidence was checked
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Q2. What if you don’t want to see movie of hero that you don’t like
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Q1. Family background question
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You will get some normal question which you get in govt. Exams like reasoning and English.
Also they can ask some questions regarding your work if you are applying on behalf of any specific skills.

Q1. 2nd round is with Manager. Manager will ask you about your previous experience and you will get the questions related to your domain if you are applying on the basis of specific skills.
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