Digit Insurance Interview Questions, Process, and Tips

Duration 1Hr
2 coding questions

Q1. Don't remember the questions
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Q2. Don't remember the questions.
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Q1. Basics of GI & Personal achievements in Previous role
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Q1. Team handling and role related questions
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Q1. What are the types of frauds in General Insurance
Ans. 
Types of frauds in General Insurance include premium diversion, false claims, and policy manipulation.
• Premium diversion: When an agent or employee diverts premium payments for personal use.

• False claims: Submitting fake claims for reimbursement.

• Policy manipulation: Altering policy details to obtain more coverage or lower premiums.
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Q2. What are the technicalities to be taken in mind during processing of general insurance claim
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Technicalities to consider during processing of general insurance claim
• Verify policy coverage and limits

• Assess the cause of loss and determine if it is covered

• Gather necessary documentation and evidence

• Evaluate the extent of damage or loss

• Adhere to regulatory requirements and timelines

• Communicate effectively with the insured party
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Q1. What is your expectation
Ans. 
I expect to lead a team to success by setting clear goals, providing support, and fostering a positive work environment.
• Set clear goals and expectations for the team

• Provide support and resources to help team members succeed

• Foster a positive work environment through open communication and recognition of achievements
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Q2. When will you join
Ans. 
I am available to join immediately and can start as soon as needed.
• Available to start immediately

• Flexible with start date

• Can join as soon as needed
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Q1. Discussion for ctc
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Q2. Discussion for offer letter
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Q1. How to apply vlookup in excel sheet
Ans. 
VLOOKUP is a function in Excel used to search for a value in a table and return a corresponding value.
• Select the cell where you want the result to appear

• Type =VLOOKUP(

• Enter the value you want to search for

• Select the range of cells where the value is located

• Enter the column number containing the value you want to return

• Enter FALSE for an exact match or TRUE for an approximate match
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Q2. What is use of pivot table in excel
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Pivot tables in Excel are used to summarize and analyze large amounts of data in a spreadsheet.
• Pivot tables help in organizing and summarizing data from a larger table.

• They allow users to reorganize and summarize selected columns and rows of data.

• Users can easily create reports and analyze trends using pivot tables.

• Pivot tables can also be used to perform calculations and apply filters to data.

• For example, you can use ...read more
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Q3. What is use of sumifs in excel
Ans. 
SUMIFS function in Excel is used to sum values based on multiple criteria.
• SUMIFS function syntax: =SUMIFS(sum_range, criteria_range1, criteria1, [criteria_range2, criteria2], ...)

• Can be used to sum values based on multiple conditions

• Criteria can be text, numbers, dates, logical expressions, etc.

• Example: =SUMIFS(B2:B10, A2:A10, "Apples", C2:C10, ">10")
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Q4. What is use of if and ifs formula in excel
Ans. 
IF and IFs formulas in Excel are used for logical tests and conditional statements to perform different actions based on specified criteria.
• IF formula is used to perform a logical test and return one value if the condition is met, and another value if the condition is not met.

• IFs formula is used to perform multiple logical tests and return a value that corresponds to the first TRUE result.

• Examples: =IF(A1>10, 'Yes',...read more
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Q5. How to apply XLOOKUP in excel
Ans. 
XLOOKUP is a powerful function in Excel used to search for and return values in a range or array.
• XLOOKUP can be used to search for a value in a column or row and return a corresponding value from the same position in another column or row.

• It can handle both vertical and horizontal lookups, as well as return an array of results.

• XLOOKUP can also handle approximate matches and wildcard characters.

• Example: =XLOOKUP(lookup_
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Q6. How do you run any query in SQL
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To run a query in SQL, use the SELECT statement followed by the columns you want to retrieve from a specific table.
• Start by writing the SELECT keyword followed by the column names you want to retrieve

• Specify the table you want to query from using the FROM keyword

• Add any additional conditions using the WHERE clause

• You can also use functions like COUNT, SUM, AVG, etc. for calculations

• End the query with a semicolon to exe
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