Drip Capital Insurance Associate Interview Questions and Answers

Basic aptitude test to check the right skill set

Q1. Technical knowledge about the role, responsibilities, etc with various situation handling, decision making
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Q1. One on one round with AVP on skill set and knowledge
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Q1. One on one round with the CS head
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Q1. Final discussion on pay package, joining and other stuffs
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Q1. What is your past experience in audit field
Ans. 
I have over five years of experience in the audit field, focusing on financial audits and compliance assessments.
• Conducted financial audits for various clients, ensuring compliance with GAAP and identifying areas for improvement.

• Led a team of auditors in a comprehensive internal audit for a healthcare organization, resulting in a 20% reduction in operational costs.

• Developed audit plans and risk assessments, tailoring a...read more
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Q2. Tell me something about yourself
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Q3. What are the RBI guidelines that are applicable to NBFC
Ans. 
RBI guidelines for NBFCs ensure financial stability, consumer protection, and regulatory compliance in the non-banking sector.
• Registration: NBFCs must be registered with RBI under the Companies Act, 1956.

• Net Owned Funds: NBFCs should maintain a minimum net owned fund of ₹2 crore.

• Capital Adequacy Ratio: A minimum CAR of 15% is required to ensure financial stability.

• Asset Classification: NBFCs must classify assets into s...read more
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Q4. What are expectations from Kissht & payout
Ans. 
Expectations from Kissht include growth opportunities, team collaboration, and competitive payouts based on performance metrics.
• Growth Opportunities: Expect to advance in your career through training and mentorship programs.

• Team Collaboration: A strong emphasis on teamwork to achieve common goals, fostering a supportive work environment.

• Performance-Based Payouts: Compensation linked to individual and team performance, ...read more
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Q1. How do you plan for day?
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Q2. How do you increase sales?
Ans. 
To increase sales, focus on improving product quality, targeting the right audience, and implementing effective marketing strategies.
• Enhance product quality to attract more customers

• Identify and target the right audience for your product

• Implement effective marketing strategies such as social media campaigns, email marketing, and influencer collaborations

• Offer discounts, promotions, or loyalty programs to incentivize pu...read more
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Q3. How do you give feedback?
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Sales related questions and experience related

Q1. Scenario based questions
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Q1. NA no question.
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Q1. NA no questions.
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Q1. What is your previous experience in this job?
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Q2. How to sale a product. Plz sale this item .
Ans. 
To sell a product, understand the customer's needs and show how the product can fulfill them.
• Identify the customer's pain points and how the product can solve them

• Highlight the unique features and benefits of the product

• Create a sense of urgency or scarcity to encourage purchase

• Offer a guarantee or trial period to reduce risk for the customer

• Build rapport and establish trust with the customer
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Q1. Why should I hiring you.
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Q1. Introduce yourself ,are you comfortable to the field sales.
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Java coding questions, basic Java questions.

Q1. Java basics questions.
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Q2. Live coding.
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Q1. Discussion on previous experience and projects.
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Q2. System design question
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Q1. Questions on SQL, Java advanced, personal projects, Java frameworks, UI based questions, Agile methodologies.
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Q2. Interview discussion with the whole team.
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Q1. Benefits discussion.
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Q2. Salary discussion.
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