Edelweiss Life Insurance Branch Manager Interview Questions and Answers

Ask About My Overall Experience

Q1. They Explained me My Job Duties & My Works.
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Q2. What is Expected Salary?
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Q1. What are your salary expectations?
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Q2. What is your family background?
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Q3. Share details of your previous job.
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Q4. Tell me about yourself.
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Q1. Share details of the incentive design of the current role
Ans. 
The incentive design includes a mix of commission and bonuses based on achieving sales targets and customer satisfaction ratings.
• Commission is based on a percentage of sales revenue generated

• Bonuses are awarded for achieving quarterly and annual sales targets

• Customer satisfaction ratings also factor into bonus calculations

• Incentives are designed to motivate and reward high-performing sales team members
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To meet at branch manager

Q1. Experience and old job related issues
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Q2. Which job since old company why should be resigned
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Q1. About family background, my Target,
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Q2. About myself? My experience details?!!!
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Q1. How you will achieve your pramotion goal sheet.
Ans. 
To achieve my promotion goal sheet, I will focus on exceeding sales targets, developing a strong sales team, and implementing effective sales strategies.
• Set clear and achievable sales targets

• Motivate and train the sales team to improve performance

• Implement effective sales strategies and tactics

• Build and maintain strong relationships with clients

• Continuously analyze market trends and adjust strategies accordingly

• Regular...read more
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Q2. How you will recruit your team in which sector
Ans. 
I will recruit my team in the sales sector by utilizing a combination of traditional and modern recruitment methods.
• I will start by creating a detailed job description outlining the qualifications and skills required for the sales manager role.

• I will advertise the job opening on various job boards, social media platforms, and professional networking sites to attract a wide pool of candidates.

• I will also reach out to my...read more
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Q1. Tell me about your last company's working experience.
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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
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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
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Q1. About family & past work experience and how to work life insurance
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Q1. Talk about salary
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