HDFC Life Assistant Sales Manager Interview Questions and Answers

Fixed accounts have a fixed interest rate and term, while savings accounts have variable interest rates and no fixed term.

• Fixed accounts offer a higher interest rate than savings accounts.

• Fixed accounts have a fixed term, usually ranging from 1 to 5 years.

• Savings accounts have no fixed term and allow for withdrawals at any time.

• Savings accounts have variable interest rates that can change over time.

• Fixed accounts are i...read more

To convince customers to open a savings account, highlight benefits like interest rates, easy access to funds, and security.

• Explain the interest rates and how they can help customers save more money over time

• Emphasize the convenience of having easy access to funds through online banking or ATMs

• Assure customers of the security measures in place to protect their money

• Offer any promotions or incentives for opening a savin...read more

I sell life insurance by understanding the customer's needs and providing them with suitable options.

• I start by building rapport with the customer and understanding their financial goals.

• I explain the benefits of life insurance and how it can protect their loved ones in case of an unfortunate event.

• I offer them different options based on their needs and budget, and help them choose the best plan.

• I follow up with them r...read more