Bharti AXA Life Insurance Interview Questions and Answers

Insurance is a financial product that provides protection against potential financial losses. Shares are units of ownership in a company. Stock market is a platform where shares of publicly traded companies are bought and sold.

• Types of insurances include life insurance, health insurance, property insurance, and car insurance.

• Insurance is important because it helps individuals and businesses manage risks and protect themselves financially.

• Shares represent ownership in a compan...read more

Insurance is a contract between an individual and an insurance company to protect against financial loss.

• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

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

• There are different types of insurance such as life, health, auto, and home insurance.

• Insurance policies have terms and conditions that outline what is covered and what is not.

• Insurance com...read more

Paid up in insurance refers to a policy that no longer requires premium payments, grace period is typically 30 days, HLV is the present value of an individual's future earnings.

• Paid up in insurance means the policy no longer requires premium payments and the benefits are reduced accordingly.

• Grace period of a policy is typically 30 days, during which the policyholder can pay the premium without any penalty.

• HLV (Human Life Value) is the present value of an individual's future e...read more

To understand customer needs, listen actively, ask probing questions, analyze data, offer personalized solutions, and seek feedback for continuous improvement.

• Listen actively to the customer to understand their concerns and preferences

• Ask probing questions to uncover underlying needs and motivations

• Analyze data such as past purchases, demographics, and behavior to tailor solutions

• Offer personalized solutions that address the customer's specific needs and goals

• Seek feedback fr...read more

To generate business from a bank, it is important to build strong relationships with key stakeholders, offer tailored products and services, provide training and support, and continuously monitor and analyze performance.

• Build strong relationships with key stakeholders such as branch managers and staff

• Offer tailored products and services that meet the specific needs of the bank's customers

• Provide training and support to bank employees to help them understand and sell insurance...read more