HDFC Life BD Manager Interview Questions and Answers

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. Tell me about yourself.
Ans. 
Experienced business manager with a proven track record of driving growth and profitability through strategic planning and team leadership.
• Over 10 years of experience in business management

• Successfully implemented cost-saving measures resulting in a 20% increase in profit margins

• Led a team of 50 employees to exceed sales targets by 30% in the last fiscal year
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Q2. How you will manage your team?
Ans. 
I will manage my team by setting clear goals, providing support and resources, fostering open communication, and recognizing and rewarding achievements.
• Set clear goals and expectations for each team member

• Provide necessary support and resources to help team members succeed

• Foster open communication and encourage feedback from team members

• Recognize and reward achievements to motivate and boost morale
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Q3. Whom will you approach for leaders in Shriram Life Insurance?
Ans. 
I will approach experienced professionals in the insurance industry with a proven track record of leadership.
• Approach individuals who have held leadership positions in insurance companies

• Look for candidates with a strong understanding of the insurance industry and market trends

• Consider professionals with a successful track record of leading teams and driving business growth

• Seek out individuals with excellent communicat
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1:30 hours aptitude test

Q1. About yourself, your family background, internship, why insurance industry, why sales, how do you going to manage it.
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Q1. About yourself, your family background, education details, marks obtained, are you comfortable for pan India location, any location preference and why this location
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Q1. Tell me about your self
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Assessment about life insurance policy

Q1. What is the life insurance?
Ans. 
Life insurance is a contract between an insurer and a policyholder, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.
• Life insurance provides financial protection to the policyholder's beneficiaries in case of their unexpected death.

• It can also be used as an investment tool, with some policies offering cash value accumulation over time.

• There are different types...read more
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Q2. Say about insurance, how will get income on this plans
Ans. 
Income on insurance plans depends on premiums paid by policyholders and investment returns.
• Insurance companies earn income through premiums paid by policyholders

• The premiums are invested in various financial instruments to generate returns

• The investment returns are added to the company's income

• Income can also be earned through fees and commissions

• The amount of income earned depends on the number of policies sold and th...read more
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Q3. Self introduction and about life insurance policy and
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Q4. Previous company , why are job regioned
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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. My General Insurance Journey
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