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HDFC Life Consultant Trainer Interview Questions, Process, and Tips

Updated 20 Sep 2021

HDFC Life Consultant Trainer Interview Experiences

1 interview found

I applied via Referral and was interviewed in Aug 2021. There were 6 interview rounds.

Interview Questionnaire 

8 Questions

  • Q1. What do you know all about Bancassurance ?
  • Ans. 

    Bancassurance is a partnership between a bank and an insurance company to offer insurance products to bank customers.

    • Bancassurance allows banks to offer insurance products to their customers, providing a one-stop-shop for financial services.

    • The insurance products offered can include life insurance, health insurance, and general insurance such as home and auto insurance.

    • Bancassurance can be beneficial for both the bank ...

  • Answered by AI
  • Q2. How do you do Need Analysis ? How is HLV calculated ? What is Fact Finding ?
  • Ans. 

    Need analysis involves identifying gaps between current and desired states. HLV is calculated based on job requirements. Fact finding is gathering information.

    • Need analysis involves identifying the gap between current and desired states, and determining the root cause of the gap.

    • HLV (Hourly Learning Value) is calculated by dividing the total hours of training required by the job by the total number of hours worked in a...

  • Answered by AI
  • Q3. When was HDFC Life incorporated ?
  • Q4. What are the other ventures of HDFC ?
  • Ans. 

    HDFC has ventures in banking, insurance, asset management, real estate, education loans, and healthcare.

    • HDFC Bank - banking services

    • HDFC Life - life insurance

    • HDFC ERGO - general insurance

    • HDFC Asset Management - asset management services

    • HDFC Realty - real estate services

    • HDFC Credila - education loans

    • HDFC Ergo Health - healthcare services

  • Answered by AI
  • Q5. Written test was also organised. And I secured 96 %
  • Q6. What is solvency margin ? What is AUM of HDFC Life ?
  • Ans. 

    Solvency margin is the excess of assets over liabilities. HDFC Life's AUM is INR 1.5 trillion.

    • Solvency margin is a measure of an insurance company's ability to meet its obligations to policyholders.

    • It is calculated as the excess of assets over liabilities.

    • HDFC Life's AUM (Assets Under Management) is INR 1.5 trillion as of March 2021.

    • A higher solvency margin indicates a stronger financial position of the insurance compa

  • Answered by AI
  • Q7. What is Utmost good faith ? What is principle of contribution ?
  • Ans. 

    Utmost good faith is a principle in insurance contracts that requires both parties to act honestly and disclose all relevant information. Principle of contribution states that if a person is insured by multiple policies, each insurer will pay a proportionate amount of the claim.

    • Utmost good faith requires both parties to act honestly and disclose all relevant information

    • It applies to all types of insurance contracts

    • If o...

  • Answered by AI
  • Q8. On what principles does Insurance pooling depends ?
  • Ans. 

    Insurance pooling depends on the principles of risk sharing and spreading.

    • Risk sharing: the cost of losses is shared among all members of the pool

    • Risk spreading: the pool includes a large number of members to spread the risk

    • Premiums are based on the expected losses of the pool

    • The pool is managed by an insurer or a third-party administrator

    • Examples: health insurance, auto insurance, property insurance

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be cool calm and yourself. One should answer slowly.

Interview questions from similar companies

I applied via Recruitment Consultant and was interviewed before Jan 2021. There were 3 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. Channel sales questions will be asked to you
  • Q2. Team handling questions
  • Q3. Relationship management questions

Interview Preparation Tips

Interview preparation tips for other job seekers - If you are channel sales guy tu you are smart enough to answer

I applied via Referral and was interviewed before Mar 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Wheather u can sell policies or not
  • Ans. 

    Yes, I have experience in selling policies and have a proven track record of achieving sales targets.

    • I have worked as a sales representative for an insurance company for 2 years

    • During my tenure, I consistently exceeded my sales targets by 20%

    • I have a deep understanding of insurance policies and can explain them to customers in a clear and concise manner

    • I am skilled in identifying customer needs and recommending policie

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Just say u can sell insurance 😂😂

I applied via Recruitment Consultant and was interviewed before Nov 2020. There were 4 interview rounds.

Interview Questionnaire 

3 Questions

  • Q1. About ourselves!
  • Q2. Why you want to join us
  • Q3. Why do you want to leave your current organisation

Interview Preparation Tips

Interview preparation tips for other job seekers - Just be confident and try to explain as much as you can about your experience and overall profile.

I applied via Recruitment Consultant and was interviewed before Jul 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. What is Salary scall form TCI CRM Head Roll
  • Ans. 

    The salary scale for the TCI CRM Head role is not available.

    • The salary scale for the TCI CRM Head role has not been disclosed.

    • Unfortunately, I do not have access to the salary scale information for the TCI CRM Head role.

    • I apologize, but I don't have the specific details regarding the salary scale for the TCI CRM Head role.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - ........

I applied via Recruitment Consultant and was interviewed in May 2020. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Are you want to become your career in banca Insurance
  • Q2. Why do you want to choose pnb metlife

Interview Preparation Tips

Interview preparation tips for other job seekers - Thank you very much, it was fantastic interview nothing was difficult simply they ask common question and I have given appropriate answer and one thing I want to suggest they checked that candidate interested to work or not and friend always be specific your answer don't round them they very well known all about thing so dont make fool

I applied via Recruitment Consultant and was interviewed in Jun 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. What's your job in last company, why you leave previous company

Interview Preparation Tips

Interview preparation tips for other job seekers - Good

I applied via Recruitment Consulltant and was interviewed before Jul 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(3 Questions)

  • Q1. How many experience do you have
  • Q2. How you will do you work when you don't have bank support
  • Q3. How you will convence you branch staff
Round 3 - HR 

(2 Questions)

  • Q1. What salary do you expect
  • Q2. What is you current cyc
  • Ans. 

    I'm sorry, I don't understand the question. Could you please clarify?

    • Please provide more context or rephrase the question.

    • I am not sure what you mean by 'current cyc'.

    • Could you please provide more information about what you are asking?

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good for career grouthand also peple whi is wiling to do best tell will aslo get reworad for it.
You can earn incentive you can not imagine

I applied via Recruitment Consultant and was interviewed in Feb 2020. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. How you do insurance business in a public sector bank
  • Q2. Which is the basis document for insurance
  • Ans. 

    The policy document is the basis for insurance.

    • The policy document outlines the terms and conditions of the insurance contract.

    • It specifies the coverage, premium, deductibles, and exclusions.

    • It also includes the policyholder's obligations and responsibilities.

    • Examples of policy documents include auto insurance policies, health insurance policies, and homeowner's insurance policies.

  • Answered by AI
  • Q3. What's the Income Criteria for Term insurance customers
  • Ans. 

    There is no specific income criteria for term insurance customers.

    • Term insurance is designed to provide financial protection to the family of the policyholder in case of their untimely demise.

    • The premium for term insurance is calculated based on various factors such as age, health, lifestyle habits, and the sum assured.

    • While a higher income may result in a higher sum assured, it is not a mandatory requirement for purch...

  • Answered by AI
  • Q4. How are you get lead from open market
  • Ans. 

    To get leads from the open market, I utilize various strategies and channels.

    • I actively network and build relationships with potential clients through industry events and conferences.

    • I leverage social media platforms to connect with prospects and share valuable content.

    • I collaborate with marketing teams to create targeted campaigns and generate leads through email marketing and online advertising.

    • I regularly attend com...

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - It's a very good institution for working here

Interview Questionnaire 

5 Questions

  • Q1. What is mwpa
  • Ans. 

    MWPA stands for Married Women's Property Act.

    • MWPA is a legal act that grants certain property rights to married women.

    • It was enacted to protect the property rights of married women.

    • Under MWPA, a married woman can hold, control, and dispose of her property independently.

    • It ensures that a married woman's property is not automatically transferred to her husband upon marriage.

    • MWPA also provides safeguards against fraudulen...

  • Answered by AI
  • Q2. Why you left your job
  • Ans. 

    Seeking new challenges and opportunities for growth

    • Desire for career advancement

    • Looking for a new challenge

    • Seeking better work-life balance

    • Company restructuring or downsizing

    • Relocation to a new area

  • Answered by AI
  • Q3. What is insurable intrest
  • Ans. 

    Insurable interest refers to the financial or pecuniary interest that a person has in the subject matter of an insurance policy.

    • Insurable interest is the stake or financial interest that a person has in the insured property or person.

    • It is necessary for a valid insurance contract as it ensures that the policyholder will suffer a financial loss if the insured event occurs.

    • Examples of insurable interest include owning a ...

  • Answered by AI
  • Q4. Charges of ulip
  • Ans. 

    ULIP charges refer to the fees and expenses associated with investing in a Unit Linked Insurance Plan.

    • ULIP charges include premium allocation charges, policy administration charges, fund management charges, mortality charges, and surrender charges.

    • Premium allocation charges are deducted from the premium paid by the policyholder and are used to cover initial expenses.

    • Policy administration charges are levied for the main...

  • Answered by AI
  • Q5. How will you prove you as a investment adviser
  • Ans. 

    I will prove myself as an investment adviser through my track record of successful investment strategies, in-depth knowledge of financial markets, and ability to build strong client relationships.

    • Demonstrate a history of successful investment recommendations and portfolio management

    • Showcase expertise in analyzing financial markets and identifying profitable opportunities

    • Highlight strong communication and relationship-b...

  • Answered by AI

HDFC Life Interview FAQs

What are the top questions asked in HDFC Life Consultant Trainer interview?

Some of the top questions asked at the HDFC Life Consultant Trainer interview -

  1. How do you do Need Analysis ? How is HLV calculated ? What is Fact Findin...read more
  2. What is solvency margin ? What is AUM of HDFC Lif...read more
  3. What is Utmost good faith ? What is principle of contributio...read more

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HDFC Life Consultant Trainer Salary
based on 10 salaries
₹2.1 L/yr - ₹7 L/yr
50% less than the average Consultant Trainer Salary in India
View more details

HDFC Life Consultant Trainer Reviews and Ratings

based on 3 reviews

5.0/5

Rating in categories

3.4

Skill development

3.4

Work-life balance

4.7

Salary

4.2

Job security

5.0

Company culture

3.4

Promotions

4.1

Work satisfaction

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