ICICI Lombard General Insurance Company Business Development Manager Interview Questions and Answers

Experienced business development professional with a proven track record of driving revenue growth and building strong client relationships.

• Over 5 years of experience in business development roles

• Successfully increased sales by 30% in previous position

• Skilled in identifying new business opportunities and negotiating contracts

• Strong communication and interpersonal skills

• MBA in Business Administration from XYZ University

Seeking new challenges and growth opportunities.

• Looking for a new challenge to further develop my skills and experience

• Seeking opportunities for career growth and advancement

• Want to explore new industries or sectors

• Desire for a change in work environment or company culture

I am passionate about helping individuals and businesses protect themselves from financial risks.

• I have a strong interest in finance and risk management.

• I enjoy working in a dynamic and fast-paced industry.

• I believe in the importance of insurance in providing security and peace of mind to individuals and businesses.

• I am excited about the opportunity to help clients find the best insurance solutions for their needs.

Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection against potential losses.

• Insurance provides financial protection against unexpected events or losses.

• Types of insurance include health, life, auto, home, and business insurance.

• Premiums are paid by the insured to the insurance company in exchang...read more

There are several types of insurance, including life, health, auto, home, and business insurance.

• Life insurance covers the policyholder in case of death, providing financial support to beneficiaries.

• Health insurance helps cover medical expenses, including doctor visits, prescriptions, and hospital stays.

• Auto insurance protects against financial loss in case of accidents or theft involving a vehicle.

• Home insurance provi...read more

Life insurance provides financial protection in case of death, while general insurance covers a wide range of non-life risks.

• Life insurance provides a payout to beneficiaries in case of the insured's death, while general insurance covers risks such as property damage, theft, and liability.

• Life insurance is typically long-term and covers the insured's entire life, while general insurance is usually short-term and covers...read more

IRDAI stands for Insurance Regulatory and Development Authority of India.

• Regulatory body for insurance sector in India

• Established in 1999

• Protects the interests of policyholders

• Promotes and regulates the insurance industry

• Issues licenses to insurance companies

I have a proven track record of driving business growth through strategic planning and relationship building.

• Extensive experience in identifying new business opportunities and developing innovative strategies to capitalize on them

• Strong communication and negotiation skills to build and maintain relationships with clients and partners

• Track record of exceeding sales targets and driving revenue growth

• Ability to lead and m...read more