ICICI Lombard General Insurance Company Insurance Adviser Interview Questions and Answers

Q1. Tell about yourself where are u from where did u study
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Q2. What u have studied? In which year u have completed graduation
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One has to clear irda exam

How to procure a proper financial planning for secure future

Depending on the exam

Q1. Wht is the life insurance
Ans. 
Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured's death.
• Life insurance provides financial protection for loved ones in the event of the insured's death.

• Premiums are paid regularly to maintain coverage.

• There are different types of life insurance policies such as term life, whole life, and universal life.

• The payout from a life insurance policy can be used to cover ...read more
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Q2. What is recruitment process
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Q1. Why important life insurance
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Q2. Wht is education plans
Ans. 
Education plans are financial products designed to help individuals save and invest for future education expenses.
• Education plans typically involve regular contributions to a savings or investment account.

• The funds can be used for tuition, books, fees, and other education-related expenses.

• Some education plans offer tax advantages or incentives to encourage saving for education.

• Examples of education plans include 529 pl...read more
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You will be asked to have a group discussion on a trending topic

Q1. What you know about the company
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Q2. Why you want this job
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Q1. Difference between inductive & deductive education
Ans. 
Inductive education involves learning through examples and experiences, while deductive education involves learning through rules and principles.
• Inductive education starts with specific examples and experiences, leading to general principles or theories.

• Deductive education starts with general principles or theories, leading to specific examples or applications.

• Inductive education encourages critical thinking and proble...read more
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Q2. Professional goals
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Q1. Asked about yourself
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IC 38 test conducted by irdai

Q1. Tell me about insurance
Ans. 
Insurance is a contract between an individual and an insurance company, providing financial protection against potential losses.
• Insurance is a risk management tool that helps individuals and businesses protect themselves against potential financial losses.

• It involves paying a premium to an insurance company in exchange for coverage and financial compensation in case of specified events or losses.

• Insurance policies can ...read more
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Q2. Tell me about the number of insurance company in India
Ans. 
There are currently 57 insurance companies operating in India.
• India has a well-established insurance industry with a diverse range of companies.

• The insurance sector in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI).

• There are both public and private insurance companies operating in India.

• Some of the major insurance companies in India include LIC (Life Insurance Corporation of I...read more
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