ICICI Lombard General Insurance Company Insurance Adviser Interview Questions and Answers

One has to clear irda exam

How to procure a proper financial planning for secure future

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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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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Q1. INSURANCE KNOWLEDGE
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Q2. REGARDING GST KNOWLEDGE
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Q1. Asked about yourself
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IC 38 test conducted by irdai

Q1. Tell me about your yourself
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Q2. What was your CtC etx.
Ans. 
My CtC was $60,000 per year.
• My CtC was $60,000 per year

• CtC stands for Cost to Company

• It includes salary, bonuses, benefits, and any other perks
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Q1. How many products are available in life insurance?
Ans. 
Life insurance offers various products to meet diverse financial needs, including term, whole, and universal life insurance.
• Term Life Insurance: Provides coverage for a specific period, e.g., 10, 20, or 30 years.

• Whole Life Insurance: Offers lifelong coverage with a cash value component.

• Universal Life Insurance: Flexible premium payments and death benefits, with cash value growth.

• Variable Life Insurance: Allows policyho...read more
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Q2. What are the reasons for this company’s formation or establishment?
Ans. 
The company was established to provide comprehensive insurance solutions tailored to meet diverse client needs.
• To address the growing demand for personalized insurance products.

• To fill gaps in the market for specific coverage types, such as cyber insurance.

• To enhance customer service and support through innovative technology.

• To promote financial security and peace of mind for individuals and businesses.
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