ICICI Lombard General Insurance Company Management Trainee Interview Questions and Answers

Q1. What is health insurance?
Add your answer
Q2. Why people do insurance?
Ans. 
People do insurance to protect themselves financially from unexpected events or losses.
• To protect themselves financially from unexpected events or losses

• To comply with legal requirements (e.g. car insurance)

• To provide financial security for their loved ones in case of death or disability

• To cover expensive medical treatments or procedures

• To safeguard their assets and investments

• To gain peace of mind and reduce financial
Answered by AI
Add your answer
Q3. Why insurance is necessary?
Ans. 
Insurance is necessary to protect individuals and businesses from financial losses due to unexpected events.
• Provides financial protection against risks such as accidents, natural disasters, and illnesses

• Helps individuals and businesses recover from losses without facing financial ruin

• Promotes financial stability and peace of mind for policyholders

• Mandatory in some cases, such as auto insurance for drivers

• Encourages res...read more
Answered by AI
Add your answer

The topic was abstract and we were given 1 minute to prepare for it and then GD itself was around 12 mins

Q1. Why do you want to work in Insurance Industry
Ans. 
I am passionate about helping individuals and businesses protect themselves from financial risks and uncertainties.
• Interest in risk management and financial planning

• Opportunity to educate clients on the importance of insurance

• Desire to work in a stable and growing industry

• Potential for career advancement and professional development
Answered by AI
Add your answer
Q2. What do you know about General Insurance
Ans. 
General insurance provides financial protection for assets such as home, car, and business against unforeseen events.
• General insurance covers a wide range of assets and liabilities, excluding life insurance.

• It includes insurance for property, vehicles, travel, health, and business.

• General insurance policies typically have a fixed term and premium amount.

• Claims can be made for damages or losses covered under the policy,...read more
Answered by AI
Add your answer

Simple LRDI, english questions

Q1. About the company
Add your answer
Q2. Why you want to join this role
Ans. 
I am passionate about developing my leadership skills and contributing to the growth of the company.
• Desire to learn and grow in a leadership role

• Excited about contributing to the success of the company

• Seeking opportunities for professional development and advancement

• Passionate about making a positive impact in the organization
Answered by AI
Add your answer
Q3. About the internship
Add your answer