ICICI Lombard General Insurance Company Senior Branch Manager Interview Questions and Answers

Related to sales and management

Q1. Past experience
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Q2. Reliability related questions
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Q1. How to create distribution
Ans. 
Creating distribution involves identifying target markets, establishing channels, and managing logistics.
• Identify target markets based on demographics, psychographics, and geographic factors

• Establish distribution channels such as direct sales, wholesalers, retailers, and online platforms

• Manage logistics efficiently to ensure timely delivery and minimize costs
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Q2. People engagement
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Q1. Strong leadership with people management
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Q2. How to create distribution
Ans. 
Creating distribution involves establishing channels to deliver products or services to customers.
• Identify target market and customer segments

• Develop relationships with distributors or retailers

• Utilize online platforms and e-commerce for wider reach

• Implement effective marketing and promotional strategies

• Monitor and adjust distribution channels based on feedback and performance
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Q1. How to create distribution
Ans. 
Creating distribution involves establishing channels to deliver products or services to customers.
• Identify target market and customer segments

• Develop relationships with distributors or retailers

• Utilize online platforms and e-commerce for wider reach

• Implement effective marketing and promotional strategies

• Monitor and adjust distribution channels based on feedback and performance
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Q2. People engagement
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Q1. Who is the control authority of insurance industry
Ans. 
The control authority of the insurance industry is typically the government regulatory body responsible for overseeing insurance companies.
• The control authority may vary by country, but in the United States, it is the state insurance department.

• The control authority sets regulations and guidelines for insurance companies to ensure they are operating fairly and within the law.

• Examples of control authorities in other cou...read more
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Q2. What is sum assured
Ans. 
Sum assured is the guaranteed amount that an insurance company will pay out in the event of a claim.
• Sum assured is the maximum amount that an insurance policy will pay out to the policyholder or their beneficiaries.

• It is specified in the insurance policy and is agreed upon by the insurer and the policyholder.

• The sum assured can vary depending on the type of insurance policy, such as life insurance, health insurance, or...read more
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Q3. Full form of IRDAI
Ans. 
Insurance Regulatory and Development Authority of India
• IRDAI is the regulatory body for insurance in India

• It was established in 1999

• IRDAI regulates and promotes the insurance industry in India
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Q4. Who is the supreme of IRDAI
Ans. 
The supreme authority of IRDAI is the Insurance Regulatory and Development Authority of India.
• The Insurance Regulatory and Development Authority of India (IRDAI) is the apex body overseeing the insurance sector in India.

• It was established in 1999 by the IRDAI Act, 1999.

• IRDAI's primary role is to regulate and promote the insurance industry in India, ensuring fair practices and protecting the interests of policyholders.

• T...read more
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Q5. Who is conducting to ITDAI 38 exam
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Discussion of previous company work

Goal sheet achieve this company

Q1. What is your thoughts on life insurance?
Ans. 
Life insurance provides financial protection for loved ones in case of unexpected events.
• Life insurance helps provide financial security for dependents in case of the policyholder's death.

• It can cover funeral expenses, outstanding debts, and future financial needs.

• Different types of life insurance include term life, whole life, and universal life.

• Premiums are based on factors like age, health, and coverage amount.

• Life ...read more
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Please verify documents

Q1. Salary discussion
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Q2. Previous experience
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Q3. Which company office Narasaraopet branch work
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Q4. Who many years experience
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Q5. No question sir
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