ICICI Lombard General Insurance Company Trainee Interview Questions and Answers

Q1. What is insurance
Ans. 
Insurance is a financial protection that provides coverage against potential losses or damages.
• Insurance is a contract between the insured (policyholder) and the insurer (insurance company).

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

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

• Insurance helps individuals and businesses manage risks and protect...read more
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Q2. You will sell insurance
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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
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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
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Work from home or work from office

Q1. Sales pitch on my internship
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Q2. Situational based questions as the area is new so how you will grow the market size assuming you are alone.
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Q1. Tell us about your self
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Q2. Why should I hire you?
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Q3. Where you want to see yourself after 5 year's
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Q1. Self intro and family background
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Q2. Field work experience
Ans. 
Yes
• I have extensive field work experience in various industries.

• I have conducted market research and collected data on customer preferences.

• I have supervised field teams and ensured project completion within deadlines.

• I have developed strategies based on field observations to improve operational efficiency.

• I have implemented and monitored field experiments to test new products or processes.
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Q3. Interest in subjects
Ans. 
I have a keen interest in subjects related to business management and marketing.
• I enjoy learning about different marketing strategies and how they can be applied in real-life scenarios.

• I am also interested in studying consumer behavior and market research.

• In addition, I have taken courses in finance and accounting to gain a better understanding of business operations.

• Overall, my passion for these subjects has motivated
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