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ICICI Prudential Life Insurance Associate Interview Questions and Answers

Updated 18 Sep 2022

ICICI Prudential Life Insurance Associate Interview Experiences

2 interviews found

Associate Interview Questions & Answers

user image Anonymous

posted on 8 Aug 2022

Round 1 - Group Discussion 

5 people including in gd

Round 2 - One-on-one 

(2 Questions)

  • Q1. What is your background
  • Q2. Why should we hire you

Interview Preparation Tips

Interview preparation tips for other job seekers - Good job , but timing is so strictly. You have to travel a lot

Associate Interview Questions & Answers

user image Anonymous

posted on 18 Sep 2022

I applied via Campus Placement and was interviewed before Sep 2021. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Basic details about you, how you convince customer to buy new policy, what will you do if customer not respond you and also dis respect you, etc

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident and stay clam while appearing for interview because they also check your patience

Associate Interview Questions Asked at Other Companies

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Q5. What's IP address and why is it required?

Interview questions from similar companies

I applied via Recruitment Consultant and was interviewed in May 2021. There was 1 interview round.

Interview Questionnaire 

6 Questions

  • Q1. Tell me about yourself
  • Q2. What is tangible asset
  • Ans. 

    A tangible asset is a physical asset that has a measurable value and can be seen or touched.

    • Examples include buildings, land, machinery, and inventory.

    • Tangible assets are typically depreciated over time.

    • They are recorded on a company's balance sheet.

    • Tangible assets can be bought, sold, or traded.

    • They are different from intangible assets, such as patents or trademarks.

  • Answered by AI
  • Q3. What is intangible asset
  • Ans. 

    An intangible asset is a non-physical asset that has no intrinsic value but has value due to its legal or intellectual property rights.

    • Intangible assets include patents, trademarks, copyrights, and goodwill.

    • They cannot be touched or seen but can be owned and traded.

    • Their value is based on their ability to generate revenue or provide a competitive advantage.

    • Intangible assets are recorded on a company's balance sheet and...

  • Answered by AI
  • Q4. What is insurance
  • Ans. 

    Insurance is a contract between an individual and an insurance company to protect against financial loss.

    • Insurance provides financial protection against unexpected events

    • Premiums are paid to the insurance company in exchange for coverage

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

    • Insurance policies have terms and conditions that must be followed to receive benefits

    • Insurance companies use actuarial

  • Answered by AI
  • Q5. What is account payable
  • Ans. 

    Accounts payable is the amount of money a company owes to its suppliers or vendors for goods and services received but not yet paid for.

    • Accounts payable is a liability on the balance sheet.

    • It represents the amount owed to suppliers or vendors for goods or services received.

    • Accounts payable is usually paid within a certain period of time, known as the payment terms.

    • Examples of accounts payable include bills for utilitie...

  • Answered by AI
  • Q6. What is account receivables
  • Ans. 

    Account receivables refer to the money owed to a company by its customers for goods or services provided on credit.

    • It is a type of asset on a company's balance sheet

    • It represents the amount of money owed to the company by its customers

    • It is typically collected within a certain period of time, usually 30-90 days

    • Examples include unpaid invoices, outstanding bills, and overdue payments

  • Answered by AI
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
No response

I applied via Referral and was interviewed in Aug 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - One-on-one 

(1 Question)

  • Q1. What do u mean by IRDAI
  • Ans. Indian Regulatory Development Authority of India
  • Answered Anonymously
Round 3 - HR 

(1 Question)

  • Q1. Introduce yourself

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't be anxious to face the interview,always be confident in answering the interview
Round 1 - One-on-one 

(1 Question)

  • Q1. Basic knowledge on Insurance. Basic knowledge of excel. About Company Comfortable with Shifts

Interview Preparation Tips

Interview preparation tips for other job seekers - Good Place to start you career.
Package is not up to expectation

I applied via Recruitment Consultant and was interviewed in Jan 2021. There were 5 interview rounds.

Interview Questionnaire 

6 Questions

  • Q1. Insurance topics
  • Q2. What is insurance
  • Ans. 

    Insurance is a contract between an individual and an insurance company to protect against financial loss.

    • Insurance provides financial protection against unexpected events

    • Premiums are paid to the insurance company in exchange for coverage

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

    • Insurance policies have terms and conditions that must be followed to receive benefits

    • Insurance helps individuals and bu

  • Answered by AI
  • Q3. Underwriter
  • Q4. Nominee
  • Q5. Premium
  • Q6. Types of insurance
  • Ans. 

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

    • Life insurance provides financial support to beneficiaries upon the policyholder's death.

    • Health insurance covers medical expenses and treatments.

    • Auto insurance covers damages and injuries resulting from car accidents.

    • Home insurance covers damages to the home and personal property.

    • Travel insurance covers unexpected events while traveling, such as trip cance

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be confident about yourself. Think before you say something and try to prove that you are the best choice. Before you attend the interview please get to know about the domain and have good knowledge about the company

I applied via Referral and was interviewed in Jun 2022. There were 3 interview rounds.

Round 1 - Aptitude Test 

It consists of logical,reasoning, insurance, accounts

Round 2 - HR 

(3 Questions)

  • Q1. What is debenture? , whether capital is an asset or liablity?
  • Ans. 

    A debenture is a type of debt instrument that is issued by a company or government entity to raise capital.

    • Debentures are typically long-term investments with a fixed interest rate and maturity date.

    • They are unsecured, meaning they are not backed by any specific collateral.

    • Debenture holders are considered creditors of the company and have a claim on its assets in case of default.

    • Capital is considered a liability as it ...

  • Answered by AI
  • Q2. What is bank reconciliation statement ?
  • Ans. 

    Bank reconciliation statement is a document that compares the bank statement with the company's accounting records.

    • It helps to identify any discrepancies between the two records.

    • It includes items such as deposits, withdrawals, and bank fees.

    • It ensures that the company's financial records are accurate and up-to-date.

    • It is usually prepared on a monthly basis.

    • Example: If the bank statement shows a withdrawal of $100 but t...

  • Answered by AI
  • Q3. What is debentureee ?
  • Ans. 

    A debenture is a type of debt instrument that is not secured by physical assets or collateral.

    • Debenture holders are creditors of the company and have a right to receive interest and principal payments.

    • Debentures can be issued by corporations, governments, and other organizations.

    • Debentures can be convertible or non-convertible, and can have varying maturity dates and interest rates.

    • Debentures are often used as a way fo...

  • Answered by AI
Round 3 - Behavioral 

(1 Question)

  • Q1. Difference between straight line method and diminishing balance method, somemore questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Overall good experience with the company, always be confident
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Feb 2023. There were 2 interview rounds.

Round 1 - One-on-one 

(1 Question)

  • Q1. What do you know about insurance
  • Ans. 

    Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.

    • Insurance is a contract between an individual or entity and an insurance company.

    • The individual or entity pays a premium to the insurance company in exchange for coverage against specific risks.

    • Types of insurance include health insurance, life insurance, auto insurance, and property insurance.

    • Insurance ...

  • Answered by AI
Round 2 - HR 

(1 Question)

  • Q1. What do you like about HDFCergo

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared before going for interview
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Tele me something about yourself
  • Q2. What is insurance
  • Ans. 

    Insurance is a financial protection against potential losses or risks.

    • Insurance is a contract between an individual or entity and an insurance company.

    • The individual or entity pays a premium in exchange for coverage against specific risks.

    • In case of a covered loss, the insurance company compensates the policyholder.

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

    • Insurance helps individuals a...

  • Answered by AI
Round 1 - One-on-one 

(1 Question)

  • Q1. Last company experiance

Interview Preparation Tips

Interview preparation tips for other job seekers - Good job

ICICI Prudential Life Insurance Interview FAQs

How many rounds are there in ICICI Prudential Life Insurance Associate interview?
ICICI Prudential Life Insurance interview process usually has 1-2 rounds. The most common rounds in the ICICI Prudential Life Insurance interview process are One-on-one Round and Group Discussion.
How to prepare for ICICI Prudential Life Insurance Associate interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at ICICI Prudential Life Insurance. The most common topics and skills that interviewers at ICICI Prudential Life Insurance expect are MIS, Monitoring, Sales, Interpersonal Skills and Management.

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ICICI Prudential Life Insurance Associate Interview Process

based on 1 interview

Interview experience

4
  
Good
View more
ICICI Prudential Life Insurance Associate Salary
based on 284 salaries
₹1.7 L/yr - ₹4.2 L/yr
54% less than the average Associate Salary in India
View more details

ICICI Prudential Life Insurance Associate Reviews and Ratings

based on 67 reviews

4.1/5

Rating in categories

4.1

Skill development

3.9

Work-life balance

3.8

Salary

4.3

Job security

4.1

Company culture

3.3

Promotions

3.8

Work satisfaction

Explore 67 Reviews and Ratings
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