Altus Group Interview Questions and Answers

Mutual funds are investment vehicles that pool money from multiple investors to invest in a diversified portfolio of stocks, bonds, or other securities.

• Mutual funds are managed by professional fund managers

• They offer diversification and liquidity to investors

• Types of mutual funds include equity funds, debt funds, balanced funds, and index funds

• Equity funds invest in stocks, debt funds in fixed income securities, balanced funds in a mix of both, and index funds track a specifi...read more

Mutual funds are investment vehicles that pool money from multiple investors to invest in stocks, bonds, and other securities. Life insurance provides financial protection to beneficiaries in the event of the policyholder's death.

• Mutual funds are primarily focused on generating returns on investment, while life insurance is focused on providing financial protection to beneficiaries.

• Mutual funds are managed by professional fund managers, while life insurance policies are manag...read more

The insurance sector is highly competitive with many players vying for market share.

• The market position of an insurance company depends on factors such as customer satisfaction, brand recognition, and financial stability.

• Some of the top players in the insurance sector include State Farm, Allstate, and Geico.

• Market share can also be influenced by the types of insurance products offered and the target market.

• In recent years, there has been a trend towards digitalization in the ...read more

ULIP is a life insurance product that combines investment and insurance, while a term plan is a pure life insurance product.

• ULIP provides both investment and insurance benefits, while term plan only provides insurance benefits

• ULIP has a higher premium as compared to term plan

• ULIP offers flexibility in investment options, while term plan does not

• Term plan provides a higher sum assured as compared to ULIP

• ULIP has a lock-in period, while term plan does not

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

• 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 and losses to a home and its contents.

• Liability insurance covers legal fees and damages resulting from lawsuits.