ICICI Prudential Life Insurance Branch Manager Interview Questions, Process, and Tips

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

• 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 life insurance, health insurance, auto insurance, home insurance, and more.

• Insurance helps ...read more

Salary negotiable means that the salary offered for the position is open to discussion and potential adjustment based on the candidate's qualifications and negotiation skills.

• Salary negotiable indicates that the initial salary offer is not fixed and can be adjusted through negotiation.

• Candidates can potentially negotiate for a higher salary based on their experience, skills, and the company's budget.

• It is important for...read more

I will handle sales targets by setting clear goals, motivating my team, analyzing data, and adjusting strategies as needed.

• Set clear and achievable sales targets for myself and my team

• Motivate and incentivize team members to reach their targets

• Regularly analyze sales data to track progress and identify areas for improvement

• Adjust sales strategies as needed based on data and market trends

• Provide ongoing training and sup

A term plan is a type of life insurance policy that provides coverage for a specified period of time.

• Term plans offer a death benefit to the beneficiaries if the insured individual passes away during the term of the policy.

• Premiums for term plans are typically lower compared to other types of life insurance policies.

• Term plans do not have a cash value component like whole life insurance policies.

• Common terms for term p...read more