ICICI Prudential Life Insurance Business Trainee Interview Questions and Answers

Sales is the process of selling products or services to customers. Marketing is the process of creating awareness and interest in those products or services.

• Sales involves direct interaction with customers to close deals

• Marketing involves creating a brand image and promoting products or services through various channels

• Sales is focused on generating revenue and meeting sales targets

• Marketing is focused on building relationships with customers and creating long-term value

• Examp...read more

Sales is the process of persuading a potential customer to buy a product or service.

• Sales involves identifying potential customers and their needs

• It requires effective communication and negotiation skills

• Salespeople must be knowledgeable about the product or service they are selling

• The ultimate goal of sales is to close a deal and generate revenue

• Examples of sales include selling cars, insurance policies, and software subscriptions

Marketing is the process of creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

• Marketing involves identifying customer needs and wants

• Developing products or services to meet those needs and wants

• Promoting those products or services to potential customers

• Selling the products or services to customers

• Building and maintaining relationships with customers

• Examples include advertising, public relations...read more

Life insurance provides financial protection for loved ones in case of unexpected events.

• Life insurance is important for providing financial security to dependents in case of the policyholder's death.

• It can help cover funeral expenses, outstanding debts, and provide income replacement for beneficiaries.

• There are different types of life insurance policies such as term life, whole life, and universal life.

• Premiums for life insurance are based on factors like age, health, and co...read more

Life insurance provides financial protection in case of death, while mutual funds are investment vehicles that pool money from multiple investors.

• Life insurance provides a lump sum payment to beneficiaries upon the death of the insured individual.

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

• Life insurance is primarily for protection against financial loss due to death, w...read more