ICICI Prudential Life Insurance
Peacock Furniture and Panels Interview Questions and Answers
Q1. What is sales What is the difference between sales and marketing
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
Q2. What is sales according to you?
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
Q3. What is marketing according to you
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
Q4. What is your thoughts on life insurance?
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
Q5. Basic difference between life insurance and mutual fund
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
Q6. What is life insurance?
Life insurance is a financial product that provides a lump sum payment to beneficiaries upon the insured person's death.
Provides financial protection for loved ones in case of the insured's death
Can help cover funeral expenses, outstanding debts, and provide income replacement for dependents
Premiums are paid regularly to maintain coverage
Different types include term life, whole life, and universal life insurance
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