ICICI Prudential Life Insurance Deputy Sales Manager Interview Questions and Answers

General aptitude test

Q1. Why do you choose our concern?
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Q2. Can you explain your previous work experience step on step?
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Q3. The role you choose is irrelevant to previous one what makes believe you that you can survive
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Q4. We have 6 months of probation period for all the payroll staffs,post the probation only you will be a confirmed payroll employee, is that ok for you?
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Q1. About previous role and duties
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Q2. Why do you left the organisation?
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Q1. What about your Previous Experience
Ans. 
I have over 5 years of experience in a similar role, leading teams and implementing successful strategies.
• Managed a team of 15 employees, overseeing their daily tasks and performance

• Implemented new procedures that increased efficiency by 20%

• Collaborated with senior management to develop and execute strategic plans

• Trained new employees on company policies and procedures
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Q2. Your job profile in last two companies
Ans. 
In my last two companies, I worked as a Sales Manager and Operations Manager.
• Managed a team of sales representatives to achieve targets

• Developed and implemented sales strategies to increase revenue

• Oversaw day-to-day operations and ensured efficiency

• Collaborated with cross-functional teams to improve processes
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Q1. What is your working style in agency
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My working style in the agency is collaborative, organized, and results-driven.
• I believe in open communication and teamwork to achieve common goals.

• I prioritize tasks based on deadlines and importance to ensure efficiency.

• I am focused on delivering high-quality results and meeting targets consistently.
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Q2. How many members in your family
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I have 4 members in my family including my parents, my younger sister, and myself.
• My family consists of 4 members

• Includes my parents, younger sister, and myself

• We are a close-knit family
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Q1. Basic qualification
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Q2. What about you
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Q1. Your 1st job in which company
Ans. 
My first job was as a sales associate at ABC Company.
• Worked in the sales department assisting customers with their purchases

• Handled cash transactions and maintained inventory levels

• Provided excellent customer service to ensure customer satisfaction
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Q2. What is oem channel in motor vertical
Ans. 
OEM channel in motor vertical refers to Original Equipment Manufacturer distribution channel in the motor industry.
• OEM channel involves selling products directly to manufacturers who then incorporate them into their own products.

• This distribution channel is common in industries like automotive, electronics, and machinery.

• OEM partners often have exclusive agreements with manufacturers to supply components or products.

• OE...read more
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Q1. How do u handle pressure
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Q2. How to tackle sales
Ans. 
To tackle sales, focus on building relationships, understanding customer needs, offering solutions, and following up consistently.
• Build strong relationships with customers to gain trust and loyalty

• Understand the needs and pain points of customers to offer tailored solutions

• Consistently follow up with leads and clients to maintain engagement

• Utilize effective communication and negotiation skills to close deals

• Stay update...read more
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Q1. What is your aim
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Q2. How to handle pressure
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Handling pressure involves staying organized, prioritizing tasks, taking breaks, seeking support, and maintaining a positive attitude.
• Stay organized by creating to-do lists and setting realistic goals

• Prioritize tasks based on deadlines and importance

• Take breaks to recharge and avoid burnout

• Seek support from colleagues or mentors when feeling overwhelmed

• Maintain a positive attitude by focusing on solutions rather than p
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Q1. Tell me about your last company's working experience.
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Q1. What are the PAR and NON-PAR products in Life Insurance?
Ans. 
PAR products refer to participating policies where policyholders receive bonuses, while NON-PAR products do not offer bonuses.
• PAR products provide policyholders with bonuses based on the insurer's profits

• Policyholders of NON-PAR products do not receive bonuses

• PAR products typically have higher premiums compared to NON-PAR products

• Examples of PAR products include whole life insurance and endowment plans

• Examples of NON-P...read more
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Q2. Tell me about the ULIP and it's charges.
Ans. 
ULIP is a type of insurance product that combines investment and insurance. It has various charges like premium allocation, fund management, mortality, etc.
• ULIP stands for Unit Linked Insurance Plan

• It offers both insurance coverage and investment options

• Charges associated with ULIP include premium allocation charges, policy administration charges, fund management charges, mortality charges, etc.

• Premium allocation charg...read more
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Q1. Do know insurance
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Q2. What do you know insurance
Ans. 
Insurance is a financial product that provides protection against financial losses.
• Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection against specified risks.

• There are various types of insurance such as life insurance, health insurance, auto insurance, property insurance, and more.

• Insurance help...read more
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Q3. What was the benefit of insurance ?
Ans. 
Insurance provides financial protection against unexpected events, giving peace of mind and security.
• Provides financial protection in case of accidents, illnesses, or other unexpected events

• Helps cover the cost of medical treatments, repairs, or replacements

• Offers peace of mind and security for individuals and families

• Can help mitigate financial risks and prevent financial hardship

• Encourages responsible behavior and pl
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Q4. What was the role of life insurance
Ans. 
Life insurance provides financial protection to the insured's family in case of death, ensuring financial stability and security.
• Provides financial protection to the insured's family in case of death

• Ensures financial stability and security for the family

• Can help cover funeral expenses, outstanding debts, and future financial needs

• Offers peace of mind knowing loved ones are financially protected
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Q5. Any key point of life
Ans. 
Always stay positive and never give up on your dreams.
• Maintain a positive attitude in all situations

• Set clear goals and work towards achieving them

• Never lose sight of your dreams and aspirations

• Learn from failures and use them as stepping stones to success
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What work will she be ableto do? Than she hired me, and also did my job very well.

Q1. You have all the documents?
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Q2. What i s your last CTC?
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Q3. No othar question, i got the job within 10 days.
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Q1. Ehat is the menaing of Cot tot
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Q2. What is the meaning of Mdrt
Ans. 
MDRT stands for Million Dollar Round Table, an international association for financial professionals.
• MDRT is a prestigious organization for top financial advisors and insurance agents.

• Members of MDRT must meet certain annual production requirements to qualify.

• MDRT provides networking opportunities, professional development, and recognition for its members.
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Q1. Your family details
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Q2. Your education details
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Q1. Tell us about your performance in your current organization?
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Q2. Family background & Your goal after 5years ?
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Q3. Highest tickets size closure?
Ans. 
Closed a deal worth $500,000 with a major client in the previous quarter.
• Closed a deal worth $500,000 with XYZ Company in Q3.

• Negotiated a contract worth $750,000 with ABC Corporation.

• Secured a deal for $600,000 with DEF Ltd in the last fiscal year.
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Q4. Did you qualified for any foreign trip?
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