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ICICI Prudential Life Insurance
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ICICI Prudential Life Insurance Senior Financial Service Manager Interview Questions, Process, and Tips
Top ICICI Prudential Life Insurance Senior Financial Service Manager Interview Questions and Answers
- Q1. (9) One scenario will be portrayed as :- You are with a person convincing him to opt for Life Insurance plan , but he says why should I go for it as all the benefit will ...read more
- Q2. (8) State the Top 3 Insurance players in the market , Why Private Insurance Firms are holding a strong market position in the present scenario surpassing the so called Gi ...read more
- Q3. (4) Which product is in high demand and makes it unique as compared to another competitors in the market ?
ICICI Prudential Life Insurance Senior Financial Service Manager Interview Experiences
9 interviews found
Anonymous
Selected
I applied via Referral and was interviewed before Dec 2023. There was 1 interview round.
(2 Questions)
- Q1. How you do all the work
- Q2. What your skills
Selected
I applied via Recruitment Consulltant and was interviewed before Jan 2022. There were 2 interview rounds.
(4 Questions)
- Q1. What is Insurance policy??
- Ans.
An insurance policy is a contract between an individual and an insurance company to provide financial protection against potential losses.
Insurance policies can cover a variety of risks, such as health, property, and liability.
The policyholder pays a premium to the insurance company in exchange for coverage.
The terms and conditions of the policy are outlined in a document called the policy contract.
The policy contract ...
- Q2. What is your achievement in last organization?
- Q3. Will u relocate to work?
- Q4. Salary expectations?
Interview Preparation Tips
I applied via Recruitment Consultant and was interviewed in Nov 2021. There were 12 interview rounds.
Interview Questionnaire
7 Questions
- Q1. Tell me about yourself?
- Q2. Why did you exit your last company?
- Q3. What is insurance? Why it is important?
- Ans.
Insurance is a risk management tool that provides financial protection against potential losses.
Insurance is a contract between an individual or organization and an insurance company.
It involves paying a premium in exchange for coverage against specific risks.
Insurance helps individuals and businesses manage the financial impact of unexpected events.
It provides peace of mind by transferring the risk of potential losses...
- Q4. What do you know about icici prudential Life insurance company?
- Q5. Who referred you in this job?
- Q6. Did you have joining letter, three months payslips, relieving and experience letter from your previous companies?
- Q7. What is your life's goal?
Interview Preparation Tips
I applied via Naukri.com and was interviewed in Nov 2021. There was 1 interview round.
Interview Questionnaire
10 Questions
- Q1. (1) Why did you choose the Insurance industry ?
- Q2. (2) Why only ICICI Prudential Life Insurance , as there are many more companies ?
- Q3. (3) State the different products of ICICI Prudential Life Insurance ?
- Ans.
ICICI Prudential Life Insurance offers a range of products to cater to different needs of customers.
ICICI Pru iProtect Smart - a term insurance plan
ICICI Pru Heart/Cancer Protect - a critical illness plan
ICICI Pru Wealth Builder II - a savings and investment plan
ICICI Pru Guaranteed Wealth Protector - a guaranteed return plan
ICICI Pru Elite Life II - a unit-linked insurance plan
ICICI Pru Cash Advantage - a money-back p
- Q4. (4) Which product is in high demand and makes it unique as compared to another competitors in the market ?
- Ans.
The high demand product that makes it unique compared to competitors is our innovative mobile banking app.
Our mobile banking app offers a user-friendly interface and advanced features.
It allows customers to easily manage their finances on the go.
The app provides real-time notifications and alerts for transactions and account updates.
It offers seamless integration with other financial services, such as bill payments and...
- Q5. (5) How would you pool the potential advisors/partners to link up with the ICICI Prudential Life Insurance ?
- Q6. (6) How will you drive clients to land-up having a possession of ICICI Prudential Life Insurance products ?
- Ans.
I will leverage my network, provide excellent customer service, and offer customized solutions to drive clients towards ICICI Prudential Life Insurance products.
Leverage my network to reach out to potential clients
Provide excellent customer service to build trust and loyalty
Offer customized solutions based on clients' needs and preferences
Educate clients about the benefits of ICICI Prudential Life Insurance products
Col...
- Q7. (7) What difference can be assured/reflected by your presence in our organization (ICICI Prudential Life Insurance) ?
- Q8. (8) State the Top 3 Insurance players in the market , Why Private Insurance Firms are holding a strong market position in the present scenario surpassing the so called Giant "LIC" ?
- Ans.
Private insurance firms have surpassed LIC due to their innovative products, customer-centric approach, and efficient operations.
Private insurance firms offer innovative products that cater to the changing needs of customers.
They have a customer-centric approach and focus on providing personalized solutions.
Private insurers have efficient operations and use technology to streamline processes.
Examples of top private ins...
- Q9. (9) One scenario will be portrayed as :- You are with a person convincing him to opt for Life Insurance plan , but he says why should I go for it as all the benefit will be given after his death ( State so...
- Ans.
Suggest benefits of life insurance plan while alive.
Life insurance plans offer tax benefits and can be used as collateral for loans.
Some plans offer cash value accumulation that can be used for retirement or emergencies.
Critical illness riders can provide financial support in case of a serious illness.
Accidental death and dismemberment riders can provide additional coverage for unexpected events.
Term life insurance pla...
- Q10. (10) State briefly your past experience ?
Interview Preparation Tips
(Just be natural and all will be fine.)
(2) There are 4 channels :-
(a) Banca (Banks gives us the leads)
(b) Partnership Distributors {PD} (Brokerage Companies like Gennext, NJ acts as a middle-man and provides the leads through various advisors)
(c) PSF (This channel is also good)
(d) Agency (Avoid going into the agency channel as it is all about pulling the customers from open market which is the toughest one. Many people quit their jobs in this Agency Channel.
(3) Before taking upon the job ,
Know which Channel you will be working with and your roles & responsibilities.
ICICI Prudential Life Insurance interview questions for designations
Selected
I applied via campus placement at Jiwaji University and was interviewed before Feb 2023. There was 1 interview round.
(2 Questions)
- Q1. Self introduction
- Q2. Insurance industry knowledge
Get interview-ready with Top ICICI Prudential Life Insurance Interview Questions
I applied via Recruitment Consultant and was interviewed in Jul 2021. There were 5 interview rounds.
Interview Questionnaire
4 Questions
- Q1. Why r u coming in this field ? Tell me some things regarding Life insurance. And I have experience in same field so they are asked related question..
- Q2. Tell me your old company's work and responsible cultural..and why are leaving the old company?.
- Q3. This is full pressure and field work so i hope you cant do this job!
- Ans.
Yes, I am confident that I can handle the full pressure and field work required for this job.
I have experience working in high-pressure environments and have developed strong time-management and prioritization skills.
I am comfortable with field work and have experience working with clients in various settings.
I am a quick learner and am able to adapt to new situations and challenges.
I am committed to delivering high-qu...
- Q4. Tell me some your self ,like strength and weakness!..
Interview Preparation Tips
1st round is very easy..(Yourself)
2nd round - uppers some questions
3rd - like same questions..
I applied via Naukri.com and was interviewed before Sep 2021. There were 3 interview rounds.
(1 Question)
- Q1. Tell about yourself, tell about insurance company, Tell about previous working company
(1 Question)
- Q1. Tell about managing skills you done on previous company case study
- Ans.
Managed a team of financial analysts to improve efficiency and accuracy of financial reporting.
Implemented new software to streamline financial reporting process
Developed training program to improve team's technical skills
Established regular performance reviews to provide feedback and set goals
Collaborated with other departments to ensure accurate financial data
Managed team's workload and prioritized tasks to meet dead
Interview Preparation Tips
Interview Questionnaire
3 Questions
- Q1. About Education Gap
- Q2. Your role in last company what r the Responsibilies you have
- Q3. Family details
I applied via Recruitment Consultant and was interviewed in May 2019. There were 4 interview rounds.
Interview Questionnaire
2 Questions
- Q1. Self introduction: present a good one,sales experience related, Traveling must and interactive, locality preferred
- Q2. How to handle customers and sale pressure,targets
- Ans.
Handling customers and sales pressure requires effective communication, empathy, and goal-oriented approach.
Listen actively to customers' needs and concerns
Empathize with customers and offer solutions that meet their needs
Set realistic targets and develop a plan to achieve them
Communicate clearly with team members and stakeholders
Stay organized and prioritize tasks
Stay positive and motivated, even in challenging situat
Interview Preparation Tips
Top trending discussions
Interview questions from similar companies
Basic Questions like financial anaysis
(2 Questions)
- Q1. Many Insurance analysis questions
- Q2. Credit ratings
ICICI Prudential Life Insurance Interview FAQs
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ICICI Prudential Life Insurance Senior Financial Service Manager Interview Process
based on 11 interviews
1 Interview rounds
- HR Round
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ICICI Prudential Life Insurance Senior Financial Service Manager Reviews and Ratings
based on 302 reviews
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