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ICICI Prudential Life Insurance

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Turner International Interview Questions and Answers

Updated 5 Feb 2024
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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 be given after his death ( State some pr...

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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 plans can be affordable and provide coverage for a specific p...read more

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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 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 insurance players are ICICI Prudential, HDFC Life, and SBI Li...read more

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Q3. (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 fund transfers.

  • Our app also prioritizes security with mul...read more

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Q4. (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 plan

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Q5. (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

  • Collaborate with other departments to create targeted marketi...read more

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Q6. 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 to the insurance company.

  • Insurance is important because i...read more

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Q7. 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 situations

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Q8. 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 specifies the coverage limits, deductibles, and exclusions...read more

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