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ICICI Prudential Life Insurance

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Igebra.io Interview Questions and Answers

Updated 9 Dec 2024
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Q1. What you think of growth in insurance sector.

Ans.

The insurance sector is experiencing significant growth due to increasing awareness and demand for protection against unforeseen events.

  • The insurance sector is expanding rapidly due to the rise in disposable income and changing lifestyles.

  • The demand for health insurance has increased due to the COVID-19 pandemic.

  • The government's push towards financial inclusion has also contributed to the growth of the insurance sector.

  • The use of technology has made insurance products more ac...read more

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Q2. What is insurance?How it is important?

Ans.

Insurance is a financial product that provides protection against financial losses resulting from unexpected events.

  • Insurance is a contract between an individual or organization and an insurance company, where the insured pays a premium in exchange for financial protection.

  • It helps individuals and businesses manage risk by transferring the potential financial burden of unexpected events to the insurance company.

  • Insurance is important because it provides financial security and...read more

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Q3. How can you treat customer?

Ans.

Customers should be treated with respect, empathy, and professionalism.

  • Listen actively to their concerns and needs

  • Communicate clearly and honestly

  • Provide prompt and efficient service

  • Show appreciation for their business

  • Resolve any issues or complaints in a timely manner

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Q4. What is icici prudential life insurance

Ans.

ICICI Prudential Life Insurance is a leading life insurance company in India.

  • ICICI Prudential Life Insurance is a joint venture between ICICI Bank and Prudential Corporation Holdings Limited.

  • It offers a wide range of life insurance products such as term insurance, ULIPs, endowment plans, etc.

  • The company has a strong presence across India with a large network of branches and advisors.

  • ICICI Prudential Life Insurance has won several awards for its innovative products and custome...read more

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Q5. Documents needed for registration

Ans.

Documents required for registration vary depending on the organization or institution.

  • Proof of identity (e.g. driver's license, passport)

  • Proof of address (e.g. utility bill, lease agreement)

  • Completed registration form

  • Payment of registration fees

  • Additional documents specific to the organization (e.g. academic transcripts, professional certifications)

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Q6. What is insurance

Ans.

Insurance is a contract between an individual and an insurance company to protect against financial loss.

  • Insurance provides financial protection against unexpected events

  • Premiums are paid to the insurance company in exchange for coverage

  • Types of insurance include health, auto, home, and life insurance

  • Insurance policies have terms and conditions that must be followed to receive benefits

  • Insurance helps individuals and businesses manage risk

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Q7. Experience of candidate

Ans.

I have over 5 years of experience in sales, with a proven track record of exceeding targets and leading successful sales teams.

  • Managed a team of 10 sales representatives, consistently achieving 20% above target sales numbers

  • Implemented new sales strategies that resulted in a 30% increase in revenue within the first year

  • Developed strong relationships with key clients, leading to repeat business and referrals

  • Trained new sales staff on product knowledge and effective sales techn...read more

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Interview Process at Igebra.io

based on 5 interviews in the last 1 year
1 Interview rounds
HR Round
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