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IndiaFirst Life Insurance

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Go Grocery Hub Interview Questions and Answers

Updated 5 Feb 2024

Q1. How you can achieve your business target at 150 percent ? What GCL

Ans.

To achieve 150% business target, focus on increasing sales, expanding customer base, and optimizing marketing strategies.

  • Identify potential customers and target them with personalized marketing campaigns

  • Offer discounts and promotions to attract new customers and retain existing ones

  • Improve product quality and customer service to increase customer satisfaction and loyalty

  • Analyze market trends and adjust marketing strategies accordingly

  • Collaborate with other departments to stre...read more

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Q2. How life insurance different from other general insurance?

Ans.

Life insurance provides financial protection in case of death, while general insurance covers loss or damage to property or assets.

  • Life insurance provides a lump sum payment to beneficiaries upon the death of the insured.

  • General insurance covers loss or damage to property or assets, such as car insurance or home insurance.

  • Life insurance is typically a long-term investment, while general insurance is usually short-term.

  • Life insurance premiums are based on factors such as age, ...read more

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Q3. What are types of life insurance products?

Ans.

Types of life insurance products include term life, whole life, universal life, and variable life.

  • Term life insurance provides coverage for a specific period of time.

  • Whole life insurance provides coverage for the entire life of the insured and builds cash value over time.

  • Universal life insurance offers flexibility in premium payments and death benefits.

  • Variable life insurance allows policyholders to invest in various investment options.

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Q4. Have heard about section 80C, 10(10d)?

Ans.

Yes, section 80C and 10(10d) are provisions of the Indian Income Tax Act.

  • Section 80C provides deductions for certain investments and expenses.

  • Section 10(10d) provides exemptions for life insurance payouts.

  • Both sections are relevant for tax planning and savings in India.

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Q5. What is India first life insurance.

Ans.

IndiaFirst Life Insurance is a joint venture between Bank of Baroda, Andhra Bank, and Legal & General.

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

  • It has a pan-India presence with over 10,000 partner bank branches.

  • IndiaFirst has won several awards for its innovative products and customer service.

  • The company has a strong focus on digitalization and offers online policy purchase and management options.

  • IndiaFirst has a clai...read more

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Q6. What is the GCL & describe all features

Ans.

GCL stands for Global Credit Limited, a financial institution providing various credit facilities.

  • GCL offers personal loans, business loans, and credit cards.

  • The institution has a quick and easy loan application process.

  • GCL provides competitive interest rates and flexible repayment options.

  • Customers can access their accounts and make payments online.

  • The institution has a customer service team available to assist with any inquiries or issues.

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Q7. How to connect with customer?

Ans.

To connect with customers, it is important to understand their needs, communicate effectively, build relationships, and provide excellent customer service.

  • Listen actively to understand customer needs and preferences.

  • Communicate clearly and effectively, using appropriate channels.

  • Build relationships by being responsive, reliable, and trustworthy.

  • Provide excellent customer service by going above and beyond to meet customer expectations.

  • Personalize interactions and offer tailore...read more

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Q8. Traveling conveyance per month

Ans.

The average traveling conveyance per month for the Business Development Manager is 500 miles.

  • The Business Development Manager typically travels 500 miles per month for work.

  • This includes traveling to client meetings, conferences, and other business-related events.

  • The mode of conveyance can vary, including driving, flying, or taking public transportation.

  • The distance traveled may also depend on the geographical area the manager is responsible for.

  • Tracking and managing travel e...read more

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