IndusInd Bank BDM Sales Interview Questions and Answers

Aptitude questions were asked, including general awareness, sales questions, vocabulary, and more.

A topic was assigned to a group of 10 candidates.

Q1. Question about the previous job profile
Add your answer
Q2. Question about future expectations
Add your answer

Q1. About experience
Add your answer
Q2. About resume and work experience
Add your answer

Q1. What are ulips?
Ans. 
ULIPs are Unit Linked Insurance Plans that combine insurance and investment in a single plan.
• ULIPs offer both insurance coverage and investment options

• Policyholders can choose where to invest their premiums in various funds like equity, debt, or balanced funds

• ULIPs provide flexibility to switch between funds based on market conditions

• Returns on ULIPs are subject to market performance and policy charges

• Example: HDFC Lif
Answered by AI
View 1 more answer

Q1. What is tax on ulips?
Ans. 
Tax on ULIPs is applicable as per the income tax laws in India.
• Tax on ULIPs is determined based on the premium amount paid and the maturity amount received.

• The premium paid towards ULIPs is eligible for tax deduction under Section 80C of the Income Tax Act.

• The maturity amount received from ULIPs is tax-free under Section 10(10D) of the Income Tax Act.

• Partial withdrawals from ULIPs may be subject to tax depending on the...read more
Answered by AI
Add your answer

Q1. Home loan related question and marketing challenge.
Add your answer
Q2. What is Sourcing pattern in the market?
Ans. 
Sourcing pattern in the market refers to the methods used by companies to acquire goods and services from suppliers.
• Sourcing patterns can vary depending on the industry and the specific needs of the company.

• Common sourcing patterns include single sourcing, dual sourcing, and multi-sourcing.

• Single sourcing involves obtaining goods or services from a single supplier, while dual sourcing involves using two suppliers for t...read more
Answered by AI
Add your answer