Kotak Mahindara Life Insurance Senior Manager Interview Questions, Process, and Tips

Marginal costing is a technique of costing in which only variable costs are considered for decision making.

• Marginal costing helps in determining the contribution margin of a product or service.

• It is useful in short-term decision making such as pricing, make or buy decisions, etc.

• Fixed costs are not considered in marginal costing as they are assumed to remain constant.

• It is also known as direct costing or variable costi...read more

Term plan is a type of life insurance policy that provides coverage for a specific period of time.

• Term plan provides financial protection to the policyholder's family in case of their untimely demise

• Premiums for term plans are generally lower compared to other types of life insurance policies

• Term plans do not offer any maturity benefits if the policyholder survives the policy term

• Policyholders can choose the policy ter...read more

Internal audit is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

• Internal audit evaluates the effectiveness of an organization's risk management, control, and governance processes.

• It provides recommendations for improvement and helps the organization accomplish its objectives.

• Examples of internal audit activities include financial audits, opera...read more

I have achieved significant growth in revenue and market share for my previous company.

• Implemented a new sales strategy that increased revenue by 25% in the first year

• Expanded the company's market share by 15% through targeted marketing campaigns

• Led a team of sales representatives to exceed quarterly sales targets consistently

• Developed and maintained strong relationships with key clients, resulting in repeat business a