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Life Insurance Corporation of India Agent Interview Questions and Answers

Updated 17 Oct 2023

Life Insurance Corporation of India Agent Interview Experiences

2 interviews found

Agent Interview Questions & Answers

user image Anonymous

posted on 17 Oct 2023

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Sep 2023. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - Assignment 

My assignment was in e-rickshaw, in this I had to find out what were the features in it and what not, like how long the battery of e-rickshaw would last and all this was found out by meeting the rickshaw driver.

Round 3 - HR 

(2 Questions)

  • Q1. How to increase your sell and what strategy to work the situation
  • Ans. 

    To increase sales, focus on understanding customer needs, building relationships, offering value, and utilizing effective marketing strategies.

    • Understand customer needs and preferences to tailor your approach

    • Build strong relationships with customers to increase loyalty and repeat business

    • Offer value through promotions, discounts, or personalized solutions

    • Utilize effective marketing strategies such as social media, emai

  • Answered by AI
  • Q2. Handling the situation and easily without disturbance work on

Interview Preparation Tips

Topics to prepare for Life Insurance Corporation of India Agent interview:
  • Marketing Management
  • Leder

I applied via Walk-in

Round 1 - Office 

(1 Question)

  • Q1. About Education current field Expirence
Round 2 - Aptitude Test 

Writen test

Interview Preparation Tips

Interview preparation tips for other job seekers - Only Read basic knoledge of insurance
And go for exam

Agent Interview Questions Asked at Other Companies

Q1. If you had 1 crore rupees what would you do with them?
Q2. How to increase your sell and what strategy to work the situation
Q3. What is BPO and full form of BPO
asked in Startek
Q4. Is this company policy if people come together they will rejecte ... read more
Q5. 1. How can trace the customer who has charge off

Interview questions from similar companies

Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed in Apr 2024. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Besic question and banking relationship

Interview Preparation Tips

Interview preparation tips for other job seekers - Be prepared and stay positive
Interview experience
1
Bad
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(1 Question)

  • Q1. Just dont go for interview in any insurance sector. They will say you will be HR, revriter or hr executive. They will say big words that you will earn 30k-40k. Dont fall in trap. They will say there is no ...
Round 2 - One-on-one 

(1 Question)

  • Q1. Just where you stay. And other bluff promises

Interview Questionnaire 

1 Question

  • Q1. Culture of the company
  • Ans. 

    Our company culture is focused on collaboration, innovation, and work-life balance.

    • We prioritize teamwork and encourage open communication

    • We value creativity and encourage employees to share their ideas

    • We promote a healthy work-life balance through flexible schedules and wellness programs

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Good culture got employees

I was interviewed in Jul 2022.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - HR 

(1 Question)

  • Q1. Will you able to do this because there will be lot of difficulties and some annoying people whom u will be dealing with.
  • Ans. 

    Yes, I am confident in my ability to handle difficulties and deal with annoying people.

    • I have experience in managing challenging situations and difficult individuals.

    • I am skilled in conflict resolution and maintaining professionalism in stressful situations.

    • I have a strong ability to remain calm and composed, even when faced with challenging circumstances.

    • I believe in effective communication and active listening to add...

  • Answered by AI

Interview Preparation Tips

Topics to prepare for SBI Life Insurance Company Advisor interview:
  • Company knowledge
Interview preparation tips for other job seekers - be confident.
stay with postive approach.
take it as you are talking with a formal friend .
Introduce yourself in good way
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all Resume tips
Round 2 - One-on-one 

(3 Questions)

  • Q1. How you will handle pressure
  • Ans. 

    I handle pressure by staying organized, prioritizing tasks, and maintaining a positive mindset.

    • I stay organized by creating to-do lists and setting deadlines for myself.

    • I prioritize tasks by identifying the most important and urgent ones first.

    • I maintain a positive mindset by practicing stress-management techniques such as deep breathing and taking short breaks.

    • I communicate effectively with my team and seek support wh...

  • Answered by AI
  • Q2. Will you able to sell policies
  • Ans. 

    Yes, I have the skills and experience to sell policies effectively.

    • I have a strong background in sales and customer service.

    • I am knowledgeable about different types of insurance policies and their benefits.

    • I have a proven track record of meeting sales targets and exceeding customer expectations.

    • I am skilled in building relationships with clients and understanding their insurance needs.

    • I am confident in my ability to ex...

  • Answered by AI
  • Q3. Are you able to coordinate with teammates
  • Ans. 

    Yes

    • Yes, I am able to coordinate effectively with my teammates.

    • I have experience working in team environments and understand the importance of collaboration.

    • I actively communicate and share information with my teammates to ensure smooth workflow.

    • I am adaptable and can adjust my approach to work well with different personalities and work styles.

    • I have successfully coordinated with teammates on various projects, such as o...

  • Answered by AI

I was interviewed in Dec 2016.

Interview Questionnaire 

7 Questions

  • Q1. Tell me about yourself
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • I have a Bachelor's degree in Statistics and experience in analyzing large datasets

    • I am proficient in using statistical software such as R and Python

    • I have a proven track record of identifying trends and providing actionable insights to drive business decisions

  • Answered by AI
  • Q2. How does Insurance companies work ?
  • Ans. 

    Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.

    • Insurance companies collect premiums from policyholders in exchange for coverage.

    • They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.

    • Insurance companies invest the collected premiums to generate income and ensure they have suffic...

  • Answered by AI
  • Q3. Who is an actuary and what are his roles ?
  • Ans. 

    An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.

    • Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss

    • Designing insurance policies and pension plans based on risk assessments

    • Helping companies make informed decisions on managing risks and setting premiums

    • Advising on investment strategies to ensure ...

  • Answered by AI
  • Q4. What is India's GDP and its growth rate ?
  • Ans. 

    India's GDP is $2.7 trillion with a growth rate of 4.2%.

    • India's GDP is one of the largest in the world.

    • As of 2020, India's GDP was $2.7 trillion.

    • The growth rate of India's GDP in 2020 was 4.2%.

    • India's GDP growth rate has been fluctuating over the years.

    • The COVID-19 pandemic had a significant impact on India's GDP growth.

  • Answered by AI
  • Q5. What are the Pros and Cons of Demonetization ?
  • Ans. 

    Demonetization has pros and cons that impact various aspects of the economy and society.

    • Pros: Curbing black money, reducing corruption, promoting digital transactions

    • Cons: Initial economic disruption, inconvenience to the public, impact on informal sector

    • Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.

    • Example of a con: Small businesses and daily wage workers f

  • Answered by AI
  • Q6. If there are two data sets each with 100 variables and having 10000 and 12000 policies verify the validity of the second data set assuming the first one is accurate.
  • Ans. 

    The validity of the second data set can be verified by comparing it with the first data set.

    • Compare the variables in both data sets to ensure they are the same.

    • Check if the number of policies in the second data set matches the number stated.

    • Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.

    • Validate the accuracy of the second data set by cross-referencing it with external so

  • Answered by AI
  • Q7. Why do you want to work as an analyst ?
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive informed decision-making.

    • I enjoy problem-solving and critical thinking, which are essential skills for an analyst.

    • I have a strong attention to detail and excel at organizing and interpreting complex information.

    • I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.

    • I believe that my analytical skills can contr...

  • Answered by AI

Interview Preparation Tips

College Name: IIT Madras

Interview Questionnaire 

1 Question

  • Q1. Why you want to come is insurance sector
  • Ans. 

    I am passionate about helping people protect their assets and loved ones through insurance.

    • I have a strong desire to help individuals and families plan for the unexpected.

    • I believe in the importance of financial security and peace of mind that insurance provides.

    • I am interested in the dynamic and evolving nature of the insurance industry.

    • I enjoy analyzing risks and finding solutions to mitigate them.

    • I have a background...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Aptitude & Reasoning

I applied via Walk-in and was interviewed before Sep 2020. There were 3 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Introduce yourself?
  • Q2. What are the core principles of Information Security?
  • Ans. 

    The core principles of Information Security are confidentiality, integrity, and availability.

    • Confidentiality: ensuring that information is only accessible to authorized individuals

    • Integrity: maintaining the accuracy and completeness of information

    • Availability: ensuring that information is accessible to authorized individuals when needed

    • Examples: encryption, access controls, backups, disaster recovery plans

  • Answered by AI
  • Q3. What is Virus and Malware?
  • Ans. 

    Virus and malware are malicious software designed to harm computer systems and steal data.

    • Virus is a self-replicating program that attaches itself to clean files and spreads throughout the system.

    • Malware is a broader term that includes viruses, spyware, adware, and other malicious software.

    • Malware can be used to steal sensitive information, damage files, or take control of a computer.

    • Examples of malware include Trojan ...

  • Answered by AI
  • Q4. What will you do if your laptop gets infected by virus?
  • Ans. 

    I will immediately disconnect from the internet and run a virus scan to remove the virus.

    • Disconnect from the internet to prevent further spread of the virus

    • Run a virus scan using an updated antivirus software

    • If the virus cannot be removed, seek help from IT support

    • Regularly backup important files to prevent data loss

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Answer every question confidentally.Go through the job description very well.Prepare IT Security concepts thoroughly.Do not be nervous.

Skills evaluated in this interview

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Life Insurance Corporation of India Interview FAQs

How many rounds are there in Life Insurance Corporation of India Agent interview?
Life Insurance Corporation of India interview process usually has 2-3 rounds. The most common rounds in the Life Insurance Corporation of India interview process are HR, Aptitude Test and Resume Shortlist.
How to prepare for Life Insurance Corporation of India Agent interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Life Insurance Corporation of India. The most common topics and skills that interviewers at Life Insurance Corporation of India expect are Sales, Insurance, Marketing, Business Development and Communication Skills.
What are the top questions asked in Life Insurance Corporation of India Agent interview?

Some of the top questions asked at the Life Insurance Corporation of India Agent interview -

  1. How to increase your sell and what strategy to work the situat...read more
  2. Handling the situation and easily without disturbance work...read more
  3. About Education current field Expire...read more

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Life Insurance Corporation of India Agent Interview Process

based on 6 interviews

Interview experience

3.8
  
Good
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Life Insurance Corporation of India Agent Salary
based on 183 salaries
₹0.7 L/yr - ₹7 L/yr
At par with the average Agent Salary in India
View more details

Life Insurance Corporation of India Agent Reviews and Ratings

based on 82 reviews

4.5/5

Rating in categories

3.9

Skill development

4.2

Work-life balance

4.0

Salary

4.0

Job security

4.0

Company culture

3.9

Promotions

4.2

Work satisfaction

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