Life Insurance Corporation of India Assistant Administrative Officer Interview Questions and Answers

Depending on the exam

Q1. Tell about yourself where are u from where did u study
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Q2. What u have studied? In which year u have completed graduation
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One has to clear irda exam

How to procure a proper financial planning for secure future

Q1. Tell me about insurance
Ans. 
Insurance is a contract between an individual and an insurance company, providing financial protection against potential losses.
• Insurance is a risk management tool that helps individuals and businesses protect themselves against potential financial losses.

• It involves paying a premium to an insurance company in exchange for coverage and financial compensation in case of specified events or losses.

• Insurance policies can ...read more
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Q2. Tell me about the number of insurance company in India
Ans. 
There are currently 57 insurance companies operating in India.
• India has a well-established insurance industry with a diverse range of companies.

• The insurance sector in India is regulated by the Insurance Regulatory and Development Authority of India (IRDAI).

• There are both public and private insurance companies operating in India.

• Some of the major insurance companies in India include LIC (Life Insurance Corporation of I...read more
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Time' management , skills development to take customer

Q1. On line Exam conducted
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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...read more
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Q1. What is the full form of AML & IRDAI
Ans. 
AML - Anti Money Laundering, IRDAI - Insurance Regulatory and Development Authority of India
• AML stands for Anti Money Laundering, which is a set of regulations designed to prevent the generation of income through illegal activities.

• IRDAI stands for Insurance Regulatory and Development Authority of India, which is the regulatory body for the insurance sector in India.

• Both AML and IRDAI play crucial roles in ensuring tra...read more
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Q2. Why should the company hire you?
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General knowledge, presence of mind

Q1. How will you generate business
Ans. 
I will generate business by networking, cold calling, and utilizing social media to connect with potential clients.
• Networking with other professionals in the industry

• Cold calling potential clients to offer insurance services

• Utilizing social media platforms to reach a wider audience

• Attending industry events and conferences to meet potential clients

• Offering referral incentives to current clients for bringing in new busin
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