Life Insurance Corporation of India Development Officer Interview Questions, Process, and Tips

Bank exam- QA, RA and English prelims

QA, RA, English, Insurance, Computer, GK- mains bank exam

Q1. Interview in front of 3 member board
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Q2. Tell me some of the savings instruments available in indian financial market?
Ans. 
Some savings instruments in the Indian financial market include fixed deposits, recurring deposits, public provident fund, and mutual funds.
• Fixed deposits: Offer fixed returns over a specific period of time.

• Recurring deposits: Regular monthly deposits with fixed interest rates.

• Public Provident Fund (PPF): Long-term savings scheme with tax benefits.

• Mutual funds: Pooling money from multiple investors to invest in securit
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Q3. Tell me something about insurance and your outlook on its future as a business?
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Q4. What is the current inflation rate in India ?
Ans. 
The current inflation rate in India is around 6.26% as of September 2021.
• The inflation rate in India is influenced by factors such as food prices, fuel prices, and government policies.

• Inflation can impact the cost of living, interest rates, and overall economic growth.

• As of September 2021, the inflation rate in India was reported to be around 6.26%.
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Q5. What is options market /options trading ?
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Options trading is a type of trading where individuals can buy or sell options contracts based on the price movements of underlying assets.
• Options give the holder the right, but not the obligation, to buy or sell an underlying asset at a specified price before a certain date.

• There are two types of options: call options (which give the holder the right to buy) and put options (which give the holder the right to sell).

• Op...read more
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Q6. What is opinion on selling of insurance?
Ans. 
I believe in the importance of insurance as a financial tool to protect individuals and businesses from unexpected risks.
• Insurance provides financial security and peace of mind in case of emergencies or unforeseen events.

• It helps individuals and businesses manage risks and protect their assets.

• Selling insurance requires understanding the needs of clients and providing them with suitable coverage options.

• Insurance agent...read more
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Q1. Job profile of lic ADO
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Q2. How to approach client through agent
Ans. 
Approach client through agent by building a strong relationship and clear communication.
• Establish trust with the agent first

• Clearly communicate your goals and expectations

• Provide necessary support and resources to the agent

• Regularly follow up and provide feedback

• Ensure transparency and honesty in all dealings
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Q1. How will you manage the recruitment?
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Q2. Why should we select you?
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