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I applied via Newspaper Ad and was interviewed before Jan 2024. There were 2 interview rounds.
Yes, I have a strong passion for helping others and a deep understanding of insurance products.
I have a strong passion for helping others and enjoy educating clients on insurance options.
I have a deep understanding of insurance products and regulations, allowing me to provide accurate and valuable advice.
I am a good communicator and listener, which helps me build trust with clients and understand their needs.
I am detai...
Yes, I am committed to arriving on time daily at the mentioned time.
I understand the importance of punctuality in the workplace.
I have a track record of being punctual in my previous roles.
I will make sure to plan my commute and schedule accordingly to ensure on-time arrival.
Yes, I am committed to working without any breaks from Monday to Saturday.
I am dedicated to my work and have a strong work ethic.
I am able to manage my time effectively to ensure I can work without breaks.
I understand the importance of consistency and reliability in the workplace.
Group discussion is best option solve problems.
I applied via Referral
I applied via Walk-in and was interviewed before Nov 2022. There were 4 interview rounds.
Insurance is a contract between an individual and an insurance company, providing financial protection against potential losses.
Insurance is a form of risk management, where the insured pays a premium to the insurer in exchange for coverage.
It provides financial compensation in case of specified events, such as accidents, illnesses, property damage, or death.
Insurance helps individuals and businesses mitigate the finan...
Life Insurance Corporation of India interview questions for designations
LIC, or Life Insurance Corporation of India, was established in the year 1956.
LIC was established on September 1, 1956.
It was formed by merging more than 200 insurance companies and provident societies.
LIC is the largest insurance company in India and offers a wide range of insurance products.
It operates in both life and non-life insurance sectors.
LIC has played a significant role in promoting life insurance and financ
The policyholder bears the investment risk in a Unit Link insurance policy.
The policyholder chooses the investment fund and bears the risk of market fluctuations.
The insurance company only guarantees the death benefit or maturity benefit, not the investment returns.
The policyholder can switch between funds to manage risk.
If the policyholder dies, the nominee receives the higher of the sum assured or the fund value.
The ...
Insurance business started in ancient times with the concept of risk sharing.
The concept of insurance can be traced back to ancient civilizations such as Babylon and China.
In the 14th century, insurance policies were sold in Italy to protect against losses due to shipwrecks.
The first insurance company in the United States was founded in 1732 by Benjamin Franklin.
Insurance has evolved over time to cover a wide range of ...
General insurance belongs to the principles of indemnity, insurable interest, utmost good faith, and proximate cause.
Indemnity principle ensures that the insured is compensated for the actual loss suffered.
Insurable interest principle requires that the insured has a financial interest in the subject matter of insurance.
Utmost good faith principle requires both parties to disclose all material facts related to the insur...
Principles of indemnity refer to the concept of restoring the insured to the same financial position as before the loss occurred.
Indemnity is the basic principle of insurance
It means that the insured should not profit from a loss
The insurer is only liable to pay the actual amount of loss suffered by the insured
The insured must have an insurable interest in the subject matter of insurance
Example: If a car worth $10,000 ...
Get interview-ready with Top Life Insurance Corporation of India Interview Questions
I applied via Walk-in and was interviewed in Feb 2021. There were 3 interview rounds.
I applied via Walk-in and was interviewed before Jul 2020. There were 2 interview rounds.
We plan to meet possible clients through various channels and networking opportunities.
Attending industry events and conferences
Utilizing social media platforms to connect with potential clients
Referral programs and word-of-mouth marketing
Cold calling and email outreach
Partnering with other businesses to offer joint services
Advertising through targeted online and offline channels
I applied via Approached by Company and was interviewed before Feb 2017. There were 4 interview rounds.
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I applied via Campus Placement and was interviewed before Sep 2017. There were 3 interview rounds.
posted on 14 Jul 2022
I applied via Walk-in and was interviewed before Jul 2021. There were 2 interview rounds.
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How to procure a proper financial planning for secure future
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