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Life Insurance Corporation of India Sales Executive Interview Questions and Answers

Updated 8 Aug 2024

Life Insurance Corporation of India Sales Executive Interview Experiences

1 interview found

Sales Executive Interview Questions & Answers

user image poonam yadav

posted on 8 Aug 2024

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

I applied via Approached by Company and was interviewed in Jul 2024. There were 2 interview rounds.

Round 1 - HR 

(2 Questions)

  • Q1. How much experience required
  • Q2. I' fresher in accounts
Round 2 - Aptitude Test 

I have an idea for test

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't get gap in job and education. After college completion join the job

Interview questions from similar companies

I applied via Naukri.com and was interviewed in Jul 2021. There was 1 interview round.

Interview Questionnaire 

2 Questions

  • Q1. Self introduction
  • Q2. Basic knowledge of the firm

Interview Preparation Tips

Interview preparation tips for other job seekers - Basic knowledge of the firm
Confident answering

Interview Questionnaire 

6 Questions

  • Q1. What is your qualifications?
  • Q2. Tell me about your self?
  • Q3. Why do you want to work in this company?
  • Q4. Why should we hire you?
  • Q5. What are your greatest strength
  • Q6. How did u hear about this position

Interview Preparation Tips

Interview preparation tips for other job seekers - This interview was realted to the job position. Regarding the strength and weekness about us and how to perform well .It's all about a conversation with the client and to be confident.

I applied via Referral and was interviewed in Jan 2021. There was 1 interview round.

Interview Questionnaire 

8 Questions

  • Q1. Tell me about yourself
  • Ans. 

    Experienced sales executive with a proven track record in exceeding targets and building strong client relationships.

    • 10+ years of experience in sales, with a focus on B2B sales

    • Consistently achieved or exceeded sales targets by 20% each quarter

    • Developed and maintained strong relationships with key clients, resulting in a 30% increase in repeat business

    • Expertise in consultative selling and solution-based approach

    • Proficie...

  • Answered by AI
  • Q2. What Tata AIG life insurance
  • Ans. 

    Tata AIG Life Insurance is a joint venture between Tata Group and American International Group, offering a range of life insurance products.

    • Joint venture between Tata Group and American International Group

    • Offers a range of life insurance products

    • Provides financial protection to policyholders and their families

    • Has a strong presence in the Indian insurance market

  • Answered by AI
  • Q3. Why want to join Tata AIG life insurance
  • Ans. 

    I want to join Tata AIG life insurance because of its strong reputation, extensive product portfolio, and commitment to customer satisfaction.

    • Tata AIG life insurance has a strong reputation in the industry, which will enhance my professional profile.

    • The company offers a wide range of insurance products, allowing me to cater to diverse customer needs and maximize my sales potential.

    • Tata AIG's focus on customer satisfact...

  • Answered by AI
  • Q4. Are u experienced or fresher
  • Ans. 

    Experienced

    • I have 5 years of experience in sales, with a proven track record of exceeding targets.

    • I have successfully managed a team of sales representatives and implemented effective sales strategies.

    • I have a deep understanding of the industry and have built strong relationships with clients.

    • I have consistently achieved high customer satisfaction ratings and have received multiple awards for my sales performance.

  • Answered by AI
  • Q5. About your family?
  • Q6. What is your goal?
  • Ans. 

    My goal is to exceed sales targets and build strong relationships with clients.

    • Exceed sales targets by implementing effective sales strategies

    • Build strong relationships with clients to ensure repeat business

    • Continuously improve product knowledge to better serve clients

    • Collaborate with the sales team to achieve collective goals

  • Answered by AI
  • Q7. What is sales?
  • Ans. 

    Sales is the process of persuading a potential customer to buy a product or service.

    • Sales involves identifying potential customers and their needs

    • It requires building relationships with customers and understanding their buying behavior

    • Salespeople must be able to communicate the benefits of their product or service effectively

    • Closing the sale is the ultimate goal of the sales process

    • Examples of sales include selling car

  • Answered by AI
  • Q8. R u comfortable in any location?
  • Ans. 

    Yes, I am comfortable in any location.

    • I am adaptable and can easily adjust to new environments.

    • I have experience working in diverse locations and cultures.

    • I am willing to travel and relocate as required for the job.

    • I have a flexible mindset and can quickly adapt to different work settings.

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - Be comfortable and slowly give your answer
Interview experience
2
Poor
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 

(18 Questions)

  • Q1. Tell me about yourself
  • Q2. Why we should select you
  • Q3. What's your highest achievement
  • Q4. What's your target in life
  • Q5. Why you like to join this company
  • Q6. How you will manage a deficult situation
  • Ans. 

    I will manage a difficult situation by staying calm, analyzing the problem, seeking input from others, and finding a solution.

    • Stay calm and composed to think clearly

    • Analyze the situation to understand the root cause

    • Seek input from team members or mentors for different perspectives

    • Collaborate with others to find a solution

    • Communicate effectively to address the issue and prevent escalation

  • Answered by AI
  • Q7. What do you know about insurance
  • Ans. 

    Insurance is a financial product that provides protection against financial losses.

    • Insurance is a contract between an individual or organization and an insurance company, where the insurer agrees to provide financial protection in case of specified events such as accidents, illnesses, or property damage.

    • There are different types of insurance such as life insurance, health insurance, auto insurance, and property insuran...

  • Answered by AI
  • Q8. What do you know about Term insurance
  • Ans. 

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

    • Term insurance offers a death benefit to the beneficiaries if the insured passes away during the term of the policy.

    • It is typically more affordable than whole life insurance because it does not accumulate cash value.

    • Term insurance can be purchased for different term lengths, such as 10, 20, or 30 years.

    • Once the term of the p...

  • Answered by AI
  • Q9. Why insurance is very important in one's life
  • Ans. 

    Insurance is important as it provides financial protection against unexpected events and helps individuals and families manage risks.

    • Provides financial protection in case of accidents, illnesses, or natural disasters

    • Helps individuals and families manage risks and uncertainties

    • Ensures peace of mind knowing that one's assets and loved ones are protected

    • Can help cover expensive medical bills or property damage

    • May be requi

  • Answered by AI
  • Q10. Why you should do a term insurance
  • Q11. Why there should be strict law of insurance
  • Ans. 

    Strict insurance laws are necessary to protect consumers, ensure fair practices, and maintain financial stability.

    • Protects consumers from fraud and unfair practices

    • Ensures financial stability of insurance companies

    • Promotes trust and confidence in the insurance industry

    • Helps regulate premiums and coverage to prevent exploitation

    • Encourages accountability and transparency in insurance transactions

  • Answered by AI
  • Q12. How insurance was 1st started
  • Ans. 

    Insurance was first started as a way for merchants to protect their goods during long sea voyages.

    • Insurance dates back to ancient times when Chinese and Babylonian traders would distribute their goods across multiple ships to reduce the risk of loss.

    • The concept of insurance evolved over time to include protection against various risks such as fire, theft, and accidents.

    • The first known insurance contract was signed in G...

  • Answered by AI
  • Q13. Can insurance cover your family life after yours death
  • Ans. 

    Yes, insurance can provide financial support to your family after your death.

    • Insurance can provide a lump sum payment to your family upon your death to cover expenses and maintain their quality of life.

    • Life insurance policies can also include additional benefits such as covering funeral expenses or paying off debts.

    • Having insurance can give your family peace of mind knowing they will be financially supported in the eve

  • Answered by AI
  • Q14. Why a married person should take Term insurance
  • Ans. 

    A married person should take term insurance to ensure financial security for their spouse and dependents in case of any unforeseen circumstances.

    • Term insurance provides a lump sum amount to the nominee in case of the policyholder's death, ensuring financial stability for the family.

    • It helps in covering expenses like mortgage payments, children's education, and daily living costs in the absence of the primary breadwinne...

  • Answered by AI
  • Q15. How returns are generated
  • Ans. 

    Returns are generated through successful sales transactions where customers return products for various reasons.

    • Returns can be generated due to product defects or damages during shipping

    • Customers may also return products due to incorrect sizing or color

    • Some returns may be due to customer dissatisfaction with the product or service provided

    • Returns can also be generated through the company's return policy and customer se

  • Answered by AI
  • Q16. How risk is calculated
  • Ans. 

    Risk is calculated by assessing the likelihood of an event occurring and the impact it would have on the business.

    • Risk is calculated by multiplying the likelihood of an event by the impact it would have.

    • Different risks may have different factors to consider, such as financial risk, operational risk, and strategic risk.

    • Risk assessment involves identifying potential risks, analyzing their likelihood and impact, and devel...

  • Answered by AI
  • Q17. Can you give insurance to an 70 years old person
  • Ans. 

    Yes, insurance can be provided to a 70 years old person depending on the insurance company's policies and the individual's health condition.

    • Insurance companies may offer different types of insurance plans for seniors, including life insurance, health insurance, and long-term care insurance.

    • Premiums for insurance plans for seniors may be higher due to the increased risk associated with age.

    • Some insurance companies may r...

  • Answered by AI
  • Q18. How we can deal with an smart person
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. Tell me about yourself.
Round 3 - HR 

(1 Question)

  • Q1. Where do you see yourself in 5 years?
Round 4 - HR 

(1 Question)

  • Q1. Where do you see yourself in 5 years?

Interview Preparation Tips

Interview preparation tips for other job seekers - Good insurance company sbi life insurance
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - HR 

(2 Questions)

  • Q1. Why you choose this post
  • Ans. 

    I chose this post because of my passion for sales and my proven track record of exceeding targets.

    • Passion for sales

    • Proven track record of exceeding targets

    • Opportunity for growth and advancement

    • Desire to work in a dynamic and challenging environment

  • Answered by AI
  • Q2. Why you want to join here
  • Ans. 

    I am excited about the company's innovative products and strong market presence.

    • Impressed by company's reputation in the industry

    • Excited about the opportunity to work with innovative products

    • Interested in contributing to the company's growth and success

  • Answered by AI
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
Selected Selected
Round 1 - One-on-one 

(1 Question)

  • Q1. Tell about your self
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Shine and was interviewed in May 2024. There were 2 interview rounds.

Round 1 - Assignment 

Basic knowledge Questions

Round 2 - HR 

(2 Questions)

  • Q1. What is your location
  • Q2. What is your current CTC

I applied via Company Website and was interviewed in Jun 2022. There was 1 interview round.

Round 1 - One-on-one 

(1 Question)

  • Q1. Ask me about previus job expirience details

Interview Preparation Tips

Topics to prepare for ICICI Prudential Life Insurance Sales Executive interview:
  • Sales
Interview preparation tips for other job seekers - this is a great place to work .i have seen your company consistently listed one of the top place to wrok
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Life Insurance Corporation of India Interview FAQs

How many rounds are there in Life Insurance Corporation of India Sales Executive interview?
Life Insurance Corporation of India interview process usually has 2 rounds. The most common rounds in the Life Insurance Corporation of India interview process are HR and Aptitude Test.
How to prepare for Life Insurance Corporation of India Sales Executive 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 Life Insurance, Sales, After Sales Service, Customer Relationship and Field Sales.

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Life Insurance Corporation of India Sales Executive Interview Process

based on 1 interview

Interview experience

4
  
Good
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Life Insurance Corporation of India Sales Executive Salary
based on 68 salaries
₹1 L/yr - ₹5 L/yr
15% less than the average Sales Executive Salary in India
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Life Insurance Corporation of India Sales Executive Reviews and Ratings

based on 14 reviews

4.0/5

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3.6

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2.6

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2.5

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2.7

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3.0

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