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Life Insurance Corporation of India Interview Questions, Process, and Tips
Top Life Insurance Corporation of India Interview Questions and Answers
- Q1. Tell me some of the savings instruments available in indian financial market?asked in Development Officer interview
- Q2. Who bear risk in Unit link insurance policy ?asked in Insurance Adviser interview
- Q3. How to Control the Systemasked in EX Service Man Indian Army interview
Life Insurance Corporation of India Interview Experiences
74 interviews found
Anonymous
Selected
I applied via Job Fair and was interviewed in Apr 2023. There were 3 interview rounds.
Bank exam- QA, RA and English prelims
QA, RA, English, Insurance, Computer, GK- mains bank exam
(6 Questions)
- Q1. Interview in front of 3 member board
- 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
- Q3. Tell me something about insurance and your outlook on its future as a business?
- 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%.
- Q5. What is options market /options trading ?
- Ans.
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...
- 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...
Interview Preparation Tips
- Financial Markets
- LIC
- Financial instruments
Top Life Insurance Corporation of India Development Officer Interview Questions and Answers
Development Officer Interview Questions asked at other Companies
I applied via Naukri.com and was interviewed in Oct 2023. There were 3 interview rounds.
(5 Questions)
- Q1. Gmail dwara interview
- Q2. Question will be answer
- Q3. Normal interview
- Q4. Only guide for mobile phone
- Q5. Right and wrong attempt question
(5 Questions)
- Q1. LIC jindagi ke sath jindagi bad bhi
- Ans. Hamare sath bhi hamari baat bhi
- Q2. Sabka sath sabka Vikas
- Q3. Ham do hamare do
- Q4. Khushiyon ka Safar
- Q5. Jivan ka Aadhar
Interview Preparation Tips
- Documentation
- Document
- Biometrics
Insurance Executive Interview Questions asked at other Companies
Selected
I applied via Company Website and was interviewed before Nov 2020. There were 2 interview rounds.
Interview Questionnaire
1 Question
- Q1. Insurance related questions
Interview Preparation Tips
Top Life Insurance Corporation of India Development Officer Interview Questions and Answers
Development Officer Interview Questions asked at other Companies
Selected
I applied via Walk-in and was interviewed in Jan 2024. There was 1 interview round.
(2 Questions)
- Q1. Introduction . Job experience
- Q2. Salary. job role
BPO Executive Interview Questions asked at other Companies
Life Insurance Corporation of India interview questions for popular designations
Selected
I applied via Job Fair and was interviewed in Dec 2023. There were 2 interview rounds.
Gd assess the overall personality through feelings and behaviour of an individual in a group
Strength weakness opportunity threats
Interview Preparation Tips
Know your audiences
Follow up after interview
Liaison Officer Interview Questions asked at other Companies
Get interview-ready with Top Life Insurance Corporation of India Interview Questions
Selected
I applied via Recruitment Consulltant and was interviewed in Sep 2023. There were 3 interview rounds.
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.
(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
- Q2. Handling the situation and easily without disturbance work on
Interview Preparation Tips
- Marketing Management
- Leder
Agent Interview Questions asked at other Companies
Jobs at Life Insurance Corporation of India
Selected
I applied via Newspaper Ad and was interviewed in Dec 2023. There was 1 interview round.
Maths English General English Current Affairs
Interview Preparation Tips
Bancassurance Manager Interview Questions asked at other Companies
Job Sathi
Selected
I applied via Newspaper Ad and was interviewed before Jan 2024. There were 2 interview rounds.
(3 Questions)
- Q1. Will you be able to connect yourself to your job as a person as if you are made for it ?
- Q2. Yes . I love Jamnagarcity,it's a huge beautiful city and also called miniParis.
- Q3. This is my birth place where asias one of large refinery reliance is situated.
(2 Questions)
- Q1. Will you be able to come on time daily at mentioned time sharp?
- Q2. Will you be able to continue job without fail means without any break at a stretch from Monday to Saturday?
Interview Preparation Tips
Top Life Insurance Corporation of India Insurance Adviser Interview Questions and Answers
Insurance Adviser Interview Questions asked at other Companies
Reasoning,maths,english
(1 Question)
- Q1. What do you know about insurance
- Ans.
Insurance is a contract between an individual and an insurance company, providing financial protection against potential losses.
Insurance is a form of risk management.
It involves the transfer of risk from an individual to an insurance company.
Insurance policies provide coverage for various types of risks, such as property damage, liability, health, and life.
Premiums are paid by the insured in exchange for the coverage ...
Insurance Agent Interview Questions asked at other Companies
Top trending discussions
Life Insurance Corporation of India Interview FAQs
The duration of Life Insurance Corporation of India interview process can vary, but typically it takes about less than 2 weeks to complete.
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Life Insurance Corporation of India Interviews By Designations
- Life Insurance Corporation of India Development Officer Interview Questions
- Life Insurance Corporation of India Insurance Adviser Interview Questions
- Life Insurance Corporation of India LIC Agent Interview Questions
- Life Insurance Corporation of India Advisor Interview Questions
- Life Insurance Corporation of India Agent Interview Questions
- Life Insurance Corporation of India Assistant Administrative Officer Interview Questions
- Life Insurance Corporation of India Assistant Divisional Manager Interview Questions
- Life Insurance Corporation of India Cashier Interview Questions
- Show more
Interview Questions for Popular Designations
Life Insurance Corporation of India Interview Process
based on 75 interviews
Interview experience
Interview Questions from Similar Companies
Life Insurance Corporation of India Reviews and Ratings
based on 1.8k reviews
Rating in categories
|
Insurance Adviser
322
salaries
|  ₹0.9 L/yr - ₹8 L/yr |
|
LIC Agent
274
salaries
| ₹0.5 L/yr - ₹7.5 L/yr |
|
Development Officer
206
salaries
| ₹3.5 L/yr - ₹12.2 L/yr |
|
LIC Advisor
197
salaries
| ₹1 L/yr - ₹6 L/yr |
|
Agent
190
salaries
| ₹0.7 L/yr - ₹6.9 L/yr |
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