ManipalCigna Health Insurance Assistant Manager Operations Interview Questions and Answers

Insurance value chain refers to the process of creating and delivering insurance products and services to customers.

• Insurance value chain includes activities such as product development, underwriting, distribution, claims processing, and customer service.

• Insurers work with various stakeholders such as agents, brokers, reinsurers, and technology providers to deliver value to customers.

• Efficient management of the insuran...read more

I was responsible for managing a team of agents, setting sales targets, and developing strategies to increase productivity.

• Managed a team of agents

• Set sales targets

• Developed strategies to increase productivity

As a fresher in the industry, I understand that the role of an Agency Manager involves overseeing the operations of an agency, managing a team of agents, and ensuring the agency meets its targets and goals.

• I will start by familiarizing myself with the company's policies, procedures, and goals.

• I will work closely with experienced colleagues and seek mentorship to learn the ropes of the industry.

• I will focus on building ...read more

Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection against potential losses.

• Insurance provides financial protection against unexpected events or losses.

• It helps individuals and organizations manage risk by transferring it to an insurance company.

• Types of insurance include health, life, auto, hom...read more

Types of insurance include health, life, auto, home, and disability.

• Health insurance covers medical expenses

• Life insurance provides financial protection to beneficiaries

• Auto insurance covers damages and injuries in car accidents

• Home insurance protects against damage to property

• Disability insurance provides income if unable to work due to disability