Max Life Insurance Deputy Sales Manager Interview Questions and Answers

Q1. What is your professional experience?
Ans. 
I have 5 years of experience in sales, including managing a team and exceeding sales targets.
• 5 years of sales experience

• Managed a sales team

• Exceeded sales targets consistently
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Q2. Has any work been completed before?
Ans. 
Yes, I have completed various sales-related tasks in my previous roles.
• Completed market research to identify potential clients

• Developed sales strategies to target specific customer segments

• Managed client relationships to ensure customer satisfaction

• Achieved sales targets by implementing effective sales techniques
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Q3. What do you know about insurance and general insurance?
Ans. 
Insurance is a form of risk management primarily used to hedge against the risk of a contingent or uncertain loss.
• Insurance is a contract between an individual or entity and an insurance company where the individual or entity receives financial protection or reimbursement against losses from the insurance company.

• General insurance covers a wide range of non-life insurance policies, including automobile, home, travel, a...read more
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Q4. Are you familiar with the company?
Ans. 
Yes, I am familiar with the company.
• I have researched the company's history, products, and services.

• I have read recent news articles and press releases about the company.

• I have spoken to current employees or customers of the company to gain insights.

• I have attended company events or presentations.

• I have a good understanding of the company's target market and competitors.
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Q1. Are you proficient in Microsoft Excel?
Ans. 
Yes, I am proficient in Microsoft Excel.
• I have advanced knowledge of Excel functions and formulas.

• I am experienced in creating and managing spreadsheets for data analysis.

• I have used Excel for financial modeling and reporting.

• I am skilled in creating charts and graphs to visualize data.

• I am proficient in data manipulation and cleaning using Excel.
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Q1. DO YOU LIKE YOUR PREVIOUS JOB
Ans. 
Yes, I enjoyed my previous job as it provided me with valuable experience and opportunities for growth.
• I enjoyed the challenges and responsibilities of my previous job

• I had a great team and supportive colleagues

• I learned new skills and gained valuable experience

• I was able to contribute to the success of the company

• I felt fulfilled and motivated in my role
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Q1. What is your name
Ans. 
My name is John Smith.
• Full name is John Smith

• Common name in English-speaking countries

• Easy to remember and pronounce
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Q2. What are you doing
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Q3. How many working in the company
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Q1. Tell me about your last company's working experience.
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Q1. What are the PAR and NON-PAR products in Life Insurance?
Ans. 
PAR products refer to participating policies where policyholders receive bonuses, while NON-PAR products do not offer bonuses.
• PAR products provide policyholders with bonuses based on the insurer's profits

• Policyholders of NON-PAR products do not receive bonuses

• PAR products typically have higher premiums compared to NON-PAR products

• Examples of PAR products include whole life insurance and endowment plans

• Examples of NON-P...read more
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Q2. Tell me about the ULIP and it's charges.
Ans. 
ULIP is a type of insurance product that combines investment and insurance. It has various charges like premium allocation, fund management, mortality, etc.
• ULIP stands for Unit Linked Insurance Plan

• It offers both insurance coverage and investment options

• Charges associated with ULIP include premium allocation charges, policy administration charges, fund management charges, mortality charges, etc.

• Premium allocation charg...read more
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What work will she be ableto do? Than she hired me, and also did my job very well.

Q1. You have all the documents?
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Q2. What i s your last CTC?
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Q3. No othar question, i got the job within 10 days.
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Q1. Tell us about your performance in your current organization?
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Q2. Family background & Your goal after 5years ?
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Q3. Highest tickets size closure?
Ans. 
Closed a deal worth $500,000 with a major client in the previous quarter.
• Closed a deal worth $500,000 with XYZ Company in Q3.

• Negotiated a contract worth $750,000 with ABC Corporation.

• Secured a deal for $600,000 with DEF Ltd in the last fiscal year.
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Q4. Did you qualified for any foreign trip?
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Q1. Tell me about your self
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To meet at branch manager

Q1. Experience and old job related issues
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Q2. Which job since old company why should be resigned
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