Axis Max Life Insurance Operations Executive Interview Questions, Process, and Tips

Topic was customer Service

Discussion was on Indian Potential on Insurance Growth

Q1. Whats good & bad in you
Add your answer
Q2. Why we should hire you
Add your answer
Q3. What makes you perfects for the role
Add your answer
Q4. Do you see Max Life for a long term association & why
Add your answer

Q1. 1. tell me about yourself . 2. Write an email to customer.
Add your answer
Q2. 1 . What is a insurance 2 . How to work insurance
Ans. 
Insurance is a contract between an individual and an insurance company to protect against financial loss.
• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• The individual pays a premium to the insurance company in exchange for coverage.

• The insurance company assesses the risk of providing coverage and determines the premium based on that risk.

• There are d...read more
Answered by AI
Add your answer
Q3. 1. What is a IRDAI 2 what is a 80c section
Ans. 
IRDAI is the regulatory body for insurance in India. Section 80C of Income Tax Act provides tax benefits for certain investments.
• IRDAI stands for Insurance Regulatory and Development Authority of India

• It regulates and promotes the insurance industry in India

• It ensures fair treatment to policyholders and monitors insurance companies' financial stability

• Section 80C of Income Tax Act allows tax deductions up to Rs. 1.5 la...read more
Answered by AI
View 1 more answer
Q4. What is types of underwriting? What is sections 10(10d)?
Ans. 
Types of underwriting include life, health, property, and casualty. Section 10(10d) refers to tax exemption on life insurance policies.
• Life underwriting involves assessing the risk of insuring a person's life and determining the premium.

• Health underwriting involves assessing the risk of insuring a person's health and determining the premium.

• Property underwriting involves assessing the risk of insuring a property and de...read more
Answered by AI
Add your answer
Q5. What is free look period? What is grace period.?
Ans. 
Free look period is a time frame given to policyholders to review and cancel their insurance policy without penalty. Grace period is an additional time given to pay the premium after the due date.
• Free look period is usually 15-30 days after the policy is issued.

• During the free look period, the policyholder can cancel the policy and receive a full refund of the premium paid.

• Grace period is usually 15-30 days after the p...read more
Answered by AI
View 1 more answer

Q1. Speeding typing
Add your answer
Q2. Customer relationship
Add your answer
Q3. Proper communication
Add your answer
Q4. Qualification also required
Add your answer

Q1. About experience, job role,
Add your answer