Max Life Insurance
NAVEX Global Interview Questions and Answers
Q1. How married women act is beneficial for Bussiness men
Married women can benefit business men by providing emotional support, networking opportunities, and helping to maintain work-life balance.
Married women can provide emotional support to business men, helping them cope with stress and challenges in their professional lives.
Married women often have extensive social networks that can be beneficial for business men in terms of networking and making valuable connections.
Married women can help business men maintain a healthy work-l...read more
Q2. What is mwpa
MWPA stands for Married Women's Property Act.
MWPA is a legal act that grants certain property rights to married women.
It was enacted to protect the property rights of married women.
Under MWPA, a married woman can hold, control, and dispose of her property independently.
It ensures that a married woman's property is not automatically transferred to her husband upon marriage.
MWPA also provides safeguards against fraudulent transactions and protects the interests of married women...read more
Q3. Appraisals how many in last designation
The number of appraisals in the last designation.
I have received a total of 5 appraisals in my last designation.
I consistently received positive feedback and high ratings in my appraisals.
My last appraisal was conducted six months ago.
I can provide more details and specific examples during the interview.
Q4. How to grow sale's How convincing customer. How to up sales
To grow sales and convince customers, focus on building relationships, understanding their needs, providing solutions, and offering excellent customer service.
Build strong relationships with customers by actively listening to their needs and providing personalized solutions.
Understand the customer's pain points and offer products or services that address those specific needs.
Provide excellent customer service by being responsive, knowledgeable, and helpful.
Offer promotions, d...read more
Q5. What is insurable intrest
Insurable interest refers to the financial or pecuniary interest that a person has in the subject matter of an insurance policy.
Insurable interest is the stake or financial interest that a person has in the insured property or person.
It is necessary for a valid insurance contract as it ensures that the policyholder will suffer a financial loss if the insured event occurs.
Examples of insurable interest include owning a property that is being insured against fire damage or havi...read more
Q6. How much business jenarated
I generated a significant amount of business in my previous role as a Relationship Manager.
In my previous role, I successfully generated business by building and maintaining strong relationships with clients.
I consistently exceeded sales targets by identifying new business opportunities and presenting tailored solutions to clients.
For example, I secured a major contract with a new client, resulting in a 20% increase in revenue for the company.
I also implemented a referral pro...read more
Q7. Any good incentives achieved
Yes
Achieved 150% of sales target in the first quarter
Received 'Top Performer' award for exceeding customer satisfaction goals
Successfully onboarded a high-net-worth client, resulting in a significant increase in assets under management
Q8. Charges of ulip
ULIP charges refer to the fees and expenses associated with investing in a Unit Linked Insurance Plan.
ULIP charges include premium allocation charges, policy administration charges, fund management charges, mortality charges, and surrender charges.
Premium allocation charges are deducted from the premium paid by the policyholder and are used to cover initial expenses.
Policy administration charges are levied for the maintenance of the policy.
Fund management charges are deducted...read more
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