Max Life Insurance Senior Sales Executive Interview Questions and Answers

Q1. Why did you left your last organisation
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Q2. Past Experiance
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Q1. Basic Introduction
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Q2. Sell me any product
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Introducing the latest smartphone with cutting-edge technology and sleek design.
• Highlight the advanced features such as high-resolution camera, fast processor, and long-lasting battery life

• Emphasize the stylish design and premium materials used in construction

• Mention the user-friendly interface and compatibility with popular apps and software

• Offer special promotions or discounts to entice the customer to make a purchas
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Q1. Basic question
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Q2. Tell about yourself Previous experience Insurance knowledge About Participating and non participating
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Q1. What is your professional experience?
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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?
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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?
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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?
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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?
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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
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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. About last experience
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Q2. About u r self and u r job
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Q3. About sales and product
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About product and Sales skills

Q1. About salary and TA
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Q1. My last experience
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Q2. Certainly! Here's an example of an interview question: "Can you provide an example of a difficult situation you faced at work and how you handled it?" This question helps assess a candidate's problem-sol...read more
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Q3. Certainly! Here's an example of an interview question: "Can you provide an example of a difficult situation you faced at work and how you handled it?" This question helps assess a candidate's problem-sol...read more
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Q1. H r should be polite
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Q2. And great human being
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Q3. HR will be always employees supporter
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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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Q1. Do know insurance
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Q2. What do you know insurance
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Insurance is a financial product that provides protection against financial losses.
• 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 specified risks.

• There are various types of insurance such as life insurance, health insurance, auto insurance, property insurance, and more.

• Insurance help...read more
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Q3. What was the benefit of insurance ?
Ans. 
Insurance provides financial protection against unexpected events, giving peace of mind and security.
• Provides financial protection in case of accidents, illnesses, or other unexpected events

• Helps cover the cost of medical treatments, repairs, or replacements

• Offers peace of mind and security for individuals and families

• Can help mitigate financial risks and prevent financial hardship

• Encourages responsible behavior and pl
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Q4. What was the role of life insurance
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Life insurance provides financial protection to the insured's family in case of death, ensuring financial stability and security.
• Provides financial protection to the insured's family in case of death

• Ensures financial stability and security for the family

• Can help cover funeral expenses, outstanding debts, and future financial needs

• Offers peace of mind knowing loved ones are financially protected
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Q5. Any key point of life
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Always stay positive and never give up on your dreams.
• Maintain a positive attitude in all situations

• Set clear goals and work towards achieving them

• Never lose sight of your dreams and aspirations

• Learn from failures and use them as stepping stones to success
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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?
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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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