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I applied via Naukri.com and was interviewed before Jul 2023. There were 4 interview rounds.
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I have a diverse background in finance, consulting, and project management.
Started my career in finance at XYZ Company, where I gained experience in financial analysis and reporting
Transitioned to consulting at ABC Consulting, working on various projects for clients in different industries
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I applied via Referral and was interviewed before Dec 2023. There was 1 interview round.
Types of frauds in General Insurance include premium diversion, false claims, and policy manipulation.
Premium diversion: When an agent or employee diverts premium payments for personal use.
False claims: Submitting fake claims for reimbursement.
Policy manipulation: Altering policy details to obtain more coverage or lower premiums.
Technicalities to consider during processing of general insurance claim
Verify policy coverage and limits
Assess the cause of loss and determine if it is covered
Gather necessary documentation and evidence
Evaluate the extent of damage or loss
Adhere to regulatory requirements and timelines
Communicate effectively with the insured party
KNOWLEDGE OF INSURANCE SECTOR
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