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New York Life Insurance Company Interview Questions and Answers

Updated 10 Dec 2024

New York Life Insurance Company Interview Experiences

Popular Designations

2 interviews found

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
2-4 weeks
Result
Selected Selected

I applied via Company Website and was interviewed before Mar 2023. There were 3 interview rounds.

Round 1 - HR 

(1 Question)

  • Q1. What is the target value for logistic regression?
  • Ans. 

    The target value for logistic regression is a binary outcome variable.

    • The target value in logistic regression is typically a binary variable, representing two classes or outcomes.

    • For example, in a spam email classification model, the target value could be 'spam' or 'not spam'.

    • Logistic regression predicts the probability that an instance belongs to a particular class.

  • Answered by AI
Round 2 - Case Study 

Machine Learning Case

Round 3 - One-on-one 

(1 Question)

  • Q1. Behavioral-related questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Study your resume and prepare for theory-based data science questions.

Skills evaluated in this interview

Data Scientist Interview Questions asked at other Companies

Q1. for a data with 1000 samples and 700 dimensions, how would you find a line that best fits the data, to be able to extrapolate? this is not a supervised ML problem, there's no target. and how would you do it, if you want to treat this as a s... read more
View answer (5)
Interview experience
4
Good
Difficulty level
Easy
Process Duration
2-4 weeks
Result
Selected Selected

I appeared for an interview before Dec 2023.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Why do you want this role?
  • Ans. 

    I am passionate about marketing and eager to gain hands-on experience in a professional setting.

    • Passionate about marketing

    • Eager to gain hands-on experience

    • Excited about working in a professional setting

  • Answered by AI
  • Q2. What background do you have in this field?
  • Ans. 

    I have a Bachelor's degree in Marketing and completed multiple internships in the field.

    • Bachelor's degree in Marketing

    • Completed multiple internships in Marketing

    • Hands-on experience with social media marketing and market research

    • Familiarity with marketing tools such as Google Analytics and MailChimp

  • Answered by AI

Marketing Intern Interview Questions asked at other Companies

Q1. Most of our website traffic comes from India while our target geography is the USA. How will you bring US traffic?
View answer (1)

Interview questions from similar companies

I appeared for an interview in Feb 2017.

Interview Questionnaire 

1 Question

  • Q1. Why did you choose marketing as your specialization?
  • Ans. 

    I chose marketing as my specialization because of my passion for creativity, consumer behavior, and strategic thinking.

    • Passion for creativity and innovation in developing marketing campaigns

    • Interest in understanding consumer behavior and psychology to create effective strategies

    • Enjoyment of analyzing market trends and competition to make informed decisions

    • Desire to work in a dynamic and fast-paced industry that allows

  • Answered by AI

Interview Preparation Tips

Skills: Communication And Confidence

I appeared for an interview before May 2016.

Interview Questionnaire 

1 Question

  • Q1. Tell me about yourself
  • Ans. 

    I am a recent graduate with a degree in Computer Science and a passion for coding and problem-solving.

    • Graduated with a degree in Computer Science

    • Passionate about coding and problem-solving

    • Completed internships at tech companies

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: Shortlist of resume according to akills
Tips: Be confident

Round: HR Interview
Experience: Detail personal info and precised.

Skills: How confident you are, Knowledge about subject
College Name: Birla Institute of Management Technology

I appeared for an interview before May 2016.

Interview Questionnaire 

3 Questions

  • Q1. What is technical analysis of a stock?
  • Ans. 

    Technical analysis of a stock involves studying historical price and volume data to predict future price movements.

    • It is a method used by traders and investors to make decisions based on price patterns and trends.

    • Technical analysts use various tools and indicators, such as moving averages and chart patterns, to analyze stock price data.

    • The goal is to identify potential buying or selling opportunities and to determine t...

  • Answered by AI
  • Q2. What is current term deposit rate in India?
  • Ans. 

    The current term deposit rates in India vary depending on the bank and tenure.

    • Term deposit rates in India are determined by individual banks.

    • Rates can vary based on the tenure of the deposit.

    • Different banks offer different interest rates for term deposits.

    • Customers can compare rates offered by various banks before making a decision.

    • Term deposit rates are subject to change based on market conditions.

  • Answered by AI
  • Q3. What is ELSS?
  • Ans. 

    ELSS stands for Equity Linked Savings Scheme. It is a type of mutual fund that offers tax benefits under Section 80C of the Income Tax Act.

    • ELSS is a type of mutual fund

    • It invests primarily in equity and equity-related instruments

    • ELSS has a lock-in period of 3 years

    • Investors can claim tax deductions of up to Rs. 1.5 lakh under Section 80C

    • ELSS offers the potential for higher returns compared to other tax-saving instrumen

  • Answered by AI

Interview Preparation Tips

Round: Resume Shortlist
Experience: After a season with the students regarding the company background, internship profile, career opportunity, the person asked us to submit our resumes for further proceedings.
Tips: Keep your resume up to date and clean, short and try to cover all important points in that.

Round: Technical Interview
Experience: After some formal introductory question, he directly went to the technical questions regarding the stock market. It took place for 10 minutes. In one question I got stuck. I tried to answer that but he told me, It would be a good choice to skip that question rather than bluffing- as we are interns, not an expert.
Tips: Clear your all concept before the interview. Don't bluff if the answer is not known.

Skills: Finance Basics, Finance Current Affairs
College Name: Birla Global University

I appeared for an interview in Dec 2016.

Interview Questionnaire 

7 Questions

  • Q1. Tell me about yourself
  • Ans. 

    I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.

    • I have a Bachelor's degree in Statistics and experience in analyzing large datasets

    • I am proficient in using statistical software such as R and Python

    • I have a proven track record of identifying trends and providing actionable insights to drive business decisions

  • Answered by AI
  • Q2. How does Insurance companies work ?
  • Ans. 

    Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.

    • Insurance companies collect premiums from policyholders in exchange for coverage.

    • They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.

    • Insurance companies invest the collected premiums to generate income and ensure they have suffic...

  • Answered by AI
  • Q3. Who is an actuary and what are his roles ?
  • Ans. 

    An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.

    • Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss

    • Designing insurance policies and pension plans based on risk assessments

    • Helping companies make informed decisions on managing risks and setting premiums

    • Advising on investment strategies to ensure ...

  • Answered by AI
  • Q4. What is India's GDP and its growth rate ?
  • Ans. 

    India's GDP is $2.7 trillion with a growth rate of 4.2%.

    • India's GDP is one of the largest in the world.

    • As of 2020, India's GDP was $2.7 trillion.

    • The growth rate of India's GDP in 2020 was 4.2%.

    • India's GDP growth rate has been fluctuating over the years.

    • The COVID-19 pandemic had a significant impact on India's GDP growth.

  • Answered by AI
  • Q5. What are the Pros and Cons of Demonetization ?
  • Ans. 

    Demonetization has pros and cons that impact various aspects of the economy and society.

    • Pros: Curbing black money, reducing corruption, promoting digital transactions

    • Cons: Initial economic disruption, inconvenience to the public, impact on informal sector

    • Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.

    • Example of a con: Small businesses and daily wage workers f

  • Answered by AI
  • Q6. If there are two data sets each with 100 variables and having 10000 and 12000 policies verify the validity of the second data set assuming the first one is accurate.
  • Ans. 

    The validity of the second data set can be verified by comparing it with the first data set.

    • Compare the variables in both data sets to ensure they are the same.

    • Check if the number of policies in the second data set matches the number stated.

    • Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.

    • Validate the accuracy of the second data set by cross-referencing it with external so

  • Answered by AI
  • Q7. Why do you want to work as an analyst ?
  • Ans. 

    I am passionate about analyzing data and deriving insights to drive informed decision-making.

    • I enjoy problem-solving and critical thinking, which are essential skills for an analyst.

    • I have a strong attention to detail and excel at organizing and interpreting complex information.

    • I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.

    • I believe that my analytical skills can contr...

  • Answered by AI

Interview Preparation Tips

College Name: IIT Madras

Interview Questionnaire 

1 Question

  • Q1. Why you want to come is insurance sector
  • Ans. 

    I am passionate about helping people protect their assets and loved ones through insurance.

    • I have a strong desire to help individuals and families plan for the unexpected.

    • I believe in the importance of financial security and peace of mind that insurance provides.

    • I am interested in the dynamic and evolving nature of the insurance industry.

    • I enjoy analyzing risks and finding solutions to mitigate them.

    • I have a background...

  • Answered by AI

Interview Preparation Tips

Round: Test
Experience: Aptitude & Reasoning

I applied via Campus Placement and was interviewed before May 2020. There were 4 interview rounds.

Interview Questionnaire 

1 Question

  • Q1. General questions

Interview Preparation Tips

Interview preparation tips for other job seekers - Its good experience and easy to crack the questions.

I appeared for an interview before Aug 2020.

Interview Questionnaire 

1 Question

  • Q1. Tell me about yourself.

Interview Preparation Tips

Interview preparation tips for other job seekers - I was hired in campus recruitment drive, my only advice to you is just be confident out there, eat food from recruiters plate if they offer just be who you are, speak loud and clear.

I applied via Referral and was interviewed before May 2021. There were 3 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - Aptitude Test 

English language arthamatic reasoning

Round 3 - RM interciew 

(1 Question)

  • Q1. About past work experience and company

Interview Preparation Tips

Interview preparation tips for other job seekers - Need strong Recommendations and previous work Experience.

New York Life Insurance Company Interview FAQs

How many rounds are there in New York Life Insurance Company interview?
New York Life Insurance Company interview process usually has 2 rounds. The most common rounds in the New York Life Insurance Company interview process are One-on-one Round, HR and Case Study.
What are the top questions asked in New York Life Insurance Company interview?

Some of the top questions asked at the New York Life Insurance Company interview -

  1. What is the target value for logistic regressi...read more
  2. Behavioral-related questi...read more

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New York Life Insurance Company Interview Process

based on 2 interviews

Interview experience

4
  
Good
View more

New York Life Insurance Company Reviews and Ratings

based on 4 reviews

4.0/5

Rating in categories

3.9

Skill development

4.3

Work-life balance

4.2

Salary

3.9

Job security

3.5

Company culture

3.1

Promotions

3.5

Work satisfaction

Explore 4 Reviews and Ratings
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