PolicyBazaar Sales Consultant Interview Questions and Answers

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.

• There are different types of insurance such as health, life, auto, and home insurance.

• Insurance policies have premiums, deductibles, and coverage limits.

• Insurance companies use actuarial science to calculate risks and determine premiums.

• Insurance fraud is a...read more

Policy Bazaar is an online platform that helps customers compare and buy insurance policies.

• Offers a wide range of insurance products including health, motor, travel, and life insurance

• Provides customers with a user-friendly interface to compare policies from different insurance companies

• Assists customers in making informed decisions by providing expert advice and customer reviews

• Facilitates the purchase of insurance policies online

• Has partnerships with over 50 insurance comp...read more

Upsell is persuading a customer to buy a more expensive item, while cross-selling is offering related products or services.

• Upselling involves convincing a customer to purchase a higher-end version of the product they are interested in.

• Cross-selling involves suggesting additional products or services that complement the customer's original purchase.

• Example of upselling: Offering a customer a premium version of a software package with more features.

• Example of cross-selling: Sug...read more

This pen is not just a writing tool, it's a statement of style and sophistication.

• This pen is made with high-quality materials that ensure a smooth writing experience.

• It's perfect for professionals who want to make a lasting impression.

• The sleek design and elegant finish make it a great gift for any occasion.

• With its refillable ink cartridge, this pen is an eco-friendly choice that will last for years.

• Investing in this pen is an investment in your personal brand and professio...read more

Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.

• Insurance is a contract between the insured (policyholder) and the insurer (insurance company).

• The insured pays a premium to the insurer in exchange for coverage against certain risks, such as property damage, liability, or loss of income.

• In the event of a covered loss, the insurer compensates the insured according to the terms of the policy.

• Types of insurance...read more