PolicyBazaar Sales Executive Interview Questions, Process, and Tips

Questions regarding insurance

Q1. Questions regarding sales executives services management
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Q2. Why should we hire you ?
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Q3. Introduction about me
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Q4. Define insurance?
Ans. 
Insurance is a financial product that provides protection against specified risks in exchange for payment of a premium.
• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

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

• Types of insuranc...read more
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Q1. Basic introduction and what is sale?
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Q1. Be confident and be yourself..
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Q1. Telll me about your self
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Experienced sales executive with a proven track record in exceeding targets and building strong client relationships.
• 10+ years of sales experience in the technology industry

• Consistently achieved or exceeded sales targets by 20% or more

• Developed and maintained a portfolio of key accounts, resulting in a 30% increase in revenue

• Strong negotiation and communication skills

• Expertise in identifying and capitalizing on market ...read more
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Q1. Tell me about your self. What is insurance
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Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against specified risks.
• Insurance is a form of risk management.

• It involves the transfer of risk from an individual or organization to an insurance company.

• The insured pays a premium in exchange for coverage against potential losses.

• Insurance can cover various aspects such as life, heal...read more
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Q1. Tell me about your self. Sell me this pen
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Experienced sales executive with a proven track record in achieving targets and building strong client relationships.
• I have a deep understanding of the sales process and can effectively communicate the value of products or services.

• I am skilled in identifying customer needs and tailoring solutions to meet those needs.

• I have a strong network of contacts in the industry, which allows me to generate leads and close deals.

• ...read more
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Q1. Brief me about yourself
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Q2. Why to join policybazaar
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Q1. What is insurance
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Insurance is a contract between an individual or organization and an insurance company, where the insurer provides financial protection against potential losses.
• Insurance is a risk management tool that helps individuals and organizations protect themselves against financial losses.

• It involves paying a premium to an insurance company in exchange for coverage against specific risks.

• Insurance policies can cover various ar...read more
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Q2. How to claim insurance
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To claim insurance, gather necessary documents, contact the insurance company, fill out claim forms, and submit the claim.
• Gather all relevant documents such as policy details, proof of loss, and supporting evidence.

• Contact the insurance company to inform them about the claim and get guidance on the process.

• Fill out the claim forms accurately and provide all required information.

• Submit the claim along with the necessary...read more
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Q1. What is the salary in this company
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Q1. What is the incentive in this field
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Incentives in sales executive roles often include commission, bonuses, and rewards for meeting or exceeding targets.
• Commission based on sales performance

• Bonuses for meeting or exceeding targets

• Rewards such as trips, gift cards, or other incentives

• Career advancement opportunities based on performance
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Q1. What is your motivation for pursuing this opportunity?
Ans. 
My motivation for pursuing this opportunity is to utilize my sales skills and experience to drive revenue growth and exceed targets.
• Utilize sales skills and experience

• Drive revenue growth

• Exceed targets
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Q2. What is insurance
Ans. 
Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.
• Insurance is a contract between the insurer (insurance company) and the insured (policyholder).

• The insured pays a premium to the insurer in exchange for coverage against specified risks.

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

• Types of insurance...read more
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