Reliance Nippon Life Insurance Branch Relationship Manager Interview Questions and Answers

Incentive earnings vary based on performance and targets. It is not possible to give a specific amount for one month.

• Incentive earnings are based on meeting or exceeding sales targets

• Performance and productivity also play a role in incentive earnings

• Incentive structures vary by company and industry

• It is not possible to give a specific amount for one month without knowing the specific targets and performance metrics

Participating products offer policyholders a share in the profits of the insurance company, while non-participating products do not.

• Participating products are also known as with-profit policies.

• Policyholders receive bonuses in addition to the guaranteed benefits.

• Non-participating products are also known as non-profit policies.

• Policyholders receive only the guaranteed benefits.

• Examples of participating products include ...read more

A product is a tangible item that can be bought or sold, while a service is an intangible action or task performed for a customer.

• A product is a physical item that can be touched, while a service is an action or task that cannot be touched.

• Products are usually manufactured or produced, while services are usually performed or provided.

• Products can be stored and sold later, while services are consumed at the time they ar...read more

IRDA stands for Insurance Regulatory and Development Authority.

• IRDA is a regulatory body that oversees the insurance industry in India.

• It was established in 1999 under the IRDA Act.

• IRDA's main functions include issuing licenses to insurance companies, regulating premiums, and protecting policyholders' interests.

• IRDA also promotes the development of the insurance industry in India.

• IRDA has the power to impose penalties ...read more

I am an experienced Relationship Manager with a strong track record in building and maintaining client relationships.

• I have over 5 years of experience in the banking industry, specifically in relationship management.

• I have a proven ability to understand and meet the needs of clients, providing them with tailored solutions.

• I excel in building and maintaining long-term relationships with clients, ensuring their satisfact...read more

Life insurance is a contract between an individual and an insurance company to provide financial protection to the individual's beneficiaries upon their death.

• Life insurance provides a lump sum payment to the beneficiaries upon the death of the insured individual.

• The amount of coverage and premiums depend on factors such as age, health, and lifestyle.

• There are different types of life insurance policies, including term ...read more

I am joining Bajaj Allianz because of their strong reputation, comprehensive product offerings, and commitment to customer satisfaction.

• Bajaj Allianz has a strong reputation in the insurance industry, known for their reliability and trustworthiness.

• They offer a wide range of comprehensive insurance products, catering to the diverse needs of customers.

• Bajaj Allianz prioritizes customer satisfaction and provides excellen...read more