Reliance Nippon Life Insurance Senior Sales Executive Interview Questions and Answers

Q1. Basic question
Add your answer
Q2. Tell about yourself Previous experience Insurance knowledge About Participating and non participating
Add your answer

Q1. Tell me about your last company's working experience.
Add your answer

Q1. What are the PAR and NON-PAR products in Life Insurance?
Ans. 
PAR products refer to participating policies where policyholders receive bonuses, while NON-PAR products do not offer bonuses.
• PAR products provide policyholders with bonuses based on the insurer's profits

• Policyholders of NON-PAR products do not receive bonuses

• PAR products typically have higher premiums compared to NON-PAR products

• Examples of PAR products include whole life insurance and endowment plans

• Examples of NON-P...read more
Answered by AI
Add your answer
Q2. Tell me about the ULIP and it's charges.
Ans. 
ULIP is a type of insurance product that combines investment and insurance. It has various charges like premium allocation, fund management, mortality, etc.
• ULIP stands for Unit Linked Insurance Plan

• It offers both insurance coverage and investment options

• Charges associated with ULIP include premium allocation charges, policy administration charges, fund management charges, mortality charges, etc.

• Premium allocation charg...read more
Answered by AI
Add your answer

What work will she be ableto do? Than she hired me, and also did my job very well.

Q1. You have all the documents?
Add your answer
Q2. What i s your last CTC?
Add your answer
Q3. No othar question, i got the job within 10 days.
Add your answer

Basic about products and industry

Q1. Describe the entire sales process
Ans. 
The sales process involves prospecting, qualifying, presenting, handling objections, closing, and follow-up.
• Prospecting: Identifying potential customers and leads.

• Qualifying: Determining if the prospect has a need, budget, and authority to purchase.

• Presenting: Demonstrating the product or service to the prospect.

• Handling objections: Addressing any concerns or doubts the prospect may have.

• Closing: Securing the sale and ...read more
Answered by AI
Add your answer

Q1. Tell us about your performance in your current organization?
Add your answer
Q2. Family background & Your goal after 5years ?
Add your answer
Q3. Highest tickets size closure?
Ans. 
Closed a deal worth $500,000 with a major client in the previous quarter.
• Closed a deal worth $500,000 with XYZ Company in Q3.

• Negotiated a contract worth $750,000 with ABC Corporation.

• Secured a deal for $600,000 with DEF Ltd in the last fiscal year.
Answered by AI
Add your answer
Q4. Did you qualified for any foreign trip?
Add your answer

Q1. Tell me about yourself
Ans. Be confident and give your introduction to interviewer.
Answered by Nishant Gaurav
Add your answer
Q2. What was your packege in your previous company
Ans. Tell him true about your previous package.
Answered by Nishant Gaurav
Add your answer

Q1. EXPERIENCE & CTC RELATED
Add your answer
Q2. CTC & EXPERIENCE AND IF SHORT TIME WORK IN CV,THEN REASON ETC
Add your answer

Q1. L1 REPORTING MANAGER TAKE INTERVIEW
Add your answer
Q2. Asking about knowledge , handling bank branches process,and past experience related query
Add your answer