SBI General Insurance BD Manager Interview Questions and Answers

India growth story and impact on youth

Q1. What defines you
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Q1. Claim process is bad
Ans. 
The claim process can be improved by streamlining procedures and increasing transparency.
• Implementing a digital platform for submitting and tracking claims can improve efficiency.

• Providing clear guidelines and instructions to claimants can reduce confusion and errors.

• Regularly reviewing and updating the claim process based on feedback can help address any issues.

• Training staff members on the claim process can ensure co
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Q2. Very bad experience
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Q3. Even after I targeted 50% business, the company terminated me in a single day and withheld my salary for 45 days in full and final settlement. Emp cod Pnbmetlife - 8036724
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Q4. Very bad experience with HR and management team
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Q5. I will become unemployed due to sudden loss of job
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Q1. What is your knowledge about insurance?
Ans. 
I have a strong knowledge of insurance policies, including coverage options, claim processes, and customer service.
• Understanding of different types of insurance (e.g. life, health, auto, home)

• Knowledge of insurance coverage options and limitations

• Familiarity with claim processes and procedures

• Experience in providing excellent customer service in insurance industry
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Q2. How do you persuade customers about the value of your products?
Ans. 
By highlighting the unique features, benefits, and competitive advantages of our products, I can effectively persuade customers about their value.
• Focus on the specific benefits and features of the product that meet the customer's needs and solve their problems.

• Provide real-life examples or case studies to demonstrate the effectiveness of the product.

• Highlight any competitive advantages or unique selling points that set...read more
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Q1. About last experience
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Q2. About u r self and u r job
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Q3. About sales and product
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About product and Sales skills

Q1. About salary and TA
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Q1. Tell me about your last company's working experience.
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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
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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
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Q1. How do you sell a combo to a bold man
Ans. By highlighting the benefits of using a comb for scalp health and grooming. Emphasize the importance of scalp health and how combing can improve it Explain how using a comb can help style hair and create a polished look Offer a demonstration of how the comb can be used to create different hairstyles Highlight the durability and quality of the comb Offer a discount or bundle deal to incentivize purchase
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Q2. Need to discribe equity debt balanced
Ans. 
Equity debt balance refers to the optimal mix of equity and debt financing for a company's capital structure.
• Equity represents ownership in the company, while debt represents borrowed funds that need to be repaid with interest.

• Balancing equity and debt allows a company to take advantage of the benefits of both types of financing, such as lower cost of debt and increased control with equity.

• The ideal equity debt balance...read more
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Explain about different funds under ULIPS

Q1. Can you tell me about yourself?
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Q2. What is the RPD channel?
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Q1. Describe about yourself
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Q2. Working experience
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