SBI General Insurance Business Development Executive Interview Questions and Answers

Para 13.2 exams and III Exams

Q1. Insurance exams from III
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Q2. Written easy and passage writing
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Q1. Location and job details
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Q2. Salary discussion and expectations
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Q1. Wheather u can sell policies or not
Ans. 
Yes, I have experience in selling policies and have a proven track record of achieving sales targets.
• I have worked as a sales representative for an insurance company for 2 years

• During my tenure, I consistently exceeded my sales targets by 20%

• I have a deep understanding of insurance policies and can explain them to customers in a clear and concise manner

• I am skilled in identifying customer needs and recommending policie
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Q1. Tell me Something about yourself
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Q2. What is your performance in last company
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Q3. Tell me how you can do business and why we hire you
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Q1. Tell me how many active agent u have
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Q1. Tell me something about self
Ans. 
Experienced business development professional with a proven track record of driving revenue growth through strategic partnerships and client relationships.
• Over 5 years of experience in business development roles

• Strong track record of exceeding sales targets

• Skilled in building and maintaining client relationships

• Proficient in identifying new business opportunities

• Excellent communication and negotiation skills
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Q2. How will be considered in agency channel and how will you built your agent team
Ans. 
In agency channel, agents are considered based on their sales performance, customer service skills, and market knowledge. Building an agent team involves recruiting, training, and motivating agents to achieve sales targets.
• Identify potential agents through networking, referrals, and job postings.

• Conduct interviews and assessments to select agents with relevant experience and skills.

• Provide comprehensive training on pro...read more
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It's a aptitude type of test before offer latter

Q1. Tell something about yourself ?
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Q2. How you will generate business and agents ?
Ans. 
I will generate business and agents through networking, referrals, and targeted marketing strategies.
• Networking with industry professionals and attending relevant events

• Asking for referrals from satisfied clients and partners

• Creating targeted marketing campaigns through social media and email marketing

• Offering incentives for agents to join and refer others

• Providing excellent customer service to retain clients and agent
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Q3. How many agents did you recruit in your last company ?
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Q4. What is your business focus , motor or non motor?
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Q5. Share some ideas of agents retaining ?
Ans. 
Agents can be retained by providing incentives, offering training and support, creating a positive work environment, and recognizing their achievements.
• Offering competitive compensation and benefits packages

• Providing opportunities for career growth and development

• Offering ongoing training and support to help agents improve their skills

• Creating a positive work environment that fosters collaboration and teamwork

• Recognizi...read more
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Group discussion with Area manager and HR about working style & lead generation on agents .