SBI Life Insurance Company Branch Development Manager Interview Questions and Answers

Q1. How will you recruit advisors
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Q2. How will manage team of advisors
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Q1. How much experience, role, achievements
Ans. 
I have over 10 years of experience in banking, with a proven track record of leadership and achieving branch targets.
• 10+ years of experience in banking industry

• Demonstrated leadership skills in previous roles

• Consistently met or exceeded branch targets

• Implemented successful strategies to increase branch profitability
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Q2. How did you manage the team? How many members of the team were promoted?
Ans. 
I managed the team by setting clear goals, providing support and guidance, and recognizing individual strengths. Several team members were promoted based on their performance and potential.
• Set clear goals and expectations for team members

• Provided support and guidance to help team members succeed

• Recognized and utilized individual strengths within the team

• Promoted team members based on performance and potential
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Q1. About your experience
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Q2. About yout skill
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Q1. Previous experience
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Q2. What do you about ipru?
Ans. 
Ipru is a financial services company offering insurance, investments, and retirement solutions.
• Ipru is short for ICICI Prudential Life Insurance Company Limited.

• It is one of the leading insurance companies in India.

• They offer a wide range of insurance products such as term insurance, ULIPs, and health insurance.

• Ipru also provides investment options like mutual funds and pension plans.

• Their focus is on providing financi...read more
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Q3. Why do you want to work in ipru?
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Q1. Previous experience
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Q2. Business done in previous Experience
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Q3. Confirm will you work here for long term
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Discussion of previous company work

Goal sheet achieve this company

Q1. How to create distribution
Ans. 
Creating distribution involves identifying target markets, establishing channels, and managing logistics.
• Identify target markets based on demographics, psychographics, and geographic factors

• Establish distribution channels such as direct sales, wholesalers, retailers, and online platforms

• Manage logistics efficiently to ensure timely delivery and minimize costs
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Q2. People engagement
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Q1. Strong leadership with people management
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Q2. How to create distribution
Ans. 
Creating distribution involves establishing channels to deliver products or services to customers.
• Identify target market and customer segments

• Develop relationships with distributors or retailers

• Utilize online platforms and e-commerce for wider reach

• Implement effective marketing and promotional strategies

• Monitor and adjust distribution channels based on feedback and performance
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Q1. How to create distribution
Ans. 
Creating distribution involves establishing channels to deliver products or services to customers.
• Identify target market and customer segments

• Develop relationships with distributors or retailers

• Utilize online platforms and e-commerce for wider reach

• Implement effective marketing and promotional strategies

• Monitor and adjust distribution channels based on feedback and performance
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Q2. People engagement
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Q1. What is your thoughts on life insurance?
Ans. 
Life insurance provides financial protection for loved ones in case of unexpected events.
• Life insurance helps provide financial security for dependents in case of the policyholder's death.

• It can cover funeral expenses, outstanding debts, and future financial needs.

• Different types of life insurance include term life, whole life, and universal life.

• Premiums are based on factors like age, health, and coverage amount.

• Life ...read more
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