SBI Life Insurance Company Senior Business Development Manager Interview Questions and Answers for Freshers

Life insurance is a contract between an insurer and a policyholder, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

• Life insurance provides financial protection to the family of the insured in case of their untimely death.

• There are different types of life insurance policies such as term life, whole life, and universal life.

• Premiums for life insurance policies...read more

Life insurance provides financial security to the family of the insured in case of their untimely demise.

• Life insurance helps in providing financial stability to the family of the insured in case of their sudden death.

• It can help cover expenses such as funeral costs, outstanding debts, and future expenses like children's education.

• It can also act as an income replacement for the family of the insured.

• Life insurance can...read more

Building relationships with customers is the most important thing in sales.

• Building trust and rapport with customers

• Understanding their needs and providing solutions

• Following up and maintaining communication

• Providing excellent customer service

• Creating a positive customer experience

• Repeat business and referrals are key indicators of success