SBI Life Insurance Company Development Manager Interview Questions, Process, and Tips

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 policyholder's beneficiaries in the event of their death.

• There are two main types of life insurance: term life insurance and permanent life insurance.

• Term life insurance provides coverage for a...read more

Term, traditional and ULIP plans are different types of insurance policies.

• Term plans provide pure life cover for a specific term and do not offer any maturity benefits.

• Traditional plans offer both life cover and savings benefits, and have a fixed premium payment term.

• ULIP plans offer life cover and investment options, allowing policyholders to invest in equity, debt or a combination of both.

• ULIPs offer flexibility in ...read more

I have extensive knowledge of the local market business potential.

• I have conducted market research and analysis to identify potential business opportunities.

• I have established relationships with key stakeholders in the local business community.

• I have experience developing and implementing successful business strategies in the local market.

• I am aware of the current economic trends and regulatory environment that impact ...read more

Sorry, I cannot provide a list of famous people in the local market.

I will generate business from local market by building strong relationships with potential clients and leveraging my network.

• Identify potential clients through market research and networking

• Build strong relationships with clients through effective communication and follow-up

• Offer customized solutions to meet clients' specific needs

• Leverage my network to generate referrals and expand business

• Participate in local events ...read more