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Shriram Life Insurance Area Business Head Interview Questions and Answers

Updated 25 Feb 2024

Shriram Life Insurance Area Business Head Interview Experiences

1 interview found

Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Referral and was interviewed before Feb 2023. There was 1 interview round.

Round 1 - HR 

(2 Questions)

  • Q1. Annual Package expected
  • Ans. 

    Negotiable based on role, responsibilities, and market standards

    • Consider the scope of the role and responsibilities

    • Research market standards for similar positions

    • Factor in any additional benefits or perks offered by the company

    • Be prepared to negotiate based on your qualifications and experience

  • Answered by AI
  • Q2. Product knowledge

Interview Preparation Tips

Interview preparation tips for other job seekers - Good experience with SLIC

Interview questions from similar companies

Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in Aug 2024. There was 1 interview round.

Round 1 - One-on-one 

(9 Questions)

  • Q1. Tell me about your self.
  • Ans. 

    Experienced business development professional with a proven track record of driving revenue growth and building strong client relationships.

    • Over 5 years of experience in business development roles

    • Successfully increased sales by 30% in previous position

    • Skilled in identifying new business opportunities and negotiating contracts

    • Strong communication and interpersonal skills

    • MBA in Business Administration from XYZ University

  • Answered by AI
  • Q2. Tell me about your last work. And other queries.
  • Q3. Why are you quitting your job ?
  • Ans. 

    Seeking new challenges and growth opportunities.

    • Looking for a new challenge to further develop my skills and experience

    • Seeking opportunities for career growth and advancement

    • Want to explore new industries or sectors

    • Desire for a change in work environment or company culture

  • Answered by AI
  • Q4. Why do you want to work in an insurance company?
  • Ans. 

    I am passionate about helping individuals and businesses protect themselves from financial risks.

    • I have a strong interest in finance and risk management.

    • I enjoy working in a dynamic and fast-paced industry.

    • I believe in the importance of insurance in providing security and peace of mind to individuals and businesses.

    • I am excited about the opportunity to help clients find the best insurance solutions for their needs.

  • Answered by AI
  • Q5. What is insurance?
  • Ans. 

    Insurance is a contract between an individual or organization and an insurance company, where the individual or organization pays a premium in exchange for financial protection against potential losses.

    • Insurance provides financial protection against unexpected events or losses.

    • Types of insurance include health, life, auto, home, and business insurance.

    • Premiums are paid by the insured to the insurance company in exchang...

  • Answered by AI
  • Q6. How many types of insurance ?
  • Ans. 

    There are several types of insurance, including life, health, auto, home, and business insurance.

    • Life insurance covers the policyholder in case of death, providing financial support to beneficiaries.

    • Health insurance helps cover medical expenses, including doctor visits, prescriptions, and hospital stays.

    • Auto insurance protects against financial loss in case of accidents or theft involving a vehicle.

    • Home insurance provi...

  • Answered by AI
  • Q7. What is the difference between life insurance and general insurance ?
  • Ans. 

    Life insurance provides financial protection in case of death, while general insurance covers a wide range of non-life risks.

    • Life insurance provides a payout to beneficiaries in case of the insured's death, while general insurance covers risks such as property damage, theft, and liability.

    • Life insurance is typically long-term and covers the insured's entire life, while general insurance is usually short-term and covers...

  • Answered by AI
  • Q8. What is IRDAI ?
  • Ans. 

    IRDAI stands for Insurance Regulatory and Development Authority of India.

    • Regulatory body for insurance sector in India

    • Established in 1999

    • Protects the interests of policyholders

    • Promotes and regulates the insurance industry

    • Issues licenses to insurance companies

  • Answered by AI
  • Q9. Why should we select you ?
  • Ans. 

    I have a proven track record of driving business growth through strategic planning and relationship building.

    • Extensive experience in identifying new business opportunities and developing innovative strategies to capitalize on them

    • Strong communication and negotiation skills to build and maintain relationships with clients and partners

    • Track record of exceeding sales targets and driving revenue growth

    • Ability to lead and m...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in Jun 2024. There were 4 interview rounds.

Round 1 - HR 

(3 Questions)

  • Q1. Why we choose you ? We have already got 20 resume before you ?
  • Q2. Why you want to leave your past job and industry you come ?
  • Q3. It's comfortable with you in sales field ?
Round 2 - Aptitude Test 

It's basic level test paper give. To me for fill 60 questions in 1 hour for general information

Round 3 - Group Discussion 

Description for job roal and also what is my role in this job

Round 4 - One-on-one 

(2 Questions)

  • Q1. If you selected how much time you need to join ?
  • Q2. Our training is Mumbai if you select today you have to go today night if you want to joining is it comfortable for you ?

Interview Preparation Tips

Interview preparation tips for other job seekers - It's too good communication skill needed and desires to you have passion for this job and you are work with brand name in future also why you chose this sector ? In short you have fame ,name and also vision for this job. So you got this job with out any headache also got promoted by HR .
IF YOU have ability you can got 2 promotion in 1year complete sales criteria in 1year
For my suggestion if you want to check me a brand name definitely join and get promotion hear I am getting first promotion with in 5 month so you can also . But hear 🙉 have privious experience in marketing and also real-estate market so I have enough data to getting basic level work so you must be study and work accordingly
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in May 2024. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. About yourself and achievements ?
  • Q2. Why you left last 2 previous companies ? And How could you manage here ?
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
-
Result
Selected Selected
Round 1 - HR 

(1 Question)

  • Q1. HOW U MEET WITH PEOPLE TO ATTACHED THEM WITH MAX
  • Ans. 

    I meet with people by networking at industry events, utilizing social media platforms, and leveraging existing relationships.

    • Attend industry events and conferences to meet new people

    • Utilize social media platforms like LinkedIn to connect with potential clients

    • Leverage existing relationships for referrals and introductions

  • Answered by AI
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Not Selected

I applied via Walk-in and was interviewed in Jul 2024. There was 1 interview round.

Round 1 - One-on-one 

(2 Questions)

  • Q1. Experience letter and bank statement
  • Q2. Introduce myself
  • Ans. 

    I am a seasoned business development professional with a proven track record of driving revenue growth and forging strategic partnerships.

    • Over 10 years of experience in business development

    • Strong background in sales and marketing

    • Demonstrated success in expanding client base and increasing market share

    • Skilled in negotiating and closing deals

    • Excellent communication and relationship-building skills

  • Answered by AI
Interview experience
3
Average
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via LinkedIn and was interviewed in Sep 2023. There were 6 interview rounds.

Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Keep your resume crisp and to the point. A recruiter looks at your resume for an average of 6 seconds, make sure to leave the best impression.
View all tips
Round 2 - HR 

(1 Question)

  • Q1. Simple your CV and experience
Round 3 - One-on-one 

(1 Question)

  • Q1. Regional Manager - Your CV and Target vs Achievement and how did you worked in previous organisation and how you will work here.
Round 4 - One-on-one 

(1 Question)

  • Q1. National Head- It's a formality.
Round 5 - Aptitude Test 

They have own app for test where your find question about reasoning , physcometric test.

Round 6 - HR 

(1 Question)

  • Q1. Salary Negotiation - they have budget up to 11 lac so don't compromise at below 10 lac.

Interview Preparation Tips

Interview preparation tips for other job seekers - Do go HDFC channel Partner Role because you can't survive even all working manager looking for opportunities.
Interview experience
4
Good
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Aptitude Test 

Basic about products and industry

Round 2 - Technical 

(1 Question)

  • Q1. Describe the entire sales process
  • Ans. 

    The sales process involves prospecting, qualifying, presenting, handling objections, closing, and follow-up.

    • Prospecting: Identifying potential customers and leads.

    • Qualifying: Determining if the prospect has a need, budget, and authority to purchase.

    • Presenting: Demonstrating the product or service to the prospect.

    • Handling objections: Addressing any concerns or doubts the prospect may have.

    • Closing: Securing the sale and ...

  • Answered by AI
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Neeraj verma 

(2 Questions)

  • Q1. Basic knowledge
  • Q2. Last companies achivements

Interview Preparation Tips

Interview preparation tips for other job seekers - Ok
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - Resume Shortlist 
Pro Tip by AmbitionBox:
Don’t add your photo or details such as gender, age, and address in your resume. These details do not add any value.
View all tips
Round 2 - One-on-one 

(2 Questions)

  • Q1. Total Experience,
  • Q2. Family details, others company
Round 3 - HR 

(1 Question)

  • Q1. Knowledge experience CTC documents

Shriram Life Insurance Interview FAQs

How many rounds are there in Shriram Life Insurance Area Business Head interview?
Shriram Life Insurance interview process usually has 1 rounds. The most common rounds in the Shriram Life Insurance interview process are HR.
What are the top questions asked in Shriram Life Insurance Area Business Head interview?

Some of the top questions asked at the Shriram Life Insurance Area Business Head interview -

  1. Annual Package expec...read more
  2. Product knowle...read more

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Shriram Life Insurance Area Business Head Interview Process

based on 5 interviews

Interview experience

4.4
  
Good
View more
Shriram Life Insurance Area Business Head Salary
based on 17 salaries
₹5.2 L/yr - ₹8 L/yr
52% less than the average Area Business Head Salary in India
View more details

Shriram Life Insurance Area Business Head Reviews and Ratings

based on 4 reviews

4.7/5

Rating in categories

5.0

Skill development

5.0

Work-life balance

5.0

Salary

3.9

Job security

4.3

Company culture

3.8

Promotions

5.0

Work satisfaction

Explore 4 Reviews and Ratings
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