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Shriram Life Insurance Business Development Associate Interview Questions and Answers

Updated 24 Aug 2022

Shriram Life Insurance Business Development Associate Interview Experiences

1 interview found

I applied via Newspaper Ad and was interviewed in Jul 2022. There were 2 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 - Group Discussion 

Asking about company profile and previous experience that's it

Interview Preparation Tips

Interview preparation tips for other job seekers - Mostly there is a feild work. If you interested to work know company policies etc

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
Not Selected

I applied via Company Website and was interviewed in Mar 2024. There were 2 interview rounds.

Round 1 - Technical 

(2 Questions)

  • Q1. How do you sell a combo to a bold man
  • Ans. By highlighting the benefits of using a comb for scalp health and grooming. Emphasize the importance of scalp health and how combing can improve it Explain how using a comb can help style hair and create a polished look Offer a demonstration of how the comb can be used to create different hairstyles Highlight the durability and quality of the comb Offer a discount or bundle deal to incentivize purchase
  • Answered Anonymously
  • Q2. Need to discribe equity debt balanced
  • Ans. 

    Equity debt balance refers to the optimal mix of equity and debt financing for a company's capital structure.

    • Equity represents ownership in the company, while debt represents borrowed funds that need to be repaid with interest.

    • Balancing equity and debt allows a company to take advantage of the benefits of both types of financing, such as lower cost of debt and increased control with equity.

    • The ideal equity debt balance...

  • Answered by AI
Round 2 - Coding Test 

Explain about different funds under ULIPS

Interview Preparation Tips

Interview preparation tips for other job seekers - Set realistic goals: Aim to apply to three to five jobs per week and connect with at least two people daily, even on LinkedIn. Self-care matters: Don't forget to take care of yourself during the job search. Take breaks, eat well, exercise, and make time for activities you enjoy.
Interview experience
2
Poor
Difficulty level
Easy
Process Duration
2-4 weeks
Result
No response

I applied via Indeed and was interviewed in Jan 2024. There was 1 interview round.

Round 1 - One-on-one 

(4 Questions)

  • Q1. How to develop own business strategy
  • Ans. 

    Developing a business strategy involves analyzing the market, setting goals, identifying target customers, and creating a plan for growth.

    • Conduct a SWOT analysis to assess strengths, weaknesses, opportunities, and threats

    • Set clear and achievable goals for the business

    • Identify target customers and understand their needs and preferences

    • Create a detailed plan outlining how to achieve the goals and reach the target custome...

  • Answered by AI
  • Q2. First look in to my markets ,second social media
  • Q3. What's expected salary
  • Q4. As per company standard

Interview Preparation Tips

Interview preparation tips for other job seekers - attend interviews very energetically express your thoughts to the interviewer
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Apna Jobs and was interviewed in Nov 2023. There were 3 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. About the work details
Round 3 - One-on-one 

(4 Questions)

  • Q1. Few courses related questions
  • Q2. Financial service related questions
  • Q3. Management and training
  • Q4. Leadership qualities
Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(2 Questions)

  • Q1. Introduce myself
  • Q2. Achievement of your last company
Round 2 - Assignment 

Bm said me to bring 10 Insurance consultant list

Interview Preparation Tips

Interview preparation tips for other job seekers - Go for it
Interview experience
5
Excellent
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Recruitment Consulltant and was interviewed in May 2024. There were 2 interview rounds.

Round 1 - Aptitude Test 

Verbal communication as well as Quant

Round 2 - HR 

(1 Question)

  • Q1. What You are leaving current company and what are your expectations
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 Business Development Associate interview?
Shriram Life Insurance interview process usually has 2 rounds. The most common rounds in the Shriram Life Insurance interview process are Resume Shortlist and Group Discussion.

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