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Shriram Life Insurance Business Manager Interview Questions and Answers

Updated 28 Aug 2024

Shriram Life Insurance Business Manager Interview Experiences

2 interviews found

Interview experience
5
Excellent
Difficulty level
-
Process Duration
-
Result
-
Round 1 - One-on-one 

(3 Questions)

  • Q1. Tell me about yourself.
  • Ans. 

    Experienced business manager with a proven track record of driving growth and profitability through strategic planning and team leadership.

    • Over 10 years of experience in business management

    • Successfully implemented cost-saving measures resulting in a 20% increase in profit margins

    • Led a team of 50 employees to exceed sales targets by 30% in the last fiscal year

  • Answered by AI
  • Q2. How you will manage your team?
  • Ans. 

    I will manage my team by setting clear goals, providing support and resources, fostering open communication, and recognizing and rewarding achievements.

    • Set clear goals and expectations for each team member

    • Provide necessary support and resources to help team members succeed

    • Foster open communication and encourage feedback from team members

    • Recognize and reward achievements to motivate and boost morale

  • Answered by AI
  • Q3. Whom will you approach for leaders in Shriram Life Insurance?
  • Ans. 

    I will approach experienced professionals in the insurance industry with a proven track record of leadership.

    • Approach individuals who have held leadership positions in insurance companies

    • Look for candidates with a strong understanding of the insurance industry and market trends

    • Consider professionals with a successful track record of leading teams and driving business growth

    • Seek out individuals with excellent communicat

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I have gathered much more knowledges & so many unknown facts which will be beneficial in my career & these will help me to lead my career paths easy in my life....

A lots of thanks to Shriram Life Insurance for giving me such a responsible post
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I appeared for an interview in Mar 2024.

Round 1 - One-on-one 

(1 Question)

  • Q1. How to generate Business and quality advisior
  • Ans. 

    To generate business and quality advisors, focus on networking, building relationships, providing valuable insights, and showcasing expertise.

    • Build a strong network by attending industry events, conferences, and seminars.

    • Establish relationships with key stakeholders and decision-makers in the industry.

    • Provide valuable insights and solutions to potential clients to showcase expertise.

    • Offer high-quality services or produ...

  • Answered by AI

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Interview questions from similar companies

I applied via Recruitment Consulltant and was interviewed in Mar 2022. There was 1 interview round.

Round 1 - HR 

(1 Question)

  • Q1. Why are you looking for a change?

Interview Preparation Tips

Interview preparation tips for other job seekers - Shortlisting process is pending

I applied via Walk-in and was interviewed before Sep 2020. There was 1 interview round.

Interview Questionnaire 

1 Question

  • Q1. Indsurance related. bancassurance

Interview Preparation Tips

Interview preparation tips for other job seekers - basically credit life bancassurance related

I applied via Recruitment Consulltant and was interviewed before Nov 2021. There were 2 interview rounds.

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. Insurance industry, products
  • Q2. Knowledge about excel

Interview Preparation Tips

Interview preparation tips for other job seekers - be confident on past work ex and command over excel

I applied via Recruitment Consultant and was interviewed in Jan 2021. There were 4 interview rounds.

Interview Questionnaire 

4 Questions

  • Q1. Tell us something about your family.
  • Q2. Academics.
  • Q3. What do you know about Kotak?
  • Q4. As I have attended some webinars so, they asked the related questions.

Interview Preparation Tips

Interview preparation tips for other job seekers - Don't get nervous because giving an interview is an awesome experience.
You must be confident while giving the interview.
Try to define yourseIf in the interview.
You are going for an interview, you should know about the company.

I applied via Recruitment Consultant and was interviewed before Dec 2020. There was 1 interview round.

Interview Questionnaire 

3 Questions

  • Q1. Question regarding my profile and future plans.
  • Q2. How will i travel
  • Q3. Regulations of Insurance industry
  • Ans. 

    Regulations in the insurance industry ensure fair practices and protect consumers.

    • Insurance companies must comply with state and federal laws

    • Regulations cover areas such as pricing, underwriting, and claims handling

    • State insurance departments oversee and enforce regulations

    • Examples of regulations include the Affordable Care Act and the Fair Credit Reporting Act

  • Answered by AI

Interview Preparation Tips

Interview preparation tips for other job seekers - I think we should be honest during Job interviews.
Interview experience
4
Good
Difficulty level
Moderate
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Approached by Company and was interviewed before May 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 - HR 

(2 Questions)

  • Q1. Last company work profile discussion.
  • Q2. Salary discussion.

Interview Preparation Tips

Topics to prepare for HDFC Ergo General Insurance Deputy Manager interview:
  • Commercial line business
  • Retail line business
  • Which channel i preffered to wor
Interview preparation tips for other job seekers - Reporting manager and zonal head take a interview.
Interview experience
5
Excellent
Difficulty level
Easy
Process Duration
Less than 2 weeks
Result
Selected Selected

I applied via Naukri.com and was interviewed in May 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 - Group Discussion 

Share with my last experience

Round 3 - Technical 

(2 Questions)

  • Q1. Technical knowledge will help to increase our careers growth
  • Q2. Yes if there is an opportunity for the company we can proven ourself to achieve higher goal in our future life more comfortable

Interview Preparation Tips

Interview preparation tips for other job seekers - Last experience of the company and how many employer working with the last company will focusing on the company will prefers chance to job seekers for emplo
Interview experience
5
Excellent
Difficulty level
Hard
Process Duration
Less than 2 weeks
Result
Selected Selected

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

Round 1 - Aptitude Test 

Was provided with 50 question whiuch need to be answered within 30 mins

Round 2 - One-on-one 

(2 Questions)

  • Q1. Insurance laws in india and the change needed
  • Ans. 

    Insurance laws in India need to be updated to keep up with changing market dynamics and technological advancements.

    • Insurance laws in India are governed by the Insurance Regulatory and Development Authority of India (IRDAI).

    • There is a need for more stringent regulations to protect policyholders and ensure fair practices by insurance companies.

    • With the rise of digital insurance platforms and InsurTech companies, laws nee...

  • Answered by AI
  • Q2. Constitution validity of 3rd party claims
  • Ans. 

    The constitutionality of third party claims refers to the legality and validity of claims made by individuals or entities not directly involved in a legal dispute.

    • Third party claims can be valid if they have a legal basis and are supported by evidence.

    • Courts will consider factors such as standing, jurisdiction, and the nature of the claim when determining the validity of third party claims.

    • For example, in a contract di...

  • Answered by AI

Shriram Life Insurance Interview FAQs

How many rounds are there in Shriram Life Insurance Business Manager interview?
Shriram Life Insurance interview process usually has 1 rounds. The most common rounds in the Shriram Life Insurance interview process are One-on-one Round.
How to prepare for Shriram Life Insurance Business Manager interview?
Go through your CV in detail and study all the technologies mentioned in your CV. Prepare at least two technologies or languages in depth if you are appearing for a technical interview at Shriram Life Insurance. The most common topics and skills that interviewers at Shriram Life Insurance expect are Life Insurance, NBFC, Sales, agency and Agency Channel.

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Shriram Life Insurance Business Manager Interview Process

based on 2 interviews

Interview experience

5
  
Excellent
View more
Shriram Life Insurance Business Manager Salary
based on 64 salaries
₹3 L/yr - ₹5 L/yr
66% less than the average Business Manager Salary in India
View more details

Shriram Life Insurance Business Manager Reviews and Ratings

based on 27 reviews

3.5/5

Rating in categories

3.0

Skill development

3.4

Work-life balance

3.6

Salary

3.1

Job security

3.3

Company culture

3.3

Promotions

3.0

Work satisfaction

Explore 27 Reviews and Ratings
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