Star Union Dai-ichi Life Insurance Assistant Branch Manager Interview Questions and Answers

Q1. Introduction, Profile & performance of each previous organisation
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Q2. Product knowledge & Achievement
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Q1. Communication skill, confidence
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Q2. Leadership Level questions on Team Handling & team growth
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Q1. On Max Life values understanding level
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Q2. New role Handling questions
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Q1. Who is the control authority of insurance industry
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The control authority of the insurance industry is typically the government regulatory body responsible for overseeing insurance companies.
• The control authority may vary by country, but in the United States, it is the state insurance department.

• The control authority sets regulations and guidelines for insurance companies to ensure they are operating fairly and within the law.

• Examples of control authorities in other cou...read more
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Q2. What is sum assured
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Sum assured is the guaranteed amount that an insurance company will pay out in the event of a claim.
• Sum assured is the maximum amount that an insurance policy will pay out to the policyholder or their beneficiaries.

• It is specified in the insurance policy and is agreed upon by the insurer and the policyholder.

• The sum assured can vary depending on the type of insurance policy, such as life insurance, health insurance, or...read more
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Q3. Full form of IRDAI
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Insurance Regulatory and Development Authority of India
• IRDAI is the regulatory body for insurance in India

• It was established in 1999

• IRDAI regulates and promotes the insurance industry in India
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Q4. Who is the supreme of IRDAI
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The supreme authority of IRDAI is the Insurance Regulatory and Development Authority of India.
• The Insurance Regulatory and Development Authority of India (IRDAI) is the apex body overseeing the insurance sector in India.

• It was established in 1999 by the IRDAI Act, 1999.

• IRDAI's primary role is to regulate and promote the insurance industry in India, ensuring fair practices and protecting the interests of policyholders.

• T...read more
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Q5. Who is conducting to ITDAI 38 exam
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It was moderate. LR was tricky but overall a moderate apti.

The topic for GD was, "AI in Insurance Industry"

Q1. Self intro Family Background What was your SIP about Questions regarding my SIP Question from Academic/freelancing projects What is Guerrilla Technique What is STP Who is Phillip Kotler What is AIDA Model ...read more
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Q1. PI 2: Interesting story which is not mentioned on resume Questions regarding hometown Freelancing project details
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Q1. How would you achieve your target?
Ans. If i have zeal to achieve the same , i will achieve
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Q2. Whatdo you think on team work
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Q3. What do you know regarding gic market?
Ans. 
GIC market refers to the market for Guaranteed Investment Certificates, which are low-risk investments offered by financial institutions.
• GICs are fixed-term investments that guarantee a specific rate of return over a set period of time.

• They are typically offered by banks, credit unions, and trust companies.

• GICs are considered low-risk investments as they are insured by the CDIC or provincial deposit insurance programs.

• ...read more
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Q4. How agents work in your market
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Agents in our market work independently but collaborate on larger deals
• Agents in our market typically work independently to find and close deals

• However, they often collaborate on larger deals that require more resources or expertise

• Agents may share leads or work together on marketing efforts to attract more clients

• Some agents specialize in certain types of properties or clients, while others have a more general focus
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