20+ ICICI Prudential Life Insurance Interview Questions and Answers

The business target months date varies depending on the specific goals and objectives of the company.

• The target months date may be based on a specific event or season, such as the holiday season for retail businesses.

• It may also be based on financial quarters or fiscal years for accounting purposes.

• The target months date may be adjusted based on market trends and competition.

• The target months date should be regularly reviewed and updated to ensure it aligns with the overall b...read more

I have extensive experience in the finance sector and I am here to contribute my expertise to the process.

• I have worked in the finance sector for over 10 years, gaining in-depth knowledge of various financial products and services.

• I have successfully managed a portfolio of high net worth clients, providing them with personalized financial solutions.

• I have a strong understanding of risk management and compliance regulations in the finance industry.

• I have a proven track record ...read more

CGT stands for Capital Gains Tax.

• CGT is a tax imposed on the profit made from the sale of an asset.

• It is applicable to various assets such as real estate, stocks, and businesses.

• The tax is calculated based on the difference between the purchase price and the selling price of the asset.

• CGT rates may vary depending on the country and the type of asset.

• Some countries provide exemptions or reduced rates for certain types of assets or individuals.

• CGT is an important aspect of fina...read more

We evaluate the property based on its location, market demand, potential for appreciation, and legal compliance.

• Location plays a crucial role in determining the value of a property.

• We analyze the market demand for the type of property and its location.

• We consider the potential for appreciation in the future.

• We ensure that the property complies with all legal requirements.

• We also assess the condition of the property and its potential for renovation or improvement.

KYC verification can be performed in multiple ways such as in-person verification, document verification, video verification, etc.

• In-person verification by visiting a physical location

• Document verification by submitting identity documents online

• Video verification where the customer interacts with a live agent

• Biometric verification using fingerprints or facial recognition

• Database verification by cross-checking information with official databases

IFSC full form is Indian Financial System Code.

• IFSC is a unique code assigned to each bank branch in India.

• It is used for electronic funds transfer in India.

• IFSC consists of 11 characters, including alphabets and numbers.

• The first four characters represent the bank code, followed by a zero and the branch code.

• For example, the IFSC code for State Bank of India's Mumbai Main branch is SBIN0000300.

Verification of property documents involves checking LSR and TSR.

• Check the authenticity of the documents by verifying the signatures and stamps.

• Ensure that the documents are not forged or tampered with.

• Verify the Land Survey Report (LSR) to confirm the boundaries and measurements of the property.

• Check the Town Survey Report (TSR) to confirm the land use and zoning regulations.

• Consult with legal experts to ensure that all the documents are legally valid and binding.

BUP stands for Business Unit Planning.

• BUP is a term commonly used in business and management.

• It refers to the process of planning and strategizing for a specific business unit within an organization.

• BUP involves analyzing market trends, setting goals, allocating resources, and developing strategies to achieve business objectives.

• For example, in a retail company, the BUP for a specific store location would involve determining sales targets, forecasting inventory needs, and cre...read more

RFID tags are used for tracking and identifying objects or people using radio waves.

• RFID tags are commonly used in inventory management to track products throughout the supply chain.

• They are also used in access control systems to grant or restrict entry to certain areas.

• RFID tags can be found in transportation systems for tracking luggage or toll collection.

• In healthcare, RFID tags are used for patient identification and tracking medical equipment.

• RFID tags are also used in l...read more

I handle confidence and sensitive information with utmost discretion and professionalism.

• Maintain strict confidentiality at all times

• Only share information on a need-to-know basis

• Use secure communication channels

• Follow company policies and procedures regarding sensitive information

• Seek guidance from superiors when unsure about handling certain information

Savings account is for saving money and earning interest, while current account is for frequent transactions with no interest.

• Savings account is meant for saving money and earning interest on the deposited amount.

• Current account is used for frequent transactions like withdrawals, deposits, and payments.

• Savings account usually have limits on the number of withdrawals allowed per month, while current accounts have no such limits.

• Savings accounts typically offer higher interest ...read more

I'm sorry, but I cannot answer that question as it is not relevant to the HR Manager position.

Joining process refers to the steps taken by an organization to bring a new employee onboard.

• It involves completing paperwork such as employment contracts and tax forms.

• The employee may also need to provide identification and proof of eligibility to work.

• Orientation and training may be provided to help the employee get up to speed with their new role.

• The joining process may also include introductions to colleagues and a tour of the workplace.

• The process may vary depending on ...read more

Customer income can be evaluated through various methods.

• One can ask for pay stubs or tax returns to verify income.

• Credit reports can also provide information on income.

• Bank statements can show regular deposits and income sources.

• One can also use industry benchmarks to estimate income based on job title and location.

• It's important to consider other factors such as debt-to-income ratio and employment stability.

Passion for finance, interest in economic trends, and desire to help individuals and businesses achieve financial goals.

• Fascination with the intricacies of financial systems

• Desire to help individuals and businesses manage their finances effectively

• Interest in economic trends and how they impact financial markets

• Passion for working with numbers and analyzing data

• Opportunity to learn and grow in a dynamic industry

Companies have legal rights that protect their interests and operations.

• Companies have the right to own property and assets.

• They have the right to enter into contracts and agreements.

• They have the right to protect their intellectual property.

• They have the right to operate their business without interference from others.

• They have the right to sue and be sued in court.

• They have the right to hire and fire employees.

• They have the right to make decisions that benefit their shareho...read more

I have 5 years of experience in conducting audits for various companies.

• Conducted financial audits to ensure compliance with regulations

• Performed operational audits to identify inefficiencies and recommend improvements

• Collaborated with cross-functional teams to implement audit recommendations

• Utilized data analytics tools to enhance audit procedures

Internal audit ensures compliance, risk management, and operational efficiency within an organization.

• Ensures compliance with laws, regulations, and internal policies

• Identifies and mitigates risks that could impact the organization

• Improves operational efficiency and effectiveness

• Provides valuable insights and recommendations to management

• Helps in safeguarding assets and enhancing governance processes

I have 10 years of experience in banking, with a proven track record of achieving targets and building strong relationships with clients.

• 10 years of experience in banking

• Proven track record of achieving targets

• Strong relationship building with clients

Assets are resources owned by a company that have economic value and can be used to generate revenue.

• Assets can include physical items like equipment, buildings, and inventory.

• Assets can also include intangible items like patents, trademarks, and goodwill.

• Assets are typically listed on a company's balance sheet and can be categorized as current or non-current.

• Examples of assets include cash, accounts receivable, property, plant, and equipment.