Akshara Finalytics Interview Questions and Answers

Loan secure products were introduced to mitigate the risk for lenders and insurance companies.

• Loan secure products provide a safety net for lenders and insurance companies by reducing the risk of default or loss.

• These products offer financial protection in case of borrower default, property damage, or other unforeseen events.

• Lenders and insurance companies can offer these products to borrowers as an added layer of security, increasing their confidence in lending or insuring.

• L...read more

Income on insurance plans depends on premiums paid by policyholders and investment returns.

• Insurance companies earn income through premiums paid by policyholders

• The premiums are invested in various financial instruments to generate returns

• The investment returns are added to the company's income

• Income can also be earned through fees and commissions

• The amount of income earned depends on the number of policies sold and the investment returns

• Insurance companies also earn income t...read more

By highlighting the unique features, benefits, and competitive advantages of our products, I can effectively persuade customers about their value.

• Focus on the specific benefits and features of the product that meet the customer's needs and solve their problems.

• Provide real-life examples or case studies to demonstrate the effectiveness of the product.

• Highlight any competitive advantages or unique selling points that set the product apart from competitors.

• Use testimonials or re...read more

I will proactively seek out potential leads through networking, referrals, and industry events.

• Utilize social media platforms to connect with potential leads

• Attend industry conferences and events to network with potential clients

• Ask for referrals from existing clients or business partners

Life insurance is a contract between an insurer and a policyholder, where the insurer guarantees payment of a death benefit to named beneficiaries upon the death of the insured.

• Life insurance provides financial protection to the policyholder's beneficiaries in case of their unexpected death.

• It can also be used as an investment tool, with some policies offering cash value accumulation over time.

• There are different types of life insurance policies, including term life, whole li...read more

I have a strong knowledge of insurance policies, including coverage options, claim processes, and customer service.

• Understanding of different types of insurance (e.g. life, health, auto, home)

• Knowledge of insurance coverage options and limitations

• Familiarity with claim processes and procedures

• Experience in providing excellent customer service in insurance industry

To convert HNI calls, focus on building a relationship, understanding their needs, and offering personalized solutions.

• Listen actively to their needs and concerns

• Offer personalized solutions based on their specific requirements

• Build a relationship by following up regularly and providing excellent customer service

• Provide value-added services and benefits to retain their loyalty

• Be knowledgeable about the products and services offered by the company

• Maintain a professional and co...read more

To sell insurance, one must understand the customer's needs, build trust, and offer tailored solutions.

• Understand the customer's needs and concerns

• Build trust and rapport with the customer

• Offer tailored solutions that meet the customer's specific needs

• Provide clear and concise information about the insurance product

• Address any objections or questions the customer may have

• Follow up with the customer to ensure satisfaction and retention