Tata AIA Life Insurance Senior Associate Operations Interview Questions and Answers

Q1. Tell me abt urself
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Q2. General questions
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Q1. What life insurance
Ans. 
Life insurance provides financial protection to beneficiaries in the event of the policyholder's death.
• Life insurance pays out a lump sum to beneficiaries upon the death of the policyholder.

• There are different types of life insurance policies such as term life, whole life, and universal life.

• Premiums for life insurance are based on factors such as age, health, and coverage amount.

• Life insurance can help cover funeral e...read more
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Q2. What benefits bajaj life insurance
Ans. 
Bajaj Life Insurance offers financial protection, savings, and investment opportunities for policyholders.
• Provides financial protection to policyholders and their families in case of unexpected events

• Offers savings and investment opportunities to help policyholders achieve their financial goals

• Provides tax benefits to policyholders under Section 80C of the Income Tax Act

• Offers various types of insurance plans such as t
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Q1. Tell us about your experience
Ans. 
I have over 10 years of experience in operations management, leading teams to achieve operational excellence and efficiency.
• Led cross-functional teams to streamline processes and improve productivity

• Implemented cost-saving initiatives resulting in significant savings for the company

• Developed and implemented strategic plans to meet operational goals

• Managed budgets and resources effectively to ensure optimal performance

• S...read more
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Q2. What was your roles and responsibilities
Ans. 
Managed daily operations, oversaw staff, optimized processes, ensured efficiency and quality
• Managed daily operations to ensure smooth functioning

• Oversaw staff and provided guidance and support

• Optimized processes to improve efficiency and reduce costs

• Ensured quality standards were met and maintained

• Implemented strategies to increase productivity and profitability
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Q1. What about employer employee cases
Ans. 
Employer employee cases involve resolving conflicts and ensuring fair treatment in the workplace.
• Employer employee cases can include issues such as discrimination, harassment, wrongful termination, and wage disputes.

• It is important for the Assistant Manager Operations to handle these cases with sensitivity, fairness, and adherence to company policies and legal regulations.

• Examples of employer employee cases may include...read more
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Q2. What about key man insurance
Ans. 
Key man insurance is a policy taken out by a business to compensate for financial losses that may arise from the death or incapacitation of a key employee.
• Key man insurance is typically purchased by businesses to protect against financial losses that may occur if a key employee, such as a CEO or top salesperson, were to die or become unable to work.

• The policy is usually owned by the business, which pays the premiums an...read more
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20 MINS ONLINE APTITUDE TEST

Q1. Tell me about yourself Insurance general questions customer service Previous experience
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Q1. Mainly look for communication skills. Tell about yourself
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Q1. Why AJ Gallagher.
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Q1. 1. tell me about yourself . 2. Write an email to customer.
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Q2. 1 . What is a insurance 2 . How to work insurance
Ans. 
Insurance is a contract between an individual and an insurance company to protect against financial loss.
• Insurance provides financial protection against unexpected events such as accidents, illnesses, and natural disasters.

• The individual pays a premium to the insurance company in exchange for coverage.

• The insurance company assesses the risk of providing coverage and determines the premium based on that risk.

• There are d...read more
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Q3. 1. What is a IRDAI 2 what is a 80c section
Ans. 
IRDAI is the regulatory body for insurance in India. Section 80C of Income Tax Act provides tax benefits for certain investments.
• IRDAI stands for Insurance Regulatory and Development Authority of India

• It regulates and promotes the insurance industry in India

• It ensures fair treatment to policyholders and monitors insurance companies' financial stability

• Section 80C of Income Tax Act allows tax deductions up to Rs. 1.5 la...read more
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Q4. What is types of underwriting? What is sections 10(10d)?
Ans. 
Types of underwriting include life, health, property, and casualty. Section 10(10d) refers to tax exemption on life insurance policies.
• Life underwriting involves assessing the risk of insuring a person's life and determining the premium.

• Health underwriting involves assessing the risk of insuring a person's health and determining the premium.

• Property underwriting involves assessing the risk of insuring a property and de...read more
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Q5. What is free look period? What is grace period.?
Ans. 
Free look period is a time frame given to policyholders to review and cancel their insurance policy without penalty. Grace period is an additional time given to pay the premium after the due date.
• Free look period is usually 15-30 days after the policy is issued.

• During the free look period, the policyholder can cancel the policy and receive a full refund of the premium paid.

• Grace period is usually 15-30 days after the p...read more
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Q1. The interview questions based on the role. Basically they should know excel
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Q2. Email writing skills and communication skill
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