Tata AIA Life Insurance Key Account Manager Interview Questions, Process, and Tips

Assessment about life insurance policy

Q1. What is the life insurance?
Ans. 
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...read more
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Q2. Say about insurance, how will get income on this plans
Ans. 
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 th...read more
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Q3. Self introduction and about life insurance policy and
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Q4. Previous company , why are job regioned
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Q1. What is your knowledge about insurance?
Ans. 
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
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Q2. How do you persuade customers about the value of your products?
Ans. 
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...read more
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Q1. Which company were you working for earlier
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Q2. Icici prudent life insurance company limited
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Q1. How will you work in open architecture
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Q1. About your previous Experience
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