The New India Assurance Co. Underwriter Interview Questions and Answers

Q1. Asked about your projects you have worked on?
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Q2. Some questions relates with project.
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Q1. Only salary discussion.
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Q1. Brake system working
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The brake system is responsible for slowing down or stopping a vehicle by applying friction to the wheels.
• The brake system consists of components such as brake pads, rotors, calipers, and brake fluid.

• When the brake pedal is pressed, brake fluid is sent through the brake lines to the calipers, which then squeeze the brake pads against the rotors to create friction and slow down the vehicle.

• Regular maintenance of the bra...read more
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Q2. Pr system working
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Q1. What do you know about insurance
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Insurance is a financial product that provides protection against specific risks in exchange for payment of a premium.
• Insurance is a contract between an individual or entity and an insurance company.

• The individual or entity pays a premium to the insurance company in exchange for coverage against specific risks.

• Types of insurance include health insurance, life insurance, auto insurance, and property insurance.

• Insurance ...read more
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Q1. What do you like about HDFCergo
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Q1. Sql plsql and oracle
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Q1. Sql plsql and oracle
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Q2. Spa plsql and oracle
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Q1. About yourself, skills you have, MS EXCEL
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Q2. Your background, other skills.
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Statistics Questions

Q1. Assumptions of Machine Learning
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Assumptions of Machine Learning include data availability, feature relevance, and model interpretability.
• Data availability is crucial for training machine learning models.

• Assumptions about the relevance of features in the data must be made.

• Model interpretability is important for understanding the decisions made by the machine learning model.
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Q1. Self intro, Excel based questions etc
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Topic of GD were general, overall communication skills and content was being judged. Make sure to not go political unnecessarily this can work against you.

Q1. Tell me about yourself
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Q2. Where you used your strategic thinking skills
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Q3. What is the role of Underwriter
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Q4. What are the types of risk
Ans. 
Types of risk include market risk, credit risk, operational risk, liquidity risk, and legal risk.
• Market risk: the risk of financial loss due to changes in market conditions

• Credit risk: the risk of loss due to a borrower's failure to repay a loan or meet contractual obligations

• Operational risk: the risk of loss due to inadequate or failed internal processes, people, and systems

• Liquidity risk: the risk of loss due to the...read more
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Q5. What is general insurance and are life insurance part of general insurance
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General insurance covers non-life assets and liabilities. Life insurance is not a part of general insurance.
• General insurance provides coverage for assets and liabilities that are not related to life, such as property, vehicles, and liability insurance.

• Life insurance, on the other hand, provides coverage for the life of the insured and pays out a death benefit to the beneficiaries upon the insured's death.

• Examples of g...read more
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