Consultant Trainer Interview Questions and Answers

Need analysis involves identifying gaps between current and desired states. HLV is calculated based on job requirements. Fact finding is gathering information.

• Need analysis involves identifying the gap between current and desired states, and determining the root cause of the gap.

• HLV (Hourly Learning Value) is calculated by dividing the total hours of training required by the job by the total number of hours worked in a year.

• Fact finding is the process of gathering information...read more

Solvency margin is the excess of assets over liabilities. HDFC Life's AUM is INR 1.5 trillion.

• Solvency margin is a measure of an insurance company's ability to meet its obligations to policyholders.

• It is calculated as the excess of assets over liabilities.

• HDFC Life's AUM (Assets Under Management) is INR 1.5 trillion as of March 2021.

• A higher solvency margin indicates a stronger financial position of the insurance company.

Utmost good faith is a principle in insurance contracts that requires both parties to act honestly and disclose all relevant information. Principle of contribution states that if a person is insured by multiple policies, each insurer will pay a proportionate amount of the claim.

• Utmost good faith requires both parties to act honestly and disclose all relevant information

• It applies to all types of insurance contracts

• If one party fails to act in good faith, the other party may h...read more

Bancassurance is a partnership between a bank and an insurance company to offer insurance products to bank customers.

• Bancassurance allows banks to offer insurance products to their customers, providing a one-stop-shop for financial services.

• The insurance products offered can include life insurance, health insurance, and general insurance such as home and auto insurance.

• Bancassurance can be beneficial for both the bank and the insurance company, as it allows for increased reve...read more

HDFC has ventures in banking, insurance, asset management, real estate, education loans, and healthcare.

• HDFC Bank - banking services

• HDFC Life - life insurance

• HDFC ERGO - general insurance

• HDFC Asset Management - asset management services

• HDFC Realty - real estate services

• HDFC Credila - education loans

• HDFC Ergo Health - healthcare services