Corporate Agency Manager Interview Questions and Answers

Life insurance provides financial security to the family of the policyholder in case of their untimely death.

• Life insurance is a contract between the policyholder and the insurance company, where the policyholder pays a premium in exchange for a death benefit to be paid out to their beneficiaries upon their death.

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

• As a Corporate Agency Manager, it is important to be able to ...read more

Li and Gi are types of wires used in electrical circuits. Li stands for Low Impedance and Gi stands for Ground Impedance.

• Li wires have a lower impedance than Gi wires.

• Li wires are used for short distance connections while Gi wires are used for longer distances.

• Gi wires are typically used for grounding purposes.

• Li wires are more expensive than Gi wires.

• Examples of Li wires include coaxial cables and twisted pair cables, while examples of Gi wires include copper wires and alumi...read more

Insurance is a contract between an individual and an insurance company to provide financial protection against potential risks.

• Insurance is a contract between an individual and an insurance company

• It provides financial protection against potential risks

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

• Life insurance provides a death benefit to beneficiaries upon the insured's death

• Types of life insurance include term life insur...read more

The tax benefit of a life insurance policy is provided under section 80C and section 10(10D) of the Income Tax Act.

• Section 80C allows individuals to claim a deduction on the premium paid towards a life insurance policy, subject to a maximum limit.

• The maximum deduction limit under section 80C is currently Rs. 1.5 lakh per financial year.

• Section 10(10D) exempts the maturity proceeds or death benefit received from a life insurance policy from income tax.

• To qualify for the tax ex...read more

My current CTC is $60,000 per year.

• My current CTC is $60,000 per year.

• I am currently earning $5,000 per month.

• My annual salary is $60,000.