Insurance Sales Officer Interview Questions and Answers

To make relations with bankers, one needs to understand their needs and offer customized insurance solutions.

• Research the bank and its services before approaching them

• Understand the banker's needs and offer customized insurance solutions

• Build a rapport by being friendly and professional

• Follow up regularly and provide excellent customer service

• Attend networking events and conferences to meet bankers and build relationships

Sales is the process of persuading and convincing potential customers to purchase a product or service.

• Sales involves building relationships with customers and understanding their needs.

• Sales requires effective communication and negotiation skills.

• Salespeople must be knowledgeable about the product or service they are selling.

• Sales often involves overcoming objections and addressing customer concerns.

• Sales can be both proactive, where the salesperson reaches out to potential ...read more

A claim is a request made by a policyholder to an insurance company for compensation or coverage for a loss or damage.

• A claim is a formal request made by the insured party to the insurance company.

• It is made when the policyholder experiences a loss or damage that is covered by their insurance policy.

• The insurance company then evaluates the claim and determines the amount of compensation or coverage that will be provided.

• Claims can be related to various types of insurance such...read more

SEBI stands for Securities and Exchange Board of India.

• SEBI is the regulatory body for the securities market in India.

• It was established in 1988 and is headquartered in Mumbai.

• SEBI's main objective is to protect the interests of investors and promote the development of the securities market.

• It regulates and supervises various entities including stock exchanges, brokers, and mutual funds.

• SEBI formulates rules and regulations for the securities market and ensures their complian...read more