Senior Financial Manager Interview Questions and Answers

Death benefit is a sum of money paid out to the beneficiary of a life insurance policy upon the death of the insured. 10(10)D and 18C are sections of the Income Tax Act related to taxation of life insurance policies.

• Death benefit is the amount paid out to the beneficiary of a life insurance policy when the insured person passes away.

• 10(10)D is a section of the Income Tax Act that deals with the tax treatment of death benefits received from life insurance policies.

• 18C is anoth...read more

To sell insurance to customers, it is important to understand their needs, build trust, explain the benefits of the policy, and provide excellent customer service.

• Understand the customer's needs and tailor the insurance policy to meet those needs.

• Build trust by being transparent about the policy details and answering any questions or concerns the customer may have.

• Explain the benefits of the insurance policy, such as financial protection in case of emergencies or peace of min...read more

Insurance is a financial product that provides protection against financial losses.

• Insurance is a contract between an individual or organization and an insurance company, where the insurer agrees to provide financial protection in case of specified events such as accidents, illnesses, or property damage.

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

• Insurance premiums are the payments made by the insured to the insurance co...read more

Build rapport, listen actively, address concerns, provide solutions, follow up.

• Establish rapport by being friendly and attentive.

• Listen actively to understand their needs and concerns.

• Address any issues or concerns they may have.

• Provide solutions or options to meet their financial needs.

• Follow up to ensure customer satisfaction and maintain a positive relationship.

Types of insurance include health, life, auto, home, and disability insurance.

• Health insurance covers medical expenses

• Life insurance provides financial protection to beneficiaries in case of death

• Auto insurance covers damages and liability related to vehicles

• Home insurance protects against damage or loss of property

• Disability insurance provides income replacement if unable to work due to disability