Senior Relationship Manager Interview Questions and Answers for Freshers

Participating products offer policyholders a share in the profits of the insurance company, while non-participating products do not.

• Participating products are also known as with-profit policies.

• Policyholders receive bonuses in addition to the guaranteed benefits.

• Non-participating products are also known as non-profit policies.

• Policyholders receive only the guaranteed benefits.

• Examples of participating products include endowment policies and whole life policies.

• Examples of non...read more

Assess the portfolio and take corrective actions to minimize losses.

• Analyze the portfolio to identify the root cause of losses

• Review the investment strategy and risk tolerance of the client

• Recommend diversification of the portfolio to minimize risk

• Suggest rebalancing the portfolio to align with the client's investment goals

• Provide regular updates and communicate with the client to ensure transparency

• Consider the market conditions and economic factors that may impact the portf...read more

I will convince the customer by highlighting the unique features and benefits of the product.

• Understand the customer's needs and pain points

• Highlight the product's unique features and benefits

• Provide case studies or testimonials from satisfied customers

• Offer a trial or demo of the product

• Address any objections or concerns the customer may have

• Show how the product can solve their problems and improve their business

• Offer competitive pricing or incentives

• Build trust and credibil...read more

Financial planning is the process of setting financial goals, creating a plan to achieve them, and regularly reviewing and adjusting the plan.

• It involves assessing current financial situation

• Setting financial goals

• Creating a plan to achieve those goals

• Regularly reviewing and adjusting the plan

• Involves budgeting, saving, investing, and managing debt

• Examples include retirement planning, education planning, estate planning

I have a passion for sales and ICICI Securities is a reputable organization with a strong track record.

• I enjoy the challenge of meeting sales targets and building relationships with clients.

• ICICI Securities has a strong reputation in the industry and a proven track record of success.

• The company offers excellent training and development opportunities for its employees.

• ICICI Securities has a diverse range of products and services, which provides ample opportunities for growth a...read more

IRDA stands for Insurance Regulatory and Development Authority.

• IRDA is a regulatory body that oversees the insurance industry in India.

• It was established in 1999 under the IRDA Act.

• IRDA's main functions include issuing licenses to insurance companies, regulating premiums, and protecting policyholders' interests.

• IRDA also promotes the development of the insurance industry in India.

• IRDA has the power to impose penalties on insurance companies that violate its regulations.

The rate of interest is the percentage of principal charged by the lender for the use of its money.

• Interest rates can vary depending on the type of loan or investment.

• Higher interest rates typically mean higher returns but also higher risk.

• Interest rates are influenced by factors such as inflation, economic conditions, and central bank policies.