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

Yes, I do have a two wheeler.

• I own a motorcycle for daily commute.

• I have a valid driving license for two wheelers.

• I am comfortable riding in city traffic.

• Having a two wheeler helps me reach clients faster.

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.