1. Tell me have you prepared invoices in the past?
No sir, this will be my first time handling invoices if ever I get the job.
2. Tell us what office experience do you have?
No.i have no experience,this is my first job.
3. Tell me how do you stay current on what is happening in business and finance?
I utilize the internet a lot to stay up-to-date on everything. The internet has the most current information and news. I usually check the major news websites, like CNN and Fox News, first thing in the morning, and as I have time, I visit magazine sites, like Forbes, Kiplinger and Smart Money. I also take advantage of seminars, conferences and training programs that come my way.
4. Why are you leaving your current role as Insurance Consultant?
“I will always ask someone why they're leaving their current firm and why they left their role before that.
To establish whether you're the sort of flaky person who jumps from role to role and former employers are glad to see the back of.
5. Tell me what are your aspirations?
You will always be asked where you see yourself in five or ten years' time. “They want to know where they want to be and how they will get there. They also want to know whether your aspirations are out of line with what they can offer.
I create and sustain positive relationships with customers by maintaining open lines of communication. If clients have questions or problems, I make a point of following up and providing well-researched answers. I view it as my duty to demonstrate integrity in all of my sales. I seek to answer questions honestly and solve problems rather than offer misleading misinformation. I uphold client trust by maintaining confidentiality. I do not reveal sensitive or personal information to other clients, coworkers, friends or family, and I consider silence to be the better part of discretion.
7. Do you know what Are The Benefits Which Are Included In Personal Accident Policy?
The types of coverage normally provided under a PA policy include:
☛ Accidental death.
☛ Permanent disablement.
☛ Temporary total or partial disablement.
☛ Medical expenses.
☛ Corrective surgery.
☛ Hospitalisation benefits.
☛ Funeral expenses.
8. Tell me what Are The Products Under Family Takaful?
☛ The products under family takaful are:
☛ Family takaful
☛ Investment linked takaful
☛ Child education takaful
☛ Medical & health takaful
9. Explain me what Is Insurance Or Takaful Contract?
Your insurance or takaful contract is a contract of utmost good faith (trust). Thus, you as the policy owner need to disclose all material information required. If any of the relevant material facts are not disclosed, the policy may be invalid and you will not be protected against any loss or damage.
10. Explain me what Is A House Holder's Insurance Policy?
This is a policy which covers your household contents and includes coverage for fatal injury to you as the insured. This policy does not cover damage to the house itself.
When I have an intake on the phone and also having providers ask me questions.
Firstly I greet him/ her nd then asked about some income related qus. Nd if I find the person is enough capable to buy a policy then I asked him/ her to buy a policy if he / she agree den okk otherwise we create the need.
I would stay late on Friday and come in Saturday to finish it. I don't like to push things until their deadline, so getting it finished as soon as possible is the best way to ensure I am not right up against the deadline. Plus, I will then have time on Monday to review everything before I send it to the client.
I was meeting with a client who was trying to find private health insurance coverage for herself. Cost was a big concern for her, but her expectations regarding cost and coverage were unrealistic. She expected to pay less than $100 a month for coverage, along with low co-pays and a small deductible of around $500. I showed her the plans we had and explained how the monthly cost is usually higher if your co-pays and deductibles are lower, but she wasn't open to a high monthly cost. I decided the best course of action at this point was to step away from discussing costs and focus more on her specific needs. She was relatively young with no major health concerns, so I explained how she would likely only be using preventative health care services, which came free or with very low co-pays. I was able to find her an affordable plan that she was happy with just by approaching it in a different way.
Hearing “no” for an answer is inevitable in insurance, and I view such scenarios as opportunities to learn about people's interests and apprehensions. Above all, I strive to maintain a positive relationship with potential clients. Even if an individual initially is disinterested in buying an insurance policy, I have learned that if I strike up a conversation, I can encourage the person to discuss his or her concerns. Then, I can adjust my offer to make it more appealing. My sales approach means that even if some people choose not to sign up for a particular policy during the first conversation, they will remember their experiences with me in a favorable light and may come to my company in the future.
16. Tell us what Is The Difference Between Insurance And Takaful?
Both insurance and takaful have similar basic principles. For instance, the insured, such as yourself, must have a legitimate financial interest in the risk you are insuring, meaning you must suffer a financial loss when the insured event occurs.
You can also buy more than one policy or plan to protect a particular risk but in the event of loss or damage, you can only make one claim. The amount payable will then be contributed by the insurance companies involved. As such, you cannot profit from your general insurance policy or takaful plan. If you suffer a loss, you will be compensated accordingly and no more than that. You will be paid or indemnified to the position you were in before the loss. However, if you wish to cover your life, you can buy more than one policy.
Currently, I hold a state license as an insurance provider, and I also have gained my Associate in General Insurance designation. I am always interested in improving my insurance practice, so I participate in training programs and continuing education whenever I can.
18. Tell me what's unique about you? How are you different to all the other people we are seeing?
Fundamentally, this is the age-old question about your strengths. “Most people won't ask what your strengths are blatantly. “They'll often as what you can bring to the role, or what differentiates you.
I think the foundation of any good relationship is communication. When it comes to clients, this not only means staying in constant contact but also being honest. I take all communications seriously and keep them professional and detailed. I find with clients that it is essential to explain everything in detail even if I think they may already understand. If they are confused, having extra details is very helpful.
20. Please explain why do you want to work in the insurance industry?
Because insurance sector is one of the fastest growing sector in india. And the career growth in insurance companies is also excellent.
21. Tell us what is the most important lesson you have learned as an insurance consultant?
The most important lesson I have learned is to never make assumptions. I was working with a small business owner to design employee insurance coverage. In my past dealings with small businesses, I had found they usually try to minimize their costs as much as possible while giving the employees adequate coverage. I assumed this would be the case again, but it turned out he wanted to provide excellent coverage for his employees regardless of the cost to him. I quickly switched my way of thinking and found him an excellent plan that was affordable, too. He ended up being very pleased and turned into a loyal client.
22. Explain me how can you contribute to the sales team?
When I first started working in insurance, cold calling was one of the most difficult aspects of the job because engaging people over the phone can be challenging. However, I worked closely with more experienced teammates to learn an effective sales pattern. Specifically, I learned not to lead with a sales pitch but to describe the benefits of insurance as a safety net when disaster strikes.
I also learned to strike up a conversation with potential clients, build rapport and listen to their concerns. That way I could tailor my approach and the package I offered to meet their needs. I have found these tactics to be very effective for making sales and building a loyal customer base, and I look forward to bringing these skills to your team.
23. Tell me what Are The Basic Principals Of Takaful?
Basic principals of takaful are as follows:
☛ You must have a legitimate financial interest in the subject matter to participate in a takaful plan.
☛ A takaful contract is based on the principle of utmost good faith (trust), whereby you need to disclose all material information required.
☛ You can only recover your financial loss and not gain any profit as a result of a quantifiable loss.
☛ In determining the compensation, the takaful operator will identify the actual most important cause that brought about the loss.
☛ After you have been compensated for your loss, the takaful operator has the right to claim from any third party responsible for your loss.
☛ If a loss is covered by more than one takaful plans or insurance policies, the takaful operator that has made payment to you may call upon other takaful operators or insurance companies to contribute proportionately to the payment.
24. Explain me what Is Personal Accident Insurance In General Insurance?
Personal Accident insurance or PA insurance is an annual policy which provides compensation in the event of injuries, disability or death caused solely by violent, accidental, external and visible events. It is different from life insurance and medical & health insurance.
25. Please explain me about your education?
My schooling n inter is at my hometown, khammammy btech is at Hyderabad. I am the school n college topper n won many prizes.
