InterviewSolution
This section includes InterviewSolutions, each offering curated multiple-choice questions to sharpen your knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
What Are Role Of Development Officer? |
Answer»
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| 2. |
What Are The Objectives Of Lic ? |
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Answer» There are some objective of LIC:
There are some objective of LIC: |
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| 3. |
What Are Difference Between Marketing And Sales? |
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Answer» These TWO are important ASPECTS in business. Sales are just a stage of marketing which refers to fulfilling the demands of marketing. Marketing is in wider terms then sales. Marketing is IDENTIFYING the customers, PUBLIC relations, sales etc. Marketing is the process of creating demands for a product in market. We can say marketing is direct ACTIVITY whereas sales are direct activity. These two are important aspects in business. Sales are just a stage of marketing which refers to fulfilling the demands of marketing. Marketing is in wider terms then sales. Marketing is identifying the customers, public relations, sales etc. Marketing is the process of creating demands for a product in market. We can say marketing is direct activity whereas sales are direct activity. |
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| 4. |
Foreign Direct Investment (fdi) Limit In Insurance Sector? |
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Answer» FIRST there is 26% LIMIT but now it has INCREASE to 49%. First there is 26% limit but now it has increase to 49%. |
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| 5. |
When The Lic Of India Was Came Into Existence? |
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Answer» 1956 1956 |
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| 6. |
What Are Duties And Functions Of Irda? |
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Answer» Some of the duties of IRDA includes:
Some of the duties of IRDA includes: |
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| 7. |
Do You Know Where The Corporate Office Or Head Quarter Of Lic Located? |
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Answer» It is in MUMBAI. It is in Mumbai. |
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| 8. |
How Many Types Of Insurance Companies Are There? |
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Answer» It can be CATEGORIZED into two:
It can be categorized into two: |
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| 9. |
Do You Know The Role Of Lic Ado/aao? |
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Answer» You can tell about the role of LIC ADO/ AAO only if you have researched about it before going for interview. So, you have to do RESEARCH about the LIC past, and ALSO for the job PROFILE you applied. You can tell about the role of LIC ADO/ AAO only if you have researched about it before going for interview. So, you have to do research about the LIC past, and also for the job profile you applied. |
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| 10. |
What Are Types Of Insurance? |
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Answer» There are few types of INSURANCE:
There are few types of insurance: |
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| 11. |
What So You Means By Word Insurance? |
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Answer» Insurance meansassurance of PAYMENT for any probable FUTURE losses. It AIDS financial PROTECTION against by returning losses during disaster. Many different insurance companies are offering wide range of insurance options these days. Insurance meansassurance of payment for any probable future losses. It aids financial protection against by returning losses during disaster. Many different insurance companies are offering wide range of insurance options these days. |
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| 12. |
What Do You Know About Life Insurance? |
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Answer» Life insurance is an agreement between the POLICY holder and the INSURER. The insurer approves to compensate the incidence of the insured individual's DEATH or additional event like TERMINAL ILLNESS or critical illness. The insured agrees to fee the charge in terms of cover premium for the service. Life insurance is an agreement between the policy holder and the insurer. The insurer approves to compensate the incidence of the insured individual's death or additional event like terminal illness or critical illness. The insured agrees to fee the charge in terms of cover premium for the service. |
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| 13. |
What Is The Fdi Limit For Insurance Sector? |
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Answer» 49% 49% |
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| 14. |
What Is Keyman Insurance? |
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Answer» Keyman insurance is taken by a business firm on the LIFE of KEY employee(s) to protect the firm against financial losses, which MAY occur due to the premature DEMISE of the Keyman. Keyman insurance is taken by a business firm on the life of key employee(s) to protect the firm against financial losses, which may occur due to the premature demise of the Keyman. |
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| 15. |
How Would You Bring Improvement Upon Our Company Or Product? |
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Answer» You have the required qualification and work experience to WITHSTAND the RESPONSIBILITY of this particular job profile and that with the experience, you can bring PROSPERITY, and GROWTH in business to the company is what the ANSWER should be. You have the required qualification and work experience to withstand the responsibility of this particular job profile and that with the experience, you can bring prosperity, and growth in business to the company is what the answer should be. |
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| 16. |
What Is The Difference Between With Profit And Without Profit Plans? |
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Answer» An INSURANCE policy can be 'with' or 'without' profit. In the former, bonuses DISCLOSED, if any, after periodical valuations are allotted to the policy and are payable along with the CONTRACTED amount. In 'without' profit plan the contracted amount is paid without any addition. The premium rate charged for a 'with' profit policy is therefore higher than for a 'without' profit policy. An insurance policy can be 'with' or 'without' profit. In the former, bonuses disclosed, if any, after periodical valuations are allotted to the policy and are payable along with the contracted amount. In 'without' profit plan the contracted amount is paid without any addition. The premium rate charged for a 'with' profit policy is therefore higher than for a 'without' profit policy. |
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