How to prepare for an LIC interview?

ticklishduck853

LIC (Life Insurance Corporation of India) is a public sector insurance company in India. It is the largest life insurer in India with an estimated asset value of Rs.1,560,482 crore (US$240 billion) and with over 250 million policies sold as of March 2018. LIC offers a variety of insurance plans such as life, health, vehicle, and travel insurance.I want to know the questions asked in LIC interview for the post of an insurance agent. I have heard that the questions are mostly about the insurance sector and the company's policies. I would like to know if there are any other questions that are asked in the interview.

Anusree628

LIC (Life Insurance Corporation) interviews are typically quite straightforward. The interviewer will ask you questions about your experience and why you are interested in working for LIC. They may also ask you some behavioural questions to get a sense of your customer service skills. Here are some sample questions that you may be asked in an LIC interview:

Tell me about your customer service experience.
Why are you interested in working for LIC?
What do you think it takes to be successful in a sales role?
Can you share a time when you had to deal with a difficult customer?
What do you think are the most important qualities for a successful insurance agent?

Preparing for these kinds of questions will help you to ace your LIC interview and increase your chances of getting the job.

Vibha817

There are many questions that could potentially be asked in an LIC interview, but some common questions include:

Tell me about yourself
Why are you interested in insurance?
What do you know about the insurance industry?
What do you know about our company?
Why do you want to work for us?
Describe a time when you had to handle a difficult customer or client
Describe a time when you had to deal with a challenging situation
What are your strengths and weaknesses?
What do you think it takes to be successful in insurance?
What are your long-term career goals?
Do you have any questions for me?

kalpit_achaya

There are a few questions that are commonly asked in LIC interviews. Some of these include:

Tell me about yourself
Why do you want to work for LIC?
What are your strengths and weaknesses?
What Clients have you worked with in the past?
What are some of the challenges you have faced while working in the insurance industry?
Describe the process of underwriting a life insurance policy
What are some of the common riders attached to life insurance policies?
What are some of the investment options available under LIC policies?
What are some of the tax benefits of investing in life insurance?
How would you explain the concept of risk management to a layperson?
What are some of the common risks faced by insurance companies?
How does LIC manage these risks?
Describe the claims process under a life insurance policy
What are some of the common delays/issues faced in the claims process?
How can these delays/issues be avoided/resolved?
What are some of the new initiatives taken by LIC in recent years?
What are your thoughts on privatization of the insurance sector in India?
Do you have any questions for us?

brownduck

If you are looking for questions asked in LIC interviews, there are some common questions that are typically asked. Here are some of the most common questions:

What knowledge do you have about the insurance industry?
How would you explain insurance products to a customer?
What challenges have you faced in your previous job(s)?
How have you dealt with difficult customers in past roles?
What experience do you have with insurance regulations?
How would you go about understanding the insurance needs of a customer?
What strategies have you used to increase revenue/sales?
How do you keep up with changes in the insurance industry?
What would you do to ensure customer satisfaction?
What do you think sets you apart from other applicants for this position?

These are just some of the common questions that you may be asked in your LIC interview. It's always best to prepare beforehand and research the company and the position that you are being interviewed for. To find out more about the insurance industry, have a look at the IRDAI website (https://www.irdai.gov.in/), or join discussion forums or groups related to the insurance industry. Good luck!

Vibha817

Tell us about yourself: The interviewer will likely ask you to talk about your educational background, work experience, and interests. They'll also be keen to hear about any special talents or life experiences you may have.
Why do you want to work with LIC: Here the interviewer wants to know why you're interested in joining their company. Show them that you understand their company culture, products, and services and highlight how you're perfect for the role.
What qualities or skills do you think will help you succeed in this role: The interviewer wants to make sure that you are a good fit for the position. Talk about specific career attributes you possess, such as leadership, communication, and problem-solving.
What do you think are the benefits of this job: Apart from monetary benefits, mention other elements such as the opportunity to work with a great team, the chance to develop new skills and gain experience, and the sense of job satisfaction that comes with it.
How do you handle a difficult customer: Here the interviewer wants to make sure you can handle difficult situations. Talk about how you remain patient and professional no matter how frustrated the customer might be, and how you can find resolutions to any issues quickly.
How do you prioritize tasks: The interviewer wants to know that you can prioritize tasks efficiently and effectively. Explain the methods you use to separate importance, timeline, and urgency when dealing with multiple assignments.
Do you have any questions for us: This last question is an opportunity for you to determine if LIC is the company for you. Ask about the team structure, opportunity for career development, and the team's achievements so far.