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Axa XL Claims Associate Interview Questions and Answers
Axa XL Claims Associate Interview Experiences
1 interview found
(2 Questions)
- Q1. Golden Rules of Accounting
- Ans.
Golden Rules of Accounting are basic principles that guide the process of recording financial transactions.
There are three Golden Rules of Accounting: Debit what comes in, Credit what goes out; Debit the receiver, Credit the giver; Debit all expenses and losses, Credit all incomes and gains.
These rules help ensure that financial transactions are accurately recorded and classified.
For example, when a company receives ca...
- Q2. What is the Insurance
- Ans.
Insurance is a contract between an individual and an insurance company where the individual pays premiums in exchange for financial protection against specified risks.
Insurance provides financial protection against specified risks
Individuals pay premiums to the insurance company
Insurance is a contract between the individual and the insurance company
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I applied via Campus Placement and was interviewed before May 2020. There were 4 interview rounds.
Interview Questionnaire
1 Question
- Q1. General questions
Interview Preparation Tips
Analyst Interview Questions & Answers
ICICI Prudential Life Insurance
Anonymous
posted on 7 Feb 2017
I appeared for an interview in Dec 2016.
Interview Questionnaire
7 Questions
- Q1. Tell me about yourself
- Ans.
I am a dedicated and detail-oriented analyst with a strong background in data analysis and problem-solving.
I have a Bachelor's degree in Statistics and experience in analyzing large datasets
I am proficient in using statistical software such as R and Python
I have a proven track record of identifying trends and providing actionable insights to drive business decisions
- Q2. How does Insurance companies work ?
- Ans.
Insurance companies work by providing financial protection to individuals or organizations against potential risks or losses.
Insurance companies collect premiums from policyholders in exchange for coverage.
They assess risks and determine the appropriate premiums to charge based on factors such as age, health, and occupation.
Insurance companies invest the collected premiums to generate income and ensure they have suffic...
- Q3. Who is an actuary and what are his roles ?
- Ans.
An actuary is a professional who assesses and manages financial risks using mathematics, statistics, and business knowledge.
Analyzing data to calculate probabilities of events such as death, sickness, injury, and property loss
Designing insurance policies and pension plans based on risk assessments
Helping companies make informed decisions on managing risks and setting premiums
Advising on investment strategies to ensure ...
- Q4. What is India's GDP and its growth rate ?
- Ans.
India's GDP is $2.7 trillion with a growth rate of 4.2%.
India's GDP is one of the largest in the world.
As of 2020, India's GDP was $2.7 trillion.
The growth rate of India's GDP in 2020 was 4.2%.
India's GDP growth rate has been fluctuating over the years.
The COVID-19 pandemic had a significant impact on India's GDP growth.
- Q5. What are the Pros and Cons of Demonetization ?
- Ans.
Demonetization has pros and cons that impact various aspects of the economy and society.
Pros: Curbing black money, reducing corruption, promoting digital transactions
Cons: Initial economic disruption, inconvenience to the public, impact on informal sector
Example of a pro: Demonetization helped uncover undisclosed income and led to an increase in tax compliance.
Example of a con: Small businesses and daily wage workers f...
- Q6. If there are two data sets each with 100 variables and having 10000 and 12000 policies verify the validity of the second data set assuming the first one is accurate.
- Ans.
The validity of the second data set can be verified by comparing it with the first data set.
Compare the variables in both data sets to ensure they are the same.
Check if the number of policies in the second data set matches the number stated.
Perform statistical analysis on both data sets to identify any discrepancies or inconsistencies.
Validate the accuracy of the second data set by cross-referencing it with external so...
- Q7. Why do you want to work as an analyst ?
- Ans.
I am passionate about analyzing data and deriving insights to drive informed decision-making.
I enjoy problem-solving and critical thinking, which are essential skills for an analyst.
I have a strong attention to detail and excel at organizing and interpreting complex information.
I am interested in utilizing data to identify trends, patterns, and opportunities for improvement.
I believe that my analytical skills can contr...
Interview Preparation Tips
I applied via Walk-in and was interviewed before Jul 2021. There were 4 interview rounds.
40marks ques. Of 4 section..need to score 28
(1 Question)
- Q1. General screening round
(1 Question)
- Q1. Operational round regarding insurance
(1 Question)
- Q1. Salary nd shift regarding update
Interview Preparation Tips
I applied via Referral and was interviewed before Mar 2021. There were 2 interview rounds.
(1 Question)
- Q1. How are heard about HDFC Life?
Interview Preparation Tips
Selected
I appeared for an interview before Mar 2024.
(2 Questions)
- Q1. Asked about your projects you have worked on?
- Q2. Some questions relates with project.
(1 Question)
- Q1. Only salary discussion.
Interview Preparation Tips
Soumyadeep Chatterjee
There are a total of four rounds of interviews.
(2 Questions)
- Q1. Can you tell me about yourself? What motivated you to choose Allstate?
- Q2. Why did you leave your last company?
Selected
I appeared for an interview before Apr 2022.
Genral questions about english and mathematics
(3 Questions)
- Q1. Basic information about candidates and work experience
- Q2. Tell me something about yourself
- Q3. Why did you left your last job
(2 Questions)
- Q1. What is yours salary expectations
- Q2. Why should we hire you only
(1 Question)
- Q1. Why do want to join this organization only
Interview Preparation Tips
Selected
I applied via Campus Placement and was interviewed before Oct 2022. There were 4 interview rounds.
Normal questions like other Aptitudes
(3 Questions)
- Q1. Know about yourself
- Q2. Principles of insurance
- Ans.
Principles of insurance refer to the fundamental rules and guidelines that govern the insurance industry.
Principle of utmost good faith - Both parties must act honestly and disclose all relevant information.
Principle of insurable interest - The insured must have a financial interest in the insured item.
Principle of indemnity - The insured should be compensated to the extent of the actual loss suffered.
Principle of cont...
- Q3. Overview of Allstate
(2 Questions)
- Q1. Are you willing to work in night shift
- Q2. Whý you wanna join Allstate
Interview Preparation Tips
- Insurance
- Principles of insurance
Selected
(2 Questions)
- Q1. What is risk Mangement?
- Ans.
Risk management is the process of identifying, assessing, and prioritizing risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events.
Identifying potential risks that could impact an organization's objectives
Assessing the likelihood and impact of each risk
Prioritizing risks based on their potential impact
Developing strategies ...
- Q2. Principle of insurance
- Ans.
Principle of insurance refers to the basic rules and guidelines that govern the insurance industry.
Principle of utmost good faith: Both parties must act honestly and disclose all relevant information.
Principle of insurable interest: The insured must have a financial interest in the insured item.
Principle of indemnity: The insured should be compensated to the extent of the actual loss suffered.
Principle of contribution:...
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Overall Interview Experience Rating
based on 1 interview experience
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