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Star Union Dai-ichi Life Insurance Interview Questions and Answers
40 Interview questions
The company should grow its online distribution channel to reach a broader audience and enhance customer engagement.
Expand e-commerce capabilities to tap into the growing online shopping trend.
Leverage social media platforms for direct sales and brand promotion, e.g., Instagram Shopping.
Develop partnerships with online marketplaces like Amazon or eBay to increase visibility.
Implement a subscription model for recur...
The biggest cost head for BFSI companies is typically personnel expenses, including salaries, benefits, and training.
Personnel expenses often account for 50-60% of total costs in BFSI firms.
Examples include salaries for bankers, analysts, and support staff.
Training and development costs are significant, especially in compliance and risk management.
Technology investments are also substantial but are often categoriz...
A transformer transfers electrical energy between circuits through electromagnetic induction, adjusting voltage levels as needed.
Transformers operate on the principle of electromagnetic induction.
They consist of primary and secondary coils wound around a magnetic core.
When alternating current flows through the primary coil, it creates a magnetic field.
This magnetic field induces a voltage in the secondary coil, al...
FATCA declaration refers to compliance requirements for foreign financial institutions regarding U.S. taxpayers' accounts.
FATCA stands for the Foreign Account Tax Compliance Act, enacted in 2010.
It requires foreign financial institutions to report information about U.S. account holders to the IRS.
U.S. taxpayers must declare foreign accounts exceeding $10,000 to avoid penalties.
Example: A U.S. citizen with a bank a...
IRDA regulates and promotes the insurance industry in India, ensuring consumer protection and financial stability.
Establishes guidelines for insurance companies to ensure fair practices.
Monitors the solvency and financial health of insurers to protect policyholders.
Licenses and regulates insurance agents and brokers to maintain standards.
Promotes insurance awareness among the public through various initiatives.
Ens...
The question pertains to travel availability and two-wheeler usage for a Senior Relationship Manager role.
Travel Availability: As a Senior Relationship Manager, I am open to traveling to various locations to meet clients and build relationships.
Two-Wheeler Usage: I possess a two-wheeler, which allows for flexible and efficient travel within urban areas, ensuring timely client visits.
Location Flexibility: I am will...
Building strong relationships with customers and banking personnel is essential for effective communication and service delivery.
Active Listening: Pay attention to customer needs and concerns. For example, during a meeting, summarize their points to show understanding.
Personalization: Tailor your approach based on the customer's profile. If a customer prefers digital communication, use emails or apps.
Regular Follo...
Lead management involves identifying, nurturing, and converting potential clients into loyal customers through effective strategies.
Identify leads through various channels like social media, referrals, and networking events.
Qualify leads by assessing their needs and readiness to buy, using criteria such as budget and timeline.
Nurture leads with personalized communication, providing valuable content and addressing ...
The latest changes in the life insurance sector include the introduction of new digital tools, increased focus on personalized policies, and the rise of Insurtech companies.
Introduction of new digital tools for policy management and claims processing
Increased focus on personalized policies tailored to individual needs and preferences
Rise of Insurtech companies offering innovative solutions and disrupting tradition...
ULIP stands for Unit Linked Insurance Plan and PAR stands for Participating Policy. ULIP offers both insurance and investment benefits, while PAR products provide bonuses based on the insurer's performance.
ULIP combines insurance and investment features in a single plan
ULIP offers flexibility to choose investment options like equity, debt, or balanced funds
PAR products participate in the insurer's profits and prov...
Star Union Dai-ichi Life Insurance Interview Experiences
111 interviews found
Anonymous
Selected
I appeared for an interview in Jun 2025, where I was asked the following questions.
- Q1. Had you work effectively your old company
- Ans.
I effectively contributed to my previous company by driving sales growth and fostering strong client relationships.
Achieved a 20% increase in sales within my territory by implementing targeted marketing strategies.
Developed strong relationships with key clients, resulting in a 30% increase in repeat business.
Led a team of sales representatives, providing training and support that improved overall team performance by 15...
- Q2. Your's self introduction
- Ans.
Dynamic Territory Manager with a proven track record in sales, relationship building, and strategic planning to drive business growth.
Over 5 years of experience in territory management, successfully increasing sales by 30% in my last role.
Skilled in building strong relationships with clients, resulting in a 95% customer retention rate.
Expert in analyzing market trends to identify new opportunities, leading to the launc...
- Q3. What about your experience and skills
- Ans.
I have extensive experience in sales management, strategic planning, and team leadership, driving growth in competitive markets.
Over 5 years of experience in territory management, consistently exceeding sales targets by 20%.
Led a team of 10 sales representatives, implementing training programs that improved performance by 30%.
Developed strategic partnerships with key clients, resulting in a 15% increase in market share...
- Q4. How many work years off old company
- Ans.
I have accumulated five years of experience at my previous company, focusing on sales and territory management.
Worked for Company X for 5 years, managing a territory that increased sales by 30%.
Developed strong relationships with clients, leading to a 15% increase in customer retention.
Implemented strategic marketing initiatives that expanded market reach and improved brand visibility.
- Q5. Are you satisfied your previous role
- Ans.
I found my previous role fulfilling, as it allowed me to grow professionally and contribute meaningfully to the team's success.
I successfully led a project that increased sales by 20% in my territory, showcasing my ability to drive results.
I developed strong relationships with clients, which improved customer satisfaction and retention rates.
I received positive feedback from my manager for my proactive approach to prob...
- Q6. How many day your notice period
- Ans.
My notice period is typically two weeks, allowing for a smooth transition and handover of responsibilities.
Standard notice period in my current role is two weeks.
This timeframe allows me to complete ongoing projects and assist in the transition.
I believe in leaving my responsibilities in good order for my successor.
If needed, I can negotiate a shorter notice period depending on the urgency of the role.
Interview Preparation Tips
Selected
I appeared for an interview in May 2025, where I was asked the following questions.
- Q1. Tell me about your self
- Q2. Summer training
- Q3. Tell me working prosser of transformer
- Ans.
A transformer transfers electrical energy between circuits through electromagnetic induction, adjusting voltage levels as needed.
Transformers operate on the principle of electromagnetic induction.
They consist of primary and secondary coils wound around a magnetic core.
When alternating current flows through the primary coil, it creates a magnetic field.
This magnetic field induces a voltage in the secondary coil, allowin...
- Q4. Please discuss on the your final project
Interview Preparation Tips
Selected
I applied via Walk-in and was interviewed in Dec 2024. There was 1 interview round.
(2 Questions)
- Q1. Work process agency
- Q2. Recruitment process
- Ans.
The recruitment process involves attracting, selecting, and onboarding candidates to fill job vacancies effectively.
Define job requirements clearly to attract suitable candidates.
Utilize various channels for sourcing candidates, such as job boards and social media.
Screen resumes to shortlist candidates based on qualifications and experience.
Conduct interviews to assess candidates' skills and cultural fit.
Perform backgr...
Selected
I appeared for an interview in Sep 2024.
(1 Question)
- Q1. How will you manage or assist them in achieving a higher number of agents in their team?
- Ans.
I will implement targeted recruitment strategies and foster a supportive team culture to increase agent numbers effectively.
Develop a clear recruitment strategy that outlines the ideal candidate profile and sourcing channels.
Leverage social media platforms like LinkedIn to reach potential candidates and showcase team culture.
Host recruitment events or open houses to attract interested candidates and provide insights in...
(2 Questions)
- Q1. How would you manage the recruitment process?
- Ans.
I would implement a structured recruitment process focusing on clear criteria, diverse sourcing, and thorough evaluation.
Define clear job descriptions and requirements to attract suitable candidates.
Utilize multiple sourcing channels, such as job boards, social media, and employee referrals.
Implement a structured interview process with standardized questions to ensure fairness.
Incorporate assessments or tests relevant ...
- Q2. What will the team structure be?
- Ans.
The team structure will be collaborative, with clear roles and responsibilities to enhance efficiency and communication.
The team will consist of a Branch Manager, Assistant Branch Manager, and various department heads.
Each department will have specialized roles, such as customer service representatives and loan officers.
Regular team meetings will be held to ensure alignment on goals and address any challenges.
Cross-tra...
I appeared for an interview in May 2025, where I was asked the following questions.
- Q1. Tell me about yourself.
- Q2. Why should we hire you?
- Ans.
I bring a unique blend of expertise, dedication, and a customer-centric approach that aligns perfectly with your company's values.
Proven track record in sales: Increased client portfolio by 30% in my previous role through targeted outreach and relationship building.
Strong communication skills: Successfully explained complex insurance products to clients, leading to a 95% satisfaction rate in feedback surveys.
Customer-f...
- Q3. What is FATCA decleration
- Ans.
FATCA declaration refers to compliance requirements for foreign financial institutions regarding U.S. taxpayers' accounts.
FATCA stands for the Foreign Account Tax Compliance Act, enacted in 2010.
It requires foreign financial institutions to report information about U.S. account holders to the IRS.
U.S. taxpayers must declare foreign accounts exceeding $10,000 to avoid penalties.
Example: A U.S. citizen with a bank accoun...
Case on Bancassurance
(2 Questions)
- Q1. About the case submitted
- Q2. Questions based on the CV pointers
Selected
I appeared for an interview in Apr 2025, where I was asked the following questions.
- Q1. About employee family background
- Q2. About employee ctc expected
Interview Preparation Tips
Selected
(1 Question)
- Q1. HR Round: A final round to discuss salary, benefits, and job expectations
Interview Preparation Tips
# Preparation is Key
1. Update your resume: Tailor it to the job you're applying for, highlighting reevant skills and experiences.
2. Practice your interview skills: Prepare answers to common interview questions and practice with a friend or family member.
3. Research the company: Learn about the company's mission, values, and culture to show your interest and enthusiasm.
Selected
I appeared for an interview in Apr 2025, where I was asked the following questions.
- Q1. How was your experience
- Ans.
My experience as a Team Lead Operations has been transformative, focusing on efficiency, team dynamics, and strategic growth.
Led a team of 15 in streamlining operations, resulting in a 20% increase in productivity over six months.
Implemented a new project management tool that improved communication and reduced project turnaround time by 30%.
Conducted regular training sessions to enhance team skills, which led to a 15% ...
- Q2. Why you leave previous Job
- Ans.
I left my previous job to seek new challenges and opportunities for growth in a leadership role that aligns with my career goals.
I wanted to expand my skill set in operations management, which was limited in my previous role.
I was looking for a position that offered more leadership responsibilities, as I enjoy mentoring and guiding teams.
The company culture was not a good fit for my values, and I wanted to work in an e...
Selected
I appeared for an interview in Jul 2024.
(5 Questions)
- Q1. Tell ous about your self and past job details?
- Ans.
I am a dedicated Relationship Manager with 5 years of experience in building and maintaining client relationships.
Managed a portfolio of high net-worth clients
Developed customized financial solutions to meet client needs
Collaborated with internal teams to ensure client satisfaction
- Q2. Where do you come to know about our vacancy
- Ans.
I found out about the vacancy through a job search website and also through a referral from a current employee.
Job search website
Referral from current employee
- Q3. Please explain any product in detail with example as if I am your client?
- Ans.
I would like to explain our investment portfolio management service.
Our investment portfolio management service involves creating a diversified portfolio tailored to your financial goals and risk tolerance.
We regularly monitor and adjust the portfolio to ensure it remains aligned with your objectives.
For example, we may recommend a mix of stocks, bonds, and mutual funds based on your investment horizon and risk profile...
- Q4. What are the latest changes in life insurance sector?
- Ans.
The latest changes in the life insurance sector include the introduction of new digital tools, increased focus on personalized policies, and the rise of Insurtech companies.
Introduction of new digital tools for policy management and claims processing
Increased focus on personalized policies tailored to individual needs and preferences
Rise of Insurtech companies offering innovative solutions and disrupting traditional in...
- Q5. Tell us about the ulip and par products?
- Ans.
ULIP stands for Unit Linked Insurance Plan and PAR stands for Participating Policy. ULIP offers both insurance and investment benefits, while PAR products provide bonuses based on the insurer's performance.
ULIP combines insurance and investment features in a single plan
ULIP offers flexibility to choose investment options like equity, debt, or balanced funds
PAR products participate in the insurer's profits and provide b...
Interview Preparation Tips
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Star Union Dai-ichi Life Insurance Interview FAQs
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Star Union Dai-ichi Life Insurance Interviews By Designations
- Star Union Dai-ichi Life Insurance Relationship Manager Interview Questions
- Star Union Dai-ichi Life Insurance Relationship Officer Interview Questions
- Star Union Dai-ichi Life Insurance Assistant Relationship Manager Interview Questions
- Star Union Dai-ichi Life Insurance Assistant Manager Interview Questions
- Star Union Dai-ichi Life Insurance Assistant Branch Manager Interview Questions
- Star Union Dai-ichi Life Insurance Area Head Interview Questions
- Star Union Dai-ichi Life Insurance Senior Relationship Manager Interview Questions
- Star Union Dai-ichi Life Insurance Senior Insurance Officer Interview Questions
- Show more
Interview Questions for Popular Designations
- Relationship Manager Interview Questions
- Relationship Officer Interview Questions
- Assistant Relationship Manager Interview Questions
- Assistant Manager Interview Questions
- Assistant Branch Manager Interview Questions
- Executive Interview Questions
- Senior Executive Interview Questions
- Intern Interview Questions
- Show more
Overall Interview Experience Rating
based on 134 interview experiences
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Star Union Dai-ichi Life Insurance Reviews and Ratings
based on 1.9k reviews
Rating in categories
|
Relationship Manager
368
salaries
|  ₹2.2 L/yr - ₹5.3 L/yr |
|
Assistant Manager
263
salaries
| ₹2.5 L/yr - ₹6.5 L/yr |
|
Assistant Relationship Manager
222
salaries
| ₹2.2 L/yr - ₹4.1 L/yr |
|
Senior Relationship Manager
213
salaries
| ₹3.1 L/yr - ₹5.9 L/yr |
|
Territory Manager
206
salaries
| ₹4.4 L/yr - ₹10 L/yr |
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