Insurance Interview Questions and Answers

1. Which Act governs insurance?
2. What is IRDA?
3. What is the difference between insurance and assurance?
4. Differentiate between life and non-life insurance?
5. Do you have any knowledge about insurance marketing?
6. What are the various steps involved in issuing a policy to a client? What are the various departments involved in this process and what role do they play? 
7. What do you understand by underwriting?

8. How do you handle claims in insurance? 

9. What is the outlook for insurance industry? 

10. What is human life value? 

11. Name some general insurance products

12. Amongst individual financial products portfolio, where do you place an insurance product?

13. What do you understand by “risk management”? 

14. How does insurance mitigate risk?

15. What are the factors you will consider while evaluating risk in manufacturing factory? 

 16. Apart from traditional channels which channels can we use in marketing insurance? 

 17. How would you use your marketing knowledge in insurance? 

 18. What do you understand by fidelity guarantee? 

 19. Can you tell us what a “bancassurance” is?

 20. What knowledge do you have about “health insurance” and “pension insurance”? 

 21. How do you propose to manage your workforce to meet your targets? 

 22. How would you handle the conflicting interests between sales and underwriting?