Hello and welcome to ExamPundit. Today we are giving a list of important questions regarding Insurance Administrative Officers interview.
Common HR Questions in Insurance AO Interview
1. Why do you want to work for Insurance not Banking Sector?
Now, this is one of the most tricky and confusing questions. Be realistic and practical. In Insurance AO, you need to show your Administrative Skills and in Banking Sector you need More Communication Skills and Less Administrative Skills.
2. What are your weakness?
Many will tell you to say some of your strength as a weakness, but frankly, it will never work. What you should do, you should be saying a weakness which you have overcame in the past.
3. Tell me/us something about yourself.
This need to be answered in a honest and precis way. Don’t dig deep into your problems neither show off unnecessary skills. Talk about your strengths and work experience if you have any.
Questions related to Insurance Work
How does an Insurance Company Earn? (asked in New India Assurance AO interview)
We compiled a PDF regarding this question. Click Here to Download >>
What is the concept of Absorption in Insurance? (asked in UIIC AO Interview)
Here is a PDF which will help you to understand the concept. Click here to Download >>
What do you mean by Reinstatement?
If an insured person fails to pay the premium due to various circumstances and as a result the insurance policy gets terminated, then the insurance coverage can be renewed. This process of putting the insurance policy back after a lapse is known as reinstatement.
What do you know about Accidental Death Benefit And Dismemberment?
Accidental death benefit and dismemberment is an additional benefit paid to the policyholder in the event of his death due to an accident. Dismemberment benefit is paid if the insured dies or loses his limbs or sight in the accident.
What do you understand by Surrender Value?
It is the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity.
What do you mean by Subrogation?
Subrogation is a right with the insurance company to sue a person or entity responsible for any damage or disability suffered by the insured.
What do you mean by Insurable interest?
It is defined as the reasonable concern of a person to obtain insurance for any individual or property against unforeseen events such as death, losses, etc.
Download Important Materials :
Click here to download Insurance Awareness PDF >>
Click here to download Insurance Terms PDF >>
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Team ExamPundit
