1.Tell me about yourself.
Ans : Hello, my name is Prerak Chaturvedi and I am from Prayagraj.
I am a graduate of the class of 2017, having received my undergraduate degree in Arts.
I continued my education and obtained my postgraduate degree in Arts in 2019.
During my academic journey, I developed a passion for exploring different fields within the arts, and have since been pursuing a career in this area.
I am excited to bring my skills, knowledge, and experience to any opportunity that comes my way.
Thank you for considering me for this interview.
2. Tell me about your family
I come from a family of four, including my parents and younger Brother.
My parents have always been supportive of my academic and career pursuits, and they have instilled in me the values of hard work and perseverance.
My Brother is currently pursuing his Post-degree Program in Arts, and I admire his dedication and passion for his field.
Overall, my family has played a crucial role in shaping my character and values, and I'm grateful for their support."
3. What is IRDAI
IRDAI stands for the Insurance Regulatory and Development Authority of India.
It is an autonomous, statutory body that regulates and promotes the insurance industry in India.
IRDAI was established in 1999 under the Insurance Regulatory and Development Authority Act, 1999, and operates under the purview of the
Ministry of Finance, Government of India.
The primary functions of IRDAI include regulating and supervising insurance companies, protecting the interests of policyholders, promoting the
growth and development of the insurance sector, and ensuring the financial stability of insurance companies.
IRDAI is responsible for issuing licenses to insurance companies, setting guidelines for the conduct of insurance business,
and monitoring the performance of insurance companies.
It also resolves disputes between policyholders and insurers through its grievance redressal mechanism.
Overall, IRDAI plays a critical role in ensuring that the Indian insurance sector operates in a fair, transparent, and efficient manner, and that policyholders
are protected and their interests are safeguarded.
4. What is GST
The goods and services tax (GST) is a tax on goods and services sold domestically for consumption.
The tax is included in the final price and paid by consumers at point of sale and passed to the government by the seller.
The GST is usually taxed as a single rate across a nation.
Governments prefer GST as it simplifies the taxation system and reduces tax avoidance.
Critics of GST say it burdens lower income earners more than higher income earners.
5. What is IGMS
The Integrated Grievance Management System (IGMS) is an online consumer complaints registration system created by IRDA.
All insurance companies have integrated their online complaint logging systems to the IGMS maintained by IRDA.
6. What is difference between GST and GDP
GDP :- ( gross domestic products)
GDP is a measure of the value of all final goods and services produced within the domestic territory of a country,
within a specified time period, usually a year.
GST : ( good service and tax )
GST is suggested for our services only . The GST will bring about a qualitative change in the tax system by redistributing the burden of taxation
equitably between manufacturing and services.
7. Tell me about Bajaj Allianz
Bajaj Allianz Life Insurance is the life Insurance provider in India under government regulation.
It was founded in 2001. Some of their plans are popular and studied by major institutions.
The Company is a partnership between two large groups, Bajaj Finserv Limited of the Bajaj Group, and Allianz SE.
The company has more than 509 branches ,117,000 insurance agents (as on 31 March 2022) , several bank partnerships and
online distribution partners as well.
8. Qualities of a team leader
Effective team leaders communicate clearly and Strong Organization Skills
An effective team leader is confident in his abilities, as well as confident in the abilities of his team members.
A quality team leader is respectful of his team members and treats team members fairly.
An effective team leader is honest and open with his team members and Influential leaders help inspire the commitment of team
members to meet company goals.
Effective team leaders know how to share leadership through delegation.
Delegating certain tasks to trustworthy team members allows the leader to focus on improving workplace functions and production.
Effective team leaders are powerful facilitators. As a facilitator, team leaders help workers understand their goals.
They also help organize an action plan to ensure team members meet their goals and objectives .
Team leaders utilize negotiation skills to achieve results and reach an understanding in the event of a workplace conflict.
9. How many no. of insurance companies are there in India.
As of September 2022, IRDAI has recognized 24 life insurance companies.
10. What is LIC/GIC/Claim/surrender value
LIC : Life Insurance Corporation of India (LIC) is an Indian public sector life insurance company headquartered in Mumbai.
It is India's largest insurance company.
LIC works as an insurance provider that offers life cover to the policyholders in exchange for a premium.
GIC :General Insurance Corporation of India Limited, abbreviated as GIC Re, is an Indian public sector reinsurance company
which has its registered office and headquarters in Mumbai.
Claim : An insurance claim is a formal request to your insurance provider for reimbursement against losses covered under your insurance policy.
Insurance is a financial agreement between you and your insurer. You have to pay a fixed premium.
Surrender value : the amount the policyholder will get from the life insurance company if he decides to exit the policy before maturity.
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