Interview Question Bank- LIC (Apprentice Development Officer (ADO)

LIC ADO INTERVIEW QUESTIONS

1. Tell me about yourself.
2. What do you know about Life Insurance?
3. Why have you applied for LIC ADO?
4. Where is Corporate Office/Head Quarter of LIC located?
5. Can you tell some of the objectives of LIC?
6. Do you explain who can buy a policy?
7. Do you know the role of LIC ADO/AAO?
8. How many types of insurance companies are there?
9. Tell something about General Insurance Companies.
10. What do you know about Life Insurance Company?
11. How would you improve upon our product/company?
12. Why are you the best person for this position?
13. Why is it important to get Life Insurance?
14. Why do you mean by word Insurance?
15. What are the major types of Insurance?
16. How many types of Insurance Companies are there?
17. What is the role of Development Officer?
18. What is the difference between Life Insurance and Life Assurance?
19. Name some different categories of life insurance products.
20. Tell about Term Insurance Policies.
21. What do you know about Endowment Policies?
22. What are money-back policies?
23. Which are the policies similar to mutual funds?
24. Comment on Pension Policies.
25. Who can buy an Insurance Policy?
26. What are the objectives of LIC?
27. When did the LIC of India come into existence?
28. What is the Foreign Direct Investment (FDI) limit in Insurance Sector?
29. What are the duties, powers and functions of IRDA?
30. Who is the chairman of LIC?
31. Who is the chairman of IRDA?
32. What is the difference between marketing and sales?
33. Where is Corporate office/Headquarters of LIC located?
34. What do you know about ADO?
35. Do you know who can buy a policy?
36. Can you tell some of the objectives of LIC?
37. What is your perception of Development Officer as a Career?
38. How is your field experience useful in performing this job?
39. Tell us your educational qualifications?
40. What do you know about Development Officer job?
41. How these qualifications are helpful to you in dischargingthe duties of Development Officer?
42. Why do you want to join in LIC as ADO?
43. What is the difference between with profit and without profit plans?
44. What is the Role of Development Officer?
45. What is Keyman Insurance?
46. What is IRDA?
47. What are the functions of IRDA?
48. Why should we hire you?
49. What are your strengths and weaknesses?
50. What is the difference between confidence and overconfidence?
51. Difference between hard work and smart work?
52. Are you willing to relocate or travel?
53. Can you work under pressure?
54. What motivates you for this job?
55. What are your outside interests?
56. How do you feel about working nights and weekends?
57. What was the toughest decision you ever had to make?
58. Where do you see yourself in 5 years from now?
59. According to your definition of success, how successful have you been so far?
60. Why you want job in a Government Bank when you can get better salary in Private Jobs?
61. What do you mean by Insurance Coverage?
62. What is a premium?
63. What do you mean by terms-insurer and insured?
64. Who is the beneficiary?
65. What is the contestable period’ in insurance policy?
66. What is the difference between “revocable beneficiary” and “irrevocable beneficiary”?
67. What is no-claim bonus?
68. What is ‘declaration page’ in insurance policy?
69. What do you mean by ‘Loss Payee’?
70. What do you mean by ‘Deductible’?
71. What is Co-insurance?
72. What do you mean by term “Annuity”?
73. What is the Surrender Value?
74. What is Paid Value?
75. Is it advisable to replace the policy with another policy?
76. How to claim the policy?
77. What happens if you fail to make required premium payments?
78. Is it safe to pay the premium through Insurance Agent?
79. Is it possible to get the full payment on cancelling the new policy in free look period?
80. What is the difference between the participating and non-participating policy?
81. What is ‘schedule of loss’ in home insurance?
82. What is the difference between the ‘All perils’ and ‘Specified perils’ coverage in home insurance coverage?
83. What is a ‘PLPD’ insurance stand for?
84. What is ‘collision coverage’ and ‘comprehensive coverage’ in Auto insurance?
85. What is the difference between the ‘single limit liability’ coverage and ‘split liability coverage’?
86. What is ‘gap insurance’?
87. What is Personal Accident cover?
88. Does beneficiary have to pay tax on the proceeding of life insurance policy?
89. What is ‘group life’ insurance?
90. What is an ‘Endowment Policy’?
91. What is Elimination period in insurance?
92. What do you mean by term ‘cash value’?
93. What happens to the cash value after the policy is fully paid up?
94. What is subrogation?
95. What do you mean by term ‘Double Indemnity’?
96. What does ‘Indemnity’ term means?
97. What does General Insurance Policy cover?
98. What is the difference between the participating and non-participating policy?
99. Can beneficiary claim the policy if the insured person is missing or disappeared for several years?
100. What do you mean by ‘Additional insured’?