Preview Questions Sales Manager (Bancassurance) | Role Specific Skill

Question 1: How can a Sales Manager personalize their approach when selling bancassurance products?

Which action should you take?

Choose only one option

By understanding each client's financial goals and tailoring product recommendations

By focusing only on products with high commissions

By selling products based on the bank's promotional offers

By offering the same product to all clients based on age

Question 2: In managing a bancassurance sales team, what is the most critical factor for ensuring effective team collaboration?

Which action should you take?

Choose only one option

Focusing solely on individual achievements

Keeping all team discussions formal and brief

Limiting collaboration to scheduled meetings only

Encouraging open communication and team-based problem solving

Question 3: What is the best way to track the financial performance of bancassurance products over a long-term horizon?

Which action should you take?

Choose only one option

By evaluating the policy lapse rate

By tracking the total premium growth rate

By assessing policy maturity rates

By monitoring the premium-to-claims ratio

Question 4: What role does follow-up communication play in client retention for bancassurance products?

Which action should you take?

Choose only one option

It is only useful for marketing new products

It has minimal impact as clients forget about their previous interactions

It complicates the relationship by adding unnecessary contact

It helps reinforce the relationship and address any concerns or questions

Question 5: How does effective communication with clients contribute to a successful bancassurance sales strategy?

Which action should you take?

Choose only one option

It allows the sales manager to push more products

It ensures that clients fully understand the products they are purchasing

It makes the selling process faster but less personal

It reduces the need for customer service

Question 6: What is the most effective way to mentor high-potential employees in a bancassurance team?

Which action should you take?

Choose only one option

Increasing monetary incentives

Delegating all critical tasks to them

Assigning challenging roles

Reducing their workload