Preview Questions Sales Manager (Bancassurance) | Role Specific Skill

Question 1: What is the role of reinsurance in managing bancassurance product risks in the BFSI sector?

Which action should you take?

Choose only one option

Boosting customer confidence

Reducing insurer liabilities for high-risk policies

Enhancing underwriting processes

Offering product discounts

Question 2: When a sales manager wants to improve the team's overall sales performance, what is the first step they should take?

Which action should you take?

Choose only one option

Increasing product prices to boost sales margin

Reducing the team's workload to improve focus

Implementing immediate changes to the sales process

Conducting a thorough assessment of current performance and identifying areas for improvement

Question 3: What is the best way to foster a culture of accountability within a bancassurance sales team?

Which action should you take?

Choose only one option

Regular performance reviews and feedback

Reducing the number of team members

Allowing individuals to set their own goals

Focusing only on meeting sales targets

Question 4: What is the most effective way to build accountability within a bancassurance sales team?

Which action should you take?

Choose only one option

Monitoring individual sales daily

Encouraging collaborative performance

Assigning specific targets

Conducting monthly feedback sessions

Question 5: Which of the following factors influences the pricing of bancassurance products the most?

Which action should you take?

Choose only one option

Underwriting norms and risk profile

Age and income of the target customer

Channel distribution fees

Marketing and advertising spend

Question 6: Which approach is most effective for training bank staff in selling insurance products?

Which action should you take?

Choose only one option

Shadowing experienced salespeople

Role-based simulations

Theoretical workshops

Providing extensive product brochures