Preview Questions Sales Manager (Bancassurance) | Role Specific Skill

Question 1: What sales strategy should be adopted when launching a new bancassurance product in a competitive market?

Which action should you take?

Choose only one option

Emphasize the unique selling proposition (USP) of the product

Introduce a complex product lineup to capture market share

Focus on volume sales with low margins

Rely on heavy discounts and promotions

Question 2: 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 3: In bancassurance, cross-selling of financial products is most effective when:

Which action should you take?

Choose only one option

The products are promoted through aggressive marketing

The products are offered at discounted rates

It provides a solution to a customer's existing financial need

The customer is pressured into purchasing additional products

Question 4: How can a Sales Manager ensure that team members are aligned with the organization's vision and goals?

Which action should you take?

Choose only one option

By rewarding only top performers

By setting personal goals for each team member

By assigning roles without discussion

By conducting regular team meetings to discuss the vision

Question 5: What is a key factor in determining the success of multi-channel distribution in bancassurance?

Which action should you take?

Choose only one option

Number of customer complaints

Availability of a variety of insurance products

Number of new customers acquired

Seamless integration of data across channels

Question 6: How can a Sales Manager track product performance and make data-driven decisions in bancassurance?

Which action should you take?

Choose only one option

By prioritizing the most recently launched products

By focusing solely on agent performance metrics

By looking only at overall revenue generated

By comparing product sales performance against market trends and targets