Preview Questions Sales Manager (Bancassurance) | Role Specific Skill

Question 1: Which of the following metrics is most relevant for evaluating the effectiveness of client relationship management in bancassurance?

Which action should you take?

Choose only one option

Premium growth rate

Client retention rate

New client acquisition

Policy churn rate

Question 2: When planning for a new product launch in bancassurance, which action is most important in the first phase?

Which action should you take?

Choose only one option

Allocating resources for advertising campaigns

Training the sales team

Setting pricing strategies

Conducting a market and competitive analysis

Question 3: 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 4: Which leadership style is most effective for a Sales Manager in bancassurance when managing a high-performing team?

Which action should you take?

Choose only one option

A transformational leadership style that inspires and motivates the team

An autocratic leadership style that controls every decision

A laissez-faire leadership style that allows full autonomy

A transactional leadership style that focuses on rewards and punishments

Question 5: What is the best approach to optimize the performance of an underperforming bancassurance sales team?

Which action should you take?

Choose only one option

Increase marketing spend

Implement a customer feedback mechanism

Offer continuous training on product knowledge

Provide additional incentives for sales agents

Question 6: How can CRM software be effectively used to improve client relationship management in bancassurance?

Which action should you take?

Choose only one option

By automating follow-ups

By centralizing client information

All of the above

By tracking interaction history