Finally 5 students got placements in Unicon through CRD-team from PGDM 2nd year, named:
1. Kamalkant soni - Mkt & Fin
2. Indu Pal - Mkt & Fin
3. Esha Raj - Mkt & HR
4. Priyanka - Mkt & Fin
5. Prasanta Sahoo - Mkt & Fin
Congrats to all..
Interview Questions to Esha Raj -
1) Introduction & family background?
2) Why you have chosen Marketing instead of HR?
3) Tell something about your summer training? Objective and
4) What is different b/w recruitment and selection?
5) Are HR people more competent in Recruiting people than sales person?
6) What are the types of insurance?
7) How can you convince your clients?
8) You are from Arts background then why have you chosen MBA?
Interview Questions to Indu Pal -
1. Questions about Mutual Funds and ULIPs?
2. Questions related to summer internship?
3. Do you have links for market development in Unicon?
4. What about Stock market, BSE, NSE?
Ques No.1- ULIP vs Mutual Fund
Unit Links Insurance Plan (ULIP) and Mutual Fund (MF) are the two most preferred options for a part time investor to invest into equity.
Mutual Fund are pure investments. ULIP are combination of Insurance and Investment.
Comparision b/w ULIP and MF based on certain well known facts:
1) Insurance
ULIPs provide you with insurance cover.
MFs don’t provide you with insurance cover.
2) Entry Load
ULIPs generally come with a huge entry load. For different schemes, this can vary between 5 to 40% of the first years premium.
MFs have a small entry load of a maximum of 2.5% which can also be waved off if you apply directly (i.e. not through a agent).
Here MFs have a huge advantage. If we consider a conservative market return of about 10-15% you may get a zero percent return in the first year.
3) Maturity
ULIPs generally come with a maturity of 5 to 20 years. That what ever money you put in, most of it will be locked-in till the maturity.
Tax saving MF ( Popularly called as Equity Linked Saving Scheme or ELSS) come with a lock-in period of 3 years. Other MFs don’t have a lock-in period.
Again MFs have advantage over ULIPs. ULIPs do allow you to take money out prematurely but they also put penalties on you for doing that.
4) Compulsion of Investing
ULIPs would generally make you pay at least first three premiums.
MFs don’t have any compulsion on future investments.
5) Tax Saving
Both the ELSS and ULIP come under 80C and can save you tax. Returns in the both form of investments are tax free.
6) Market exposure
ULIPs give you both moderate and aggressive exposure to equity market
Debt and Liquid MF let invest with low risk, but don’t give you tax benefit.
Catch more detail at: http://blog.moneyraam.com/2008/01/ulip-vs-mutual-fund.html
Ques NO.2- Types of Insurance
This category has the following 3 subcategories, out of 3 total.
H = Health insurance
L = Life insurance
V = Vehicle insurance
Def: Insurance is something that almost all of us will need sometime, and it is worth understanding it before buying it.
Various types of insurance include motor insurance, which includes automobile, motorcycle, and boat insurance, health insurance, life insurance, home insurance, travel insurance, personal property insurance, keyman insurance, dental insurance, rental insurance, and more.
Often, insurance is required - especially in the cases of motor insurance. Other times, it is a safeguard.
Insurance is a form of risk-management which spreads risk of many people in exchange for small payments from each. Specifically, insurance transfers some type of risk (accident, theft, natural disaster, illness, etc) from one person or group to a more financially-sound entity in exchange for a payment (also known as a premium). Premiums are often annual or monthly, but depending on the type of insurance they can be at other intervals.
Answers:
Other Insurances are:
Disability insurance
This form of insurance protects workers from injuries and illnesses which prevent them from doing their jobs. It can pay for existing commitments the policyholders may have such as outstanding bills, mortgages, utilities, and more.
Property insurance
This type of insurance typically covers things like homes, machinery, crops, valuable goods, shipped cargo, rented property (homes or apartments), and more. It can cover damages as a result of various activities including acts of God (earthquakes, floods, storms, hurricanes, etc), vandalism, terrorism, fraud, and more.
Liability insurance
This covers negligent acts of an insured party with reference to a vehicle or a home. It protects the insured against legal claims and indemnification.
Credit insurance
This is taken by lenders who need coverage against the people that have credit with them (borrow money). In the event of their inability to pay it back (usually due to unemployment, disability, or death), this insurance protects the lender.
Catch more detail at: http://www.economywatch.com/insurance/
Friends feel free to add here in comments
AWANISH KUMAR SINGH-ITBYTESCLUB-INMANTEC
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AWANISH KUMAR SINGH-ITBYTESCLUB-INMANTEC
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