ICICI Lombard Product Manager - CPT Interview Questions & Experience Guide

Interview Preparation
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ICICI Lombard Product Manager - CPT Interview Questions & Experience Guide

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Company Name: ICICI Lombard

Position: Product Manager - CPT

Location: [Not specified]

Application Process: I applied through campus placement in December 2021.

Interview Rounds:

  • Round 1 - Technical Interview:

    • Questions Asked:
      • Walk through your CV.
      • How will you explain a product to a 5-year-old kid?
    • Your Approach:
      • For the CV walkthrough, I highlighted my relevant experiences and skills.
      • For the product explanation, I used simple analogies and relatable examples to make it understandable for a child.
    • Outcome: Cleared the round.

  • Round 2 - Assignment:

    • Questions Asked: [Details not provided]
    • Your Approach: [Details not provided]
    • Outcome: [Details not provided]

  • Round 3 - Interview:

    • Questions Asked: [Details not provided]
    • Your Approach: [Details not provided]
    • Outcome: [Details not provided]

Preparation Tips:

  • Be well-versed with the basics of product management.
  • Practice explaining complex concepts in simple terms.

Conclusion:
The interview process was insightful, and the questions tested both technical and communication skills. I could have prepared more thoroughly for the assignment round. For future candidates, focus on clarity and simplicity in your explanations.

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Company Name: ICICI Lombard

Position: Product Manager - CPT

Location: [Not specified]

Application Process: Applied via campus placement before February 2023.

Interview Rounds:

  • Round 1 - Case Study Round:

  • Questions Asked:

    • GTM (Go-To-Market) strategy for a mobile app that consolidates all insurance details and includes a UPI feature.

  • Your Approach:

    • Analyzed the target audience and their pain points related to insurance management and digital payments.
    • Proposed a phased rollout strategy, starting with a pilot launch in urban areas with high digital literacy.
    • Suggested partnerships with banks and financial institutions to integrate the UPI feature seamlessly.
    • Emphasized user education and awareness campaigns to drive adoption.

  • Outcome:

    • Successfully cleared the round with positive feedback on the structured approach and feasibility of the proposed strategy.

Preparation Tips:

  • Focus on understanding the basics of product management, especially GTM strategies.
  • Practice case studies related to fintech and insurance products.
  • Stay updated with trends in digital payments and insurance technology.

Conclusion:

The interview was a great learning experience, and the case study round was particularly insightful. It helped me understand the practical aspects of product management in the insurance sector. For future candidates, I’d recommend brushing up on industry trends and practicing structured problem-solving for case studies.

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Company Name: ICICI Lombard

Position: Product Manager - CPT

Location: [Not specified]

Application Process: Applied via LinkedIn and was interviewed before December 2021.

Interview Rounds:

  • Round 1 - Resume Shortlist:

    • Questions Asked: N/A (Resume-based shortlisting)
    • Your Approach: Ensured my resume was clear and highlighted relevant skills and experiences.
    • Outcome: Advanced to the next round.

  • Round 2 - HR Round:

    • Questions Asked:
      1. What is your expected salary?
      2. Will you be working for the organization for a longer period of time?
    • Your Approach: Answered honestly and aligned my expectations with industry standards for the role. Emphasized my commitment to long-term growth with the company.
    • Outcome: [Result not specified]

Preparation Tips:

  • Keep your basics clear before the interview.
  • Aim to make the interview as interactive as possible.

Conclusion:
The interview process was straightforward, and the HR round focused on salary expectations and long-term commitment. Keeping the conversation interactive and being clear about your expectations can help in such interviews.

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Company Name: ICICI Lombard

Position: Product Manager - CPT

Location: [Not specified]

Application Process: Applied via campus placement in December 2021.

Interview Rounds:

  • Round 1 - Technical Interview:

    • Questions Asked:
      1. Walk through your CV.
      2. How will you explain a product to a 5-year-old kid?
    • Your Approach:
      • For the CV walkthrough, I highlighted key experiences and projects relevant to the role.
      • For the product explanation, I used simple analogies and avoided jargon to make it relatable.
    • Outcome: Cleared the round.

  • Round 2 - Assignment:

    • Questions Asked: [Details not provided]
    • Your Approach: [Details not provided]
    • Outcome: [Details not provided]

  • Round 3 - Interview:

    • Questions Asked: [Details not provided]
    • Your Approach: [Details not provided]
    • Outcome: [Details not provided]

Preparation Tips:

  • Be well-versed with basic product management concepts.
  • Practice explaining complex ideas in simple terms.

Conclusion:
The interview process was structured, and the technical round was particularly insightful. Preparing for basic product management questions and simplifying explanations helped me perform well. Future candidates should focus on clarity and relevance in their responses.

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Company Name: ICICI Lombard

Position: Product Manager - CPT

Application Process: The application process involved direct interaction through the company’s hiring process, likely via campus placement or an online application.

Interview Rounds:

  • Round 1 - One-on-one Round:

    • Questions Asked:
      1. Describe a product you have worked on or are familiar with.
      2. Solve a problem-solving case study.
    • Your Approach: For the first question, I detailed a product I had prior experience with, highlighting its features, target audience, and impact. For the case study, I structured my answer by breaking down the problem, identifying key challenges, and proposing a logical solution.
    • Outcome: Successfully cleared the round.

  • Round 2 - HR Round:

    • Questions Asked:
      1. What are your salary expectations, and how do you align with the company’s values?
    • Your Approach: I researched the company’s values beforehand and linked them to my professional goals. For salary expectations, I provided a range based on industry standards and my experience.
    • Outcome: The round went well, and I received positive feedback.

Preparation Tips:

  • Brush up on product management concepts, especially case studies and problem-solving techniques.
  • Research the company’s products, values, and recent developments to align your answers.
  • Practice structuring your responses clearly and concisely.

Conclusion:
The interview process was smooth and well-structured. I felt prepared for the technical aspects but could have spent more time understanding the company’s recent initiatives. My advice to future candidates is to focus on both technical and cultural fit aspects of the role.

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Company Name: ICICI Lombard

Position: Product Manager - CPT

Location: [Not specified]

Application Process: Applied via campus placement.

Interview Rounds:

  • Round 1 - Group Discussion Round:

  • Questions Asked: GD on a case study given for a payment partner of ICICI Lombard. The task was to formulate a GTM (Go-To-Market) strategy.

  • Your Approach: I actively participated in the discussion, focusing on market segmentation, target audience identification, and channel selection for the GTM strategy. I also emphasized collaboration with the payment partner to leverage their strengths.

  • Outcome: Cleared the round successfully.

  • Round 2 - Assignment Round:

  • Questions Asked: Detailed discussion on the GTM strategy proposed in the GD round.

  • Your Approach: I expanded on the initial strategy, providing a structured document with clear objectives, timelines, and key performance indicators (KPIs). I also included a competitive analysis and risk mitigation plan.

  • Outcome: Advanced to the next round.

  • Round 3 - One-on-one Round:

  • Questions Asked: Q1. Previous job experience.

  • Your Approach: I highlighted relevant roles and responsibilities from my past jobs, focusing on skills like product management, business analysis, and stakeholder collaboration. I also linked my experience to the requirements of the Product Manager role.

  • Outcome: Awaiting final results.

Preparation Tips:

  • Brush up on GTM strategies, especially for financial or insurance products.
  • Practice case studies and group discussions to improve articulation and teamwork.
  • Be ready to discuss your previous work experience in detail, aligning it with the role’s expectations.

Conclusion:
The interview process was well-structured and tested both analytical and collaborative skills. The GD round was particularly engaging, and the assignment round allowed me to showcase my strategic thinking. For future candidates, I’d recommend preparing thoroughly for case studies and being clear about your past experiences.