Policybazaar Data Science Interview Questions & Answers
Curated interview practice questions with answers. These are practice scenarios, not a verified list of past interview questions.
About Policybazaar hiring for Data Science roles
Policybazaar, part of PB Fintech, is an Indian online insurance marketplace for comparing and buying health, life, motor and other insurance. Its sister platform Paisabazaar covers loans and credit cards. Its technology and analytics teams work on lead management, pricing comparison and customer experience. It hires for software engineers, testers and analysts.
For Data Science roles, this Policybazaar practice set focuses most on Time Series & Forecasting (8), Statistics and Probability (7), Deep Learning and NLP (5), MLOps and Model Deployment (4). It has 6 easy, 26 medium, 8 hard questions, so you can start easy and work up to the harder ones.
Company type
Fintech
Headquarters
Gurugram, India
Main India offices
Gurugram
Policybazaar Data Science interview process
Online assessment or assignment
Technical or case round
Hiring manager round
HR round
Typical pattern based on public candidate experiences. Rounds vary by role, team and year.
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01
Write Python code to compute the haversine distance between customer and store locations.
Scheduled retraining, like monthly, is simple and predictable but may be too late after a sudden change or wasteful when nothing changed. Trigger-based retraining runs when monitoring shows drift or a performance drop, which reacts faster but needs reliable monitoring. Many teams combine both: a regular schedule plus triggers for big shifts. Either way, a retrained model must pass the same evaluation gate before replacing the current one.
03
Write NumPy code to compute the Dice coefficient between a predicted and a true binary mask.
Waiting 80 weeks is unrealistic. Options: test a bolder change so the expected effect is larger; use a more sensitive metric closer to the change, like add-to-cart instead of purchase; apply CUPED to reduce variance; or move the test to a higher-traffic page. If none work, accept a larger MDE explicitly, or decide using qualitative research and a staged rollout with monitoring instead of a formal test.
05
What is the difference between recursive and direct multi-step forecasting?
In recursive forecasting you train a one-step model and feed each prediction back as an input to predict the next step, so errors compound over the horizon. In direct forecasting you train a separate model for each horizon, such as one for t+1 and another for t+7, which avoids compounding but costs more and may give inconsistent forecasts. Hybrid and multi-output approaches sit in between and are common in production.
06
Pandas: find the top 3 products by revenue in each region.
MLOps is the set of practices that take machine learning models from experiments to reliable production and keep them working. It covers versioning data and code, tracking experiments, automated training pipelines, testing, deployment, monitoring and retraining. It borrows ideas from DevOps but adds data and model concerns, because a model can fail even when the code has not changed, simply because the data has.
08
Write a function to calculate RMSE without any library.
The distribution of sample means approaches a normal distribution as the sample size grows (roughly 30+), whatever the population's shape. It lets us build confidence intervals and run hypothesis tests on means.
10
Your credit model has good overall AUC but performs much worse for applicants from one region. What do you do?
First confirm with per-segment metrics and enough samples, since small groups are noisy. Then check why: fewer training examples from that region, different feature distributions, missing data or labels that reflect past biased decisions. Fixes include collecting more data, reweighting, segment-aware features or a separate calibration. Also review fairness and regulatory requirements, and agree with risk and compliance teams on acceptable performance gaps before launch.
The probability of seeing a result at least this extreme if the null hypothesis were true. A small p-value (for example < 0.05) is evidence against the null hypothesis.
MLE chooses model parameters that make the observed data most probable. You write the likelihood of the data as a function of the parameters, usually take the log for easier maths, and maximise it. For a coin with 7 heads in 10 tosses, the MLE of the heads probability is 0.7. Logistic regression is trained by MLE, which is the same as minimising log loss. MLE can overfit with small samples.
13
A feature works well offline but is not available at prediction time in production. How do you handle this?
This is training-serving skew. The feature might be computed from data that arrives later, like final order status. First confirm exactly when each feature is available in production. Rebuild the training set using point-in-time values, as they were at prediction time, or drop the feature. A feature store with point-in-time joins and the same feature code for training and serving prevents this. Expect offline scores to drop, but they become honest.
L1 (Lasso) adds absolute weights and can shrink some to zero, giving feature selection. L2 (Ridge) adds squared weights and shrinks them smoothly without removing features.
15
Explain exponential smoothing and the Holt-Winters method.
Simple exponential smoothing forecasts with a weighted average of past values where weights decay exponentially, so recent points matter more. Holt's method adds a smoothed trend component. Holt-Winters adds a seasonal component as well, either additive or multiplicative. Each component has a smoothing parameter between 0 and 1 that is fitted to the data. These models are fast, easy to explain and strong baselines for retail and demand data.
Named entity recognition finds and labels spans of text such as person names, organisations, locations, dates and amounts. For example, in an invoice email it can pull out the vendor, invoice number and total. It is usually framed as token classification with BIO tags. spaCy and fine-tuned transformer models are common tools. Domain-specific entities, like medicine names, usually need custom labelled training data.
17
What is a sample ratio mismatch in an experiment and what do you do about it?
A sample ratio mismatch means the observed split between groups differs from the planned split, for example 52 to 48 instead of 50 to 50 with a large sample. A chi-square test on the counts confirms it. It usually signals a bug in assignment, redirects, bot filtering or logging, so the results cannot be trusted. Do not analyse the metric; find and fix the root cause and rerun the test.
18
A feature won its A/B test with a 4 percent lift, but after full launch the metric barely moved. Why might that happen?
Several reasons are common. Winner's curse: significant results from underpowered tests tend to overestimate the true effect. Novelty effect faded after launch. Seasonality or other launches changed the baseline, so a before-after comparison is misleading. The test population may differ from all users, for example only one platform. Use a holdout after launch to measure real impact, and run tests with adequate power and duration.
19
A deep network you built from scratch does not learn at all; the loss stays flat from the first epoch. Could weight initialisation be the reason?
If weights start too large, activations and gradients explode; if too small, they vanish, and training stalls. If all weights are equal, every neuron learns the same thing. Good schemes keep the variance of activations stable across layers: Xavier or Glorot initialisation for tanh and sigmoid, and He initialisation for ReLU. Frameworks use sensible defaults, but it matters when building custom layers or very deep networks.
20
Write PyTorch code to fine-tune a pretrained ResNet-18 for a 5-class problem by replacing its final layer.
import torch, torch.nn as nn
from torchvision import models
model = models.resnet18(weights=models.ResNet18_Weights.DEFAULT)
for p in model.parameters():
p.requires_grad = False # freeze backbone
model.fc = nn.Linear(model.fc.in_features, 5)
opt = torch.optim.AdamW(model.fc.parameters(), lr=1e-3)
loss_fn = nn.CrossEntropyLoss()
# train head first, then unfreeze later layers with a lower lr
21
Pandas: find customers whose monthly spend increased for three consecutive months.
Simpson's paradox happens when a trend in several groups reverses when the groups are combined. Example: a new checkout converts better on both mobile and desktop, but worse overall, because most of its traffic came from mobile, which has lower conversion anyway. The mix of groups, not the treatment, drives the total. The lesson is to check segment-level results and confounding variables before drawing conclusions from aggregated numbers.
23
You must forecast demand for a new product that has only three weeks of history. What do you do?
Three weeks is too little to learn seasonality, so borrow information. Find similar past launches by category, price band and channel, and use their early sales curves as analogues. A global model trained across many products, with product attributes as features, can also forecast a cold-start item. Combine this with planned marketing spend and business judgement, show a wide interval, and update the forecast weekly as real data arrives.
24
How do you evaluate clustering when you have no labels?
Use internal metrics: the silhouette score compares how close a point is to its own cluster versus the nearest other cluster, and the Davies-Bouldin index measures cluster overlap. The elbow method looks at within-cluster variance. But the real test is usefulness: are clusters stable across random seeds and samples, can the business describe them, and do they behave differently on outcomes like spend or churn?
25
Write Pandas code to create lag and rolling features for each customer.
df = df.sort_values(['customer_id', 'month'])
g = df.groupby('customer_id')['spend']
df['spend_lag1'] = g.shift(1)
df['spend_lag3'] = g.shift(3)
# shift first so the current month is not included
df['spend_roll3_mean'] = g.transform(lambda s: s.shift(1).rolling(3).mean())
26
What do ACF and PACF plots tell you about a time series?
The ACF plot shows correlation between the series and its own lags, including indirect effects through intermediate lags. The PACF shows the correlation at each lag after removing the effect of shorter lags. For a stationary series, a PACF that cuts off after lag p suggests an AR(p) term, and an ACF that cuts off after lag q suggests an MA(q) term. Spikes at lag 7 or 12 reveal weekly or yearly seasonality.
27
Write Python code to compute a 95% bootstrap confidence interval for the mean.
A time series is a sequence of observations recorded at ordered time steps, such as daily sales or hourly website traffic. Unlike ordinary tabular data, rows are not independent: today's value depends on yesterday's, and the order cannot be shuffled. This changes everything downstream. You must split train and test by time, build features only from the past, and check for trend and seasonality before choosing a model.
29
Write a basic PyTorch training loop for one epoch.
model.train()
for X, y in train_loader:
X, y = X.to(device), y.to(device)
optimizer.zero_grad()
logits = model(X)
loss = loss_fn(logits, y)
loss.backward()
optimizer.step()
# evaluation
model.eval()
with torch.no_grad():
val_loss = sum(loss_fn(model(Xv.to(device)), yv.to(device)).item() for Xv, yv in val_loader)
30
Soon after a new model version went live, customer complaints spiked. How do you roll back safely and learn from it?
Roll back immediately to the previous registry version through the deployment pipeline, rather than editing servers by hand, and confirm metrics recover. Then investigate offline: compare predictions of both versions on the same traffic, check feature pipelines and data changes, and review what the offline evaluation missed. Add the failing cases to the test set, and use canary or shadow rollout with alert thresholds for future releases.
31
Your image classifier trained on 2,000 images memorises the training set within 5 epochs. What do you try?
With so little data, I would use transfer learning from a pretrained model like ResNet or EfficientNet and fine-tune only the top layers first. I would add data augmentation such as flips, crops and colour changes, use dropout and weight decay, and apply early stopping on validation loss. Collecting more labelled images or using a smaller model also helps. I would check for duplicate images across train and validation sets too.
32
What is MAPE and when is it a poor metric for forecast accuracy?
MAPE is the mean of absolute errors divided by actual values, expressed as a percentage. It is easy to explain to business teams, but it breaks when actuals are zero or near zero, because the percentage explodes. It also penalises over-forecasts more than under-forecasts and weights small items heavily. For intermittent or low-volume series prefer MAE, weighted MAPE or MASE, which compares error to a naive baseline.
33
Your daily sales forecast badly misses the Diwali spike every year. How do you fix it?
The model is treating Diwali as noise because the festival moves on the calendar and a fixed yearly seasonality does not align. Add explicit holiday features: a flag for Diwali and a few days before and after, since buying starts early. Include other regional festivals and sale events too. Models like Prophet or gradient boosting with holiday features handle this well. Then backtest specifically on past festive periods to confirm the fix.
A range built from sample data that would contain the true parameter in a stated percentage (for example 95%) of repeated samples. It is not the probability that the parameter lies inside this one interval.
35
You want to test a new pricing algorithm in a two-sided marketplace where buyers and sellers interact. Why is user-level randomisation a problem and what would you do?
Treated and control buyers compete for the same sellers' supply, so a treatment that makes treated buyers buy more takes inventory from control buyers, exaggerating the measured lift. Use designs that limit interference: switchback tests that alternate the whole market between variants over time slots, or randomise by city or region. Analyse at the switch or cluster level with appropriate variance, and accept that these tests need longer to reach power.
36
What is the difference between zero-shot and few-shot prompting?
In zero-shot prompting you give only instructions, like classify this review as positive or negative. In few-shot prompting you also include a few worked examples of input and correct output, which shows the model the format and decision boundary. Few-shot usually improves consistency on custom labels, at the cost of more tokens. Pick examples that cover tricky cases and keep their format identical to what you want back.
37
Write a Python function to compute MASE for a seasonal forecast.
CNNs use convolutions to find spatial patterns (images). RNNs/LSTMs process sequences step by step but struggle with long context. Transformers use self-attention to look at all tokens at once — parallel and better at long-range context; they power modern LLMs.
39
Write scikit-learn code to get precision, recall and a confusion matrix at a custom threshold of 0.3.
from fastapi import FastAPI
from pydantic import BaseModel
import joblib
import pandas as pd
app = FastAPI()
model = joblib.load('model.joblib')
class Customer(BaseModel):
tenure: int
monthly_spend: float
plan: str
@app.post('/predict')
def predict(c: Customer):
X = pd.DataFrame([c.model_dump()])
return {'churn_probability': float(model.predict_proba(X)[0, 1])}
Tips to crack the Policybazaar Data Science interview
Learn insurance basics like premium, sum insured, claim settlement ratio and term versus health plans.
Prepare analytics cases on lead conversion, call centre efficiency and renewal rates.
Practise testing scenarios for quote comparison and policy purchase flows, including payment and document uploads.
Keep a one-minute story ready for every project on your CV: problem, your part, tools, result.
Practise the hard questions on this page aloud; Policybazaar interviewers usually ask follow-ups on your first answer.
Frequently asked questions
How many rounds are there in the Policybazaar Data Science interview?
Candidates usually go through 4 stages: Online assessment or assignment; Technical or case round; Hiring manager round; HR round. The exact rounds change with the role, team, location and your experience, so confirm the process with the recruiter.
Which topics should I prepare for the Policybazaar Data Science interview?
This practice set leans on Time Series & Forecasting (8), Statistics and Probability (7), Deep Learning and NLP (5), MLOps and Model Deployment (4). Revise those first, then practise explaining one or two of your own projects end to end, because most Policybazaar interviewers ask you to walk through real work.
Are these the exact questions asked at Policybazaar?
No. These are curated practice questions that match the skills and difficulty usually tested in fintech interviews like Policybazaar's. They are not a leaked or verified list of past questions.
Where does Policybazaar hire Data Science professionals in India?
Policybazaar has large teams in Gurugram. Openings and locations change often, so check the Policybazaar careers page and filter by city and experience.