Tuesday, 20 August 2019

lic agent IC-38 exam set-11

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-11

CHAPTER 11 : DOCUMENTATION – PROPOSAL STAGE

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IC-38 Online Mock Test for LIC agency Exam preparation SET-11

Question-1

The application document used for making the proposal is commonly known as the __________.
[A]. Application form [B].Proposal form
[C].Registration form [D]. Subscription form

Question-2

From the below given age proof documents, identify the one which is classified as nonstandard by insurance companies.
[A]. School certificate [B].Identity card in case of defence personnel
[C].Ration card [D]. Certificate of baptism

Question-3

Money laundering is the process of bringing _______ money into an economy by hiding its _______ origin so that it appears to be legally acquired.
[A]. Illegal, illegal [B]. Legal, legal
[C].Illegal, legal [D]. Legal, illegal

Question-4

In case the policyholder is not satisfied with the policy, he / she can return the policy within the free-look period i.e. within ________of receiving the policy document.
[A]. 60 days [B].45 days
[C].30 days [D]. 15 days

Question-5

Which of the below statement is correct with regards to a policy returned by a policyholder during the free look period?
[A]. The insurance company will refund 100% of the premium [B].The insurance company will refund 50% of the premium
[C].The insurance company will refund the premium after adjusting for proportionate risk premium for the period on cover, medical examination expenses and stamp duty charges [D]. IV. The insurance company will forfeit the entire premium

Question-6

Which of the below is not a valid address proof?
[A]. PAN Card [B].Voter ID Card
[C].Bank passbook [D]. Driving licence

Question-7

Which of the below is an example of standard age proof?
[A]. Ration card [B].Horoscope
[C].passport [D]. Village Panchayat certificate

Question-8

Which of the below can be attributed to moral hazard?
[A]. Increased risky behaviour following the purchase of insurance [B].Increased risky behaviour prior to the purchase of insurance
[C].decreased risky behaviour following the purchase of insurance [D]. Engaging in criminal acts post being insured

Question-9

Which of the below features will be checked in a medical examiner’s report?
[A]. Emotional behaviour of the proposer [B].Height, weight and blood pressure
[C].Social status [D]. Truthfulness

Question-10

A __________ is a formal legal document used by insurance companies that provides details about the product.
[A]. Proposal form [B].Proposal quote
[C].Information docket [D]. Prospectus

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 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus in HINDI # SET-30 ...