Tuesday, 20 August 2019

lic agent IC-38 exam set-21

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-21

Online IC-38 Mock Test and training material for LIC agency

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IC-38 Online Mock Test for LIC agency Exam preparation SET-221

Question-1 :

Reasons for surrender of the policy
[A]. SA [B].advisor induced
[C].no commission [D]. Has Financial Problems 

Question-2 :

Mr. Feroz has taken a policy for critical illness worti. Rs. 1Ia health,policy. He.also has a term plan worth Rs 10 lac.Mr.. Fe was hospitalised after, hewas detected wthcancer. He died afl .3 dayséf treatment. How the claim will be settled?
[A]. Claim of critical illness and 10 lac from term policy will settled [B].Claimof hospital charges Rs 20,000 and I lac for death V be settled
[C].Claim will not be settled as he died due to cancer [D]. Claim will not be settled as per instruction of underwriter

Question-3 :

Which section deals with the licencing of an agent?
[A]. Section 42 of insurance Act 1938 [B].Section 42of insurance Act l936
[C].Licence section of Insurance Act 1938 [D]. Licence section of Insurance agent act 1938

Question-4 :

Law of large number helps Insurer to analyse which key area
[A]. Administrative expenses [B].in fixing the correct premium
[C].to remove adverse selection [D]. Non of the above

Question-5 :

 After maturity in a ULIP customer does not get maturity amoUntk. lump sum. What is the possibility of receiving it in instalments ifI is not  annuity plan?
[A]. He has switched his fund [B].He has opted for settlement option
[C].He hasredirected his past premium [D]. Policy was lapsed at the time of maturity

Question-6 :

Ajay is 35 years old and works for a multinational corporation (MNC). He has a ten-year-old son, Vijay, whom he dreams will one day become a doctor. Ajay’s spouse is a housewife, and his parents are retired and dependent on him. Ajay has a home loan of 40
[A]. term plan [B].health plan
[C].endowment plan [D]. traditional plan

Question-7 :

The amount of insurance depends on
[A]. The penil [B].The risk
[C].Neither the penil nor the risk [D]. Both the penil and the risk

Question-8 :

 Open market option under annuity policy would extend which of the following benefit
[A]. Ensure better annuity rate [B].Increase in range
[C].increase in return [D]. Switch of funds
 E-Sales lefers to sales of insurance product through
[A]. Insurance broker [B].Individual agent
[C].Bancassurance [D]. Internet

Question-10 :

What is the minimum age of the customer for entering the  Insurance contract?
[A]. 16 years [B].17 years
[C].18 years [D]. 21 years

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