Tuesday, 20 August 2019

lic agent IC-38 exam set-23

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-23

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-23

Question-1 :

A Policy holder takes a insurance contract for 30 years and the SA reduces after 25 years what could be  the likely reason
[A]. No bonus accumulated  [B].Age proof was substantially wrong
[C].Policy has become paid up  [D]. Its a ULIP Plan

Question-2 :

A customer while investing in a recurring deposit or cumulative deposit what are the key factors which will matter
[A]. Taxation [B].Frequency of payment
[C].Interest rates [D]. Tenures

Question-3 :

In cumulative bank deposit the interest unit is normally compound on what basis
[A]. Monthly [B].Quarterly
[C].Half yearly [D]. Annually

Question-4 :

The bussiness of insurance affects
[A]. Availability of capital for bussiness [B].The life span of individuals
[C].The safety of equipments in factories [D]. All these three

Question-5 :

A person retiring within 3 months need return as pension. What kind of investment plan he need to choose.
[A]. Immediate Annuity [B].Deferred Annuity
[C].Anticipated Endowment [D]. ULIP

Question-6 :

Rahul switch from direct holding of shares to equity based mutual funds. The impact on risk  would be
[A]. Less transparent [B].More diversified
[C].Less return [D]. Steep rise

Question-7 :

 An agent is intermediary between
[A]. Client and insurance company [B].Insurance Company & IRDA
[C].Client and IRDA [D]. Insurance and Reinsurance Company

Question-8 :

What is similarity between recurring deposits and cumulati deposit in a bank
[A]. Guarantee [B].Taxation
[C].Tenure [D]. Lock in periods
 The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is
[A]. Ask the insurer to give a policy endorsement letter [B].From the fact details
[C].From signed copy of benefit illustration [D]. From ticked columns of proposal form

Question-10 :

During claim insurer deduct Rs. 10,000 in spite of having  no Lien and all due premiums are paid. What are the other reason for deducting the same?
[A]. Premium Rate increase [B].Loan facility
[C].Mode of Payment [D]. Loading

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