Tuesday, 20 August 2019

lic agent IC-38 exam set-24

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-24

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-24

Question-1 :

The amount payable under a life Insurance policy depends on
[A]. The income pf the insured person at the time of the claim [B].The income of the insured person When he took the insured
[C].The amount of the sum assured [D]. None of the above

Question-2 :

What facility do insurers use to cover risks beyond their exposure limits
[A]. Bancassurance [B].Reinsurance
[C].Both a & b [D]. Neither a nor b

Question-3 :

 Prashant buys an endowment plan with a SA Rs. I lac an to make use of tax benefit under the policy for whole S. much premium would help him avail this benefit-
[A]. Less than Rs. 10,000 [B].More than Rs. 10,000
[C].Less than Rs. 20,000 [D]. More than Rs. 20,000

Question-4 :

What frequencies can one take in annuity
[A]. monthly,quarterly,half yearly, yearly [B].fortnightly,quarterly,monthly,yearly
[C].fortnightly, monthly ,half yearly, yearly [D]. None of the above     

Question-5 :

Which market areas do Micro Insurance product concentrate
[A]. People with large families [B].people with low income
[C].people employed with the government [D]. people with high income

Question-6 :

 Which statement is correct?
[A]. lung cancer is peril and smoking is a hazard [B].smoking is peril and lung cancer is hazard
[C].Both the statement is correct [D]. Both the statement is incorrect

Question-7 :

 What is IRDA stands for & year of Incorporation
[A]. Insurance Regulatory and Development Authority (IRDA) . The IRDA was incorporated as an autonomousbody in April 1999 [B].Insurance Regulatory and Development Authority (IRDA) was constituted in 1956
[C].IRDA is an independent body constituted to address the grievances of the insurance policy holder [D]. None of the above

Question-8 :

Payment/investments in Kisan Vikas Patra under post office scheme is done
[A]. Regularly with no fixed term [B].Lump sum with no fixed term
[C].Lump sum for fixed period of time [D]. Regularly for fixed period of time
 An agent is intermediary between
[A]. Client and insurance company [B].Insurance Company & IRDA
[C].Client and IRDA [D]. Insurance and Reinsurance Company

Question-10 :

  Relation between insurer and Broker means
[A]. Client represents the broker and the insurer remunerate the broker [B].Insurer represent both client and broker remuneration
[C].Broker represent the client and insurer remunerate the broker [D]. Brokerserve the client

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