Tuesday, 20 August 2019

lic agent IC-38 exam set-25

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-25

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-25

Question-1 :

What are the Special features of Health plan?
[A]. Covers disease expenses [B].Helps in Tax Benefits
[C].covers hospitalization cost [D]. All of the above

Question-2 :

 A policy has been rejected by the company under direct intimation to the customer and copy to the Agent, what is the next action of the Agent
[A]. he has to inform the customer that the co has broken relationship with the customer [B].he plans to change the plan
[C].He has to explain the reasons for rejection to the customer [D]. He takes up with the higher authorities

Question-3 :

How riders will help the customer in life insurance
[A]. Allow policy holders to customise their insuranceCoVerW addl. benefit [B].Rider is like aclause
[C].Operative clause [D]. Rider is like preamble

Question-4 :

Board of Insurance is related to
[A]. SEBI [B].IRDA
[C].Insurance Association [D]. None of the above

Question-5 :

In term Insurance how peril & Hazard are distinguished?
[A]. Perils are risk that policyholders will die before in specified date and hazards are factors which could influence that risk [B].Perils are medical factors which influence the risk of dying and hazard are lifestyle activities which influence the risk of dying
[C].Peril are factors which affects the risk being insured and hazards are the size of the risk being insured [D]. Peril are factors which could influence an insured event occuring and hazard are the actual events which will triger a payout

Question-6 :

Ramkumar is habitual car racer. What kind of hazard is this?
[A]. Physical hazard [B].Fraudulent representations
[C].Moral hazard [D]. Peril

Question-7 :

An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is the limits
[A]. 0.1 [B].0.2
[C].He cannot offer any commission [D]. He can offer up to 50%

Question-8 :

The sole focus during a client’s fact-find session was healthcare requirements and estate planning. Which main life stage is he most likely to fall into?
[A]. Young married couple [B].Young married with children.
[C].Pre-retirement. [D]. Retirement
 In case the customer has stopped making payment for U premium of the policy what are two most important thing requiri in order to reinstate the policy
[A]. Reinstatement fee and proof of good health [B].Premium cheque and health declaration
[C].Only health certificate [D]. Premium cheque with arrear

Question-10 :

 Two endowment policies A and B are issued in the same time on the quarterly mode. In both the policies 22 quarterly installments are paid. Both are surrendered immediately after paying 22nd installment. But in policy A surrender value is significantly hig
[A]. Term of A policy is higher than B policy [B].Term of B policy is higher than A policy
[C].Policy A is assigned and B is not assigned [D]. Policy B is assigned and A is not assigned

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