Tuesday, 20 August 2019

lic agent IC-38 exam set-27

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-27

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

Test your Preparation


IC-38 Online Mock Test for LIC agency Exam preparation SET-27

Question-1 :

Under S 80C the maximum tax deduction that can be gainpremium paid Rs._in a financial year
[A]. Rs. 75,000 [B].Rs. 1, 10,000
[C].Rs. 1,20,000 [D]. Rs. 1,00,000

Question-2 :

Both the parties 'a contract must agree and understand the same thing and in the same sense which is called
[A]. Consideration [B].Legality of object.
[C].Consensus ad idem [D]. Acceptance

Question-3 :

Life insurance is better than other avenues of saving in respect of
[A]. Appricaition [B].Tax benefits
[C].userfulness in emergency [D]. All the above

Question-4 :

 Changes in policy can be made by
[A]. Issuing a new policy [B].Endorsement
[C].Corrections on the policy [D]. Not allowed

Question-5 :

According to Insurance broker association of India, what is the most appropriate relationship between insurer and broker
[A]. Insurance broker represents the client and insurer, remunerate the broker [B].The client represents broker and insurer remunerate broker
[C].Insurer represent both client and broker remuneration [D]. Broker only .service the client

Question-6 :

 36. Perceived needs are
[A]. Short term needs [B].Imagined to be important by advisor
[C].Imagined to be important by client [D]. Long term needs

Question-7 :

Benefit illustrations given to a customer quantifies an amount by which investment return is reduced. This reduction reflect the impact of
[A]. Charges [B].Interest
[C].Inflation [D]. Taxation

Question-8 :

Fact find process helps to
[A]. Ensure a salesIs achieved [B].Identify client need
[C].Create an audit trail for future complaints [D]. Provide regulatory body about agents database
What ever riding criteria an insurance, agent consider whil proposing a solution
[A]. Risk [B].Suitability
[C].Flexibility [D]. Cost

Question-10 :

An insurer, as a trustee, has to ensure that
[A]. The life fund is safe [B].The life fund earns the maximum interest
[C].Both of the above [D]. Neither of the above

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