Tuesday, 20 August 2019

lic agent IC-38 exam set-29

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-29

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-29

Question-1 :

Policies as he was regularly paying the premium. What is your suggestion?
[A]. Due to regular premium he can take loan from both the policies [B].He can surrender whole life and take loan.from money back policy
[C].No loan from money back but can take loan from whole life [D]. He can't take loan from whole life policy but can avail loan from money back policy

Question-2 :

An agent reveals his commission received from insurance sale$ to X and Y. Both plans are of same duration. Why is commission ofXa higherthan that ofY
[A]. X' has bought other limited premium product [B].Y' has bought a single premium product
[C].‘X’ is married [D]. Y' is single

Question-3 :

 Ramlal is an insurance policyholder. He has recently shifted his home from New Delhi to Noid He wants the address to be change This change in policy document will be effective through?
[A]. Terms & condition [B].Preamble
[C].Endorsement [D]. Schedule

Question-4 :

 41. Amit & Rashmi are newly marrie Both are working couple,Thl want to invet their savings 1,00,000 annually to build corpu$ I make down payment for their house in 5 years from noW,A adviser sold them a Uhp to meet their requirement this may resUlt I
[A]. Ruining the long term reputation of company [B].Opportunity of new business for adviser
[C].Bad reputation of individual adviser [D]. Financial burden on the couple

Question-5 :

Responsibility for classification and analysis of proposal form Iii with whom?
[A]. Risk analysis department [B].Classification of risk deptt.
[C].Underwriter [D]. Actuary who analysis the risk

Question-6 :

Without submitting any form of claim, a life insurance policy holder received payments of maturity then what  type of policy he is holding
[A]. ULIP [B].Term
[C].Money Back [D]. Health

Question-7 :

Mr. Santash is head master and is 52 yrs old. He wants insuran cover for Rs. I crore. He proposes his brother's son as nomin not his wife underwriter will verify
[A]. A physical hazard, as he is old [B].Moral hazard as he is 52 yrs and wife is not nominee
[C].Moral hazard as coverage is high and brother's son nomwiee [D]. Moral hazard as he is head master and 52 yrs oldj

Question-8 :

The rates of assumed annual growth to be shared in the benefit illustration has been decided by which of the authority
[A]. IRDA [B].Life insurance council
[C].The Royal Bank [D]. SEBI
While calculating HLV with future income, number of years work, increments in salary what is also to be taken in to accouni
[A]. Inflation [B].Interest
[C].Discount rate [D]. Compounding

Question-10 :

A human being
[A]. Is an economic assest [B].Is an income earning assets
[C].Is a perishable asset [D]. All the above

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LIC IC-38 EXAM in HINDI SET-30

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