lic agent IC-38 exam set-31

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

Thank you for taking part in online test

Test your Preparation

• Home
• 30
• 31
• 32
• 33
• 34
• 35
• 36
• 37
• 38
• >>>

IC-38 Online Mock Test for LIC agency Exam preparation SET-31

Question-1 :

Insurance works on the principle of
[A]. Mutual help	[B].charity
[C].Both of the above	[D]. Neirther of the above

Question-2 :

The sole focus during a clients fact-find session was health care 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

Question-3 :

To identify suitable products their main features and their tax treatment is role of
[A]. Agent	[B].Insured
[C].Pelicyholder	[D]. Insured person

Question-4 :

Insurance is necessary because
[A]. Assets deprciate over time and through usage	[B].Assets may be damagedby external causes
[C].Name of the above reasons	[D]. None of the above reasons

Question-5 :

In which of the recognised life stages an indivlducl does not required any protection cover
[A]. Childhood	[B].Young married
[C].Pre retirement	[D]. Retirement

Question-6 :

With profit policies can be given to
[A]. surety	[B].keyman
[C].partner	[D]. Individual

Question-7 :

Insurance is meant to
[A]. Prevent specified events	[B].prevent damage to assets from  specified events
[C].compensate for losses from specified events	[D]. Rebuild the assets lost because of specified events

Question-8 :

If customer has invested money in a pension plan from compafl A and buys an annuity from company B what is the nature transaction?
[A]. Lifelong annuity	[B].Open market
[C].Reinsuring annuity	[D]. Deferred annuity

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-10 :

What are the benefits in investing in insurance plans ?
[A]. In Family Protection	[B].Child education & marriage planning
[C].Retirement planning	[D]. All of the above

Click on Finish/Submit to View Your Score

Click on below links to practce more sets

• Home
• 30
• 31
• 32
• 33
• 34
• 35
• 36
• 37
• 38
• >>>

********************************************

Click >>Go to Next Set>>>

********************************************

• IC-38 LIC agency Exam preparation | SET-30
• IC-38 LIC agency Exam preparation | SET-31
• IC-38 LIC agency Exam preparation | SET-32
• IC-38 LIC agency Exam preparation | SET-33
• IC-38 LIC agency Exam preparation | SET-34
• IC-38 LIC agency Exam preparation | SET-35
• IC-38 LIC agency Exam preparation | SET-36
• IC-38 LIC agency Exam preparation | SET-37
• IC-38 LIC agency Exam preparation | SET-38
• IC-38 LIC agency Exam preparation | SET-39