lic agent IC-38 exam set-32

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-32

Question-1 :

Transfer of Insurance from Insurance Companies is done in favour of
[A]. Bancassurance	[B].TPA
[C].Reinsurance	[D]. Actuaries

Question-2 :

A Person Need to do Estate Planning when
[A]. Young Person	[B].30-40 years age group
[C].Married	[D]. About to get retired

Question-3 :

The code of conduct has been prescribed in India by
[A]. IRDA	[B].insurance council
[C].Insurance lnstt. of India	[D]. Govt. of India

Question-4 :

Which plan should an agent suggest
[A]. A Plan based on needs to  the Client	[B].A plan based on paying capacity of the client
[C].A Plan based on the clients dreams	[D]. None of the Above

Question-5 :

The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is
[A]. Ask the insurer to give a policy endorsement letter	[B].From the fact details
[C].From signed copy of benefit illustration	[D]. From ticked columns of proposal form

Question-6 :

Life insurance is arranged because
[A]. some one may die	[B].Some one may live
[C].Of both the above reasons	[D]. Of neither of the above reasons

Question-7 :

34. 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

Question-8 :

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

For an insurance agent, a low persistency ratio means
[A]. Loss of renewal commission	[B].High client satisfaction
[C].Higher reputation	[D]. More earning of first year commission

Question-10 :

Insurance works on the principle of
[A]. Equal contributions	[B].Proportional contributions
[C].Contributions dependent on affordability	[D]. None of the above

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