Tuesday, 20 August 2019

lic agent IC-38 exam set-32

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