Monday, 2 September 2019

lic agent IC-38 exam set-34

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-34

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-34

Question-1 :

In which kind of policy the insurable interest should exist at the time of claim only
[A]. Motor insurance [B].Marine insurance
[C].Liability insurance [D]. Travel insurance

Question-2 :

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-3 :

 Shanker an advisor sold a term insurance and ULIP to Amar, ths client who is unmarried with no dependent, Shan ker action woul: be     
[A]. Underselling of insurance policy [B].Churning
[C].Overselling of insurance policy [D]. Ethical practice

Question-4 :

Husband and wife jointly taking insurance policy what is the reason that they need not mention nominee under this insurance policy
[A]. Whole life [B].Return of premium
[C].Joint Life Policy [D]. Endowment policy

Question-5 :

 Which is the training institute for providing training to insurance agents?
[A]. Insurance Institute of India [B].IRDA
[C].RBI [D]. SEBI

Question-6 :

A & B in enters into a Contract & B accepts the Contract with a condition. Will this be considered as a Contract Between A & B?
[A]. Contract is created only when the acceptance isunconditional. [B].Contract is created only when the acceptance isconditional.
[C].Both are Correct [D]. Both are Incorrect

Question-7 :

The agents duties and responsibility ends
[A]. When the clients policy is issued [B].When the clients needs have been established
[C].When the nominee has changed [D]. When the maturity claimissettled

Question-8 :

 A Client can reject a policy after how many days of receiving the same.
[A]. 30 [B].15
[C].50 [D]. 20
Regulation issued by IRDA required that the decision on the proposal must be conveyed to the proposer within
[A]. 15 days [B].20 days
[C].1 month [D]. no time bar

Question-10 :

On Maturity of an insurance policy only 25% of the amount can is pai This is due to
[A]. It is assigned [B].It is a money back policy
[C].It is paid up [D]. Any one of the above

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