lic agent IC-38 exam set-35

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IC-38 Online Mock Test for LIC agency Exam preparation SET-35

Question-1 :

Policy having two nominees what should be the minirT allocation
[A]. Each nominee to get minimum 10%	[B].Each nominee to get minimum 25%
[C].First nominee to get more than second nominee	[D]. No such condition

Question-2 :

A policy has been rejected by the company under direct intimation to the customer and copy to agent what is the next action of agent
[A]. He has to inform the customer that company has broken relationship	[B].He plans to change the plan
[C].He has to explain the reasons for rejection to the customer	[D]. He takes up with the higher auth.

Question-3 :

Mrs. Hansa, an agent has planned to sell maximum product within a short span of time by giving maximum rebates tocustomer to complete the context target of the company. Her action
[A]. Will benefit both the company and the customer	[B].Reputation of the company will be high due to offers to the customer
[C].Agent will be terminated	[D]. Agent will be qualified for the contest

Question-4 :

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-5 :

What is the period of award passed to the customer decided by ombudsman?
[A]. 2months	[B].3 months
[C].5 months	[D]. 6 months

Question-6 :

As per the norms of risk assessment by U/W both the parents of a policy holder died in their early 30s due to Heart disease, what is the risk assessed
[A]. Moral Hazard	[B].Medical Hazard
[C].Physical Hazard	[D]. Occupational Hazard

Question-7 :

Complaint council bodies other than IRDA grievance readdress forum & COPA
[A]. Ombudsman	[B].Insurance Institute of India
[C].Insurance Association	[D]. FERA

Question-8 :

Mr. A wants insurance cover . But he is drinks alcohol frequently . What kind of hazard you may categorize?
[A]. Physical hazard	[B].Moral Hazard
[C].financial risk	[D]. Pure risk

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

Question-10 :

TWO FRIENDS HAVE TAKEN SAME POLICY BUT THEIR PREMIUMS ARE DIFFERENT WHY?
[A]. AGE	[B].MEDICAL
[C].SA	[D]. ALL THE ABOVE

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