Monday, 2 September 2019

lic agent IC-38 exam set-36

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-36

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-36

Question-1 :

Ram has invested Rs. 5000 in PPF and Rs. 1 lac in life insuranc premium in which he will get maximum tax benefit
[A]. Life insurance premium [B].PPF
[C].50% on each [D]. 95% on life insurance and 5% on PPF

Question-2 :

Income replacement methods equates human life value (HLV) to
[A]. Future value of present earning [B].Present value of future earning
[C].Present value of previous earning [D]. Future value of previous earning

Question-3 :

An insurer as a trustee, to give priority to
[A]. Policyholders, as a class [B].An individual policyholder's difficulties
[C].The claimant's financial condition [D]. All of the above

Question-4 :

 Term insurance if best suited for the following need
[A]. home loan [B].education needs
[C].marriage of kids [D]. Retirement  needs  

Question-5 :

Aprofessional insurance marketcarnies
[A]. Need based selling [B].Product based selling
[C].Commission based selling [D]. Company based selling

Question-6 :

If 50000 is invested in Single Premium ULIP than what will be the minimum SA applicable?
[A]. 50000 [B].75000
[C].62500 [D]. 100000

Question-7 :

Purpose of taking life insurance would be
[A]. To save tax [B].Saving habit
[C].Investment [D]. Protection

Question-8 :

What tax rate, if any, will be applicable to a life insurance policy holder for the maturity proceeds of a Rs 50,000 life insurance policy 
[A]. 0.1 [B].Nil
[C].0.2 [D]. 0.3
The probability of an event is mentioned
[A]. As a ratio [B].As a percentage
[C].Neither as a percentage nor as a ratio [D]. Either is a percentage or as a ratio

Question-10 :

 In unde riting the economic value of the person is determined be wgat
[A]. Occupation of the person [B].Financial history of his family
[C].The income that he earns [D]. Human life value

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