Monday, 2 September 2019

lic agent IC-38 exam set-37

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-37

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-37

Question-1 :

Moral hazard is
[A]. History of heart disease [B].Working in chemical factory.
[C].Consuming alcohol [D]. Teacher in primary school

Question-2 :

Critical illness rider was taken and the rider benefit has been claimed , the rider benefit now gets
[A]. Reduced the  base SA [B].terminated
[C].continues as it is [D]. will discontinue for 1 months

Question-3 :

 Principle of Indemnity applicable to
[A]. Life Insurance [B].General Insurance
[C].Both a & b [D]. Neither a nor b

Question-4 :

A person takes a pension plan for 15 year term with Rs. 20,000 premium and S. of Rs. 3 la What would be the tax implication on maturity value at the time of maturity?
[A]. NIL [B].0.1
[C].0.2 [D]. 0.3

Question-5 :

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-6 :

What is the advantage of converting physical gold assets to gold ETFS Liquidity
[A]. Liquidity [B].More gold in value
[C].Purity [D]. More conversion value

Question-7 :

When will the Principle of Utmost Good faith apply in Term insurance plan?
[A]. Throughout the policy contract [B].before premium deposit
[C].before receiving policy document [D]. After receiving the policy document

Question-8 :

Kamal is willing to pay Rs. 60,000 p for his ulip policy. What should betheSAin case he wants to avail the tax benefits?
[A]. 1 lac [B].3 lac
[C].2 Iac [D]. 1.5 lac
 Earning Pooling of risk in insurance means
[A]. Premium collected & deposited in a pool [B].All similar risks are pooled together
[C].Premium is pool to make claim [D]. Contribution of insurance company

Question-10 :

Mr. Sumesh takes a policy and pays premium Rs. 20,000with• sum insured of Rs. 3 lac what will be the tax implication on hi: maturity amount
[A]. Fully taxable [B].0.1
[C].0.2 [D]. tax fully exempted

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