Monday, 2 September 2019

lic agent IC-38 exam set-42

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-4

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-42

Question-1 :

The second component of the policy document is made up of ___________________________ , which are normally present in all life insurance contracts, unless specifically excluded.
[A]. Standard Provisions [B]. Specific Policy Provisions
[C]. Exclusions [D]. Policy schedule

Question-2 :

An example of a fact which need not be disclosed unless asked for is __________________ by the insurer for life insurance.
[A]. Age of the insured [B]. Other Insurance details
[C]. Heart ailment [D]. Insuring with an insurance company

Question-3 :

A Policy was taken under MWP Act from XY company in Tamilnadu, but trustee was not appointed. The family has move to Delhi. If a claim arises under the policy at Delhi, then it will be paid to
[A]. Official trustee of Delhi [B]. Official trustee of Tamilnadu
[C]. Official trustee of Mumbai(Head Office of XYZ company) [D]. None of the above.

Question-4 :

A person has taken a policy under MWP Act for the benefit of his spouse and children. Here the trustee can be _
[A]. Any person appointed by the Policy holder [B]. Bank
[C]. Spouse or children(Major) [D]. All of the above

Question-5 :

Each insurer is required to have an AML policy and accordingly file a copy with IRDA. The AML program should include:
[A]. Appointment of a principal compliance officer [B]. Internal policies, procedures and controls
[C]. Recruitment and training of agents on AML measures [D]. All of the above

Question-6 :

Anil wants to invest in wealth Accumulation Products. In Below of the which product he should invest.
[A]. Bank FD [B]. Life Insurance
[C]. Shares [D]. General Insurance

Question-7 :

Which of the following is not correct, when a claim under MRI is initiated ?
[A]. The money is paid to the borrower and he has to repay to the creditor [B]. MRI and term insurance does not give the same benefits
[C]. The money is paid to the mortgagor directly [D]. The money paid is equal to the outstanding loan amount

Question-8 :

Which of the below condition would generally be sought when considering insurance for minors ?
[A]. Proper family history and personal history [B]. Whether they have a properly developed physique
[C]. Whether the family is adequately insured [D]. All of the above
Which of the below is a query asked before settlement of a claim in General Insurance ?
[A]. Did the loss really happen? [B]. Did the loss making event really cause the damage?
[C]. what was the reason for the loss? [D]. All of the above

Question-10 :

Which is the condition for transfer of license of agent from one insurer to other
[A]. Agents shall achieve the minimum business requirements laid down by their respective parent insurance companies. [B]. Agent must be active in last month before transfer
[C]. Agent must be inactive for last six months [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 ...