Monday, 2 September 2019

lic agent IC-38 exam set-43

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-43

Online IC-38 Mock Test and training material for LIC agency

Test your Preparation


IC-38 Online Mock Test for LIC agency Exam preparation SET-43

Question-1 :

Cost of the risk is product of which of the following 2 factors:
[A]. Happenings and result [B]. Insurance and Assurance
[C]. Cause and effect [D]. Probability and impact

Question-2 :

As per the _______________, an agent is one who is licensed under Section 42 of the Act, authorized to be a salesman for insurance
[A]. Indian Contract Act [B]. Stamp Act
[C]. Insurance Act [D]. Income Tax

Question-3 :

What is TAT ?
[A]. Turn around Time [B]. Time and Turn
[C]. Till a Time [D]. Time and Tide

Question-4 :

Policy which covers loss or damage to aircraft is _____
[A]. Statutory liability [B]. Property Insurance
[C]. Aviation Insurance [D]. Money Insurance

Question-5 :

Direct marketing involves which of the below ?
[A]. Insurance agents [B]. Bank assurance
[C]. Mail marketing [D]. All of the above

Question-6 :

_____________________________: The insured must also pay any outstanding policy loan or reinstate any indebtedness that may have existed.
[A]. No increase in risk for insurer [B]. Payment of overdue premiums with interest
[C]. Payment of outstanding loan [D]. Revival application within specific time period

Question-7 :

Agents and corporate agents desiring to offer their services to AIC
[A]. Shall submit "No Objection Certificate" obtained from their parent life insurer [B]. Shall complete fifty hrs mandatory training for crop insurance
[C]. Must transfer their license form life insurer to non-life insurer [D]. Shall submit "No Objection Certificate" obtained from their parent general insurer

Question-8 :

Purchase of insurance is based on :
[A]. Fear and anxiety [B]. Immediate pleasure
[C]. Both of the above [D]. None of the above.
Employees compensation Insurance is also known as _
[A]. Workman's compensation Insurance [B]. Factory Compensation Insurance
[C]. Fire Insurance [D]. Money Insurance

Question-10 :

Suresh has adequate reserve capital with him and he wishes to protect his income, moreover he feels that if he does not die than he would need the amount what type of plan should he opt for
[A]. Term insurance plan [B].Endowment plan
[C].Return of premium plan [D]. Pension plan

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