Monday, 2 September 2019

lic agent IC-38 exam set-49

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-49

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-49

Qusetion : 1

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

Qusetion : 2

Which of the below is a condition of assignment ?
[A]. It is necessary that the assignment be supported by valuable consideration, which may include love and affection. [B]. The person executing it (the assignor) must have absolute right and title or assignable interest to the policy being assigne
[C]. It is imperative that the assignment is not opposed to any law in force. For example the assignment of a policy to a foreign national residing in another country may contravene exchange control regulations. [D]. All of the above

Qusetion :3

Identify the incorrect statement with regards to a ‘qualified’ prospect.
[A]. A qualified prospect is one who can be approached on a favourable basis [B]. A qualified prospect is one who can pay for insurance
[C]. A qualified prospect is one who is academically well qualified to buy insurance [D]. A qualified prospect is one who can pass the company underwriting Requirements

Qusetion : 4

Insurance refers to protection against an event that _______________happen whereas Assurance refers to protection against an event that ________________ happen.
[A]. might, will [B]. may, may not
[C]. must, need not [D]. will, will not

Qusetion : 5

Insurance Contract without any  Insurable Interest  will result?
[A]. Wagering Contract [B].Void Contract
[C].Legal Contract [D]. All of the above

Qusetion : 6

Insurance benefits
[A]. Individuals [B].The society
[C].The country [D]. All the three

Qusetion : 7

Which risk is associated with those events which are not in control of an individual .and no possibility of making profit
[A]. Pure risk [B].Financial risk
[C].Particular-risk [D]. Insurable risk

Qusetion : 8

Jay buys a policy on the life of Nazi Who is Jay?
[A]. Life Assured [B].Proposer
[C].Nominee [D]. Appointee

Qusetion : 9

Which of following refers to specific event which might cause a loss
[A]. Peril [B].Physical hazard
[C].Hazard [D]. Uncertainty

Qusetion : 10

In a fact find, a couple discovered their need to be estate planning? In what life stage will they be in?
[A]. Married [B].Married with older children
[C].Married with children [D]. Retirement

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