Monday, 2 September 2019

lic agent IC-38 exam set-50

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-50

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-50

Qusetion : 1

The application document used for making the proposal is commonly known as the __________.
[A]. Registration form [B]. Proposal form
[C]. Application form [D]. Subscription form

Qusetion : 2

Anil, 20 years old,is Secondary passe He is staying in a Urban are Can he get a License for Insurance agency ?
[A]. No, because the minimum qualification for urban area is 12th standard [B]. Yes, he meets all criteria
[C]. No, because the minimum age for urban area is 21 years [D]. NO, because he is staying in urban are

Qusetion :3

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

Qusetion : 4

Purchase of insurance is based on :
[A]. Fear and anxiety [B]. Immediate pleasure
[C]. Both of the above [D]. None of the above.

Qusetion : 5

Both the parties 'a contract must agree and understand the same thing and in the same sense which is called
[A]. Consideration [B].Consensus ad idem
[C].Legality of object. [D]. Acceptance

Qusetion : 6

In which kind of policy the insurable interest should exist at the time of claim only
[A]. Motor insurance [B].Liability insurance
[C].Marine insurance [D]. Travel insurance

Qusetion : 7

According to Insurance broker association of India, what is the most appropriate relationship between insurer and broker
[A]. Insurance broker represents the client and insurer, remunerate the broker [B].Insurer represent both client and broker remuneration
[C].The client represents broker and insurer remunerate broker [D]. Broker only .service the client

Qusetion : 8

After maturity in a ULIP customer does not get maturity amoUntk. lump sum. What is the possibility of receiving it in instalments ifI is not  annuity plan?
[A]. He has switched his fund [B].He hasredirected his past premium
[C].He has opted for settlement option [D]. Policy was lapsed at the time of maturity

Qusetion : 9

Changes in policy can be made by
[A]. Issuing a new policy [B].Corrections on the policy
[C].Endorsement [D]. Not allowed

Qusetion : 10

Breach of duty of utmost good faith
[A]. Nondisclosure of material facts [B].Fraudulent presentation
[C].concealment of material facts [D]. All above

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