Sunday, 17 November 2019

lic agent IC-38 exam set-52

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-52

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-52

Qusetion : 1

_______________ can be described as an insurance policy taken out by a business to compensate that business for financial losses that would arise from the death or extended incapacity of an important member of the business.
[A]. MRI [B]. Joint Life Insurance
[C]. Credit Life Insurance [D]. Keyman Insurance

Qusetion : 2

Arbitration is a claim settlement process done ___________________
[A]. Insurance Company [B]. In the court of law
[C]. By a group of surveyors [D]. By abritator (s) chosen by the parties involved

Qusetion :3

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

Qusetion : 4

Advisor motivate the client to surrender the existing Endowment plan and buy new Whole life policy for gaining higher commission, is the example of?
[A]. switching [B].Revisit the financial planning
[C].Building long term relations [D]. Churning

Qusetion : 5

Mr. Gupta is recently detected with lung cancer. He would like take an insurance. Wht is your suggestion?
[A]. Time of death is uncertain, so insurance can be given [B].He can take insurance after submitting health certificate
[C].only lung is affected so health insurance can be given [D]. Cannot be given insurance for health reason

Qusetion : 6

An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is the limits
[A]. 0.1 [B].He cannot offer any commission
[C].0.2 [D]. He can offer up to 50%

Qusetion : 7

Moral hazard reflects the
[A]. Intentions and attitude of proposer [B].Occupation and residence of proposer
[C].Habits and Hobbies of proposer, [D]. Medical and personal history of proposer

Qusetion : 8

Two endowment policies A and B are issued in the same time on the quarterly mode. In both the policies 22 quarterly installments are pai Both are surrendered immediately after paying 22nd installment. But in policy A surrender value is significantly hig
[A]. Term of A policy is higher than B policy [B].Policy A is assigned and B is not assigned
[C].Term of B policy is higher than A policy [D]. Policy B is assigned and A is not assigned

Qusetion : 9

Moral hazard reflects the
[A]. Intentions and attitude of proposer [B].Occupation and residence of proposer
[C].Habits and Hobbies of proposer, [D]. Medical and personal history of proposer

Qusetion : 10

Payment/investments in Kisan Vikas Patra under post office scheme is done
[A]. Regularly with no fixed term [B].Lump sum for fixed period of time
[C].Lump sum with no fixed term [D]. Regularly for fixed period of time

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