Sunday, 17 November 2019

lic agent IC-38 exam set-53

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-53

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-53

Qusetion : 1

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

Qusetion : 2

 Insurance is helps to
[A]. Reduce the consequence of adverse situations [B].Ensure that assets never breakdown
[C].Guarantee that assets are always procutive [D]. Do all of the above

Qusetion :3

Shankar bought a 10 year Unit Linked Insurance Plan. If he dies before the maturity of the policy which of the below will be paid ?
[A]. Surrender value [B]. Premiums paid will be returned with 2% higher interest rate as compared to
[C]. Lower of sum assured or fund value [D]. Higher of sum assured or fund value

Qusetion : 4

An Insurance agent, after applying for license can be disqualified under section__
[A]. Section 44 [B]. Section 41
[C]. Section 42, sub section (4) [D]. None of the above

Qusetion : 5

 Ajay is 35 years old and works for a multinational corporation (MNC). He has a ten-year-old son, Vijay, whom he dreams will one day become a doctor. Ajay’s spouse is a housewife, and his parents are retired and dependent on him. Ajay has a home loan of 40
[A]. term plan [B].endowment plan
[C].health plan [D]. traditional plan

Qusetion : 6

What period of time a client has to be invested to get tax benefit under postal scheme?
[A]. 10 Years [B].6 years
[C].8 years [D]. 5 years

Qusetion : 7

Open market option under annuity policy would extend which of the following benefit
[A]. Ensure better annuity rate [B].increase in return
[C].Increase in range [D]. Switch of funds

Qusetion : 8

Benefit illustrations given to a customer quantifies an amount by which investment return is reduce This reduction reflect the impact of
[A]. Charges [B].Inflation
[C].Interest [D]. Taxation

Qusetion : 9

Alumpsum withdrawal allowed as commutation in pension plan is
[A]. 1/3 of accumulated fund [B].1/2 of accumulated fund
[C].114 of accumulated fund [D]. Full withdrawal is allowed

Qusetion : 10

 An insurer, as a trustee, has to ensure that
[A]. The life fund is safe [B].The life fund earns the maximum interest
[C].Both of the above [D]. Neither of the above

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