Sunday, 17 November 2019

lic agent IC-38 exam set-58

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-58

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-58

Qusetion : 1

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]. Insurance Act
[C]. Stamp Act [D]. Income Tax

Qusetion : 2

_____________________________: The insured must also pay any outstanding policy loan or reinstate any indebtedness that may have existe
[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

Qusetion :3

_________________ is not a source of information for underwriter.
[A]. Pre- acceptance risk survey of the asset [B]. Proposal form
[C]. Annual accounts of the proposer [D]. Registration Certificate of the insurer

Qusetion : 4

What ever riding criteria an insurance, agent consider whil proposing a solution
[A]. Risk [B].Flexibility
[C].Suitability [D]. Cost

Qusetion : 5

Higher persistency to the insurer ensures what ?
[A]. More productivity [B].Higher Profits
[C].Higher attrition [D]. Higher S.A

Qusetion : 6

Ramesh wants to buy 15 years pension plan for retirement while calculating gaps required at the end the gratuity amount was completely ignored because  he is
[A]. self employed [B].Savings are significantly higher
[C].Widower [D]. Govt employee

Qusetion : 7

Which type of questioning is very useful to gather information from clients?
[A]. Close ended question [B].Interrogative question
[C].Open ended question [D]. Clarification question

Qusetion : 8

In term Insurance how peril & Hazard are distinguished?
[A]. Perils are risk that policyholders will die before in specified date and hazards are factors which could influence that risk [B].Peril are factors which affects the risk being insured and hazards are the size of the risk being insured
[C].Perils are medical factors which influence the risk of dying and hazard are lifestyle activities which influence the risk of dying [D]. Peril are factors which could influence an insured event occuring and hazard are the actual events which will triger a payout

Qusetion : 9

Fact find process helps to
[A]. Ensure a salesIs achieved [B].Create an audit trail for future complaints
[C].Identify client need [D]. Provide regulatory body about agents database

Qusetion : 10

In case the customer has stopped making payment for U premium of the policy what are two most important thing requiri in order to reinstate the policy
[A]. Reinstatement fee and proof of good health [B].Only health certificate
[C].Premium cheque and health declaration [D]. Premium cheque with arrear

Click on Finish/Submit to View Your Score






Click on below links to practce more sets




********************************************

Click >>Go to Next Set>>>

********************************************

at
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

LIC IC-38 EXAM in HINDI SET-30

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus in HINDI # SET-30 ...