Sunday, 17 November 2019

lic agent IC-38 exam set-59

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-59

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-59

Qusetion : 1

under IRDA Guidelines, which of the following policies does not fall under internal tariff rated products?
[A]. Burglary insurance [B]. Fidelity insurance
[C]. Personal accident insurance [D]. Group health insurance

Qusetion : 2

Insurers, hence, need to determine the true identity of their customers. Agents should ensure that proposers submit the proposal form along with the following as part of the KYC procedure:
[A]. Proof of address [B]. Income proof documents in case of high-value transactions
[C]. Photographs [D]. All of the above

Qusetion :3

Loan value is percentage of___________?
[A]. Paid up value [B]. Surrender value
[C]. Revival value [D]. None

Qusetion : 4

While calculating HLV with future income, number of years work, increments in salary what is also to be taken in to accouni
[A]. Inflation [B].Discount rate
[C].Interest [D]. Compounding

Qusetion : 5

Without submitting any form of claim, a life insurance policy holder received payments of maturity then what  type of policy he is holding
[A]. ULIP [B].Money Back
[C].Term [D]. Health

Qusetion : 6

 Mr. Santash is head master and is 52 yrs ol He wants insuran cover for Rs. I crore. He proposes his brother's son as nomin not his wife underwriter will verify
[A]. A physical hazard, as he is old [B].Moral hazard as coverage is high and brother's son nomwiee
[C].Moral hazard as he is 52 yrs and wife is not nominee [D]. Moral hazard as he is head master and 52 yrs oldj

Qusetion : 7

Amit & Rashmi are newly marrie Both are working couple,Thl want to invet their savings 1,00,000 annually to build corpu$ I make down payment for their house in 5 years from noW,A adviser sold them a Uhp to meet their requirement this may resUlt I
[A]. Ruining the long term reputation of company [B].Bad reputation of individual adviser
[C].Opportunity of new business for adviser [D]. Financial burden on the couple

Qusetion : 8

If insured gets two advance payment in 5 yrs and in mat gets rest of sum assured what type of policy it is
[A]. Money back policy [B].Term plan
[C].Corivertible plai [D]. Endowmentpol

Qusetion : 9

An agent reveals his commission received from insurance sale$ to X and Y. Both plans are of same duration. Why is commission ofXa higherthan that ofY
[A]. 'X' has bought other limited premium product [B].X is married
[C].'Y' has bought a single premium product [D]. 'Y' is single

Qusetion : 10

Life insurance is better than other avenues of saving in respect of
[A]. Appricaition [B].userfulness in emergency
[C].Tax benefits [D]. All the above

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