Sunday, 17 November 2019

lic agent IC-38 exam set-61

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-61

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-61

Qusetion : 1

An indemnity bond was signed in a policy whön the claim was pai This indicates that the policy was
[A]. lt wasl ost [B].It was lapsed
[C].It was paid up [D]. It was surrendered

Qusetion : 2

On Maturity of an insurance policy only 25% of the amount can is pai This is due to
[A]. It is assigned [B].It is paid up
[C].It is a money back policy [D]. Any one of the above

Qusetion :3

Purpose of taking life insurance would be
[A]. To save tax [B].Investment
[C].Saving habit [D]. Protection

Qusetion : 4

Mr. X is illiterate and is buying insurance. Mr. Y fill up the proposal form on behalf of Mr. X and also endorses and signs an attestation in the proposal form. In addition to all document what else should be taken
[A]. Mr. X photograph [B].Mr. X thumb impression
[C].Mr. Y photograph [D]. Mr. Y thumb impression

Qusetion : 5

Aprofessional insurance marketcarnies
[A]. Need based selling [B].Commission based selling
[C].Product based selling [D]. Company based selling

Qusetion : 6

 Prabhu, a businessman taken a term insurance for Rs. 30 lacs for 30 yrs. It is a example for
[A]. Risk retention [B].Riskavoidance
[C].Risktransfer [D]. Risktolerance

Qusetion : 7

Principle of Indemnity applicable to
[A]. Life Insurance [B].Both a & b
[C].General Insurance [D]. Neither a nor b

Qusetion : 8

Insurance market divided into
[A]. Endowment and money back insurance [B].Govt. and Pvt. Insurance market
[C].Life and non-life insurance [D]. Health and saving Insurance market

Qusetion : 9

Moral hazard is
[A]. History of heart disease [B].Consuming alcohol
[C].Working in chemical factory. [D]. Teacher in primary school

Qusetion : 10

Transfer of Insurance from Insurance Companies is done in favour of
[A]. Bancassurance [B].Reinsurance
[C].TPA [D]. Actuaries

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