Sunday, 17 November 2019

lic agent IC-38 exam set-68

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-68

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-68

Qusetion : 1

Churning is bad , based on  which aspect
[A]. Agents earn Lower  Commission on churning [B].Policyholders suffer due to surrender charges and benefits
[C].Policyholder gets more benefits [D]. Insurance companies get good branding

Qusetion : 2

For an insurance agent, a low persistency ratio means
[A]. Loss of renewal commission [B].Higher reputation
[C].High client satisfaction [D]. More earning of first year commission

Qusetion :3

If a person is missing then after how many years will he be considered as dead & SA paid to the nominee.
[A]. 5 [B].10
[C].7 [D]. 12

Qusetion : 4

The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is
[A]. Ask the insurer to give a policy endorsement letter [B].From signed copy of benefit illustration
[C].From the fact details [D]. From ticked columns of proposal form

Qusetion : 5

To whom prevention of money laundering Act 2002 (PMLA) is applicable
[A]. RBI/SEBI/IRDNFI [B].All service providers
[C].Corporate House [D]. All above

Qusetion : 6

The rates of assumed annual growth to be shared in the benefit illustration has been decided by which of the authority
[A]. IRDA [B].The Royal Bank
[C].Life insurance council [D]. SEBI

Qusetion : 7

 In a MWP policy the beneficiaries under the plan, other than wife can be
[A]. Ex wife [B].Parents
[C].Sibling [D]. Children

Qusetion : 8

Which plan should an agent suggest
[A]. A Plan based on needs to  the Client [B].A Plan based on the clients dreams
[C].A plan based on paying capacity of the client [D]. None of the Above

Qusetion : 9

As an advisor why is it essential for you to carry out the financial planning exercise with the prospective client
[A]. Individuals understand their real needs and can prioritize' them [B].Individual do not understand their real needs and cannot prioritize them
[C].Individuals have same financial needs at different stages Of the life cycle [D]. Individual's real and perceived needs are same

Qusetion : 10

Insurance works on the principle of
[A]. Equal contributions [B].Contributions dependent on affordability
[C].Proportional contributions [D]. None of the above

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