Sunday, 17 November 2019

lic agent IC-38 exam set-69

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-69

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-69

Qusetion : 1

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

Qusetion : 2

During claim insurer deduct Rs. 10,000 in spite of having  no Lien and all due premiums are pai What are the other reason for deducting the same?
[A]. Premium Rate increase [B].Mode of Payment
[C].Loan facility [D]. Loading

Qusetion :3

What is the limit of Ombudsman claim settlement?
[A]. insurance contracts of value not exceeding Rs. 20 lakhs [B].insurance contracts of value not exceeding Rs. 30 lakhs
[C].insurance contracts of value not exceeding Rs. 25 lakhs [D]. insurance contracts of value not exceeding Rs. 50 lakhs

Qusetion : 4

The delay in settling claim by any insurance co, as per IRDA norms has to pay....% if the present bank interest rate is 5.2%
[A]. 0.07 [B].0.072
[C].0.085 [D]. 0.082

Qusetion : 5

If I RDA is unable to discharge its functions or duties, central govt.
[A]. Has power to supersede the IRDAby issuing notification [B].Has power to supersede the IRDA by issuing draft
[C].Has power to supersede the IRDA by issuing a bill in parliament [D]. Can make changes inlRDAlaw

Qusetion : 6

Client died in 89th day from DO In which category he is not eligible for claim
[A]. Murder [B].Accident
[C].Deep Illness [D]. Suicide

Qusetion : 7

According to Insurance broker association of India, what is the most appropriate relationship between insurer and broker
[A]. Insurance broker represents the client and insurer, remunerate the broker [B].Insurer represent both client and broker remuneration
[C].The client represents broker and insurer remunerate broker [D]. Broker only .service the client

Qusetion : 8

Vikas takes insurance policy and dies after B months. If claim needs to be rejected basis of the rejection would be
[A]. Suicide [B].Death due to accident
[C].Murder [D]. Body notfound

Qusetion : 9

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 : 10

The code of conduct has been prescribed in India by
[A]. IRDA [B].Insurance lnstt. of India
[C].insurance council [D]. Govt. of India

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