Sunday, 17 November 2019

lic agent IC-38 exam set-72

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-72

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-72

Qusetion : 1

Which is the training institute for providing training to insurance agents?
[A]. Insurance Institute of India [B].RBI
[C].IRDA [D]. SEBI

Qusetion : 2

The probability of an event is mentioned
[A]. As a ratio [B].Neither as a percentage nor as a ratio
[C].As a percentage [D]. Either is a percentage or as a ratio

Qusetion :3

Regulation issued by IRDA required that the decision on the proposal must be conveyed to the proposer within
[A]. 15 days [B].1 month
[C].20 days [D]. no time bar

Qusetion : 4

An insurer as a trustee, to give priority to
[A]. Policyholders, as a class [B].The claimant's financial condition
[C].An individual policyholder's difficulties [D]. All of the above

Qusetion : 5

Complaint council bodies other than IRDA grievance readdress forum & COPA
[A]. Ombudsman [B].Insurance Association
[C].Insurance Institute of India [D]. FERA

Qusetion : 6

Insurance is necessary because
[A]. Assets deprciate over time and through usage [B].Name of the above reasons
[C].Assets may be damagedby external causes [D]. None of the above reasons

Qusetion : 7

What is the period of award passed to the customer decided by ombudsman?
[A]. 2months [B].5 months
[C].3 months [D]. 6 months

Qusetion : 8

A policy has been rejected by the company under direct intimation to the customer and copy to agent what is the next action of agent
[A]. He has to inform the customer that company has broken relationship [B].He has to explain the reasons for rejection to the customer
[C].He plans to change the plan [D]. He takes up with the higher auth.

Qusetion : 9

Insurance works on the principle of
[A]. Mutual help [B].Both of the above
[C].charity [D]. Neirther of the above

Qusetion : 10

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

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