Sunday, 17 November 2019

lic agent IC-38 exam set-73

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-73

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-73

Qusetion : 1

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 : 2

A and B in enters into a Contract & B accepts the Contract with a condition. Will this be considered as a Contract Between A & B?
[A]. Contract is created only when the acceptance isunconditional. [B].Both are Correct
[C].Contract is created only when the acceptance isconditional. [D]. Both are Incorrect

Qusetion :3

Mrs. Hansa, an agent has planned to sell maximum product within a short span of time by giving maximum rebates tocustomer to complete the context target of the company. Her action
[A]. Will benefit both the company and the customer [B].Agent will be terminated
[C].Reputation of the company will be high due to offers to the customer [D]. Agent will be qualified for the contest

Qusetion : 4

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

Qusetion : 5

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 : 6

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

Qusetion : 7

Jay buys a policy on the life of Nazi Who is Jay?
[A]. Life Assured [B].Proposer
[C].Nominee [D]. Appointee

Qusetion : 8

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

Qusetion : 9

When will the Principle of Utmost Good faith apply in Term insurance plan?
[A]. Throughout the policy contract [B].before receiving policy document
[C].before premium deposit [D]. After receiving the policy document

Qusetion : 10

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

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