Sunday, 17 November 2019

lic agent IC-38 exam set-74

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-74

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-74

Qusetion : 1

Earning Pooling of risk in insurance means
[A]. Premium collected & deposited in a pool [B].Premium is pool to make claim
[C].All similar risks are pooled together [D]. Contribution of insurance company

Qusetion : 2

Claim was settled however full sum assured not paid th policy was in force due to
[A]. Lien [B].Surrender
[C].Bonus [D]. Accidental death

Qusetion :3

ii Moral hazard reflects the
[A]. Intentions and attitude of proposer [B].Occupation and residence of proposer
[C].Habits and Hobbies of proposer, [D]. Medical and personal history of proposer

Qusetion : 4

Where annually increasing flexible premium operate ur insurable what rate of increase will generally apply?
[A]. 0.025 [B].0.05
[C].0.03 [D]. 0.075

Qusetion : 5

Risk Transfer means
[A]. Insuring with the owner of the company [B]. Insuring with another individual
[C]. Risk retention [D]. Insuring with an insurance company

Qusetion : 6

Proposal decision to be communicated to the client with in
[A]. 7 days [B].15 days
[C].10 days [D]. 30 days

Qusetion : 7

Which risk is associated with those events which are not in control of an individual .and no possibility of making profit
[A]. Pure risk [B].Financial risk
[C].Particular-risk [D]. Insurable risk

Qusetion : 8

Insurer appoints a candidate of this professional qualification ,who decides the amount of premium in insurance products
[A]. Actuary [B].Sales Officer
[C].Underwriters [D]. Advisor

Qusetion : 9

Which statement is correct?
[A]. lung cancer is peril and smoking is a hazard [B].Both the statement is correct
[C].smoking is peril and lung cancer is hazard [D]. Both the statement is incorrect

Qusetion : 10

Utmost good faith will operate in existing policy
[A]. Every time premium is paid [B].If insured person falls sick and admitted to hospital
[C].If policy has lapsed and it has to be revived [D]. If the insured person changes his job

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