Sunday, 17 November 2019

lic agent IC-38 exam set-75

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-75

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

Mr. Sumesh takes a policy and pays premium Rs. 20,000with• sum insured of Rs. 3 lac what will be the tax implication on hi: maturity amount
[A]. Fully taxable [B].0.2
[C].0.1 [D]. tax fully exempted

Qusetion : 2

Under which section of the Income Tax Act can an individual get a deduction from taxable income for the
[A]. S. 80D [B].S 80E
[C].S. 80C [D]. S. 80F

Qusetion :3

Que. 32 :Each insurer is required to have an AML policy and accordingly file a copy with IRD The AML program should include:
[A]. Appointment of a principal compliance officer [B]. Internal policies, procedures and controls
[C]. Recruitment and training of agents on AML measures [D]. All of the above

Qusetion : 4

Mr. Kumar decides that his employees should have sss. whit type of plan is SSS
[A]. Salary saving life plan [B].Salary insurance plan
[C].Not a specific plan [D]. Salary specific plan

Qusetion : 5

The amount of insurance depends on
[A]. The penil [B].Neither the penil nor the risk
[C].The risk [D]. Both the penil and the risk

Qusetion : 6

Manmohan has recently purchased a house worth Rs. 50 lac on loan. Which insurance plan you an advisor will suggest?
[A]. Endowment plan [B].Whole life plan
[C].Money back plan [D]. Term plan

Qusetion : 7

A human being's value is measured by
[A]. The income that he generates [B].His academic qualification
[C].The value of the goods that he produces [D]. All of the above

Qusetion : 8

Flexibility like partial withdrawals and taking premium holidays is possible with
[A]. Fixed deposit [B].Term Insurance
[C].ULIP [D]. Endowment

Qusetion : 9

To be a valid contract ,the declaration is necessary in which document
[A]. Policy Document [B].FPR
[C].proposal form [D]. RPR

Qusetion : 10

Suresh has adequate reserve capital with him and he wishes to protect his income, moreover he feels that if he does not die than he would need the amount what type of plan should he opt for
[A]. Term insurance plan [B].Return of premium plan
[C].Endowment plan [D]. Pension plan

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