Sunday, 17 November 2019

lic agent IC-38 exam set-76

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-76

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-76

Qusetion : 1

A person planning to invest in Kisan Vikas Patra will go to
[A]. Insurance Branch [B].Internet
[C].Post Office  [D]. Mutual Fund Office

Qusetion : 2

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 :3

A customer while investing in to Recurring deposit or Cumulative deposit what are the key factors which will matter
[A]. Taxation [B].interest rates
[C].frequency of payment [D]. tenure

Qusetion : 4

To identify suitable products their main features and their tax treatment is role of
[A]. Agent [B].Pelicyholder
[C].Insured [D]. Insured person

Qusetion : 5

Que. 46 :The awards by Ombudsman are governed by the following rules:
[A]. The award should not be more than Rs.20 lakh (inclusive of ex-gratia payment and other expenses) [B]. The award should be made within a period of 3 months from the date of receipt of such a complaint, and the insured should acknowledge the receipt of the award in full as a final settlement within one month of the receipt of such award
[C]. All of the above [D]. None of the above

Qusetion : 6

If customer has invested money in a pension plan from compafl A and buys an annuity from company B what is the nature transaction?
[A]. Lifelong annuity [B].Reinsuring annuity
[C].Open market [D]. Deferred annuity

Qusetion : 7

Reasons for surrender of the policy
[A]. SA [B].no commission
[C].advisor induced [D]. Has Financial Problems 

Qusetion : 8

Vinod being an insurance agent can offer assistance to his cli Ramesh by
[A]. Providing him emergency fund [B].Recommendation of product with highestreturn
[C].Matching the product with Ramesh need [D]. Discourse saving in. a purposeful and need based manner

Qusetion : 9

Qusetion : 9

What is IRDA stands for & year of Incorporation
[A]. Insurance Regulatory and Development Authority (IRDA) . The IRDA was incorporated as an autonomousbody in April 1999 [B].IRDA is an independent body constituted to address the grievances of the insurance policy holder
[C].Insurance Regulatory and Development Authority (IRDA) was constituted in 1956 [D]. None of the above

Qusetion : 10

Ramesh has invested in post office monthly income scheme. The interest rate was set at 6%. What will be the effect of rate in going years
[A]. Increase gradually [B].Remain constant
[C].Decrease grdually [D]. Chang as per market fluctuation

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