Tuesday, 20 August 2019

lic agent IC-38 exam set-29

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-29

Online IC-38 Mock Test and training material for LIC agency

Test your Preparation


IC-38 Online Mock Test for LIC agency Exam preparation SET-29

Question-1 :

Policies as he was regularly paying the premium. What is your suggestion?
[A]. Due to regular premium he can take loan from both the policies [B].He can surrender whole life and take loan.from money back policy
[C].No loan from money back but can take loan from whole life [D]. He can't take loan from whole life policy but can avail loan from money back policy

Question-2 :

An agent reveals his commission received from insurance sale$ to X and Y. Both plans are of same duration. Why is commission ofXa higherthan that ofY
[A]. X' has bought other limited premium product [B].Y' has bought a single premium product
[C].‘X’ is married [D]. Y' is single

Question-3 :

 Ramlal is an insurance policyholder. He has recently shifted his home from New Delhi to Noid He wants the address to be change This change in policy document will be effective through?
[A]. Terms & condition [B].Preamble
[C].Endorsement [D]. Schedule

Question-4 :

 41. Amit & Rashmi are newly marrie Both are working couple,Thl want to invet their savings 1,00,000 annually to build corpu$ I make down payment for their house in 5 years from noW,A adviser sold them a Uhp to meet their requirement this may resUlt I
[A]. Ruining the long term reputation of company [B].Opportunity of new business for adviser
[C].Bad reputation of individual adviser [D]. Financial burden on the couple

Question-5 :

Responsibility for classification and analysis of proposal form Iii with whom?
[A]. Risk analysis department [B].Classification of risk deptt.
[C].Underwriter [D]. Actuary who analysis the risk

Question-6 :

Without submitting any form of claim, a life insurance policy holder received payments of maturity then what  type of policy he is holding
[A]. ULIP [B].Term
[C].Money Back [D]. Health

Question-7 :

Mr. Santash is head master and is 52 yrs old. He wants insuran cover for Rs. I crore. He proposes his brother's son as nomin not his wife underwriter will verify
[A]. A physical hazard, as he is old [B].Moral hazard as he is 52 yrs and wife is not nominee
[C].Moral hazard as coverage is high and brother's son nomwiee [D]. Moral hazard as he is head master and 52 yrs oldj

Question-8 :

The rates of assumed annual growth to be shared in the benefit illustration has been decided by which of the authority
[A]. IRDA [B].Life insurance council
[C].The Royal Bank [D]. SEBI
While calculating HLV with future income, number of years work, increments in salary what is also to be taken in to accouni
[A]. Inflation [B].Interest
[C].Discount rate [D]. Compounding

Question-10 :

A human being
[A]. Is an economic assest [B].Is an income earning assets
[C].Is a perishable asset [D]. All the above

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lic agent IC-38 exam set-28

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-28

Online IC-38 Mock Test and training material for LIC agency

Test your Preparation


IC-38 Online Mock Test for LIC agency Exam preparation SET-28

Question-1 :

What are the factors involved in calculating surrender value
[A]. Number of year's premium paid [B].Number of premium payable
[C].Sum assured [D]. All of above

Question-2 :

 In a fact find, a couple discovered their need to be estate planning? In what life stage will they be in?
[A]. Married [B].Married with children
[C].Married with older children [D]. Retirement

Question-3 :

Which type of questioning is very useful to gather information from clients?
[A]. Close ended question [B].Open ended question
[C].Interrogative question [D]. Clarification question

Question-4 :

What is similarity between recurring deposits and cumulati deposit in a bank
[A]. Guarantee [B].Taxation
[C].Tenure [D]. Lock in periods

Question-5 :

Higher persistency to the insurer ensures what ?
[A]. More productivity [B].Higher attrition
[C].Higher Profits [D]. Higher S.A

Question-6 :

Sh. Gayaram advisor who advised the customer to close the old policy and take new one. But new policy does not have any extra benefits but it will give more commission to Sh. Gayaram. This is called
[A]. Switching [B].Churning
[C].Redirecting [D]. Shifting

Question-7 :

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

Question-8 :

In which kind of policy the insurable interest should exist at the time of claim only
[A]. Motor insurance [B].Marine insurance
[C].Liability insurance [D]. Travel insurance
If insured gets two advance payment in 5 yrs and in mat gets rest of sum assured what type of policy it is
[A]. Money back policy [B].Corivertible plai
[C].Term plan [D]. Endowmentpol

Question-10 :

What period of time a client has to be invested to get tax benefit under postal scheme?
[A]. 10 Years [B].8 years
[C].6 years [D]. 5 years

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lic agent IC-38 exam set-27

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-27

Online IC-38 Mock Test and training material for LIC agency

Test your Preparation


IC-38 Online Mock Test for LIC agency Exam preparation SET-27

Question-1 :

Under S 80C the maximum tax deduction that can be gainpremium paid Rs._in a financial year
[A]. Rs. 75,000 [B].Rs. 1, 10,000
[C].Rs. 1,20,000 [D]. Rs. 1,00,000

Question-2 :

Both the parties 'a contract must agree and understand the same thing and in the same sense which is called
[A]. Consideration [B].Legality of object.
[C].Consensus ad idem [D]. Acceptance

Question-3 :

Life insurance is better than other avenues of saving in respect of
[A]. Appricaition [B].Tax benefits
[C].userfulness in emergency [D]. All the above

Question-4 :

 Changes in policy can be made by
[A]. Issuing a new policy [B].Endorsement
[C].Corrections on the policy [D]. Not allowed

Question-5 :

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].The client represents broker and insurer remunerate broker
[C].Insurer represent both client and broker remuneration [D]. Broker only .service the client

Question-6 :

 36. Perceived needs are
[A]. Short term needs [B].Imagined to be important by advisor
[C].Imagined to be important by client [D]. Long term needs

Question-7 :

Benefit illustrations given to a customer quantifies an amount by which investment return is reduced. This reduction reflect the impact of
[A]. Charges [B].Interest
[C].Inflation [D]. Taxation

Question-8 :

Fact find process helps to
[A]. Ensure a salesIs achieved [B].Identify client need
[C].Create an audit trail for future complaints [D]. Provide regulatory body about agents database
What ever riding criteria an insurance, agent consider whil proposing a solution
[A]. Risk [B].Suitability
[C].Flexibility [D]. Cost

Question-10 :

An insurer, as a trustee, has to ensure that
[A]. The life fund is safe [B].The life fund earns the maximum interest
[C].Both of the above [D]. Neither of the above

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lic agent IC-38 exam set-26

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-26

Online IC-38 Mock Test and training material for LIC agency

Test your Preparation


IC-38 Online Mock Test for LIC agency Exam preparation SET-26

Question-1 :

 Which of following refers to specific event which might cause a loss
[A]. Peril [B].Hazard
[C].Physical hazard [D]. Uncertainty

Question-2 :

With profit policies can be given to
[A]. surety [B].keyman
[C].partner      [D]. Individual

Question-3 :

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].Particular-risk
[C].Financial risk [D]. Insurable risk

Question-4 :

 Acouple has 7 year old son. What solution would they be looking for
[A]. Retirement [B].Health care
[C].Child education [D]. Life cover

Question-5 :

 Insurance Contract without any  Insurable Interest  will result?
[A]. Wagering Contract [B].Legal Contract
[C].Void Contract [D]. All of the above

Question-6 :

Mrs. Sheela received some amount out of her husband's d In such a situation what will be her prime focus
[A]. Saving [B].Insurance
[C].Investment management [D]. Planning for pensi

Question-7 :

Insurance is helps to
[A]. Reduce the consequence of adverse situations [B].Guarantee that assets are always procutive
[C].Ensure that assets never breakdown [D]. Do all of the above

Question-8 :

To be a valid contract ,the declaration is necessary in which document
[A]. Policy Document [B].proposal form
[C].FPR [D]. RPR
Ramesh wants to buy 15 years pension plan for retirement while calculating gaps required at the end the gratuity amount was completely ignored because  he is
[A]. self employed [B].Widower
[C].Savings are significantly higher [D]. Govt employee

Question-10 :

Advisor motivate the client to surrender the existing Endowment plan and buy new Whole life policy for gaining higher commission, is the example of?
[A]. switching [B].Building long term relations
[C].Revisit the financial planning [D]. Churning

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LIC IC-38 EXAM in HINDI SET-30

 LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus in HINDI # SET-30 ...