Monday, 2 September 2019

lic agent IC-38 exam set-35

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-35

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-35

Question-1 :

 Policy having two nominees what should be the minirT allocation
[A]. Each nominee to get minimum 10% [B].Each nominee to get minimum 25%
[C].First nominee to get more than second nominee [D]. No such condition

Question-2 :

 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 plans to change the plan
[C].He has to explain the reasons for rejection to the customer [D]. He takes up with the higher auth.

Question-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].Reputation of the company will be high due to offers to the customer
[C].Agent will be terminated [D]. Agent will be qualified for the contest

Question-4 :

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-5 :

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-6 :

As per the norms of risk assessment by U/W both the parents of a policy holder died in their early 30s due to Heart disease, what is the risk assessed
[A]. Moral Hazard [B].Medical Hazard
[C].Physical Hazard [D]. Occupational Hazard

Question-7 :

Complaint council bodies other than IRDA grievance readdress forum & COPA
[A]. Ombudsman [B].Insurance Institute of India
[C].Insurance Association [D]. FERA

Question-8 :

Mr. A wants insurance cover . But he is drinks alcohol frequently . What kind of hazard you may categorize?
[A]. Physical hazard [B].Moral Hazard
[C].financial risk [D]. Pure risk
Insurance works on the principle of
[A]. Mutual help [B].charity
[C].Both of the above [D]. Neirther of the above

Question-10 :

TWO FRIENDS HAVE TAKEN SAME POLICY BUT THEIR PREMIUMS ARE DIFFERENT WHY?
[A]. AGE [B].MEDICAL
[C].SA [D]. ALL THE ABOVE

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lic agent IC-38 exam set-34

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-34

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-34

Question-1 :

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

Question-2 :

Insurance is necessary because
[A]. Assets deprciate over time and through usage [B].Assets may be damagedby external causes
[C].Name of the above reasons [D]. None of the above reasons

Question-3 :

 Shanker an advisor sold a term insurance and ULIP to Amar, ths client who is unmarried with no dependent, Shan ker action woul: be     
[A]. Underselling of insurance policy [B].Churning
[C].Overselling of insurance policy [D]. Ethical practice

Question-4 :

Husband and wife jointly taking insurance policy what is the reason that they need not mention nominee under this insurance policy
[A]. Whole life [B].Return of premium
[C].Joint Life Policy [D]. Endowment policy

Question-5 :

 Which is the training institute for providing training to insurance agents?
[A]. Insurance Institute of India [B].IRDA
[C].RBI [D]. SEBI

Question-6 :

A & 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].Contract is created only when the acceptance isconditional.
[C].Both are Correct [D]. Both are Incorrect

Question-7 :

The agents duties and responsibility ends
[A]. When the clients policy is issued [B].When the clients needs have been established
[C].When the nominee has changed [D]. When the maturity claimissettled

Question-8 :

 A Client can reject a policy after how many days of receiving the same.
[A]. 30 [B].15
[C].50 [D]. 20
Regulation issued by IRDA required that the decision on the proposal must be conveyed to the proposer within
[A]. 15 days [B].20 days
[C].1 month [D]. no time bar

Question-10 :

On Maturity of an insurance policy only 25% of the amount can is pai This is due to
[A]. It is assigned [B].It is a money back policy
[C].It is paid up [D]. Any one of the above

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lic agent IC-38 exam set-33

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-33

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-33

Question-1 :

Mr. X is illiterate and is buying insurance. Mr. Y fill up the proposal form on behalf of Mr. X and also endorses and signs an attestation in the proposal form. In addition to all document what else should be taken
[A]. Mr. X photograph [B].Mr. Y photograph
[C].Mr. X thumb impression [D]. Mr. Y thumb impression

Question-2 :

If a person is missing then after how many years will he be considered as dead & SA paid to the nominee.
[A]. 5 [B].7
[C].10 [D]. 12

Question-3 :

 Rahul is licensed insurance agent.  As agent he must carry out his role in accordance with
[A]. Insurance company code of conduct [B].IRDAAct code of conduct
[C].IRDA regulation code of conduct [D]. Insurance Act code ofconduct

Question-4 :

Client died in 89th day from DO In which category he is not eligible for claim
[A]. Murder [B].Deep Illness
[C].Accident [D]. Suicide

Question-5 :

lnsurer will not pay the claim unless
[A]. Policyholder makes a deman [B].Policyholder makes a demand
[C].Event insured against happens [D]. lnsurer Comptes the enqui

Question-6 :

 During claim insurer deduct Rs. 10,000 in spite of having  no Lien and all due premiums are pai What are the other reason for deducting the same?
[A]. Premium Rate increase [B].Loan facility
[C].Mode of Payment [D]. Loading

Question-7 :

Prabhu, a businessman taken a term insurance for Rs. 30 lacs for 30 yrs. It is a example for
[A]. Risk retention [B].Risktransfer
[C].Riskavoidance [D]. Risktolerance

Question-8 :

The delay in settling claim by any insurance co, as per IRDA norms has to pay....% if the present bank interest rate is 5.2%
[A]. 0.07 [B].0.085
[C].0.072 [D]. 0.082
Vikas takes insurance policy and dies after B months. If claim needs to be rejected basis of the rejection would be
[A]. Suicide [B].Murder
[C].Death due to accident [D]. Body notfound

Question-10 :

 Insurance market divided into
[A]. Endowment and money back insurance [B].Life and non-life insurance
[C].Govt. and Pvt. Insurance market [D]. Health and saving Insurance market

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Tuesday, 20 August 2019

lic agent IC-38 exam set-32

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-32

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-32

Question-1 :

Transfer of Insurance from Insurance Companies is done in favour of
[A]. Bancassurance [B].TPA
[C].Reinsurance [D]. Actuaries

Question-2 :

A Person Need to do Estate Planning when
[A]. Young Person [B].30-40 years age group
[C].Married [D]. About to get retired

Question-3 :

The code of conduct has been prescribed in India by
[A]. IRDA [B].insurance council
[C].Insurance lnstt. of India [D]. Govt. of India

Question-4 :

Which plan should an agent suggest
[A]. A Plan based on needs to  the Client [B].A plan based on paying capacity of the client
[C].A Plan based on the clients dreams [D]. None of the Above

Question-5 :

The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is
[A]. Ask the insurer to give a policy endorsement letter [B].From the fact details
[C].From signed copy of benefit illustration [D]. From ticked columns of proposal form

Question-6 :

Life insurance is arranged because
[A]. some one may die [B].Some one may live
[C].Of both the above reasons [D]. Of neither of the above reasons

Question-7 :

 34. 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

Question-8 :

 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
For an insurance agent, a low persistency ratio means
[A]. Loss of renewal commission [B].High client satisfaction
[C].Higher reputation [D]. More earning of first year commission

Question-10 :

 Insurance works on the principle of
[A]. Equal contributions [B].Proportional contributions
[C].Contributions dependent on affordability [D]. None of the above

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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 ...