Tuesday, 20 August 2019

lic agent IC-38 exam set-21

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-21

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-221

Question-1 :

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

Question-2 :

Mr. Feroz has taken a policy for critical illness worti. Rs. 1Ia health,policy. He.also has a term plan worth Rs 10 lac.Mr.. Fe was hospitalised after, hewas detected wthcancer. He died afl .3 dayséf treatment. How the claim will be settled?
[A]. Claim of critical illness and 10 lac from term policy will settled [B].Claimof hospital charges Rs 20,000 and I lac for death V be settled
[C].Claim will not be settled as he died due to cancer [D]. Claim will not be settled as per instruction of underwriter

Question-3 :

Which section deals with the licencing of an agent?
[A]. Section 42 of insurance Act 1938 [B].Section 42of insurance Act l936
[C].Licence section of Insurance Act 1938 [D]. Licence section of Insurance agent act 1938

Question-4 :

Law of large number helps Insurer to analyse which key area
[A]. Administrative expenses [B].in fixing the correct premium
[C].to remove adverse selection [D]. Non of the above

Question-5 :

 After maturity in a ULIP customer does not get maturity amoUntk. lump sum. What is the possibility of receiving it in instalments ifI is not  annuity plan?
[A]. He has switched his fund [B].He has opted for settlement option
[C].He hasredirected his past premium [D]. Policy was lapsed at the time of maturity

Question-6 :

Ajay is 35 years old and works for a multinational corporation (MNC). He has a ten-year-old son, Vijay, whom he dreams will one day become a doctor. Ajay’s spouse is a housewife, and his parents are retired and dependent on him. Ajay has a home loan of 40
[A]. term plan [B].health plan
[C].endowment plan [D]. traditional plan

Question-7 :

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

Question-8 :

 Open market option under annuity policy would extend which of the following benefit
[A]. Ensure better annuity rate [B].Increase in range
[C].increase in return [D]. Switch of funds
 E-Sales lefers to sales of insurance product through
[A]. Insurance broker [B].Individual agent
[C].Bancassurance [D]. Internet

Question-10 :

What is the minimum age of the customer for entering the  Insurance contract?
[A]. 16 years [B].17 years
[C].18 years [D]. 21 years

Click on Finish/Submit to View Your Score






Click on below links to practce more sets




********************************************

Click >>Go to Next Set>>>

********************************************

at No comments:
Labels:

lic agent IC-38 exam set-25

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-25

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-25

Question-1 :

What are the Special features of Health plan?
[A]. Covers disease expenses [B].Helps in Tax Benefits
[C].covers hospitalization cost [D]. All of the above

Question-2 :

 A policy has been rejected by the company under direct intimation to the customer and copy to the Agent, what is the next action of the Agent
[A]. he has to inform the customer that the co has broken relationship with the customer [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 authorities

Question-3 :

How riders will help the customer in life insurance
[A]. Allow policy holders to customise their insuranceCoVerW addl. benefit [B].Rider is like aclause
[C].Operative clause [D]. Rider is like preamble

Question-4 :

Board of Insurance is related to
[A]. SEBI [B].IRDA
[C].Insurance Association [D]. None of the above

Question-5 :

In term Insurance how peril & Hazard are distinguished?
[A]. Perils are risk that policyholders will die before in specified date and hazards are factors which could influence that risk [B].Perils are medical factors which influence the risk of dying and hazard are lifestyle activities which influence the risk of dying
[C].Peril are factors which affects the risk being insured and hazards are the size of the risk being insured [D]. Peril are factors which could influence an insured event occuring and hazard are the actual events which will triger a payout

Question-6 :

Ramkumar is habitual car racer. What kind of hazard is this?
[A]. Physical hazard [B].Fraudulent representations
[C].Moral hazard [D]. Peril

Question-7 :

An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is the limits
[A]. 0.1 [B].0.2
[C].He cannot offer any commission [D]. He can offer up to 50%

Question-8 :

The sole focus during a client’s fact-find session was healthcare requirements and estate planning. Which main life stage is he most likely to fall into?
[A]. Young married couple [B].Young married with children.
[C].Pre-retirement. [D]. Retirement
 In case the customer has stopped making payment for U premium of the policy what are two most important thing requiri in order to reinstate the policy
[A]. Reinstatement fee and proof of good health [B].Premium cheque and health declaration
[C].Only health certificate [D]. Premium cheque with arrear

Question-10 :

 Two endowment policies A and B are issued in the same time on the quarterly mode. In both the policies 22 quarterly installments are paid. Both are surrendered immediately after paying 22nd installment. But in policy A surrender value is significantly hig
[A]. Term of A policy is higher than B policy [B].Term of B policy is higher than A policy
[C].Policy A is assigned and B is not assigned [D]. Policy B is assigned and A is not assigned

Click on Finish/Submit to View Your Score






Click on below links to practce more sets




********************************************

Click >>Go to Next Set>>>

********************************************

at No comments:
Labels:

lic agent IC-38 exam set-24

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-24

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-24

Question-1 :

The amount payable under a life Insurance policy depends on
[A]. The income pf the insured person at the time of the claim [B].The income of the insured person When he took the insured
[C].The amount of the sum assured [D]. None of the above

Question-2 :

What facility do insurers use to cover risks beyond their exposure limits
[A]. Bancassurance [B].Reinsurance
[C].Both a & b [D]. Neither a nor b

Question-3 :

 Prashant buys an endowment plan with a SA Rs. I lac an to make use of tax benefit under the policy for whole S. much premium would help him avail this benefit-
[A]. Less than Rs. 10,000 [B].More than Rs. 10,000
[C].Less than Rs. 20,000 [D]. More than Rs. 20,000

Question-4 :

What frequencies can one take in annuity
[A]. monthly,quarterly,half yearly, yearly [B].fortnightly,quarterly,monthly,yearly
[C].fortnightly, monthly ,half yearly, yearly [D]. None of the above     

Question-5 :

Which market areas do Micro Insurance product concentrate
[A]. People with large families [B].people with low income
[C].people employed with the government [D]. people with high income

Question-6 :

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

Question-7 :

 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].Insurance Regulatory and Development Authority (IRDA) was constituted in 1956
[C].IRDA is an independent body constituted to address the grievances of the insurance policy holder [D]. None of the above

Question-8 :

Payment/investments in Kisan Vikas Patra under post office scheme is done
[A]. Regularly with no fixed term [B].Lump sum with no fixed term
[C].Lump sum for fixed period of time [D]. Regularly for fixed period of time
 An agent is intermediary between
[A]. Client and insurance company [B].Insurance Company & IRDA
[C].Client and IRDA [D]. Insurance and Reinsurance Company

Question-10 :

  Relation between insurer and Broker means
[A]. Client represents the broker and the insurer remunerate the broker [B].Insurer represent both client and broker remuneration
[C].Broker represent the client and insurer remunerate the broker [D]. Brokerserve the client

Click on Finish/Submit to View Your Score






Click on below links to practce more sets




********************************************

Click >>Go to Next Set>>>

********************************************

at No comments:
Labels:

lic agent IC-38 exam set-22

LIC IC-38 Online Mock Test for LIC agency Exam preparation according to IRDA syllabus # SET-22

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-22

Question-1 :

During fact finding the need revealed requirement for margin money and retirement fund. Which of these assumes higher priority will be determined on the basis of
[A]. Margin money [B].Retirementfund
[C].Tenure left for retirement and corpus needed [D]. Quantum of investment

Question-2 :

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

Question-3 :

Insurable interest on one's own life limited upto
[A]. 20 times of Gross Annual income [B].Liabilities
[C].Assets [D]. Unlimited

Question-4 :

In which of the recognised life stages an indivlducl does not required any protection cover
[A]. Childhood [B].Young married
[C].Pre retirement [D]. Retirement

Question-5 :

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

Question-6 :

If a person chooses Cumulative deposit than Recurring deposit ,difference will be in
[A]. frequency of interest  calculation [B].Tax
[C].Interest tax [D]. Tenure

Question-7 :

In a MWP policy the beneficiaries under the plan, other than wife can be
[A]. Ex wife [B].Sibling
[C].Parents [D]. Children

Question-8 :

Alumpsum withdrawal allowed as commutation in pension plan is
[A]. 1/3 of accumulated fund [B].114 of accumulated fund
[C].1/2 of accumulated fund [D]. Full withdrawal is allowed
What will be maturity benefit under health insurance plan
[A]. Fund value [B].Paid premium
[C].Paid premium with interest [D]. No maturity benefit

Question-10 :

To avail the income tax benefit at investment stage,V
[A]. 10% of Cumassured [B].20% of sum assured
[C].30% of sumassured [D]. 40% of sum assured

Click on Finish/Submit to View Your Score






Click on below links to practce more sets




********************************************

Click >>Go to Next Set>>>

********************************************

at No comments:
Labels:
Subscribe to: Posts (Atom)

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 ...