Go Back   2023 2024 Courses.Ind.In > Main Category > Main Forum

  #1  
Old January 19th, 2016, 01:56 PM
Super Moderator
 
Join Date: Apr 2013
Default lic irda exam

Discuss about lic irda exam here. Welcome to Courses.ind.in and this page is for lic irda exam discussion. If you are looking for information on lic irda exam then ask your question is as much details as possible in the “Reply” box provided below. The more detailed your question will be, the more easy will it be for our experts to answers your query. And if you have any updated or latest information on lic irda exam, then please share you knowledge with our experts in the “Reply” box below. Your reply will be published here and your knowledge can help many people. Thanks for stopping by at Courses.ind.in. Please visit again.
Reply With Quote Quick reply to this message
  #2  
Old May 25th, 2017, 04:19 PM
Unregistered
Guest
 
Default Re: lic irda exam

Hii sir, I wants to get the Question Paper of the LIC Agent Exam that is Conducted by the IRDA ?
Reply With Quote Quick reply to this message
  #3  
Old May 25th, 2017, 04:21 PM
Super Moderator
 
Join Date: Aug 2012
Default Re: lic irda exam

Life Insurance Corporation of India Limited directs an all India competitive examination for recruitment of insurance agents in LIC. This is a pre liscensing test

As you Asking for the Question Paper of the LIC Agent Exam the Question Paper is given below


Question Paper



(1) Potential purchaser of product is called ________________
(a) Prospect
(b) Consumer
(c) Customer
(d) Client

(2) If policyholder is in grievance,__________________ will solve
(a) Grievance officer
(b) Court order
(c) Ombudsman
(d) All the above

(3) 20,000 policies in the 5th year are to be made from _________sector
(a) Rural
(b) Social
(c) None
(d) Urban

(4) Insurance Agent is governed by ____________________
(a) Contract act
(b) Insurance Act
(c) IRDA
(d) All above

(5) Doctors appointed by insurers will be _____________
(a) General Physicians
(b) Specialists
(c) Surgeons
(d) All of above

(6) __________is the document produced to establish one’s age
(a) Birth Certificate
(b) Affidavit
(c) License
(d) Proof of age

(7) Who is the person who identifies the customer and get the necessary insurance for him ?
(a) Intermediary
(b) Retailer
(c) Broker
(d) Agent

(8) Which kind of Insurance plan can meet all need of a proponent?
(a) Endowment
(b) Money Back
(c) Multipurpose
(d) None of them

(9) The principal is responsible for __________ agent
(a) All the acts of agent
(b) Specified acts of agent
(c) Some of acts agent
(d) None of them

(10) Which of the following statements are True:
a) It is the agent’s responsibility to ensure that all material information is made available
b) If the proposal paper is incomplete, the agent will be held accountable
(a) A Statement
(b) B Statement
(c) Both Statement
(d) Neither of Statement

(11) In the case of a policy under the provision of M.W.P. ACT who can make the death claim?
(a) Beneficiary
(b) Life insured Heirs
(c) Trustee
(d) Any of the above

(12) Which kind policies are not entitled bonuses?
(a) Non participatory
(b) Money back
(c) Children’s
(d) Whole life

(13) Claim in question is Rs.23 lakh which consumer court will it go to:__________

(14) A policy which has run for 8 years can be called into question if there is a__________________
(a) Fraud
(b) Misrepresentation
(b) Mistake
(c) None of above

(15) What would be the paid up value of a 25-year-old endowment policy for Rs.50, 000 taken in Oct 1988, if the last ½ year’s premium paid was in Oct 2000?____________

(16) Which of the following statements are True:
a) An insurance agent can be sued under the Consumer Protection Act
b) The Consumer Protection Act does not apply to Govt. Company.
a) A Statement
b) B Statement
c) Both Statements
d) Neither of Statement

(17) If the proponent has no insurable interest in the insured the underwriter will
(a) Accept with reduce sum assured
(b) Decline the proposal
(c) Accept with lien
(d) Accept with extra premium

(18) What is paid by the insurer when the policyholder decides to discontinue the policy
(a) Forfeiture
(b) Surrender Value
(c) Intermediate Claim
(d) Lapse

(19) A person employed to act on behalf of another in dealing with a third person is called _____________
(a) Lawyer
(b) Broker
(c) Employee
(d) Agent

(20) Which are true
a) Proof of age is necessary for proposal and not for agency application
b) After business is complete agent has no role
a) A Statement
b) B Statement
c) Both Statements
d) Neither of the Statement

(21) Which are true
a) Insurance is necessary to cover risk of living too long
b) Insurance helps one to be less dependent on others
a) A Statement
b) B Statement
c) Both Statements
d) Neither of the Statement
(22) Which statement is not appropriate
A) When the prospect said that he had taken sick leave for a few days because he wanted to go
outstation for an interview, the agent suggested he need not mention it
B) Agent suggested to the prospect not to mention the fact that the cause of death of one of
the brothers who had died young was cardiac arrest, it was mentioned as accident
a) A Statement
b) B Statement
c) Both Statements
d) Neither of the Statement
(23) Which statement is not appropriate
A) The necessity for medical examination depends on S.A.
B) The nature of employment may be a factor to dispense with medical exam
a) A Statement
b) B Statement
c) Both Statements
d) Neither of the Statement
(24) Why does an office conduct special inquiry in the case of death claim which arose after
4 years
(a) As precaution
(b) As a Routine
(c) On suspicion of suppression of facts
(d) For large sum assured
(25) Loans is available only in the policy if
(a) It is a with profit policy
(b) The S.A exceeds Rs.10,000/-
(c) It is in facts underwriter decision
(d) None of the above
(26) Which statement is true
A Lapsed policy can be revived whenever the policy holder choose
B A paid up policy is a lapsed policy
(a) Only statement A
(b) Only statement B
(c) Both false
(d) Both statement
(27) When do the non-forfeiture provision apply
a) When policy is surrendered
b) When loan is taken
c) When premium is not paid
d) All above
(28) True – False
A - DAB is automatic in all life insurance policies
B- DAB is an option on payment of additional payment
(29) True – False
A - Insurance works on the law of large numbers
B - Insurance is possible only when there are many policyholders
(30) True – False
A - A policy that has been in force for 10 years can be called into question for
misrepresentation
B - A policy which has been for 10 years called into question for fraud.
(31) True – False
A - An agent must find out the details of proponent and report the same to the insurer. T
B - The income of the proponent must be made known to the insurer.
(32) Loan under policy should not exceed
(a) S.V
(b) S.A.
(c) total premium paid
(d) Bonus
(33) Disability is related to
(a) Sickness
(b) Old age
(c) Loss of limb
(d) all of them
(34) Agent is subject to
(a) IRDA regulation
(b) Term of appointment
(c) Agent’s manual
(d) All of above
(35) The agent has _______freedom to act on behalf of insurer
(a) Limited
(b) Specified
(c) full
(d) none of the above


Rest of the Question Paper you may get from the below Attachement that is Free to Download
Reply With Quote Quick reply to this message
Reply
Similar Threads
Thread
IRDA Exam Study Material Download
Download IRDA Exam Admit Card
IRDA Exam Hall Ticket Download
IRDA Exam Study Material Free Download
Free download IRDA Exam Paper
IRDA Exam Papers
IRDA Life Insurance Exam Paper
IRDA Exam Test
IRDA Exam Gujarati
Insurance Regulatory And Development Authority IRDA Act
www.irda.gov.in irda exam result
irda exam solved papers in hindi
irda ic 33 exam mock test
irda exam paper general insurance
where to apply for irda exam
irda safety glass
irda online exam demo in tamil


Quick Reply
Your Username: Click here to log in

Message:
Options



All times are GMT +5.5. The time now is 12:45 AM.


Powered by vBulletin® Version 3.8.7
Copyright ©2000 - 2024, vBulletin Solutions, Inc.
Search Engine Friendly URLs by vBSEO 3.6.1
vBulletin Optimisation provided by vB Optimise (Lite) - vBulletin Mods & Addons Copyright © 2024 DragonByte Technologies Ltd.