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#1
February 15th, 2012, 04:42 PM
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 IC 33 Exam is compulsory to become Insurance Agent of IRDA life insurance company …here I am giving you question paper for IC 33 Examination in file attached with it .. 1. Which channel promote bank(s) to sell life insurance policies Direct brokers Composite brokers Banc-assurance None of the above 2. The Indian Insurance Act was formed in the year 1928 1938 1912 None of the above 3. Code of conduct for agents are specified by Insurance Act Income Tax Act IRDA Act Indian Contract Act 4. Which of the following statement is correct? Insurance can prevent the occurrence of risks Insurance can reduce the impact of risk Both are correct Both are wrong 5. The probability that one person will die with in one year is calculated by Underwriter Medical referee Actuary All of the above 6. Insurance applies to _________________ pool of risk with ______________. Heterogeneous & law of large number Homogenous & law of large number Heterogeneous & law of few number. Homogenous & law of few number. 7. Janvi borrows Rs 10 lacs from Geeta. She returns Rs 2lacs in the next month.Geeta now plans to take an insurance polcy on life of Janvi. Which of the statement is true? Geeta cannot take Policy on life of Janvi as there is no insurable interest. Geeta can take Policy on Janvi to the extent of total loan amount. Geeta can take policy of unlimited amount. Geeta can take policy unto the extent of unpaid loan amount. 8. Mohit took a policy and declared that he drinks alcohol. He did not declare that he was operated for hernia in the last year as he was all right now and felt it was not important to declare. This is a case of Misrepresentation Fraudulent misrepresentation Innocent misrepresentation. Non-Disclosure. 9. Rajan takes a Family Floater health insurance of Rs 3 lacs from Insurance company X and has a health cover of Rs 2lacs from another company Y from his employer side. He suffers from heart attack and has a total bill of Rs 4 lacs. He can take claim from Company X Company Y Both the companies to the extent of Rs 4 Lacs Both the companies to the extent of Rs 5 lacs. 10. A company ABC can buy insurance for Key Man Managers of the company Sales representatives All the above 11. The main supplier of the material fact is The Agent since he meet the L2BI The proposer The insurance company The neighbors. 12. Rama bought an insurance policy in the year 2002 and did not disclose that she was suffering from cancer. She died in the year 2007. The insurance company needs to Repudiate the claim Make the contract null and void Keep all the premiums Need to establish the fraud. 13. IN AN INSURANCE CONTRACT, CONSIDERATION IS THE SUMASSURED TAKEN BY THE PROPOSER FROM THE INSURANCE COMPANY PREMIUM PAID BY THE PROPOSER TO INSURANCE COMPANY BOTH ARE CORRECT BOTH ARE WRONG 14. LIFE INSURANCE COMPANIES GENERATE INTEREST IN THEIR PRODUCTS THROUGH MASS MEDIA ADVERTISEMENTS PROSPECTUSES INSURANCE AGENTS ALL OF THE ABOVE 15. In the event of Lapsed policy being revived which of the following must exist Insurable interest & Good health Utmost good faith & Disclosure of material facts None of the above All of the above 16. Maximum possible loss refers to Maximum amount of loss that can occur If a certain event occurs In case of any event occurring Both A& B are correct Both A& B are wrong 17. Agent prepares confidential report based on which information of Proposer Financial position of Proposer Number of dependents Life style, Habits & hobbies All of the above 18. The premium is invested until it is required to pay claims True False 19. Interim bonus is for Policies Policies on which matures between the two valuation dates Both are correct Both are wrong 20. Mahesh bought a ULIP 10 year back. At Maturity the market went significantly low. What can Mahesh consider? Can extend the term of the policy. Can opt for the settlement option. Can opt for any of the option Can do none of these 1 Sanjeev is an insurance expert who has rich experience in determining premium levels for product, what is his profile like an actuary loss adjuster risk manager underwriter 2 The Non Government organizations(NGO) helps the insurance industry immensely in Promotional activities Drafting new regulations Linking buyers and sellers Linking third party administrators 3 Investment by foreign direct investors in to Insurance co's is restricted to 12% 25% 40% 26% 4 Which market does the Micro Insurance Concentrate on ? People with large families People with Low Income Government Employees people living in Metro cities 5 What facility do the insurer use to cover Risk beyond their Limits ? Re Insurance Banca assurance NGO RBI 6 What is the max level under which micro insurance can be done 5000 25000 50000 1 lac 7 Who is the customer of a Re insurer High Networth Individual Insurance Companies Licenced Insurance Agents Non Government Organisation 8 Insurance company transfers the insurance which cannot bear by them to Bancassurance Reinsurance TPAs Actuaries 9 A policy holder takes two insurance policy and the premium amount is identical and he gets lesser commission in one of contract the reason is likely to be one policy has more SA ONE POLICY has more term one policy is a single premium One of the policy has higher Premium 10 An agent reveals his commission received from insurance sales to X&Y .Both plans are of same duration . Why is commission of X far higher that that of Y X has brought other limited premium product Y has brought a single premium product X is married Y is Single 11 Customer asks the agent to disclose the commission . The agent should disclose on demand Not disclose Should call up the Insurer Should avoid the topic 12 The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is Ask the insurer to give a policy endorsement letter From the fact details From signed copy of benefit illustration From ticked column of proposal form 13 Churning is bad , based on which aspect Agents earn Lower Commission on churning Policyholder gets more benefits Policyholders suffer due to surrender charges and benefits Insurance companies get good branding 14 What over riding criteria an insurance agent consider while proposing a solution risk suitability Flexibility Cost 15 Sales Target is reduced . Churning will Increase Decrease Will not affect Partially 16 Higher persistency to the insurer ensures what ? More productivity Higher attrition Higher Profits Higher S.A 17 Persitency =has increased from 82 % in previous year to 86 % this year . That means more lapsation more attrition less lapsation No profits 18 What is the maximum Time in which The insurer should settle a claim when all documents are submitted 3 days 15 days 30 days 10 days 19 A missing person is considered to be dead after 5years 8years 12 years 7years 20 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% 6% 9% 7% 8% 21 A claim was submitted & in how many days company should ask for additional documents if required 15 days 10days 20 days 30 days 22 Vivek takes insurance policy and dies after 8 months . If the claim needs to be excluded basis the exclusion cause what could be the cause suicide murder Death was due to Accident Body not found 23 An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is th limits 10% 20% He cannot offer any commission He can offer up to 50% 24 Consumer Forum at district level will hear complaints up to 20L 40L 1Cr 10L 25 How much is the rebate allowed by IRDA to client Nil 5% 10% 35% 26 The controller of insurance in india is IRDA RBI SEBI Insurance ombusdmen 27 A insurer advertises through daily news paper . What type of marketing is cross selling direct selling Solicitation of Policy Brand building 28 Investment by NRI(Non Resident Indian) will be No risk Low risk Medium risk High risk 29 MWP- If the policy is endorsed under MWP - then the beneficiaries are wife and ? parents ex wife children mother 30 Mr.Sunil is doing premium calculation for his company, as per which authority is his profession related to Council of Actuaries Insurance council of India Insurance institiute of India IRDA 31 Basic qualifications of agent sound mind & graduate sound mind & good income level Age and income level His contacts in the market to solicit Insurance 32 Which Institution was Constituted by Insurance Act 1938 Insurance Institute of India Life Insurance Council Insurance Broker Association General Insurance Council 33 What is the role of National Insurance Academy? To regulate To advise Government To undertake training activities To Advertise globally on Indian Insurance 34 According to IRDA act 1999, central governments involve in insurance industry over Policy matters complex technical issues Promotional activities Licensing of Insurance companies 35 Complaint council bodies other than IRDA grievance readdress forum & COPA Ombudsman Insurance Institute of India Insurance Association FERA 36 What are the ways by which a policy holder can make complaints Toll free No. Newpaper Email or Toll free Number 37 What are the ways in which IRDA can be contacted . One is thru toll free number and other is Insurance ombudsmen visiting regional office Through Agents 38 A policy holder submits cancellation of his term insurance policy , the insurer accepts the form and fails to give the benefit and the policy holder writes to IRDA post which the settlement should be within 10 days 15 days 20 days 30 days 39 What is the maximum level of complaint that can be considered and taken action by ombudsmen 20 lac 25 lac 30 lac 50 lac 40 What is the period of award passed to the customer decided by ombudsman? 2months 3 months 5 months 6 months 41 An Award is passed by Ombudsman .In how many days it should be honored by Insurance Co 15 days 30 days 60 days 90 days 42 Karthik written to his insurer about non settlement of a maturity calim,as per regulations,the insurer has to reply to this within how many working days 3 5 7 10 43 Raju is a certified license holder under what circumstances he needs to hold his certified license with him that is issued by irda under all circumstances when he sells term insurance when he represents himself as another insurer when he sells pension policies 44 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 He has to inform the customer that the co has broken relationship with the customer He plans to change the plan He has to explain the reasons for rejection to the customer He takes up with the higher authorities 45 Lung Cancer and Smoking . lung cancer is peril and smoking is moral hazard smoking is peril and lung cancer is hazard Death is certain Is occupational hazard 46 The type of risk that can be insured against is Speculative Risk Pure Risk Pure & Speculative risk Non Financial Risk 47 Harish takes a life insurance policy for Ramesh. Which of the following statement best describes the principle of Insurable Interest. Ramesh declares all his liabilities Ramesh is elder than Harish Ramesh owes money form Harish Harish suffers financial loss incase of death of Ramesh 48 What is the min age to enter into the contract of insurance 16 18 20 21 49 In a whole life plan - The policyholider's responsibility to give disclosure at the beginning of the contract through out the contract Revival stage beginning of renewal 50 Types of assignment Absolute Term assignment Conditional Absolute & Conditional Last edited by Aakashd; May 20th, 2019 at 01:35 PM.  |
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#2
February 26th, 2012, 03:02 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
Please provide me the syllabus for Life Insurance by Agent Training Institute..
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#3
February 26th, 2012, 03:03 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
I have found the syllabus of IRDA Life insurance examination in PDF format. But it is in English. I have found the model test papers also. But they are also in English. I am attaching the syllabus in English to see if it is of any use for you. Please log in to studychacha.com to download this file.
__________________ Answered By StudyChaCha Member |
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#4
March 9th, 2012, 12:56 AM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
sir, I want to LIC agency.please give me a model paper for perecties thankyou. |
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#5
April 18th, 2012, 08:16 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
sir i want the ic-33 life insurance new syllabus book & model question for my training study please sent it to my mail id vsskrishnav@gmail.com |
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#6
May 4th, 2012, 08:07 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
plz send me IRDA exam question paper.
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#7
June 7th, 2012, 12:01 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
i need ic 33 new sylabus moktest in marathi
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#8
June 18th, 2012, 04:13 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa
I want ic-33 life insurance new syllabus & model question papers in Bengali language for irda exams.
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#9
June 18th, 2012, 04:26 PM
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 Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa Quote:
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#10
June 18th, 2012, 04:36 PM
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| Re: ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exa Quote:
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