LIC Agent Exam Papers

I want to download the Question Papers of LIC Agent Exam. So will you provide the following Question Papers?

Here I am providing the list of few questions of LIC Agent exam question paper which you are looking for .

1. Which Indian filmstars was recently conferred Honorary Doctorate by Bedfordshire University, (U.K.) ?
(A) Amitabh Bachhan
(B) Shah Rukh Khan
(C) Om Puri
(D) Amir Khan
Ans : (B)

2. Williams Sisters won the U.S. Open Women’s Doubles Title 2009 after defeating in the final—
(A) Leizal Herber and Cara Blank
(B) Kim Clijsters and Anna Kournikova
(C) Coroline Wozniacki and Dinara Safina
(D) Nathalie Deshy and Sania Mirza
Ans : (A)

3. Which one of the following is a military alliance ?
(A) ASEAN
(B) SAARC
(C) NATO
(D) NAFTA
Ans : (C)

4. The recipient of the 42nd Jnan Peeth Award is—
(A) Manohar Shastri
(B) Harish Pandya
(C) Satya Vrat Shastri
(D) K. Kamal Kumar
Ans : (C)

5. World Development Report is an annual publication of—
(A) UNICEF
(B) UNDP
(C) WTO
(D) World Bank
Ans : (D)

6. Which one of the following is correct ?
Player — Sport
(A) Jeev Milkha Singh —Tennis
(B) Jhulan Goswami —Cricket
(C) Baichung Bhutia —Hockey
(D) Pankaj Advani —Badminton
Ans : (B)

7. Which one of the following industrialists was declared ‘The Business Person of the year 2008’ by the Times of India Survey ?
(A) Anil Ambani
(B) Rahul Bajaj
(C) Ratan Tata
(D) Gautam Adani
Ans : (C)

8. Naina Devi peak forms a part of—
(A) Himalayan range located in Sikkim
(B) Himalayan range located in Kumaon region
(C) Himalayan range located in Nepal
(D) Himalayan range located in Jammu & Kashmir
Ans : (B)

9. The aim of the ISRO’s OCEANSAT-2 satellite is—
(A) To provide ocean scientists knowledge about mineral resources under the sea
(B) To aid fishermen in identifying fishing zones
(C) To aid weathermen to forecast cyclones and weather conditions
(D) All the above
Ans : (D)

10. Who amongst the following is not the recipient of the Rajiv Gandhi Khel Ratna Award ?
(A) Vijendra Singh
(B) Sushil Kumar
(C) M. C. Marykom
(D) Abhinav Bindra
Ans : (D)

11. Nilgiri, Himgiri and ‘Beas’ are—
(A) Aircraft Carrier ships
(B) Frigates
(C) Nuclear submarines
(D) Oil tankers of ONGC
Ans : (B)

12. The age of a tree can be calculated by—
(A) Number of branches
(B) Its height
(C) Girth of its trunk
(D) Number of its annual rings
Ans : (D)

13. Which one of the statements below explains the external economies of scale ?
(A) Starting a computer firm in a Techno Park to avail the expertise
(B) Expanding firms employing specialist accountants, lawyers and managers
(C) A manufacturer spreading the research and development cost over the output
(D) A major supermarket gaining bulk discounts on direct purchase
Ans : (C)

14. Which one of the following types of unemployment is common in Indian agriculture ?
(A) Frictional
(B) Structural
(C) Disguised
(D) Seasonal
Ans : (D)

15. A rolling plan refers to a plan which—
(A) Does not change its targets every year
(B) Changes its allocations every year
(C) Changes its allocations and targets every year
(D) Changes only its targets every year
Ans : (C)

16. An instrument of qualitative credit control in India is—
(A) Open market operations
(B) Credit rationing
(C) Change in reserve ratio
(D) Bank rate policy
Ans : (B)

17. Laissez-faire is a feature of—
(A) Socialism
(B) Communism
(C) Capitalism
(D) Mixed Economy
Ans : (C)

18. Which one of the following is not a source of the tax revenue in Indian States ?
(A) Land Revenue
(B) Motor Vehicle Tax
(C) Entertainment Tax
(D) Corporate Tax
Ans : (D)

19. CSO has changed its base year for National Income estimation. The new base year is—
(A) 1990-91
(B) 1993-94
(C) 1994-95
(D) 1995-96
Ans : (B)

20. Which is the biggest enterprise of the Government of India ?
(A) Postal and Telegraph
(B) Railways
(C) Banking
(D) Shipping
Ans : (B)

21. In which type of competition does Marginal Revenue Curve coincide with Average Revenue Curve ?
(A) Monopoly
(B) Imperfect Competition
(C) Perfect Competition
(D) Monopolistic Competition
Ans : (C)

22. According to J. A. Schumpeter, entrepreneurs are entitled to enjoy the profit for their……… activities.
(A) Innovative
(B) Risk taking
(C) Risk averting
(D) Hard work
Ans : (A)

23. Demonstration effect means—
(A) Effect of advertisement
(B) Imitating effect of consumption
(C) Effect of entertainment
(D) Effect of an experiment
Ans : (B)

24. Homogeneous product is a feature of—
(A) Imperfect market
(B) Monopoly
(C) Oligopoly
(D) Perfect market
Ans : (D)

25. Which part of the Indian Constitution declares the Ideals of Welfare State ?
(A) Fundamental Rights
(B) Fundamental Duties
(C) Preamble
(D) Directive Principles of State Policy
Ans : (D)

26. Who said, “Parliamentary System provides a daily as well as a periodic assessment of the Government” ?
(A) Dr. B. R. Ambedkar
(B) Shri B. N. Rao
(C) Shri Jawahar Lal Nehru
(D) Dr. Rajendra Prasad
Ans : (A)

27. The legal advisor to the State Government is known as—
(A) Advocate-General
(B) Attorney-General
(C) Solicitor-General
(D) State Public Prosecutor
Ans : (A)

28. The maximum duration of Zero Hour in Lok Sabha is—
(A) 30 minutes
(B) One hour
(C) Two hours
(D) Unspecified
Ans : (B)

29. Which agency acts as co-ordinator between Union Government, Planning Commission and State Governments ?
(A) National Integration Council
(B) Finance Commission
(C) National Development Council
(D) Inter-State Council
Ans : (C)

30. When will demand become a grant ?
(A) When a demand is proposed
(B) After the discussion on demand is over
(C) After the demand is granted
(D) When the Budget Session is closed
Ans : (C)

31. What makes the Judiciary the guardian of the Constitution ?
(A) Independence
(B) Service Conditions
(C) Salary
(D) Judicial Review
Ans : (D)

32. What is the name of Judicial organ of UNO ?
(A) Supreme Court
(B) Court of International Justice
(C) Judicial Forum
(D) International Court of Justice
Ans : (D)

33. The Election disputes regarding the Election of President and Vice-President can be heard by—
(A) Parliament
(B) Central Election Commission
(C) Supreme Court
(D) Attorney-General of India
Ans : (C)

34. Balwant Rai Mehta Committee suggested that the structure of Panchayati Raj should consist of—
(A) The village, the block and the district levels
(B) The mandal and the district levels
(C) The village, the district and the State levels
(D) The village, the mandal, the district and the State levels
Ans : (A)

35. Which of the following has banned ‘floor crossing’ by the members elected on a party ticket to the legislature ?
(A) 52nd Constitution Amendment
(B) Representation of People Act
(C) National Security Act
(D) Maintenance of Internal Security Act
Ans : (A)

36. The expression ‘Creamy Layer’ used in the judgement of the Supreme Court relating to the case regarding reservations refers to—
(A) Those sections of society which pay Income-tax
(B) Those sections of socially and educationally backward classes of the society that are economically advanced
(C) Those sections of the society that are considered advanced according to Karpuri Thakur formula
(D) All sections of upper castes of the society
Ans : (B)

37. When was the Panchtantra written ?
(A) Maurya Period
(B) Kanishka Period
(C) Gupta Period
(D) Harsha Period
Ans : (C)

38. Which one among the following is regarded as the ‘Magna Carta’ of Indian education ?
(A) Wood’s Despatch
(B) Hunter’s Commission
(C) Sadler Commission
(D) Wardha Scheme
Ans : (A)

39. The battle of Mahabharata is believed to have been fought at Kurukshetra for—
(A) 14 days
(B) 16 days
(C) 18 days
(D) 20 days
Ans : (C)

40. The Mukteswara Temple is located at—
(A) Puri
(B) Belur
(C) Konark
(D) Bhubaneswar
Ans : (D)

41. Which king of the Gupta Dynasty was called the ‘Napoleon of India’ ?
(A) Samudragupta
(B) Chandragupta Vikramaditya
(C) Sri Gupta
(D) Chandragupta-I
Ans : (A)

42. Between which two rulers was the First Battle of Panipat fought ?
(A) Akbar and Bahlol Lodi
(B) Babur and Ibrahim Lodi
(C) Bairam Khan and Sikandar Lodi
(D) Shah Jahan and Daulat Khan Lodi
Ans : (B)

43. Who is the author of Ain-i-Akbari ?
(A) Abul Fazal
(B) Abdus Samad
(C) Bairam Khan
(D) Raja Todarmal
Ans : (A)

44. Match List-I with List-II and select the correct answer by using the codes given below the lists—
List-I — List-II(a) Peshwas 1. Nagpur
(b) Gaekwads 2. Pune
(c) Bhonsles 3. Indore
(d) Holkers 4. Baroda
Codes a) (b) (c) (d)
(A) 2 4 1 3
(B) 1 3 2 4
(C) 2 4 3 1
(D) 4 3 2 1
Ans : (A)

45. Which reformer from Maharashtra was known as Lokhitavadi ?
(A) Pandit Ramabai
(B) Gopal Krishna Gokhale
(C) M. G. Ranade
(D) Gopal Hari Deshmukh
Ans : (D)

46. ‘Din-e-Ilahi’ of Akbar was not a success because—
(A) After Akbar, it was not patronized
(B) The Muslims did not accept other religious practices
(C) It was not suitably projected to the masses
(D) All the above
Ans : (D)

47. Who was the author of the book ‘My Experiments with Truth’ ?
(A) Aurobindo Ghosh
(B) Bal Gangadhar Tilak
(C) M. K. Gandhi
(D) Vinoba Bhave
Ans : (C)

48. Give the correct chronological order of the following events—
1. Formation of Muslim League
2. Formation of All India Untouchability League
3. Formation of All India Trade Union Congress
4. Formation of Indian National Congress
(A) 2, 4, 1, 3
(B) 3, 4, 1, 2
(C) 4, 3, 1, 2
(D) 4, 1, 3, 2
Ans : (D)

49. 80% of the coal in India comes from—
(A) Jharia and Raniganj
(B) Kantapalli and Singareni
(C) Singrauli and Korba
(D) Neyveli
Ans : (A)

50. Dry zone agriculture in India contributes nearly 40% of the total—
(A) Commercial crops
(B) Fodder crops
(C) Food crops
(D) Plantation products
Ans : (D)

51. The precipitation consisting of a mixture of snow and rain is—
(A) Sleet
(B) Smog
(C) Snow-line
(D) Fog
Ans : (A)

52. ‘Operation Flood’ was launched in 1970 to—
(A) Control floods
(B) Increase milk production
(C) Improve water sources
(D) Construct more dams
Ans : (B)

53. Photogrammetry is—
(A) Portraying gradient
(B) Movement of setlines
(C) A method of solving geometrical problems
(D) Use of photography in surveying and mapping
Ans : (D)

54. The spice State of India is—
(A) Tamil Nadu
(B) Bihar
(C) Gujarat
(D) Kerala
Ans : (D)

55. Jog Falls is found across the river—
(A) Cauvery
(B) Kabini
(C) Krishna
(D) Sharavati
Ans : (D)

56. Which of the following sea ports of India is the main outlet for export of Tea ?
(A) Mumbai
(B) Kolkata
(C) Kandla
(D) Chennai
Ans : (B)

57. The International Date Line passes through the—
(A) Pacific Ocean
(B) Atlantic Ocean
(C) Indian Ocean
(D) Arctic Ocean
Ans : (A)

58. Which of the following is not a form of precipitation ?
(A) Rainfall
(B) Snowfall
(C) Fog
(D) Hail
Ans : (C)

59. Which of the following is a Great Circle ?
(A) The Tropic of Cancer
(B) The Arctic Circle
(C) The Equator
(D) The Tropic of Capricorn
Ans : (C)

60. Tides in the sea have stored in them—
(A) Hydraulic energy
(B) Kinetic energy
(C) Gravitational potential energy
(D) A combination of all the above
Ans : (D)

61. Which component of blood is considered as the guard cell of our body ?
(A) R.B.C.
(B) Platelets
(C) Plasma
(D) W.B.C.
Ans : (D)

62. Camel can walk easily in the desert, because—
(A) It has thick skin
(B) It can maintain water level in the body
(C) It has a layer of fat under the skin to combat heat
(D) It has long legs with padded paws
Ans : (D)

63. The function of arteries in our body is to—
(A) Carry blood away from the heart
(B) Purify the blood
(C) Manufacture White Blood Corpuscles
(D) Carry blood back to the heart
Ans : (A)

64. Plants climb by means of—
(A) Tendrils
(B) Roots
(C) Pistil
(D) Branches
Ans : (A)

65. This term is associated with the Biology of silkworms.
(A) Apiculture
(B) Sericulture
(C) Sylviculture
(D) Pisciculture
Ans : (B)

66. Pick out the correct sequence of a simple land food chain :
1. Deer
2. Grass
3. Tiger
(A) 1–2–3
(B) 3–2–1
(C) 1–3–2
(D) 2–1–3
Ans : (D)

67. Sex in human beings is determined by—
(A) Vitamins
(B) Chromosomes
(C) Hormones
(D) Nutrients
Ans : (B)

68. Deficiency of fluorine in drinking water causes—
(A) Dental caries (cavity)
(B) Dental fluorosis
(C) Skeletal fluorosis
(D) Goiter
Ans : (A)

69. In man,urea is formed in—
(A) Kidney
(B) Liver
(C) Nephron
(D) Urinary Bladder
Ans : (B)

70. The most important function of perspiration is—
(A) Get rid of the body wastes
(B) Regulate body temperature
(C) Regulate body wastes
(D) Lubricate the skin
Ans : (B)

71. ECG is the instrument that records—
(A) Potential different of cardiac muscles
(B) Rate of respiration
(C) Rate of glomerular filtration
(D) Volume of blood pumped
Ans : (A)

72. Hot spot is an area having—
(A) Wide variety of species
(B) Wealth of endemic species
(C) Rich variety of flora and fauna
(D) Conserving species in natural habitat
Ans : (B)

73. Electromagnet is used in a—
(A) Calling bell
(B) Computer
(C) Motor
(D) Washing machine
Ans : (A)

74. Kilo Watt Hour represents the unit for—
(A) Force
(B) Power
(C) Time
(D) Energy
Ans : (D)

75. A transformer is used to—
(A) Convert mechanical energy into electrical energy
(B) Convert alternating current into direct current
(C) Convert direct current to alternating current
(D) Transform alternating current voltage
Ans : (D)

76. Clear nights are colder than cloudy nights because of—
(A) Conduction
(B) Condensation
(C) Radiation
(D) Insolation
Ans : (C)

77. A stick partly dipped in water appears broken due to—
(A) Reflection
(B) Refraction
(C) Total internal reflection
(D) Diffraction
Ans : (B)

78. What is condensation ?
(A) Change of gas into solid
(B) Change of solid into liquid
(C) Change of vapour into liquid
(D) Change of heat energy into cooling energy
Ans : (C)

79. Kinetic energy is converted into electrical energy in—
(A) Electric Motor
(B) Dynamo
(C) Electromagnet
(D) Ammeter
Ans : (B)

80. Floppy disk is an example of—
(A) Read Only Memory
(B) Random Access Memory
(C) Cache Memory
(D) Secondary Storage Memory
Ans : (D)

81. Which of the following compounds are sprayed over clouds to cause artificial rain ?
(A) Ice
(B) NaOH
(C) AgI
(D) NH4Cl
Ans : (C)

82. Iodine deficiency in diet is known to cause—
(A) Rickets
(B) Obesity
(C) Scurvy
(D) Goiter
Ans : (D)

83. The refrigeration of the food articles keeps them fresh, because—
(A) Water forms crystals
(B) Chemical reaction is slowed down
(C) Chemical reaction take place faster
(D) Bacteria are killed
Ans : (A)

84. Which substance is called the ‘liquid gold’ ?
(A) Gold as a liquid form
(B) Sodium as a liquid form
(C) Mustard oil
(D) Petroleum oil
Ans : (D)

85. Percentage of silver in German silver is—
(A) 25%
(B) 0%
(C) 75%
(D) 80%
Ans : (B)

86. Which type of compounds are sugar and common salt ?
(A) Both are organic compounds
(B) Both are inorganic compounds
(C) Sugar is an organic compound and common salt is an inorganic compound
(D) Sugar is inorganic compound and common salt is an organic compound
Ans : (C)

87. The chemical name of Vitamin ‘E’ is—
(A) Ascorbic acid
(B) Retinol
(C) Tocopherol
(D) Thiamine
Ans : (C)

88. Which of the following gases has bleaching property ?
(A) Carbon dioxide
(B) Carbon Monoxide
(C) Chlorine
(D) Hydrogen
Ans : (C)

89. The heaviest body of our Solar system is—
(A) Sun
(B) Uranus
(C) Jupiter
(D) Saturn
Ans : (A)

90. From amongst the following; name the famous Indian ornithologist—
(A) Dr. Salim Ali
(B) Dr. Gopalasamudram N. Ramachandran
(C) Dr. J. B. S. Haldane
(D) Dr. H. G. Khorana
Ans : (A)

91. Who performed the longest space journey in the year 2007 ?
(A) Venus Williams
(B) Serena Williams
(C) Sunita William
(D) Sir John William
Ans : (C)

92. ‘The Lost Child’ was written by—
(A) Nirad C. Chowdhury
(B) Mulk Raj Anand
(C) Khushwant Singh
(D) Annie Besant
Ans : (B)

93. Dr. M. S. Swaminathan has distinguished himself in which of the following fields ?
(A) Nuclear Physics
(B) Agriculture
(C) Astrophysics
(D) Medicine
Ans : (B)

94. The Headquarters of UNESCO is at—
(A) Rome
(B) Geneva
(C) Paris
(D) New York
Ans : (C)

95. January 15 is celebrated as the—
(A) Army Day
(B) Martyr’s Day
(C) Independence Day
(D) Ugadhi
Ans : (A)

96. Bijapur is known for its—
(A) Heavy rainfall
(B) Rock Temple
(C) Gol Gumbaj
(D) Statue of Gomateshwara
Ans : (C)

97. The Americans are also known as—
(A) Kiwis
(B) Yankees
(C) Tories
(D) None of the above
Ans : (B)

98. India lifted the ONGC Nehru Cup, 2009 after defeating in the final—
(A) Syria
(B) Pakistan
(C) Sri Lanka
(D) Bangladesh
Ans : (A)

99. An element which does not react with oxygen is—
(A) Chlorine
(B) Iodine
(C) Helium
(D) Nitrogen
Ans : (C)

100. During sleep, man’s blood pressure—
(A) Increases
(B) Decreases
(C) Fluctuates
(D) Remains constant
Ans : (B)

As you want to get the Question Papers of the LIC Agent Exam, so here I am providing the following Question Papers:

LIC Agent Exam Question Papers

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

email
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

email
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

__________________
Answered By StudyChaCha Member