IC 33 examination New syllabus? Model question papers??

Dear concern,

Kindly give me a information regarding IC 33 examination.

1. New syllabus,
2. Model question papers
3. How to apply for the exam.

Thanks / Regards,
Suresh. M

As per your request, here I am sharing the model question paper of IC 33 examination

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


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.

Distribution of Questions in IC 33 exam
1 How the Insurance Market Operates 3
2 Risk and Insurance 3
3 Insurance Principles & Practices 9
4 Insurance Underwriting 4
5 Basic Life Insurance Products 2
6 Savings Products 5
7 Other Key Financial Products 4
8 Identifying Client Needs 3
9 The Fact-find and Financial Planning 2
10 Good Client Practice 4
11 Claims 4
12 Legislation and Client Advice 1
13 Regulation and Client Advice 2
14 Customer Protection 2
15 Ethics and Code of Conduct 2

1. The concept of insurance involves a transfer of
A. liability. B. needs. C. ownership. D. risk.

2. Rakesh recently bought a health insurance policy and a personal accident policy. What main section(s) of the insurance market do these products normally fall into?
A. Life insurance in both cases. B. Life insurance for health and non-life insurance for personal accident. C. Non-life insurance in both cases. D. Non-life insurance for health and life insurance for personal accident.

3. The main role of an underwriter in a non-life insurance company is normally to
A. assess the acceptability of particular risks. B. certify a loss when claims are submitted. C. design the structure of the products to be offered. D. negotiate with the industry regulator.

4. Akshat is a relatively cautious person. In insurance terms, this will normally increase the likelihood that he will
A. be considered an above average insurance risk. B. be considered a below average insurance risk. C. require insurance cover. D. require reinsurance cover.

5. How are perils and hazards normally distinguished under term insurance policies?
A. Perils are medical factors which influence the risk of dying and hazards are lifestyle activities which influence the risk of dying. B. Perils are risks that policyholders will die before a specified date and hazards are factors which could influence that risk. C. Perils are factors which affect the risk being insured and hazards are the size of the risk being insured. D. Perils are factors which could influence an insured event occurring and hazards are the actual events which will trigger a payout.

Here I am uploading the English Syllabus of IRDA IC-33

Attached Files Available for Download

IRDA IC-33 English Syllabus.zip (1.10 MB, 264 views)

Here is some questions of IC 33 model question peper:

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%
For complete question paper here I am uploading a file in which question paper is available. feel free to download this file.


For IC 33 syllabus here I am uploading IC 33 brochure which contain complete syllabus. This syllabus is free for you.

Attached Files Available for Download

	IC 33 broucher.pdf (1.04 MB, 909 views)
	IC 33 question paper.doc (77.5 KB, 1105 views)

__________________
https://t.me/pump_upp

This paper is direct from workwithlic dot com many more papers available....

Can any one here provide me the syllabus and question paper of IRDA IC 33 examination??

see workwithlicdotcom for latest IC33 Mock Test and Training Material

Dear Sir,

Request you to share the model question papers of composite broker exams please.

Best Regards
Anil Adarkar
9886653455

Hi buddy here I am searchin for IC 33 examination New syllabus and modal question paper for Hindi subject so will you plz provide me same here ??

As you are asking for IC 33 examination New syllabus and modal question paper in Hindi so on your demand I am providing same here :

IC 33 examination New syllabus






Question paper
Que. 1 : How many life insurance companies are operating in India currently ?
1. 20 2. 23 3. 26 4. 24

Que. 2 : Which among the following is a method of risk transfer?
1. Real estate 2. Insurance 3. Equity shares 4. Bank FD

Que. 3 : Which is the first life insurance company in the world?Which is the first life insurance company in the world?
1. Bombay Mutual Assurance Society Ltd 2. Amicable Society for a perpetual Assurance 3. Lloyds Coffee House 4. National Insurance Company Limited

Que. 4 : Which among the following scenarios warrants insurance?
1. The sole bread winner of a family might die untimely 2. Stock prices may fall drastically 3. A person may lose his wallet 4. A house may lose value due to natural wear and tear

Que. 5 : Who devised the concept of HLV?
1. George Soros 2. Prof hlubener 3. Warren Buffet 4. Dr. Martin Luther King

Que. 6 : In insurance context risk retention indicates a situation where ___
1. Property is covered by insurance 2. Possibility of loss or damage is not there 3. One decides to bear the risk and its effects 4. Loss producing event has no value

Que. 7 : The measures to reduce chances of occurrence of risk are known as _____
1. Risk avoidance 2. Loss prevention 3. Risk transfer 4. Risk retention

Que. 8 : By transferring risk to insurer, it becomes possible _______
1. To ignore the potential risks facing our assets 2. To make money from insurance in the event of a loss 3. To become careless about our assets 4. To enjoy peace of mind and plan ones business more effectively

Que. 9 : Which of the below is not an element of the life insurance business?
1. Risk 2. Asset 3. Subsidy 4. Principle of mutuality

Que. 10 : Which of the following statement is true?
1. Insurance pays when there is loss of asset 2. Insurance reduces possibilities of loss 3. Insurance prevents its loss 4. Insurance protects the asset

Attached Files Available for Download

IC 33 examination New syllabus.pdf (135.0 KB, 11 views)

__________________
Answered By StudyChaCha Member