IRDA Exam Pepar

Recently I have applied for IRDA Agent Licensing Recruitment. I will appear in Written Test. So I need some sample question papers of Written Exam conducted by IRDA to practice before appearing in Exam?

As you are looking to download sample question papers of IRDA Agent Licensing Exam, so I am giving following sample paper:

IRDA Agent Licensing Sample Question Paper
1) The principle to be followed by both the parties in an insurance contract, with reference
to disclosure of all the relevant facts, is known as ----------------------------------------------------

2) The life insurance scheme, which allows an employer to insure the lives of important
employees in the organization, in order to cover the risk arising out of their premature death is known as ---------------------------------------------------------.

3) The Insurance Act was passed in the year
a) 1928
b) 1938
c) 1939
d) 1942

4) In life insurance, the ___________ is authorized to collect the claim amount after the
death of the policyholder.

5) How is, the person appointed by the Government to settle disputes between the insurers
and the insured, better known as? __________________

6) Assignment usually effected for consideration of natural love and affection is:
__________ .

7) A process whereby the beneficial interest, right and title under a policy gets transferred
is called __________ .

8) Fill in the blanks.
a. To sell insurance an agent must understand the prospect’s insurance ______.
b. An agent has to ensure that without a lapse, the new policy issued should continue till it
becomes a __________.
c. The ______________ is also accompanied by the agent’s _____________ report.
d. In nomination the policyholder ____________ all rights under the policy.
e. The two types of assignments are _________________ and ________________.
f. A lapsed policy can be revived in _______ ways.
g. The __________ should help the prospect in revival process.
h. Maturity claim can be done after filling up the _______________ voucher.
i. Indemnity bond is executed by the policy holder in case the policy is
___________ or _____________.

9) The capability to function as an agent would be measured partly by the business that is
done and the commission that is earned.(T/F)

10) An agent’s reputation must be such in the market that will help him to collect more
references from his policyholders.(T/F)

11) Product knowledge ends with knowing the broad terms and conditions of the policy and
the extent of cover.(T/F)

12) Good product knowledge will help one to be aware of the possible drawbacks in the
policy, the tax implications, the fit with the client's need, the extent to which the client has to
take precautions so that the benefits may not be lost.(T/F)

13) An agent is a professional and a businessman.(T/F)

14) An agent is both a professional and a businessman and there is no conflict between the
two.(T/F)

15) An agent's revenue is in the nature of commission on premium. (T/F)

16) Professional agents must set aside both funds as well as time for their personal
growth.(T/F)

17) Salesmanship is different from management.(T/F)

18) For an insurance agent the whole world is a potential market. (T/F)

19) The segment in which an agent operates is called his target market / segment. An agent
must have only one target market. (T/F)

20) An agent sells himself before he sells his product.(T/F)

Attached Files Available for Download

IRDA Agent Licensing Sample Question Paper.pdf (395.0 KB, 20 views)

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