27-08-2012, 03:16 PM
IRDA Agent Licensing Question paper
IRDA-Sample-Paper-63.doc (Size: 21.88 KB / Downloads: 32)
1. A policy in which the payments to the annuitant begins 5 years after the policy has commenced is called -----------
a) 5 year
b) Immediate
c) Delayed
d) Deferred
2. The ability to do is -----------
a) Action
b) Skill
c) Attitude
d) Knowledge
3. Which of the following statement(s) are “TRUE”?
Statement A: A father can take a policy on the life of his own son who is 12 yrs old
Statement B: One can take a policy on the life of a friend to whom has lent money
a) Only statement A
b) Only statement B
c) Both statements
d) Neither of the statement
4. A duplicate policy can be issued when the original policy is
a) Lost
b) With assignee
c) Pledged against a loan
d) All the above
5. How is an annuity paid by the insurer?
a) In installments
b) In lump sum
c) In annual installments
d) In quarterly installments
6. In the case of moral hazard, -----------
a) A lien is placed
b) The sum assured is reduced
c) The proposal is declined
d) Extra premium is charged
7. Which of the following statement(s) are “TRUE”?
Statement A: The maturity proceeds of a policy are taxable as income
Statement B: The premium paid under an insurance policy is fully exempt from income tax
a) Only statement A
b) Only statement B
c) Both statements
d) Neither of the statement
8. Which of the following statements are “TRUE “ ?
Statement A: A department in an office is a place where some specialized kind of work is done.
Statement B: Agents are usually attached to branches of insurance offices.
a) Only statement A
b) Only statement B
c) Both statements
d) Neither of the statement
9. What is paid by the insurer when the policyholder decides to discontinue the policy ?
a) Intermediate Claim
b) Surrender Value
c) Forfeiture
d) Lapses
10. ----------- describes an agent who does not take the objections of his prospect lightely.
a) Non-professional
b) Arrogant
c) Professional
d) Mechanical