Free Online IRDA Exam

Hii sir, I am Preparing for the License Agent Examination Will you Please provide me Some Sample Questions for the License Agent Examination of IRDA ?

[shikha]

As you Asking for the License Agent Examination of IRDA the Sqample Question Are given below


Amruta is pregnant. She has applied for a term insurance cover. Which of the below option will be the best option to choose for an underwriter to offer insurance to Amruta? Choose the most likely option.

Acceptance at ordinary rates
Acceptance with extra premium
Acceptance with a restrictive clause
Decline the proposal



Which among the following is a non-traditional life insurance product?

Endowment insurance
Universal life insurance
Whole life insurance
Term assurance


Mahesh has bought a life insurance policy with a critical illness rider. He has made absolute assignment of the policy in favour of Karan. Mahesh suffers a heart attack and there is a claim of Rs. 50,000 under the critical illness rider. To whom will the payment be made in this case?

Karan
Mahesh
The payment will be shared equally by Mahesh and Karan
Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in favour of Karan



An insurance broker represents _______.

Insurance company
Community of people who have already taken insurance
Insured
Association of insurance companies



For an insurance policy nomination is allowed under _________ of the Insurance Act, 1938.

Section 10
Section 45
Section 39
Section 38


Question 6
_____________ relates to inaccurate statements, which are made without any fraudulent intention.


Offer
Representation
Contribution
Misrepresentation


For the subsequent premiums received by the insurance company after the first premium, the company will issue _________

Restoration premium receipt
Revival premium receipt
Renewal premium receipt
Reinstatement premium receipt


What is the time limit for approaching an Insurance Ombudsman?

Within two years of rejection of the complaint by the insurer
Within one year of rejection of the complaint by the insurer
Within three years of rejection of the complaint by the insurer
Within one month of rejection of the complaint by the insurer


Health insurance is designed to handle which of the following risks?

Infinity
Mortality
Serendipity
Morbidity


“Hurt not others with that which pains yourself”. This golden rule of ethics is given in the teaching of which religion?

Christianity
Buddhism
Hinduism
Judaism


Money laundering is the process of bringing _______ money into an economy by hiding its _______ origin so that it appears to be legally acquired.

Illegal, illegal
Legal, legal
Illegal, legal
Legal, illegal

Which of the below losses are covered under keyman insurance?

General liability
Losses caused due to errors and omission
Losses related to the extended period when a key person is unable to work
Property theft


Which of the following condition will affect a person’s insurability negativ

Lazy nature
Daily jogs
Banned substance abuse
Procrastination


Which among the following is an intangible product?

Life insurance
Car
House
Soap



Mortgage redemption insurance (MRI) can be categorised under ___

Universal life assurance
Variable life assurance
Decreasing term life assurance
Increasing term life assurance