| 16th November 2015 04:41 PM | |
| Saksham | Re: To Join General Insurance Company Important or Not to Pass IRDA Exam On behalf of IRDA (Insurance Regulatory and development Authority), Agent pre recruitment exam is conducted by Insurance Institute of India. As you are asking that is it important to Pass IRDA Exam for General Insurance Company so to best of my knowledge yes it is important Here I am giving you the other info Eligibility Must have passed 10+ 2 from a recognised school Should be less than 30 years Syllabus Understanding insurance Providing technical product information Providing professional advice Understanding claims Fulfilling legal and regulatory requirements Understanding customer protection and ethics Some good questions to practise 1. The definition of rural area is where the total population is __________ (over 5000/ over 10000 / less than 5000) 2. Who in the insurance company is responsible for the solvency of the company_______________ 3. The principal is responsible for _________ of the agents a) all acts b) Some acts c) Specified acts d) Basic acts 4. An agent is expected to report on proponents ___________ status a) Financial b) Medical c) Both d) None of the earlier 5. In case of corporate agents, the amount of commissions earned from a corporate / organization / group / can not exceed ____ of total commissions a) 30%, b) 40%, c) 50%, d) 60% 6. State true or false - The issue of licenses required u/s 42 of the Insurance Act, 1938, is regulated by the IRDA Act of 2000 _______________. 7. The amount paid to an agent for procuring policies is called a) Commission b) Fees c) Salary d) Honorarium 8. _____________ is a document issued under the law authorizing a person to act as an insurance agent a) Mandate b) License c) Certificate d) Appointment 9. Which statement is Appropriate A) Going through the existing policies of a prospect whom he is meeting for the first time, the agent suggest that he should allow 3 of them to lapse & go in for a new policies B) Going through the existing policy of a prospect whom he was meeting for first time, the agent suggest that nomination be made & offered to get them registered by the office a) A Statement b) B Statement c) Both Statement d) Neither of Statement 10. True or False a) Nomination can be changed any number of times. b) Assignment can be effected at the proposal stage. c) License fee for renewal of agent’s licence is Rs. 100/-. d) Level premium creates reserves. e) Agent is an employee of Insurance Company. f) An employer has no insurable interest in the lives of his employees. g) An agent can work for two life insurance companies at the same time. h) Under deferred annuity system, the annuity begins within the first year. i) For a sum assured of Rs.20, 000/- the rebate for large sum assured is Re.1/-. j) Individual policies are issued in Group Insurance. k) The bonus is declared under all plans. l) Insurance can be granted to those women who observe purdah. |
| 16th November 2015 03:51 PM | |
| Unregistered | To Join General Insurance Company Important or Not to Pass IRDA Exam Sir I want to become the General Insurance Company so is it important to Pass IRDA Exam |
