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#1
18th August 2014, 03:15 PM
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| Paper for IC 33 IRDA
Will you please provide me question paper for IRDA IC 33 examination as soon as possible ?
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#2
19th August 2014, 02:32 PM
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| Re: Paper for IC 33 IRDA
Here I am giving you question paper for IRDA IC 33 examination in a file attached with it so you can get it easily. Question 1 Sanjeev is an insurance expert who has rich experience in determining premium levels for product, what is his profile like A an actuary B underwriter C risk manager D loss adjuster Question 2 The Non Government organizations(NGO) helps the insurance industry immensely in A Promotional activities B Drafting new regulations C Linking buyers and sellers D Linking third party administrators Question 3 Investment by foreign direct investors in to Insurance co's is restricted to A 12% B 25% C 26% D 40% Question 4 Which market does the Micro Insurance Concentrate on ? A People with large families B People with Low Income C Government Employees D people living in Metro cities Question 5 What facility do the insurer use to cover Risk beyond their Limits ? A Re Insurance B Banca assurance C NGO D RBI Question 6 What is the max level under which micro insurance can be done? A 5000 B 25000 C 50000 D 1 lac Question 7 Who is the customer of a Re insurer? A High Networth Individual B Insurance Companies C Licenced Insurance Agents D Non Government Organisation Question 8 Insurance company transfers the insurance which cannot bear by them to A Bancassurance B Reinsurance C TPAs D Actuaries Question 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 A One policy has more SA B ONE POLICY has more term C One policy is a single premium D One of the policy has higher Premium Question 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 A X has brought other limited premium product B Y has brought a single premium product C X is married D Y is Single Question 11 Customer asks the agent to disclose the commission . The agent should A disclose on demand B Not disclose C Should call up the Insurer D Should avoid the topic Question 12 The best way to prove that customer of a ULIP policy is given awareness about the commission paid to the agent is A Ask the insurer to give a policy endorsement letter B From the fact details C From signed copy of benefit illustration D From ticked column of proposal form Question 13 Churning is bad , based on which aspect A Agents earn Lower Commission on churning B Policyholder gets more benefits C Policyholders suffer due to surrender charges and benefits D Insurance companies get good branding Question 14 What over riding criteria an insurance agent consider while proposing a solution A Risk B suitability C Flexibility D Cost Question 15 Sales Target is reduced . Churning will A Increase B Decrease C Will not affect D Partially Question 16 Higher persistency to the insurer ensures what ? A More productivity B Higher attrition C Higher Profits D Higher S.A Question 17 Persitency has increased from 82 % in previous year to 86 % this year . That means A More lapsation B More attrition C Less lapsation D No profits Question 18 What is the maximum Time in which The insurer should settle a claim when all documents are submitted A 3 days B 15 days C 30 days D 10 days Question 19 A missing person is considered to be dead after A 5 years B 8 years C 12 years D 7 years Question 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% A 6% B 9% C 7% D 8% Question 21 A claim was submitted & in how many days company should ask for additional documents if required A 15 days B 10 days C 20 days D 30 days Question 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 A suicide B murder C Death was due to Accident D Body not found Question 23 An advisor while explaining the policy and to sell he accepts to give a part of his Agents commission, what is th limits A 10% B 20% C He cannot offer any commission D He can offer up to 50% Question 24 Consumer Forum at district level will hear complaints up to A 20 Lakh B 40 Lakh C 1 Crore D 10 Crore Question 25 How much is the rebate allowed by IRDA to client A Nil B 5% C 10% D 35% Question 26 The controller of insurance in india is A IRDA B RBI C SEBI D Insurance ombusdmen Question 27 A insurer advertises through daily news paper . What type of marketing is A cross selling B direct selling C Solicitation of Policy D Brand building Question 28 Investment by NRI(Non Resident Indian) will be A No risk B Low risk C Medium risk D High Risk Question 29 MWP- If the policy is endorsed under MWP - then the beneficiaries are wife and ? A Parents B Ex wife C Children D Mother Question 30 Mr.Sunil is doing premium calculation for his company, as per which authority is his profession related to A Council of Actuaries B Insurance council of India C Insurance institiute of India D IRDA Question 31 Basic qualifications of agent A Sound mind & graduate B Sound mind & good income level C Age and income level D His contacts in the market to solicit Insurance Question 32 Which Institution was Constituted by Insurance Act 1938 A Insurance Institute of India B Life Insurance Council C Insurance Broker Association D General Insurance Council Question 33 What is the role of National Insurance Academy? A To regulate B To advise Government C To undertake training activities D To Advertise globally on Indian Insurance Question 34 According to IRDA act 1999, central governments involve in insurance industry over A Policy matters B complex technical issues C Promotional activities D Licensing of Insurance companies Question 35 Complaint council bodies other than IRDA grievance readdress forum & COPA A Ombudsman B Insurance Institute of India C Insurance Association D FERA Question 36 What are the ways by which a policy holder can make complaints A Email B Toll Free Number C Newpaper D Email or Toll free Number Question 37 What are the ways in which IRDA can be contacted . One is thru toll free number and other is A Email B Insurance ombudsmen C Visiting regional office D Through Agents Question 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 A 10 Days B 15 Days C 30 Days D 20 Days Question 39 What is the maximum level of complaint that can be considered and taken action by ombudsmen A 20 Lakh B 25 Lakh C 30 Lakh D 50 Lakh Question 40 What is the period of award passed to the customer decided by ombudsman? A 2 Month B 3 Month C 5 Month D 6 Month Question 41 An Award is passed by Ombudsman .In how many days it should be honored by Insurance Co A 15 Days B 30 Days C 60 Days D 90 Days Question 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 A 3 B 5 C 7 D 10 Question 43 Raju is a certified license holder under what circumstances he needs to hold his certified license with him that is issued by irda A Under all circumstances B When he sells term insurance C When he represents himself as another insurer D When he sells pension policies Question 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 A He has to inform the customer that the co has broken relationship with the customer B He plans to change the plan C He has to explain the reasons for rejection to the customer D He takes up with the higher authorities Question 45 Lung Cancer and Smoking A Lung cancer is peril and smoking is moral hazard B Smoking is peril and lung cancer is hazard C Death is certain D Is occupational hazard Question 46 The type of risk that can be insured against is A Speculative Risk B Pure Risk C Pure & Speculative risk D Non Financial Risk Question 47 Harish takes a life insurance policy for Ramesh. Which of the following statement best describes the principle of Insurable Interest. A Ramesh declares all his liabilities B Ramesh is elder than Harish C Ramesh owes money form Harish D Harish suffers financial loss incase of death of Ramesh Question 48 What is the min age to enter into the contract of insurance A 16 B 18 C 20 D 21 Question 49 In a whole life plan - The policyholider's responsibility to give disclosure A At the beginning of the contract B Through out the contract C Revival stage D Beginning of renewal Question 50 Types of assignment A Absolute B Term assignment C Conditional D |
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