How many questions are on the LIC exam?
50
How can I pass IRDA exam?
- Passing 35% =18 (even you score 17 marks ,One mark will be given as grace )
- Strategy To Pass this IC 38 LIC agent Exam.
- Obtain Minimum Marks.
- First Solve 10 question minimum——————10.
- Tick Ans “C” option remaining 40 Question———–10 (Probability)
- Total Obtain Marks=======20(Passed)
Is LIC agent exam tough?
The LIC advisor exam is quite comprehensive and might be a bit difficult for you to crack. However with proper training, the exam of IC38 is not so difficult as well.
How can I crack the insurance agent exam?
Here are some tips for you to understand and follow, to make your exam preparation easier:
- Understand the syllabus and exam pattern well.
- Practice online mock tests: Most exams are conducted online these days.
- Prepare well for the GK & English sections: Most students tend to not focus too much on these two sections.
How can I be a LIC agent?
To be a LIC agent, your educational qualification should be at least 10th pass and the age should be minimum 18 years. Earlier, it was necessary to have 12th pass certificate to become an agent. – Contact your nearest LIC branch office and meet the development officer there.
What is IC 38?
IC38 is a subject related to Insurance Industry. They conduct the iC38 exam for people who want to become insurance advisers in any insurance company. IC38 Subject contains all basic aspects of the Life, health, and General Insurance industry. This Subject starts with the inception of insurance to Reinsurance.
How do I qualify for IC38 exam?
The minimum age limit is 18 years. You cannot directly appear for IC38, you need to be an insurer first at which you have to attend 50 hours training by IRDA to be called a Life, General or Health Insurance Agent, while for first timers, and it is 75 hours of training.
What is IC 01 exam?
Principles of Insurance – IC 01 Licentiate Exam Licentiate in General Insurance exam consists of three papers namely Principles of Insurance (IC 01), Practice of General Insurance (IC 11), Regulation of Insurance Business (IC 14). The duration for the exam is 2 hours. There is no Negative Marks for wrong answers.
What is IC 33 of IRDA?
IRDA (IC-33) Life Insurance Agents Certification Examination. Specially, it intends to increase agent’s ability to apply, in clients’ interests, facts of the Indian insurance industry and its directives, and knowledge and consideration of key life insurance and other financial products.
What is the passing marks for IRDA exam?
| Annexure | ||
|---|---|---|
| Training and Examination requirements for insurance agents and insurance intermediaries | ||
| Category | S.No | Passing Marks |
| I | 1 | 35% |
| II | 2 | 50% |
What is the main principle of insurance?
The basic principle of insurance is that an entity will choose to spend small periodic amounts of money against a possibility of a huge unexpected loss. Basically, all the policyholder pool their risks together. Any loss that they suffer will be paid out of their premiums which they pay.
How many insurance types are there?
Broadly, there are 8 types of insurance, namely: Life Insurance. Motor insurance. Health insurance.
How do I know what type of insurance I have?
Check your health insurance enrollment materials
- Your plan will send you a membership package with enrollment materials and a health insurance card as proof of your insurance.
- Carefully review these, and look through your plan’s provider directory to see where you can get care.