As you requires I am here telling you about the eligibility conditions for appear in IRDA exam to get LIC agent certification of Insurance Regulatory and Development Authority (IRDA).

IRDA Exam Eligibility:

Educational Qualification
Candidate must passed +2 from a recognized school/board.

Age:
Should not be below 18 years
No upper age limit

IRDA Exam Pattern

IRDA Exam consists of short answer type question .

Questions in the form of:
Fill Ups
Yes – No
Right –Wrong
Match the Column
Multiple choice Answers

Questions related to :
Insurance,
Loans,
Regulations and their general application.

IRDA Exam Fee
Entry form fee:
Rs.200 (Rs.400 for Life & General Insurance)

Sample questions for the exam :

1) Insurance works on the principle of
a Trust
b Sharing
c Randomness
d All of the above

2 Insurance is legitimate
a when an adverse happening is likely
b When an adverse happening is unlikely
c When an adverse happening is certain
d In all the above three situations

3 Insurance benefits replace
a All physical losses, in full
b All physical losses, partly
c All monetary losses, in full
d The monetary losses, but only to some extent

4 Which one of the following statements is correct?
a People hesitate to buy life insurance because they are not aware of their needs
b People hesitate to buy life insurance because they prefer to enjoy the present
c Both the statements are correct
d Both the statements are wrong

5 Which is the right time for taking life insurance?
a When you are about to get married
b Soon after you have got married
c Just when you are joined a new job
d All the three ‘times’ are right

6 Retention of risk may be done conveniently by
a Large corporations
b Small companies
c Single individuals
d None of the three

7 A valuation is done by a life insurer because
a It is a statutory requirement
b It is necessary to be able to declare dividends to shareholders
c It tells the insurer how well it is managing the business
d All of the above

8 The reason for charging level premiums is
a Risk increases as age increases
b It is convenient to the policyholder
c It is convenient to the insurer
d All the above reasons

9 What does a premium depend upon?
a The place of worship visited by the person to be insured
b The state of health of the policyholder
c The decision of the underwriter
d The report of the agent

10 State which one of the following statements is correct?
a In group insurance, a single policy is issued covering many persons
b A master policy covers servants of a master
c Both the statements above are correct
d Both the statements above are wrong