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May 14th, 2016, 09:03 AM
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Join Date: Mar 2012
IRDA IC 33 Mock Test In Tamil

Hello, I want to take the mock test of the IRDA IC 33 exam and I want the paper of the exam. Please provide me.

Hello, here I am providing you the paper of the IRDA IC 33 exam as under:

1 The asset may lose its value if a certain event happens. This chance of loss is called as _________
Peril
Pooling
Risk
contract

2 As per MWP act, claim money is payable to
trustee
policyholder
wife
children

3 ___________ is reflected in the caring attitude and individualised attention provided to customers.
Assurance
Empathy
Reliability
Responsiveness

4 Features of a valid contract are
Consensus ad idem
Legality of object of purpose
Capability of performance
All the above

5 Which statement is true?
Nomination can not be applicable in case of MWP Act
Assignment cancels nomination
Both statements are correct
Both statements are incorrect

6 Individual is having need of
saving
insurance
investment
All above

7 What does a first premium receipt (FPR) signify? Choose the most appropriate option.
Free look period has ended
It is evidence that the policy contract has begun
Policy cannot be cancelled now
Policy has acquired a certain cash value

8 The advantage of Insurance Contract:
safe and secure investment
provides the discipline that savers require
free individual from investment management
All above

9 Purpose of underwriting:
To prevent anti-selection or selection against the insurer
To classify risks and ensure equity among risks
All above
None of the above

10 ________ as a profession refers to the act of inducing a commercial transaction through inducing the purchase of a product or service, such act being carried out with the intent of earning remuneration.
Marketing
Selling
Advertising
Promotion

11 _____________ is the basis of contract
Policy bond
Proposal form
Premium
Health report

12 Financial Planning Advisory Services includes
Retirement planning
Estate planning
Tax planning
All Above

13 Which of the below losses are covered under keyman insurance?
Property theft
Losses related to the extended period when a key person is unable to work
General liability
Losses caused due to errors and omission

14 The stage when one has found employment and perhaps earns enough to meet his or her needs and has some surplus to spare is
Learner
Earner
Partner
Parent

15 Following material information that the proposer should disclose while making a life insurance proposal:
own medical history
family history of hereditary illnesses
habits like smoking and drinking
All above

16 Which of the below is not a valid consideration for a contract?
Money
Property
Bribe
Jewellery

17 The thumb rules of insurance are
Dont risk more than you can afford to lose
Consider the likely outcomes of the risk carefully
Dont risk a lot for a little
All above

18 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?
Mahesh
Karan
The payment will be shared equally by Mahesh and Karan
Neither of the two because Mahesh has suffered the heart attack but the

19 Requirements for success in the life insurance agency profession:
Being a self-starter
Ability to relate with and communicate with people
All above
None of the above

20 An insurance agent is typically a representative of ______________.
Customer
Insurance company
Government
IRDA

Last edited by Neelurk; February 10th, 2020 at 12:12 PM.
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