Practice of life insurance (IC 02): Memory based questions

Practice of life insurance (IC 02): Memory based questions

The insurance institute of India conducts the III exam. Every year, the exam is held four times: once in March, once in May, once in September, and once in November. We are offering Recollected Questions (Memory-based Questions) for the Practice of life insurance (IC 02) exam. The maximum number of questions are repeated in each exam in these papers. As a result, Ambitiousbaba is providing you with a recollected Question on Practice of life insurance (IC 02).
These Practice of life insurance (IC 02).Memory Based Questions can come in handy in the forthcoming Exam.

Practice of life insurance (IC 02) Recollected Questions (11/7/2021)

  1. Agents recruited directly on basis of test & interview, given intensive training later?
  2. Remuneration Paid to agents in form of – commission
  3. Gratuity – few questions, example based also , calculations also
  1. Section 41

5 – Brokers – many questions

  1. Intermediaries
  2. Bonus commission
  3. Numerical on Age calculation – Near bday, last Bday
  1. ULIP types of funds, definitions, applications
  2. Actuary definition
  3. What models actuary use: financial model, statistical model, etc.
  1. Types of Pseonium
  2. Riders – few questions
  3. Terminal Bonus definitions

15.Pure endowment, Term assurance, Definition & their mixed up products,,  application based – many questions

  1. Which plan is convertible?
  2. Who is annuitant?
  3. Deferment period?
  4. Joint life policy definition
  5. ULIP premium – is divided into 5 parts
  6. MWP act- entire topic, many questions
  7. section of MWP act – section 6
  8. Keyman insurance
  9. No – claim Bonus – definition
  10. Basis of group insurance
  11. Gratuity – definition, calculation, application= many ques
  1. EDLI = 0.51% of each employee’s Contributions
  2. Types of ULIP funds – V. important
  3. Top up premium in ULIP
  4. Preamble, proviso
  5. Underwriting definitions
  6. Supplementary benefits – Policy document
  7. monthly made policy-grace period 15 days
  8. rebate calculation —— mode of payment numerical
  1. S S S — no days of grace
  2. 36 surrender value -other name cash value
  1. installment revival
  2. Assignment nominations – definition
  3. Document submitted at death claim

 

Check the below table for available iii exam mock tests.

iii Exam Yearly SUBSCRIPTION Online Mock Tests All Subject cover for 1 year validity Click Here
IC 88 Marketing and public relations 550 Questions Click Here
IC 77 Engineering insurance 1100+ Questions Click Here
IC 23 Application of life Assurance 1000 Questions Click Here
IC 22 Life insurance underwriting 1000 Questions Click Here
IC 46 Account preparation and regulations of investment 1100 Questions Click Here
IC 71 Agriculture insurance 500+ Questions Click Here
IC 74 Liability Insurance with Memory based 1100+ Questions Click Here
IC -67 Marine 1300 questions with Actual Memory based Mock Click Here
IC 57 Fire 1300 questions with Actual Memory based Mock Click Here
IC 26 life Insurance finance 850 questions with Actual Memory based Mock Click Here
IC -11 Practice of general insurance 680 questions with Actual Memory based Mock Click Here
IC-14 Regulation of insurance business 600+ questions with Actual Memory based Mock Click Here
IC -90 HRM 900 questions with Actual Memory based Mock Click Here
IC 92 1000+ questions with Actual Memory based Mock Click Here
IC 86 Risk Management 1300 questions with Actual Memory based Mock Click Here
IC 72 Motors 650 questions with Actual Memory based Mock Click Here
IC -78 Misc 1300 questions with Actual Memory based Mock Click Here
IC 85 Reinsurance 1300 questions with Actual Memory based Mock Click Here
IC 76 Aviation 500+ questions with Actual Memory based Mock Click Here
IC 27 Health Insurance 440 questions with Actual Memory based Mock Click Here
IC 45 General insurance underwriting 500+ questions with Actual Memory based Mock Click Here
IC 02 Practice of life insurance 410 questions with Actual Memory based Mock Click Here
IC 01 Principal of insurance 420 questions with Actual Memory based Mock Click Here
IC 38 in English – Click Here
IC 89 Management Accounting 900 Questions Click Here
SURVEYORS EXAMS IC S01 1000+ Questions Click Here

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