Sample IRDA IC-33 Exam
1. Which channel promote
bank(s) to sell life insurance policies
Ans :- Banc-assurance
2. The Indian Insurance Act was
formed in the year
Ans :- 1928
3. Code of conduct for agents
are specified by
Ans :- IRDA Act
4. Which of the following
statement is correct?
Ans:- Insurance can reduce the impact of risk
5. The probability that one
person will die with in one year is calculated by
Ans :- Actuary
6. Insurance applies to
_________________ pool of risk with ______________.
Ans:- Homogenous & law of large number
7. Janvi borrows Rs 10 lacs
from Geeta. She returns Rs 2lacs in the next month.Geeta now plans to take an
insurance polcy on life of Janvi. Which of the statement is true?
Ans :- Geeta can take policy unto the extent of unpaid loan
amount.
8. Mohit took a policy and
declared that he drinks alcohol. He did not declare that he was operated for
hernia in the last year as he was all right now and felt it was not important
to declare. This is a case of
Ans:- Non-Disclosure.
9. Rajan takes a Family Floater
health insurance of Rs 3 lacs from Insurance company X and has a health cover
of Rs 2lacs from another company Y from his employer side. He suffers from
heart attack and has a total bill of Rs 4 lacs. He can take claim from
Ans:- Both the companies to the extent of Rs 4 Lacs
10. A company ABC can buy
insurance for
Ans :- All the above
11. The main supplier of the
material fact is
Ans :- The proposer
12. Rama bought an insurance
policy in the year 2002 and did not disclose that she was suffering from
cancer. She died in the year 2007. The insurance company needs to
Ans :- Need to establish the fraud.
13. IN AN INSURANCE CONTRACT,
CONSIDERATION IS THE
Ans :- PREMIUM PAID BY THE PROPOSER TO INSURANCE COMPANY
14. LIFE INSURANCE COMPANIES
GENERATE INTEREST IN THEIR PRODUCTS THROUGH
Ans :- ALL OF THE ABOVE
15. In the event of Lapsed
policy being revived which of the following must exist
Ans :- Utmost good faith & Disclosure of material facts
16. Maximum possible loss
refers to Maximum amount of loss that can occur
Ans :- If a certain event occurs
17. Agent prepares confidential
report based on which information of Proposer
Ans :- All of the above
18. The premium is invested
until it is required to pay claims
Ans :- True
19. Interim bonus is for
Ans :- Both are correct
20. Mahesh bought a ULIP 10
year back. At Maturity the market went significantly low. What can Mahesh
consider?
Ans :- Can opt for the settlement option.
