lic agent mock test - Quiz Questions (Page 2 of 2)
This quiz contains 20 questions.
Question 11: What white-collar crime involves agents misrepresenting policies?
- Insurance fraud (Correct Answer)
- Money laundering
- Bank fraud
- Ponzi scheme
Question 12: What is a ‘free-look period’?
- Time to cancel the policy without penalty (Correct Answer)
- Discount period
- Grace period for premiums
- Maturity time
Question 13: Which of these are not a requirement for being an LIC agent?
- Having a degree (Correct Answer)
- Minimum age requirement
- Passing the LIC exam
- Completing pre-licensing training
Question 14: Which policy provides income during retirement?
- Annuity policy (Correct Answer)
- Term insurance
- ULIP
- Whole life
Question 15: What is 'premium'?
- Amount paid for insurance (Correct Answer)
- Agent's fee
- Sum assured
- Claim amount
Question 16: What does IRDAI stand for?
- Insurance Regulatory and Development Authority of India (Correct Answer)
- International Risk and Development Agency of India
- Investor Relations Development Authority in India
- Insurance Regulatory Development Agency India
Question 17: Which policy has a savings component tied to market performance?
- ULIP (Correct Answer)
- Term insurance
- Endowment plan
- Whole life insurance
Question 18: Who benefits primarily from a life insurance policy?
- Beneficiary (Correct Answer)
- Policyholder
- Agent
- Insurance company
Question 19: How can an LIC agent improve customer relations?
- Listening actively (Correct Answer)
- Increasing policy costs
- Ignoring complaints
- Cold calling daily
Question 20: What describes agents handling client applications and queries?
- Customer service (Correct Answer)
- Underwriting
- Auditing
- Marketing
Test your skills with our LIC Agent mock test! This quiz checks your understanding of insurance products, policies, and regulatory guidelines that every LIC agent in India should know. It also covers essential sales techniques and customer support basics in simple language. If you’re preparing for your LIC agent exam, this test is a perfect way to gauge your progress and boost your confidence.
