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Insurance Exam (LIFE) Practice Test
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About the Life Insurance exam (India):
RDA Exam is conducted to recruit Insurance agents for various insurance companies. IRDA exam is also known as Insurance Agent Exam or IC-38 exam.

Exam topics: Reasoning, English Language, Quantitative Aptitude, General Awareness, Economic and Social issues impacting insurance, and Insurance and Management.
 

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Insurance Agent (India) Practice Test: Level 1 

Insurance Agent (India) Practice Test: Level 2

Insurance Exam (LIFE) Practice Test
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25 Questions

1. Which One of the Following Bodies, can issue the License to work as Individual Agents, in India?
2. Identify the Stage of Life, when an Individual will appreciate His or Her Long-Term Savings, the Most.
3. Who bears the Mortality-Risk, in Case of Unit-Linked Insurance-Plans (U.L.I.P.s)?
4. Which of the Following, is, a Function of Ombudsman? (i) Redressal of Grievances to Consumer. (ii) Protection of Consumer's Interests. (iii) Redressal of Grievances from the Policy-Holders.
5. Name the Insurance Regulator in India.
6. Describe a Tangible Product.
7. Identify the Feature, that will be checked, in a Medical Examiner's Report.
8. The Inhabitants of Rhodes adopted a Practice, where- by, if Some Goods were lost due to Jettisoning, during Distress, the Owners of Goods (even those who lost Nothing) would bear the Losses in Some Proportion. Which Phenomenon is illustrated, in this Scenario?
9. Which One of the Following, is Not an Example of Non- Verbal Communication?
10. If a Customer is aggrieved by an Order, made by a State Commission, then, Where can, He or She appeal, against such Order?
11. Ms. Shaheen refuses to go on a Business-Trip to Iraq, because of Violence in the Destination Country. Identify the Risk-Management Technique, practiced here.
12. Who among the Following, is Not included in the Definition of 'Consumer', as per Consumer Protection (Amendment) Act, 2002?
13. Money-Laundering is the Process of Bringing .... Money, into an Economy, by Hiding its .... Origin, so that, it appears to be Legally Acquired.
14. In the Olden Days, Chinese Traders used to keep their Goods in Different Boats, while sailing through Treacherous Waters. Analyse, Why?
15. Which One of the Following Bodies, has prescribed the Regulations for Protecting the Interests of Policy- Holders, stipulating the Obligations on Both: Insurers as well as Intermediaries?
16. Non-Verbal Communication is made up of ...
17. Creating a Current Cash-Flow Statement and Balance- Sheet, help, with Which Step of the Financial Planning Process?
18. Identify a Product, that can be categorised under Transactional-Products.
19. Expand the Term: U.L.I.P.
20. Which One of the Following, cannot be an Asset?
21. What will be Looked At, in order to determine the Sum-Assured, under Key-Man Insurance?
22. Integrated Grievance-Management-System (I.G.M.S.) has been launched by ...
23. If You need to purchase a Key-Man Insurance Policy, then, What is the Information, that is going to be sought by the Insurer, to assess the Application?
24. Name the Public Sector Life Assurance Company, formed as a Result of Nationalisation of Life Assurance in India.
25. The Insurance Regulatory and Development Authority (I.R.D.A.) was established in the Year: .., under The Insurance Regulatory and Development Authority (I.R.D.A.) Act, 1999.

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