IC 38 Important Questions in Hindi | LIC Agent Exam | IC 38 Exam 2025 #lic #insuranceagent

Summary

In this video, the speaker offers a comprehensive revision guide for LIC agents, covering key questions frequently asked in exams. Topics include claimant types, insurance policies, exclusions in health insurance, and underwriting practices. The video emphasizes the importance of understanding concepts such as tax planning, claim procedures, and the role of insurance agents. It also discusses the benefits of specific plans like the Akshay Nidhi and family floater plans. With tips for exam success, viewers are encouraged to subscribe for more informative content and access additional resources like PDFs for further study.

Takeaways

• 😀 The first step in getting updates from the channel is to subscribe and turn on notifications for easy access to the latest videos.
• 😀 Minor nominees are not considered claimants under a life insurance policy. The correct answer is 'Minor nominee.'
• 😀 An insurance policy becomes invalid when the insured person's life is considered uninsurable, meaning the risk is too high to insure at an affordable price.
• 😀 Terminal bonuses are provided at maturity or death, and not during self-surrender or other conditions.
• 😀 Akshay Nidhi is an insurance plan where medical tests are not required, which makes it an easy option for many individuals.
• 😀 Ethical behavior from insurance agents is crucial for building trust between agents and insurers, fostering long-term relationships.
• 😀 The grace period for renewing an insurance policy, as per IRDA rules, is typically 30 days, providing some flexibility after the policy expires.
• 😀 Family floater health plans offer coverage for multiple members of a family under one plan, with a lower premium than individual policies.
• 😀 Insurance agents represent the insurance company, not the policyholder, and are crucial in the sales and servicing process of insurance products.
• 😀 Health insurance policies often come with a smart identity card, which can be presented at network hospitals to simplify claim processes.
• 😀 Dividends are generally not declared under the contribution system in life insurance; the correct answer is 'None of these.'

Q & A

Who is considered not a claimant under a life insurance policy?

A minor nominee is not considered a claimant under a life insurance policy.

What does the term 'rejected life' mean in the context of insurance?

A rejected life refers to a life on which insurance coverage cannot be provided at an affordable price.

When is a terminal bonus paid in life insurance?

A terminal bonus is paid at the time of maturity or death of the policyholder.

In which insurance plan is a medical test not required?

A medical test is not required in the Akshay Nidhi plan.

When should insurable interest exist in a life insurance contract according to general law?

Insurable interest must be present at the time of taking the policy.

Who is the primary representative of an insurance company?

An insurance agent is the primary representative of an insurance company.

What is meant by 'exclusions' in a health insurance policy?

Exclusions in a health insurance policy refer to diseases that are not specifically covered under the policy.

Who bears the investment risk in traditional life insurance policies?

In traditional life insurance policies, the insurance company bears the investment risk, while in unit-linked plans, the policyholder bears the investment risk.

What is the grace period for renewing a policy after its expiry according to IRDA rules?

The grace period for renewing a policy after its expiry is 30 days.

Which type of insurance product is not considered a traditional product offered by insurance companies?

ULIP (Unit Linked Insurance Plan) is not considered a traditional insurance product.