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

Summary

This video script offers a comprehensive guide to the LIC Agent IC 38 exam, covering essential topics like surrender value, free look period, ULIP full form, and various LIC policies. Each section is designed to help learners understand key insurance concepts, such as loan options, LIC bonuses, and pension plans. The script also highlights exam-specific questions with multiple-choice options and provides detailed explanations to ensure clarity. It concludes by encouraging viewers to subscribe for future updates and offers a PDF resource to aid exam preparation.

Takeaways

• 😀 The free look period in insurance is 15 days. This allows the policyholder to review their insurance policy and cancel it within this time frame.
• 😀 Surrender value refers to the amount received by the policyholder upon the premature closure of the insurance policy.
• 😀 Loan against a policy is available under traditional insurance policies, not under term or ULIP policies.
• 😀 LIC bonuses are given to policyholders who hold life insurance policies, specifically those who are not in a lapsed state.
• 😀 ULIP stands for Unit Linked Insurance Plan, which combines investment and insurance.
• 😀 LIC policies can be bought online through the eTerm portal, making the process more convenient for policyholders.
• 😀 The new health insurance plan offered by LIC is called Jeevan Arogya, which provides coverage for health-related expenses.
• 😀 Payment for money back policies is made at regular intervals, typically every five years.
• 😀 Jeevan Akshay is the pension plan offered by LIC, designed to provide regular income after retirement.
• 😀 A total of 1 lakh rupees is exempted from tax under specific conditions related to insurance policies, as clarified in the script.

Q & A

What is the exemption limit for income tax under section 10(10D) for LIC policies?

The exemption limit for income tax under section 10(10D) is up to 1 lakh rupees.

What is the free look period in insurance?

The free look period in insurance is 15 days, allowing the policyholder to cancel the policy if they are dissatisfied.

What does the surrender value refer to in an insurance policy?

The surrender value refers to the amount received by the policyholder upon the premature closure of the insurance policy.

In which type of insurance policy can a loan be availed?

A loan can be availed in a traditional insurance policy.

To whom is the LIC bonus given?

The LIC bonus is given to the policyholders of the LIC policies.

What is the full form of ULIP?

The full form of ULIP is Unit Linked Insurance Plan.

Through which portal can one buy an LIC policy online?

LIC policies can be bought online through the eTerm portal.

What is the name of the new health insurance plan offered by LIC?

The new health insurance plan offered by LIC is called Jeevan Arogya.

At what interval is the payment made in a money back policy?

In a money back policy, the payment is made at regular intervals, specifically every 5 years.

Which plan is the pension plan offered by LIC?

The pension plan offered by LIC is Jeevan Akshay.