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Lic Agent Exam Model Question Paper



The LIC Agent Exam, officially known as the IRDA IC-38 Exam, is essential for those aspiring to become Life Insurance Corporation (LIC) agents in India. Here's a comprehensive guide to understanding the exam, including its structure, syllabus, preparation resources, and application process.

Exam Structure

  1. Sections: The exam is divided into three main sections:

    • Insurance and Financial Market Awareness
    • Fundamentals of Life Insurance
    • Regulatory Aspects of Insurance
  2. Format: The exam typically consists of multiple-choice questions (MCQs).

  3. Duration: The total time allocated for the exam is usually around 1 hour.

  4. Passing Criteria: A minimum of 35% is required to pass the exam.

Syllabus

  1. Insurance and Financial Market Awareness:

    • Basics of Insurance
    • Types of Insurance
    • Insurance Terminology
  2. Fundamentals of Life Insurance:

    • Life Insurance Products and Services
    • Policy Documentation
    • Life Insurance Underwriting
  3. Regulatory Aspects of Insurance:

    • IRDA Regulations
    • Consumer Protection Act
    • AML (Anti Money Laundering) guidelines

Preparation Resources

  1. Study Materials:

    • IC-38 Study Guide: Available from the Insurance Institute of India and other online educational platforms.
    • Textbooks and Reference Books: Books specifically designed for the IC-38 exam, covering all sections comprehensively.
  2. Mock Tests and Previous Year Papers:

    • TestMocks: Offers mock tests and model question papers for the LIC Agent Exam in various languages​ (TestMocks)​​ (TestMocks)​.
    • AmbitiousBaba: Provides PDFs of IC-38 exam questions to practice​ (Ambitious Baba)​.
    • Youth4Work: Online practice tests for the IC-38 Life Insurance Agents exam​ (TestMocks)​.
  3. Online Courses:

    • Udemy and Coursera: These platforms offer courses on insurance and exam preparation.

Application Process

  1. Eligibility:

    • Candidates must have completed a minimum of 10th standard (SSC/Matriculation) and be at least 18 years old.
  2. Application Steps:

    • Register: Visit the official LIC website or the IRDA portal to register for the exam.
    • Training: Complete the mandatory 25-hour pre-licensing training from an approved institution.
    • Exam Application: Fill out the application form and pay the exam fee online.
    • Admit Card: Download the admit card once it is available.

Tips for Success

  1. Understand the Syllabus: Thoroughly go through the syllabus and focus on each section.
  2. Regular Practice: Take mock tests regularly to understand the exam pattern and manage time effectively.
  3. Stay Updated: Keep abreast of the latest insurance regulations and market trends.

For detailed information and to apply for the exam, visit the IRDA official website or the LIC official website.


Details of Below Practice Set

Duration : 60 Minutes
Negative Marking : 0%
Useful for LIC Agent Exam exam
Medium of Practice Set English
Cost of this Practice Set : Rs 0
This Practice set consist of following topics : General Studies (45) | Total Question 45

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