Overview

Mock Test- III Licentiate Exam Preparation Mock Test - IC 02 Practice of Life InsuranceABOUT THIS MOCK TEST-There are 6 Mock Tests 100 Questions Each, To help individuals gauge their current levelof knowledge and further enhancement of confidence for real III exam. Mock Tests in this book are specially designed Learning Outcome wise & Test Objective wise as outlined by III for each chapter.This online mock test aims to equip learners with a comprehensive understanding of relevant expertise needed for success in III Licentiate Exam for IC 02 - Practice of Life Insurance.NOTE-This mock test is part of my printed guide book with 1500+ Question bank: III Licentiate Exam Preparation Guide IC 02 Practice of Life Insurance with 1500+ Question Bank RevisedThe printed book is available on all major ecommerce websites like Amazon / Flipkart etc. Else you can also directly get it from publisher with FREE SHIPPING Offer.-Knowledge Area Covered on This Online Mock Test-Knowledge Area 1Activities of the life insurance companyAppointment of life insurance agents and their functionsContinuance of AgencyGrowth of Insurance business in IndiaLiberalisation of the Indian insurance sectorTrends in life insurance distribution channelKnowledge Area 2Factors that are considered in the calculation of premiumPremium LoadingUnderstand the concept of bonusUnderstand the concept of premiumKnowledge Area 3Analyse various life insurance plansChild Insurance PlanConvertible Plans & With Profit / Without ProfitEndowment Planindustrial life insuranceJoint Life Insurance PlansMoney Back Insurance PlanPostal Life Insurance (PLI)Term Insurance PlanUnderstand the benefits of MWP ActUnderstand the importance of health insuranceUnderstand the importance of keyman insuranceUnderstand the importance of ridersUnderstand the importance of ULIPs.Whole Life Insurance PlanKnowledge Area 4Analyse the different types of annuity plansUnderstand the concept of annuityKnowledge Area 5EDLI & Social Security SchemeGroup Gratuity SchemeGroup Leave Encashment SchemeGroup Superannuation SchemeLearn about the different group insurance schemesTypes of pensionUnderstand the importance of group insuranceKnowledge Area 6Compare ULIPs with traditional insurance productsConcept of ULIPsUnderstand the features of a ULIPKnowledge Area 7Understand how life insurance policies are underwrittenUnderstand the fundamentals o f a life insurance contractUnderstand the life insurance application processKnowledge Area 8conditions and privileges in an insurance policyImportance of the policy document and the information contained in itKnowledge Area 9concept of premium, its calculation and frequency of payment of premiumsurrender value and non-forfeiture optionsways in which lapsed policy can be revivedKnowledge Area 10assignment of insurance policiesforeclosures and loans against insurance policiesnomination feature and its importancesurrender of an insurance policyKnowledge Area 11Accidental Death Benefit, Permanent Disability Benefit and post maturity optionsclaims and their different typesproof of title of claimant, claim concession and presumption of deathtypes of death claims

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