Practice of Life Insurance - IC 02 Licentiate Practice Exam Questions

Practice of Life Insurance - IC 02 Licentiate 

About Practice of Life Insurance - IC 02 Licentiate Exam

The Practice of Life Insurance - IC 02 Licentiate Exam helps understand the concept of life insurance and its evolution. The licentiate focuses on learning about organisational structure and functions.

Skills Acquired

• Learn about the concept of appointing life insurance agents
• Learn about the duties and their remuneration of life insurance agents
• Understand the insurance history and its growth
• Overview of the Indian insurance market.
• Learn the activities and organisational structure of a life insurance company
• Understand the appointment of life insurance agents and their functions.
• Understand remuneration to agents and continuation of the agency.
• Learn the trends in life insurance distribution channels. 

Exam Details

• Exam Type: MCQ (on-line/ Off-line)
• Passing score: 60% and above
• Total Questions: 100
  
• Exam Duration: 2 hours. 
• No negative marks

Course Outline

The Practice of Life Insurance - IC 02 Licentiate Exam covers the following topics - 

• Understand Practice of Life Insurance 
• Understand Premiums and Bonuses 
• Learn Plans of Life Insurance 
• Learn Annuities 
• Overview of Group Insurance 
• Understand Linked Life Insurance Policies 
• Learn about Applications and Acceptance 
• Overview of Policy Documents 
• Understand Premium Payment, Policy Lapse and Revival
• Understand Assignment, Nomination and Surrender of Policy 
• Learn about Policy Claims 

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