VAEM &

VASANTHAM
PRESENTS

IC - 38
ENGLISH

QUESTION BANK

A Guide to suceed in Pre-recruitment

Life Insurance Agents

GUIDANCE : COMPILED BY :
P.SRIDHAR, R. MANAVALAN,
DEVELOPMENT OFFICER, DEVELOPMENT OFFICER,
L.I.C. OF INDIA, L.I.C. OF INDIA,
CITY BRANCH - 22, TALLAKULAM BRANCH,
CHENNAI - 600007 MADURAI - 625002
MOBILE NO : 9384854925 MOBILE NO : 9443472469
E.MAIL ID : [email protected] E.MAIL ID : [email protected]

DISCLAIMER :
This IC -38 Question Bank was based on revised syllabus prepared by Insurance Institute of India. This is only
an indicative study material for pre-recruitment Life Insurance Agents. Please note that the questions in the
examination shall not be confined to this study material. I am not responsible for any dispute.
 LIC VASANTHAM
Page 1

IC 38 QUESTION BANK
Which of the below option best describes the process Which of the below insurance scheme is run by an
1 2
of insurance? insurer and not sponsored by the Government?
1. Sharing the losses of many by a few 1. Employees State Insurance Corporation
2. Sharing the losses of few by many 2. Crop Insurance Scheme
3. One sharing the losses of few 3. Jan Arogya
4. Sharing of losses through subsidy 4. All of the above

Out of 400 houses, each valued at Rs. 20,000, on an

The ______________ has jurisdiction to entertain average 4 houses get burnt every year resulting in a
3 complaints, where value of the goods or services and 4 combined loss of Rs. 80,000. What should be the
the compensation claimed is up to Rs.20 lakhs. annual contribution of each house owner to make good
this loss?
1. District Forum 1. Rs.100/-
2. State Commission 2. Rs.200/-

AM
3. Zilla Parishad 3. Rs.80/- -
4. National Commission 4. Rs.400/-

Which among the following is the regulator for the

5 Which of the following statements is true? 6

TH
insurance industry in India?
1. Insurance is a method of sharing the losses of a
1. Insurance Authority of India
few by many
2. Insurance is a method of transferring the risk of 2. Insurance Regulatory and Development Authority of
an individual to another individual

N
India
SA
3. Insurance is a method of sharing the losses of a
3. Life Insurance Corporation of India
many by a few
4. Insurance is a method of transferring the gains of a
4. General Insurance Corporation of India
few to the many
VA

Origins of modern insurance business can be traced to

7 _____________ is not a tangible good. 8
__________.
I. House I. Bottomry
II. Insurance II. Lloyds
-

III. Mobile Phone III. Rhodes

IV. A pair of jeans IV. Malhotra Committee
EM

A customer having complaint regarding his

9 10 Select the correct statement:
insurance policy can approach IRDA through
I. Ethical behaviour is impossible while selling
I. IGMS
VA

insurance
II. Ethical behaviour is not necessary for insurance
II. District Consumer Forum
agents
III. Ethical behaviour helps in developing trust
III. Ombudsman
between the agent and the insurer
IV. Ethical behaviour is expected from the top
IV. IGMS or District Consumer Forum or Ombudsman
management only

___________ has jurisdiction to entertain matters Which of the below will be the most appropriate option
11 where value of goods or services and the 12 for a customer to lodge an insurance policy related
compensation claim is up to 20 lakhs complaint?
I. High Court I. Police
II. District Forum II. Supreme Court
III. State Commission III. Insurance Ombudsman
IV. National Commission IV. District Court
VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 2

Are there any fee / charges that need to be paid for

13 Expand the term IGMS. 14
lodging the complaint with the Ombudsman?
I. Insurance General Management System I. A fee of Rs 100 needs to be paid
II. Indian General Management System II. No fee or charges need to be paid
III. Integrated Grievance Management System III. 20% of the relief sought must be paid as fee
IV. Intelligent Grievance Management System IV. 10% of the relief sought must be paid as fee

Which of the below statement is correct with

What is the time limit for approaching an Insurance
15 16 regards to the territorial jurisdiction of the Insurance
Ombudsman?
Ombudsman?
I. Within two years of rejection of the complaint by the
I. Insurance Ombudsman has National jurisdiction
insurer
II. Within three years of rejection of the complaint by
II. Insurance Ombudsman has State jurisdiction
the insurer
III. Within one year of rejection of the complaint by the
III. Insurance Ombudsman has District jurisdiction

AM
insurer
IV. Within one month of rejection of the complaint by IV. Insurance Ombudsman operates only within the
the insurer specified territorial limits

TH
Which among the following options cannot be insured
17 Which among the following is an example of coercion? 18
by Ramesh?
I. Ramesh signs a contract without having knowledge

N
I. Rameshs house
of the fine print
II. Ramesh threatens to kill Mahesh if he does not sign
SA
II. Rameshs spouse
the contract
III. Ramesh uses his professional standing to get
III. Rameshs friend
Mahesh to sign a contract
VA

IV. Ramesh provides false information to get Mahesh

IV. Rameshs parents
to sign a contract

______ relates to inaccurate statements, which are ___________ involves pressure applied through
19 20
made without any fraudulent intention. criminal means.
-

I. Misrepresentation I. Fraud
II. Contribution II. Undue influence
EM

III. Offer III. Coercion

IV. Representation IV. Mistake

Which of the below is not a valid consideration for a Which of the below party is not eligible to enter into a
21 22
VA

contract? life insurance contract?

I. Money I. Business owner
II. Property II. Minor
III. Bribe III. House wife
IV. Jewellery IV. Government employee
Find out the proximate cause for death in the following
scenario? Ajay falls off a horse and breaks his back. He
Which of the below is not correct with regards to
23 24 lies there in a pool of water and contracts pneumonia.
insurable interest?
He is admitted to the hospital and dies because of
pneumonia.
I. Father taking out insurance policy on his son I. Pneumonia
II. Spouses taking out insurance on one another II. Broken back
III. Friends taking out insurance on one another III. Falling off a horse
IV. Employer taking out insurance on employees IV. Surgery
VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 3

Which of the below mentioned insurance plans has

25 Who devised the concept of HLV? 26
the least or no amount of savings element?
I. Dr. Martin Luther King I. Term insurance plan
II. Warren Buffet II. Endowment plan
III. Prof. Hubener III. Whole life plan
IV. George Soros IV. Money back plan

Which among the following cannot be termed as an

27 28 Which of the below cannot be categorised under risks?
asset?
I. Car I. Dying too young
II. Human Life II. Dying too early
III. Air III. Natural wear and tear
IV. House IV. Living with disability

Which among the following is a wealth accumulation

29 When is the best time to start financial planning? 30

AM
product?
I. Post retirement I. Bank Loans
II. As soon as one gets his first salary II. Shares
III. After marriage III. Term Insurance Policy

TH
IV. Only after one gets rich IV. Savings Bank Account
Which among the following can be categorised under Which among the following can be categorised under
31 32
transactional products? contingency products?

N
I. Bank deposits I. Bank deposits
II. Life insurance II. Life insurance
SA
III. Shares III. Share
IV. Bonds IV. Bonds
In decreasing-term insurance, the premiums paid
VA

33 Which among the following is an intangible product? 34

____________ over time.
I. Car I. Increase
II. House II. Decrease
III. Life insurance III. Remain constant
-

IV. Soap IV. Are returned

Who among the following is best advised to purchase a Which of the below is an example of an endowment
EM

35 36
term plan? assurance plan?
I. An individual who needs money at the end of
I. Mortgage Redemption Plan
insurance term
II. An individual who needs insurance and has a high
VA

II. Credit Life Insurance Plan

budget
III. An individual who needs insurance but has a low
III. Money Back Plan
budget
IV. An individual who needs an insurance product that
IV. Whole Life Plan
gives high returns

Which among the following is a non-traditional life

37 38 Which of the below statement is incorrect ?
insurance product?
I. Variable life insurance is a temporary life insurance
I. Term assurance
policy
II. Variable life insurance is a permanent life insurance
II. Universal life insurance
policy
III. Endowment insurance III. The policy has a cash value account
IV. The policy provides a minimum death benefit
IV. Whole life insurance
VASANTHAM IC 38 - COMPILED
guarantee BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 4

As per IRDAI norms, an insurance company can provide

Which of the below is correct with regards to universal
which of the below non- traditional savings life
life insurance? Statement I: It allows policy owner to
39 insurance products are permitted in India? Choice I: 40
vary payments Statement II: Policy owner can earn
Unit Linked Insurance Plans Choice II: Variable
market based rate of return on cash value
Insurance Plans .
I. I only I. I is true
II. II only II. II is true
III. I and II both III. I and II are true
IV. Neither I nor IV. I and II are false

Which of the below statement is true regarding ULIPs

41 All of the following is true regarding ULIPs EXCEPT . 42
?
I. Unit holder can choose between different kind of I. Value of the units is determined by a formula fixed
funds in advance

AM
II. Life insurer provides guarantee for unit values II. Investment risk is borne by the insurer
III. Units may be purchased by payment of a III. ULIPs are opaque with regards to their term,
single premium or via regular premium payments. expenses and savings components

TH
IV. ULIP policy structure is transparent with regards to
IV. ULIPs are bundled products
the insurance expenses component

N
What is the objective behind Mortgage Redemption Mortgage redemption insurance (MRI) can be
43 44
SA
Insurance? categorised under ________.
I. Facilitate cheaper mortgage rates I. Increasing term life assurance
II. Provide financial protection for home loan
II. Decreasing term life assurance
borrowers
VA

III. Protect value of the mortgaged property III. Variable life assurance
IV. Evade eviction in case of default IV. Universal life assurance

Ajay pays insurance premium for his employees.

-

Mahesh ran a business on borrowed capital. After Which of the below insurance premium will not be
his sudden demise, all the creditors are doing their treated deductible as compensation paid to employee?
45 46
best to go after Maheshs assets. Which of the Choice I: Health insurance with benefits payable to
EM

below assets is beyond the reach of the creditors? employee Choice II: Keyman life insurance with
benefits payable to Ajay
I. Property under Maheshs name I. I only
VA

II. Maheshs bank accounts II. II only

III. Term life insurance policy purchased under Section
III. Both I and II
6 of MWP Act
IV. Mutual funds owned by Mahesh II IV. Neither I nor II

Which of the below option is true with regards to MWP Which of the below option is true with regards to MWP
act cases? Statement I: Death claims are settled in Act cases? Statement I: Maturity claims cheques are
47 48
favour of nominees Statement II: Death claims are paid to policyholders Statement II: Maturity claims
settled in favour of trustees cheques are paid to trustees
I. I is true I. I is true
II. II is true II. II is true
III. Both I and II are true III. Both I and II are true
IV. Neither I nor II is true IV. Neither I nor II is true

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 5

What does the term premium denote in relation to

49 What does a policy lapse mean? 50
an insurance policy?
I. Policyholder completes premium payment for a
I. Profit earned by the insurer
policy
II. Policyholder discontinues premium payment for a
II. Price paid by an insured for purchasing the policy
policy
III. Policy attains maturity III. Margins of an insurer on a policy
IV. Policy is withdrawn from the market IV. Expenses incurred by an insurer on a policy

In case of __________, a company expresses the bonus

51 What is a policy withdrawal? 52 as a percentage of basic benefit and already attached
bonuses.
I. Discontinuation of premium payment by
I. Reversionary bonus
policyholder
II. Surrender of policy in return for acquired surrender

AM
II. Compound bonus
value
III. Policy upgrade III. Terminal bonus
IV. Policy downgrade IV. Persistency bonus

TH
During the _________ period, if the policyholder
Which of the below is an example of standard age
53 has bought a policy and does not want it, he / she 54
proof?
can return it and get a refund.

N
I. Free evaluation I. Ration card
SA
II. Free look II. Horoscope
III. Cancellation III. Passport
IV. Free trial IV. Village Panchayat certificate
VA

In case the policyholder is not satisfied with the policy,

From the below given age proof documents, identify
he / she can return the policy within the free-look
55 the one which is classified as non-standard by 56
period i.e. within ________of receiving the policy
insurance companies.
document.
-

I. School certificate I. 60 days

II. Identity card in case of defence personnel II. 45 days
III. Ration card III. 30 days
EM

IV. Certificate of baptism IV. 15 days

Which of the below statement is correct with regards

VA

57 to a policy returned by a policyholder during the free 58 Which of the below statement is correct?
look period?
I. The insurance company will refund 100% of the I. The proposal form acceptance is the evidence
premium that the policy contract has begun
II. The insurance company will refund 50% of the II. The acceptance of premium is evidence that the
premium policy has begun
III. The insurance company will refund the
premium after adjusting for proportionate risk III. The First Premium Receipt is the evidence that
premium for the period on cover, medical the policy contract has begun
examination expenses and stamp duty charges
IV. The insurance company will forfeit the entire IV. The premium quote is evidence that the policy
premium contract has begun

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 6

Which of the following documents is an evidence

59 60 Which of the below is not a valid address proof?
of the contract between insurer and insured?
I. Proposal form I. PAN Card
II. Policy document II. Voter ID Card
III. Prospectus III. Bank passbook
IV. Claim form IV. Driving licence

In order for the policy to acquire a guaranteed

61 Which of the below statement is correct? 62 surrender value, for how long must the premiums be
paid as per law?
I. The policy document has to be signed by a
I. Premiums must be paid for at least 2 consecutive
competent authority but need not be compulsorily
years
stamped according to the Indian Stamp Act.

AM
II. The policy document has to be signed by a
II. Premiums must be paid for at least 3 consecutive
competent authority and should be stamped according
years
to the Indian Stamp Act.

TH
III. The policy document need not be signed by a
III. Premiums must be paid for at least 4 consecutive
competent authority but should be stamped according
years
to the Indian Stamp Act.
IV. The policy document neither needs to be

N
signed by a competent authority nor it needs to be IV. Premiums must be paid for at least 5 consecutive
SA
compulsorily stamped according to the Indian Stamp years
Act.

Under what circumstances would the policyholder Which of the below forms the first part of a
VA

63 64
need to appoint an appointee? standard insurance policy document?
I. Insured is minor I. Policy schedule
II. Nominee is a minor II. Standard provisions
III. Policyholder is not of sound mind III. Specific policy provisions
-

IV. Policyholder is not married IV. Claim procedure

Which of the below alteration will be permitted by an

EM

65 Which of the following is an example of moral hazard? 66

insurance company?
I. Stunt artist dies while performing a stunt I. Splitting up of the policy into two or more policies
VA

II. A person drinking copious amounts of alcohol

II. Extension of the premium paying term
because he is inured
III. Change of the policy from with profit policy to
III. Insured defaulting on premium payments
without profit policy
IV. Proposer lying on policy document IV. Increase in the sum assured

For an insurance policy nomination is allowed under

67 68 Which of the following is not a standard age proof?
_________ of the Insurance Act, 1938.
I. Section 10 I. Passport
II. Section 38 II. School leaving certificate
III. Section 39 III. Horoscope
IV. Section 45 IV. Birth certificate

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 7

Amruta is pregnant. She has applied for a term

Sheena is suffering from acute diabetes. She has
insurance cover. Which of the below option will be
applied for an insurance plan. In this case the
69 the best option to choose for an underwriter to 70
underwriter is most likely to use ____________ for
offer insurance to Amruta? Choose the most likely
underwriting. Choose the most appropriate option.
option.
I. Acceptance at ordinary rates I. Judgment method
II. Acceptance with extra premium II. Numerical method
III. Any of the above method since an illness like
III. Decline the proposal diabetes does not play a major role in the underwriting
process
IV. Neither of the above method as diabetes cases are
IV. Acceptance with a restrictive clause
rejected outright

Santosh has applied for a term insurance policy.

AM
His anticipated mortality is significantly lower than
Which of the below insurance proposal is not likely to
71 72 standard lives and hence could be charged a lower
qualify under non-medical underwriting?
premium. Under risk classification, Santosh will be
classified under ___________.

TH
I. Savita, aged 26 years, working in an IT company as a
I. Standard lives
software engineer
II. Mahesh, aged 50 years, working in a coal mine II. Preferred risks
III. Satish, aged 28 years, working in a bank and
N
SA
III. Substandard lives
has applied for an insurance cover of Rs. 1 crore

IV. Pravin, aged 30 years, working in a departmental

VA

store and has applied for an endowment insurance IV. Declined lives
plan for a tenure of 10 years

Mahesh has bought a life insurance policy with a

-

Praveen died in a car accident. The beneficiary

critical illness rider. He has made absolute
submits documents for death claim. Which of the
assignment of the policy in favour of Karan.
73 below document is an additional document required to 74
EM

Mahesh suffers a heart attack and there is a claim

be submitted in case of accidental death as compared
of Rs. 50,000 under the critical illness rider. To
to natural death.
whom will the payment be made in this case?
VA

I. Certificate of burial or cremation I. Mahesh

II. Treating physicians certificate II. Karan
III. The payment will be shared equally by Mahesh and
III. Employers certificate
Karan
IV. Neither of the two because Mahesh has
IV. Inquest Report suffered the heart attack but the policy is assigned in
favour of Karan.

75 What stands true with regard to HLV? 76 What is Sec 107 & 108?
1. Future value of Gross total income 1. Presumption of Death
2. Future value of net total income 2. Indisputebility Clause
3. Future value of his current income 3. MWP Act
4. None of these 4. Nomination

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 8

Which of the below statement best describes the Which of the below death claim will be treated as an
77 78
concept of claim? Choose the most appropriate option. early death claim ?
I. A claim is a request that the insurer should make I. If the insured dies within three years of policy
good the promise specified in the contract duration
II. A claim is a demand that the insurer should make II. If the insured dies within five years of policy
good the promise specified in the contract duration
III. A claim is a demand that the insured should
III. If the insured dies within seven years of policy
make good the commitment specified in the
duration
agreement
IV. A claim is a request that the insured should make IV. If the insured dies within ten years of policy
good the promise specified in the agreement duration

A payment made under a money-back policy upon Shankar bought a 10 year Unit Linked Insurance

AM
79 reaching a milestone will be classified under which 80 Plan. If he dies before the maturity of the policy
type of claim? which of the below will be paid?
I. Death claim I. Lower of sum assured or fund value

TH
II. Maturity claim II. Higher of sum assured or fund value
III. Premiums paid will be returned with 2% higher
III. Periodical survival claim
interest rate as compared to a banks savings deposit

N
IV. Surrender claim IV. Surrender value
SA
Based on classification of claims (early or non-early), Which of the below statement is correct with regards
81 82
pick the odd one out? to renewal notice?
VA

I. As per regulations there is a legal obligation on

I. Ramya dies after 6 months of buying a term
insurers to send a renewal notice to insured, 30 days
insurance plan
before the expiry of the policy

II. As per regulations there is a legal obligation on

-

II. Manoj dies after one and half years of buying a term
insurers to send a renewal notice to insured, 15 days
insurance plan
before the expiry of the policy
EM

III. As per regulations there is a legal obligation on

III. David dies after two and half years of buying a
insurers to send a renewal notice to insured, 7 days
term insurance plan
before the expiry of the policy
VA

IV. As per regulations there is no legal obligation on

IV. Pravin dies after five and half years of buying a
insurers to send a renewal notice to insured before the
term insurance plan
expiry of the policy

As per IRDAI (Protection of Policyholders Interests)

Regulations, 2002, a claim under a life policy shall be
As per guidelines, an insurance company has to
83 84 paid or be disputed, within 30 days from the date of
process an insurance proposal within __________.
receipt of all relevant papers and clarifications
required.
I. 7 days I. 7 days
II. 15 days II. 15 days
III. 30 days III. 30 days
IV. 45 days IV. 45 days
VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 9

Which of the below statement is correct with

Which of the below statement is correct with regards
85 86 regards to cashless service provided in health
to a warranty?
insurance?
I. It is an environment friendly go-green initiative
I. A warranty is a condition which is implied without started by insurance companies to promote
being stated in the policy electronic payments so that circulation of physical
cash notes can be reduced and trees can be saved.
II. Service is provided free of cost to the insured and
II. A warranty is a condition expressly stated in the no cash is to be paid as the payment is made by the
policy Government to the insurance company under a special
scheme
III. A warranty is a condition expressly stated in III. All payments made by insured have to be
the policy and communicated to the insured made only through internet banking or cards as cash
separately and not as part of the policy document is not accepted by the insurance company

AM
IV. If a warranty is breached, the claim can still be paid IV. The insured does not pay and the insurance
if it is not material to the risk company settles the bill directly with the hospital

TH
Though the duration of cover for pre-hospitalization
As per IRDA guidelines, a ________ grace period is expenses would vary from insurer to insurer and is
87 88

N
allowed for renewal of individual health policies. defined in the policy, the most common cover is
for ________ pre-hospitalization.
SA
I. Fifteen days I. Fifteen days
II. Thirty days II. Thirty days
III. Forty Five days III. Forty Five days
VA

IV. Sixty days IV. Sixty days

89 Identify which of the below statement is correct? 90 Identify which of the below statement is incorrect?
-

I. An employer can take a group policy for his

I. Health insurance deals with morbidity
employees
EM

II. Health insurance deals with mortality II. A bank can take a group policy for its customers
III. Health insurance deals with morbidity as well as III. A shopkeeper can take a group policy for its
mortality customers
VA

IV. A group policy taken by the employer for his

IV. Health insurance neither deals with morbidity or
employees can be extended to include the family
mortality
members of the employees.

The first and the primary source of information

Which of the following factor does not affect the
91 92 about an applicant, for the underwriter is his
morbidity of an individual?
________________.
I. Gender I. Age proof documents
II. Spouse job II. Financial documents
III. Habits III. Previous medical records
IV. Residence location IV. Proposal form

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 10

1) In a group health insurance, any of the

individual constituting the group could anti-select
The principle of utmost good faith in underwriting is
93 against the insurer. 2) Group health insurance 94
required to be followed by ___________.
provides coverage only to employer-employee
groups.
I. Statement 1 is true and statement 2 is false I. The insurer
II. Statement 2 is true and statement 1 is false II. The insured
III. Statement 1 and statement 2 are true III. Both the insurer and the insured
IV. Statement 1 and statement 2 are false IV. The medical examiners

The underwriting process is completed when

95 Insurable interest refers to ____________. 96
___________________.
I. All the critical information related to the health and
I. Financial interest of the person in the asset to be
personal details of the poser are collected through the
insured
proposal form

AM
II. All the medical examinations and tests of the
II. The asset which is already insured
proposer are completed
III. Each insurers share of loss when more than III. The received information is carefully assessed

TH
one company covers the same loss and classified into appropriate risk categories
IV. The amount of the loss that can be recovered from IV. The policy is issued to the proposer after risk
the insurer selection and pricing.

N
SA
Which of the following document is maintained at
Who among the following is not a stakeholder in
97 98 the hospital detailing all treatment done to an in-
insurance claim process?
patient?
I. Insurance company shareholders I. Investigation report
VA

II. Human Resource Department II. Settlement sheet

III. Regulator III. Case paper
IV. TPA IV. Hospital registration certificate
-

Which of the below is the most appropriate

explanation for the fact that young people are charged
99 100 What does OP stand for in Health Policies ?
lesser life insurance premium as compared to old
EM

people?
I. Young people are mostly dependant I. Dental Treatment
II. Old people can afford to pay more II. Surgery
VA

III. Mortality is related to age III. Heart transplant

IV. Mortality is inversely related to age IV. Limb transplant

Which of the below mentioned insurance plans has the Which of the below is not an advantage of cash value
101 102
least or no amount of savings element? insurance contracts?
1. Term insurance plan 1. Safe and secure investment
2. Endowment plan 2. Inculcates saving discipline
3. Whole life plan 3. Lower yield
4. Money back plan 4. Income tax advantages

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 11

Laxman has applied for a term insurance policy. His

The ________ the premium paid by you towards your anticipated mortality is significantly lower than
103 life insurance, the ________ will be the compensation 104 standard lives and hence could be charged a lower
paid to the beneficiary in the event of your death. premium. Under risk classification, Laxman will be
classified under ___________.
1. Higher, Higher 1. Standard lives
2. Lower, Higher 2. Preferred risks
3. Higher, Lower 3. Substandard lives
4. Faster, Slower 4. Declined lives
The first Indian company to start operations in 1870 in Cashless facilities in hospitals enlisted by insurer are
105 106
Mumbai is - referred by
1. Bombay Mutual Assurance Society 1. TPA
2. Oriental Life Insurance Co 2. Network Provider
3. National Insurance co 3. IRDA

AM
4. Triton Insurance Co 4. Health Care Services
Which among the following is a limitation of traditional
107 Key Man Insurance is taken to compensate 108
life insurance products?
1. Personal Loss 1. Yields on these policies is high

TH
2. Clear and visible method of arriving at surrender
2. Business loss
value

N
3. Liability loss 3. Well defined cash and savings value component
4. None of the above 4. Rate of return is not easy to ascertain
SA
What is the primary purpose of a life insurance What does the term 'premium'denote in relation to an
109 110
product? insurance policy?
1. Tax rebates 1. Profit earned by the insurer
VA

2. Safe investment avenue 2. Price paid by an insured for purchasing the policy
3. Protection against the loss of economic value of an
3. Margins of an insurer on a policy
individual's productive abilities
-

4. Wealth accumulation 4. Expenses incurred by an insurer on a policy

Mr. Kunal used to participate in Car race. While taking Money laundering is the process of bringing _______
EM

111 up the Insurance policy he disclosed this information. 112 money into an economy by hiding its _______ origin so
What kind of hazard does it refers to that it appears to be legally acquired.
1. Physical hazard 1. Illegal, illegal
VA

2. Fraudulent representation 2. Legal, legal

3. Moral hazard 3. Illegal, legal
4. Peril 4. Legal, illegal
Interest rates are one of the important components
With regards to valuation of assets by insurance
used while determining the premium. Which of the
113 114 companies, __________ is the value at which the life
below statement is correct with regards to interest
insurer has purchased or acquired its assets.
rates?
1. Lower the interest rate assumed, lower the
1. Discounted future value
premium
2. Higher the interest rate assumed, higher the
2. Discounted present value
premium
3. Higher the interest rate assumed, lower the
3. Market value
premium
4. The interest rates don't affect premiums
VASANTHAM IC 4. Book valueBY :
38 - COMPILED
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 12

Which type of insurance is mostly suited for mortgage Which of the following is a negative way of handling
115 116
loans taken by the person ? risk ?
1. Term assurance 1. Risk control
2. Term insurance with ROP 2. Risk financing
3. Mortgage redemption 3. Risk transfer
4. None of the above 4. Risk avoidance

These consist of those whose anticipated mortality

117 Which is correct? 118 corresponds to the_____________represented by the
mortality table.
1. A convertible term policy cannot be converted into a
1. Sub Standard lives
whole life policy
2. A convertible policy can be converted into a money

AM
2. Standard lives
back cover also
3. A convertible term policy can be converted into a
3. Prefered lives
whole life policy

TH
4. A converting term policy can be converted into a
4. None of the above
decreasing term policy

N
Ramesh is married and wants to buy a life insurance
119 120 Primary care can be described as ____________.
policy on his friends life. Find out his option
SA
1. No, Ramesh cannot buy life insurance on his friends
1. Care provided to patient in an acute setting
life because he is married
VA

2. Yes, Ramesh can buy insurance on his friends life 2. Care provided in hospitals

3. No, Ramesh cannot buy life insurance on his friends

3. First point of contact for people seeking healthcare
life because of the principle of Caveat Emptor
-

4. No, Ramesh cannot buy life insurance on his friends

4. Care provided by Doctors
life because there is no insurable interest
EM

An Insurance policy where claim is given to the

121 Insurance is a .. Product 122
nominee. Which type of claim is this?
VA

1. Tangble product 1. Maturity claim

2. Intangble product 2. Death claim
3. Both are correct 3. Survival benefit
4. Both are wrong 4. None of these

123 Element of a valid contract most related to premium? 124 Which one of these is a valid contract?
1. Utmost good faith 1. Paying bribe for getting work done
2. Capacity to contract 2. Insurance for a housewife with no income
3. Consideration 3. Buying a house from a friend for a throwaway price
4. Consensus Id idem 4. Life insurance for maternal uncle

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 13

Which of the following denotes the underwriter's role Which among the following is not an objective of tax
125 126
in an insurance company? planning?
1. Process claims 1. Maximum tax benefit
2. Reduced tax burden as a result of prudent
2. Decide acceptability of risks
investments
3. Product design architect 3. Tax evasion
4. Customer relations manager 4. Full advantage of tax breaks
Which of the below action showcases the principle of
127 Which of the below is not a feature of MWP Act policy? 128
Uberrima Fides?
1. Lying about known medical conditions on an
1. Each policy will remain a separate trust
insurance proposal form
2. Not revealing known material facts on an insurance
2. It can be attached by any creditor
proposal form
3. Disclosing known material facts on an insurance
3. Claim money shall be paid to the trustees

AM
proposal form
4. Trustees may be wife & children 4. Paying premium on time

Mohit Gupta applies for an insurance cover from an

Mahesh had bought a ULIP 10 year back. At Maturity,

TH
insurance company . The company finds him below the
129 the market went significantly low. What can Mahesh 130
insurable standard but still can be insurable. Insurance
consider?
company would classify Mohit Gupta in the category of

N
1. Can extend the term of the policy 1. Sud-standard lives
2. Can opt for the settlement option 2. Preffered Risk
SA
3. Can opt for any of the option 3. Declined lives
4. Can do none of these 4. Standard lives
VA

By transferring risk to insurer, it becomes possible If a Health Insurance policyholder takes treatment in a
131 132
___________. non-network hospital, then how will he be reimbursed
1. Settle the hospital bill himself and get it reimbursed
1. To become careless about our assets
later by the Insurance company
2. To make money from insurance in the event of a
-

2. Need to add that hospital as TPT

loss
3. To ignore the potential risks facing our assets 3. Cannot claim the expenses
EM

4. To enjoy peace of mind and plan one's business

4. All of the above
more effectively
The best insurance plan for an individual who needs Both the parties should agree to the same thing in the
133 134
VA

insurance and has a low budget. same sense. In other words it means
1. Endowment assurance 1. Utmost Good Faith
2. Term insurance 2. Consensus ad-idem
3. Money back policy 3. Capacity to Contract
4. Whole life insurance 4. Caveat Emptor
135 Pooling of risk in insurance means 136 Which of the below statement is correct?
1. The proposal form acceptance is the evidence that
1. The premium collected and deposited in a pool
the policy contract has begun
2. The acceptance of premium is evidence that the
2. All similar risks are pooled together
policy has begun
3. The First Premium Receipt is the evidence that the
3. Contribution of the Insurance company
policy contract has begun
4. The premium quote is evidence that the policy
4. Premium is pool to make claims
contract has begun
VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 14

Interest rates are one of the important components

Which of the below policy can provide protection to used while determining the premium. Which of the
137 138
home loan borrowers? below statement is correct with regards to interest
rates?
1. Lower the interest rate assumed, lower the
1. Property insurance
premium
2. Higher the interest rate assumed, higher the
2. Assest Insurance
premium
3. Higher the interest rate assumed, lower the
3. Mortgage Redemption Insurance
premium
4. General Insurance 4. The interest rates don't affect premiums
________________ is an insured who undergoes Which of the following is not an example of direct
139 140
treatment after getting admitted in a hospital. marketing?
1. Inpatient 1. Web Based Marketing

AM
2. Outpatient 2. Selling through Banks
3. Day patient 3. Mail Marketing
4. House patient 4. Work Site Marketing

TH
The provision for return of a part of the sum assured in
Suggest a fund for investor who wants to park his
periodic instalments during the term and balance of
141 142 money in to secure investment like
sum assured at the end of the term is
Govt.bond/FD/Corporate Bond?
called____________________

N
1. Endowment 1. Money Market Fund
2. Money Back
SA
2. Debt Fund
3. ULIP 3. Equity Fund
4. Pension 4. Balanced Fund
VA

The premium for accidental death benefit rider must Rating factor for non-medical underwritting does not
143 144
not exceed include
1. 15% of base policy premium 1. Age
2. 25% of base policy premium 2. Large Sum assured
3. 30% of base policy premium 3. Salary level
-

4. 5% of base policy premium 4. Moral hazard

EM

_________ refers to a hospital/health care provider

If on maturity of the policy, the fund value is paid to the
145 146 enlisted by an insurer to provide medical services to an
insured, what kind of Policy is it?
insured on payment by a cashless facility
VA

1. Endowment Assurance Plan 1. Day care centre

2. Money Back Plan 2. Network provider
3. Unit Linked Insurance Plan 3. Third Party Administrator
4. Return of premium Term Plan 4. Domiciliary

_______ can be defined as a contract between insurer

and insured wherein insurer agrees to pay
Which of the following condition will affect a person's
147 hospitalization expenses to the tune of agreed sum 148
insurability negatively?
assured in the event of medical expenses arising out of
illness or an injury
1. Health Insurance 1. Daily jogs
2. Term Insurance 2. Banned substance abuse
3. Endowment Assurance 3. Lazy nature
4. Annuity 4. Procrastination
VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 15

Which of the below is one of the ways of defining Which of the below features will be checked in a
149 150
surplus? medical examiner's report?
1. Excessive liabilities 1. Emotional behaviour of the proposer
2. Excessive turnover 2. Height, weight and blood pressure
3. Excess value of liabilities over assets 3. Social status
4. Excess value of assets over liabilities 4. Truthfulness

In a standard insurance policy document, the standard

151 provisions section will have information on which of 152 Who is the Regulator of Capital Market in India?
the below?
1. Date of commencement, date of maturity and due
1. IRDA
date of last premium
2. Name of the nominee 2. SEBI
3. The rights and privileges and other conditions,
3. RBI
which are applicable under the contract

AM
4. The signature of the authorised signatory and policy
4. AMFI
stamp

TH
153 Which of these statements is incorrect ? 154 Which among the following is an example of Fraud?
1. Mutuality provides protection against the economic

N
loss arising as a result of one unit, where the
1. Signing a contract without having proper knowledge
contributions of many who have entered into the life
SA
insurance contract
2. Mutuality is also known as pooling 2. Threatening to kill if he does not sign the contract
VA

3. Under mutuality we have funds flow from one 3. Uses his professional standing to get to sign a
source to many contract
4. Under mutuality, the funds of various individuals are
4. Providing false information to get to sign a contract
combined
-

Suresh has adequate reserve capital with him and he

Ramesh already has a lot of policies. Now he is in dire wishes to protect his income, moreover he feels that if
155 156
need of money. What will you suggest him to do ? he does not die then he would need the amount. What
EM

type of plan should he opt for?

1. Purchase an income protection plan 1. Endowent plan
2. Surrender his high cash value contracts 2. Return of premium plan
VA

3. Purchase a money back plan 3. Retirement plan

4. Stop paying premium and let the policy lapse 4. Term insurance plan

157 What is the subject matter in Life Insurance? 158 Find out two factors needed to calculate HLV?
1. Property 1. Net earnings & no of family members
2. Good Will 2. Net earnings & annual rate of interest
3. Human Life 3. Net earnings & Job type
4. Premium 4. Net earnings & type of insurance product

159 Universal life insurance is associated with? 160 Oriental Life insurance co. was formed in the year?
1. Germany 1. 1817
2.UK. 2. 1818
3. France 3. 1890
4. USA 4. 1980

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 16

Ram is married and wants to buy insurance for his What will happen if the insured person loses the
161 162
friend. Why can he not buy? original life insurance policy document?
1. The insurance company will issue a duplicate policy
1. Because he is married
without making any changes to the contract

2. Because he has no insurable interest in his friend 2. The insurance contract will come to an end

3. The insurance company will issue a duplicate policy

3. Because he does not have sources to pay premium with renewed terms and conditions based on the
current health declarations of the life insured
4. The insurance company will issue a duplicate policy
4. Because his friend is rich without making any changes to the contract, but only
after a Court order.

AM
Mrs. Sheela received some amount out of her If a person has got cataract surgery from a day care
163 husbands death. In such a situation what will be her 164 centre, for how long does he have to stay at the
prime focus? hospital?

TH
1. Savings 1. One hour
2. Insurance 2. One week
3. Investment management 3. Five days
4. Planning for pension 4. One day

N
SA
Which of the below is not an element of the life
165 Which of the following statements is correct? 166
insurance business?
1. Higher the mortality rate higher the premium 1. Asset
VA

2. Higher the interest rate assumed lower the

2. Risk
premium
3. Both A and B are true 3. Principle of mutuality
4. Only A is true 4. Subsidy
-

Which among the following is a secondary burden of

167 From the below given list, which is a tangible product ? 168
risk?
EM

1. House 1. Business interruption cost

2. Insurance 2. Goods damaged cost
3. Setting aside reserves as a provision for meeting
3. Goodwill
VA

potential losses in the future

4. Air 4. Hospitalisation costs as a result of heart attack

Ravi has applied for a term insurance. His predicted

mortality is significantly lower than standard lives and
169 What does pooling of loses imply? 170
hence could be charged a lesser premium. Under risk
classification, Santosh will be classified under
1. Increased Risk 1. Standard lives
2. Replacing actual loss with average loss 2. Preferred risks
3. Sharing of loss by group 3. Substandard lives
4. Inability to protect losses 4. Declined lives

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 17

A patient who undergoes treatment after getting

171 172 Primary care can be described as ____________.
discharged from a hospital is known as
1. Inpatient 1. Care provided to patient in an acute setting
2. Outpatient 2. Care provided in hospitals
3. Day patient 3. First point of contact for people seeking healthcare
4. House patient 4. Care provided by Doctors

Nitin is looking for a term insurance plan for protection

173 174 Key Man Insurance is taken to compensate
of his family, he is advised to approach:
1. Property Insurance 1. Personal Loss
2. Life Insurance 2. Business loss
3. Health Insurance 3. Liability loss
4. Liability Insurance 4. None of the above

AM
Health insurance is designed to handle which of the
175 In insurance, contract consideration is 176
following risks?
1. rebate 1. Mortality
2. sum assured 2. Morbidity

TH
3. premium 3. Infinity
4. None 4. Serendipity

Savings can be considered as a composite of two

N
177 Who can be covered under a family floater policy 178
decisions. Choose them from the list below.
1. Spouse, Children, parents in law and friend 1. Risk retention and reduced consumption
SA
2. Friends 2. Gifting and accumulation
3. Brothers 3. Spending and accumulation
4. Postponement of consumption and parting with
VA

4. None of the above

liquidity
In India , which are the kinds of non-traditional plans According to Indian Evidence Act, presumption of
179 that are permitted , i) Variable Insurance plans , ii) Unit 180 death is assumed in case a person is unheard of for
Linked Insurance Plans _____ years
-

1. Only i 1. 5
2. Only ii 2. 9
EM

3. Both i and ii 3. 12
4. None 4. None
Which of the below is the most appropriate
explanation for the fact that young people are charged
VA

181 Which of the following is not an underwriting decision 182

lesser life insurance premium as compared to old
people?
1. Risk acceptance at standard rates 1. Young people are mostly dependant
2. Declinature of risk 2. Old people can afford to pay more
3. Postponement of risk 3. Mortality is related to age
4. Claim rejection 4. Mortality is inversely related to age

Which is the policy in which the cash value can go

Ram needs to submit a standard age proof with his
183 down to zero, in which case the policy would 184
proposal, choose the most appropriate choice
terminate?
1. Money Back Policy 1. Ration card
2. Variable life insurance 2. Passport
3. Endowment Plan 3. Voter ID
4. Term Plan 4. Court Affidavit
VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 18

Which catogory of insurance policy estate planning can Harish is a rickshaw- puller. What kind of occupational
185 186
be done for one's wife? hazard does he face in his life?
1. Life insurance 1. Health Hazard
2. Life insurance under section 6 of MWP Act 2. Accident Hazard
3. Property insurance 3. Moral Hazard
4. Assignment of Policy 4. Lifestyle Hazard
By whom will the product Valuation & Pricing be done
187 188 In Insurance contract, the contract is between?
in a life Insurance?
1. Underwriter 1. Agent and Insurer
2. Actuary 2. Agent and Insured
3. TPA 3. Insurer and Insured
4. Insurer 4. None of the above

Mahesh ran a business on borrowed capital. After his Akash is an Unmarried person and employed with

AM
sudden demise, all the creditors are doing their best to company ABC and drawing a handsome salary. He has
189 190
go after Maheshs assets. Which of the below assets is no liabilities. What kind of plan can be suggested to
beyond the reach of the creditors? him?

TH
1. Property under Maheshs name 1. Money Back
2. Mahesh's bank accounts 2. Term Plan
3. Term life insurance policy purchased under Section
3. Endowment Plan
6 of MWP Act

N
4. Mutual funds owned by Mahesh 4. ULIP
SA
Vivek applied for a Rs. 25 lakh value policy for 20 year
Which of the following cases is likely to be declined or
191 192 term. At the time of maturity all his suvival benefit was
postponed by a life insurer?
deducted . What catogory of plan is this?
VA

1. Healthy 18 year old 1. Participating policy

2. An obese person 2. Endowment plan
3. A person suffering from cancer 3. Term with ROP
4. Housewife with no income of her own 4. Money Back
-

If Ram pays Rs.5000/ annual premium through an

How does diversification reduce risks in financial
EM

193 agent of LIC, LIC promises to pay Rs.1,00,000 on death . 194

markets?
Who is the insured?
1. Collecting funds from multiple sources and
1. Ram
investing them in one place
VA

2. Family 2. Investing funds across various asset- classes

3. Insurance agent 3. Maintaining time difference between investments
4. Insurance Company 4. Investing in safe assets
A policy is effected under the MWP Act. If the
Identify the form of insurance that is depicted in the
policyholder does not appoint a special trustee to
following scenario - Scenario: Patient pays the health
195 receive and administer the benefits under the policy, 196
provider and is subsequently reimbursed by the health
the sum secured under the policy becomes payable to
insurance company.
the _____________.
1. Next of kin 1. Service Benefit
2. Official Trustee of the State 2. Direct contracting
3. Insurer 3. Indemnity
4. Insured 4. Casualty

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 LIC VASANTHAM
Page 19

IC 38 QUESTION BANK CORRECT ANSWERS

QUE. NO: ANS. QUE. NO: ANS. QUE. NO: ANS. QUE. NO: ANS.
1 2 51 2 101 1 151 3
2 3 52 2 102 3 152 2
3 1 53 2 103 1 153 3
4 2 54 3 104 2 154 4
5 1 55 3 105 1 155 2
6 2 56 4 106 2 156 2
7 2 57 3 107 2 157 3
8 2 58 3 108 4 158 2
9 1 59 2 109 3 159 4
10 3 60 1 110 2 160 2
11 2 61 2 111 1 161 2

AM
12 3 62 2 112 1 162 1
13 3 63 2 113 3 163 3
14 2 64 1 114 4 164 4
15 3 65 2 115 3 165 3

TH
16 4 66 1 116 4 166 4
17 2 67 3 117 3 167 1
18 3 68 3 118 2 168 3
19 1 69 4 119 4 169 3

N
20 3 70 1 120 3 170 2
21 3 71 2 121 2 171 2
SA
22 2 72 2 122 2 172 3
23 3 73 4 123 3 173 2
24 3 74 2 124 2 174 2
25 3 75 2 125 2 175 3
VA

26 1 76 1 126 3 176 2
27 3 77 2 127 2 177 1
28 3 78 1 128 3 178 4
29 2 79 3 129 2 179 3
30 2 80 2 130 1 180 4
-

31 1 81 4 131 4 181 4
32 2 82 4 132 1 182 3
EM

33 3 83 2 133 2 183 2
34 3 84 3 134 2 184 2
35 3 85 3 135 2 185 2
36 3 86 4 136 3 186 1
VA

37 2 87 2 137 3 187 2
38 1 88 2 138 3 188 3
39 3 89 1 139 1 189 3
40 3 90 3 140 2 190 4
41 2 91 2 141 2 191 3
42 3 92 4 142 2 192 4
43 2 93 4 143 3 193 1
44 2 94 3 144 3 194 2
45 3 95 1 145 3 195 2
46 2 96 3 146 2 196 3
47 2 97 2 147 1
48 3 98 4 148 2
49 2 99 3 149 4
50 2 100 1 150 2

VASANTHAM IC 38 - COMPILED BY :
R.MANAVALAN, DEVELOPMENT OFFUICER,
L.I.C. OF INDIA, TALLAKULAM BRANCH,
MADURAI - 625002. MOBILE NO : 9443472469
E.MAIL ID : [email protected]
 One who wins
without problems
it is just Victory

BUT

One who wins

with Lot of
problems
that is History