Is IRDA Exam Tough?

How can I prepare for IRDA exam?

How to Prepare for IRDA Exam – Reasoning.

Start your preparation with easy and scoring topics like Arrangement & Pattern and Coding Decoding.

These two topics will most probably hold a weightage of 10-15 marks.

Apart from these, regularly practice Puzzles, because it will be asked in exam for 10-15 marks..

Do LIC agents get salary?

Lifelong income: LIC pays you the commissions on premiums for policies you sold long after you retire. Some LIC agents earn between Rs. 1.2 million to Rs. 1.5 million per month, which is higher than the best paid job in India.

Which insurance company is under IRDA?

Registered Insurers – LifeAegon Life Insurance Co. Ltd.Aviva Life Insurance Co. India Ltd.Bajaj Allianz Life Insurance Co. Ltd.Bharti AXA Life Insurance Co. Ltd.Birla Sun Life Insurance Co. Ltd.Canara HSBC Oriental Bank of Commerce Life Insurance Co. Ltd.DHFL Pramerica Life Insurance Co. Ltd.Edelweiss Tokio Life Insurance Co. Ltd.More items…

What is IRDA Licence?

An individual agent is one who has undergone requisite training, passed an examination and been duly licensed by IRDA to sell insurance polices to the public and provide after-sales service including assisting at the time of a claim. His licence may be for life insurance, general insurance or both.

Who can give IRDA exam?

Candidates interested to take the IRDA exam should be +2 from a recognized school/board. Candidates aspiring to take IRDA Exam should not be below 18 years of age, however, there is no upper age limit for taking IRDA Exam for becoming a LIC agent.

How can I pass IRDA exam?

Passing 35% =18 (even you score 17 marks ,One mark will be given as grace )Strategy To Pass this IC 38 LIC agent Exam.Obtain Minimum Marks.First Solve 10 question minimum——————10.Tick Ans “C” option remaining 40 Question———–10 (Probability)Total Obtain Marks=======20(Passed)

How many questions are there in IRDA exam?

50IRDA Exam HighlightsExam nameInsurance Regulatory and Development Authority ExamMode of ExamOnlineNumber of Questions50Time Allotted1 hourMaximum Marks50 marks2 more rows

What is IC 33?

LIFE INSURANCE. ACKNOWLEDGEMENT. This course has been prepared with the assistance of: Dr.S.Kutty.

Who is the No 1 insurance company in India?

Life Insurance Companies in IndiaS. NoName of the Company1.Life Insurance Corporation of India2.HDFC Life Insurance Co. Ltd3.Max Life Insurance Co. Ltd.4.ICICI Prudential Life Insurance Co. Ltd20 more rows

What is IC 38?

IC38 is a subject related to Insurance Industry. IC38 exam is conducted for people who want to become insurance adviser in any Insurance company. IC38 Subject contains all basic aspect of Life, Health and General Insurance industry. This Subject starts with inception of insurance to Reinsurance.

What is the validity of IRDA Licence?

IRDA certificate is valid for a period of three years. No. Candidates need not write exam for Certificate Renewal. They have to undergo 25 hours of practical training in order to renew the certificate for another block of 3 years.

How can I be a LIC agent?

Here are the steps to apply for becoming an LIC agent:Visit the official website of LIC.Click ‘Be an Agent (Individual)’ under Join Our Team menu tab.Click ‘Apply-Now’ located on right side of the page.Fill in the application form to take it ahead with the branch office.

What is the passing marks for IRDA exam?

Measure intended to attract more advisors to insurance. Measure intended to attract more advisors to insurance. IRDA has reduced the passing mark for the pre-recruitment examination of insurance agents from 50 percent to 35 percent.

What is the fees of IRDA exam?

The registration fee for attending the IRDA agent exam is Rs. 700/-. Exam fee for attending the test is Rs.

How do I become a licensed IRDA agent?

You should complete 50 hours of training from an IRDAI approved training institution to act as a Life Insurance agent. If you are seeking a license for the first time to act as a composite insurance agent, you will have to take 75 hours of training. The exam takes place online.

Is it good to become LIC agent?

2] Attractive Remuneration: LIC offers one of the best remuneration systems in the industry that not only takes care of your current earnings, but also guarantees an earning for the future. As LIC agent, you can set your own income targets with a potential to earn as much as you want for the rest of your life.

How can I be a insurance agent?

1· To become an insurance agent in India, you must pass the IRDAI IC 38 pre-recruitment qualification exam. The exam is conducted by institutes sanctioned by IRDAI. 2· If you want to become an insurance agent, you are expected to register online via IRDAI’s portal.

Is there any negative marking in IRDA exam?

The Test contains 50 Multiple Choice Questions. … Each question carries one mark. There is NO NEGATIVE MARK for wrong answers. To qualify a person should get 35% marks.

What is the benefit of IRDA exam?

IRDA holds recruitment drive through Insurance institutes of India for IRDA exam. IRDA exam is an all India level exam that recruits eligible candidates for dignified posts in IRDA. The exam for IRDA is not an annual process, and the recruitment is done based on the requirement of the company.