III Licentiate IC 01 Principles Of Insurance Mock Test

Description

III Licentiate PrepPro- Practice Test & Mock Test for Insurance Institute of India Licentiate Exams. Licentiate Exam Preparation Mock Test for IC 01 III Licentiate Exam Preparation Mock Test - IC 01 Principles Of Insurance.

ABOUT THIS MOCK TEST-

700+ Question Bank Spread Across 5 Mock Test & a Chapter Summary Test. To help individuals gauge their current level of knowledge and further enhancement of confidence for real III Licentiate Exam. Mock Tests is specially designed Learning Outcome wise & Test Objective wise as outlined by III for each chapter.

A) 5 Mock Test (100 Questions Each) Covering all Test Objectives Outlined by Insurance Institute of India

B) One test of 200+ Questions covering the summary of all Chapters

Key Features:

1) Detail Explanations to strengthen your exam preparation

2) Knowledge Area to assess weak area and re-preparer.

This online mock test aims to equip learners with a comprehensive understanding of relevant expertise needed for success in III Licentiate Exam for IC 01 – Principles Of Insurance.

Chapters Covered

1: Risk Management

2: The Concept of Insurance and its Evolution

3: The Business of Insurance

4: The Insurance Market

5: Insurance Customers

6: The Insurance Contract

7: Insurance Terminology

8: Life Assurance products

9: General Insurance Products

10: History of Insurance & History of Insurance in India.

-Knowledge Area Covered on This Online Mock Test-

1. Understand risk analysis and risk management techniques.

2. Understand risk retention for individuals.

3. Understand the meaning of risk and distinguish between different types of risks

4. Appreciate the importance of the insurance industry

5. Be aware how insurance evolved

6. Discuss the different classes of insurance

7. Understand how insurance works

8. Understand the concept of insurance

9. Discuss the role of insurance in economic development and social security

10. Explain reinsurance and its importance

11. Understand how insurers manage risk

12. Understand how premiums are fixed

13. Understand how risk is managed by individuals

14. Be familiar with the Indian insurance market

15. Learn about the role of intermediaries

16. Learn about the role of specialists

17. Learn about the role of the regulator and other bodies

18. Discuss the importance of ethical behaviour

19. Understand customer mindsets and customer satisfaction.

20. Understand the different types of customers and how they differ

21. Understand who is an insured

22. Discuss the insurance contract.

23. Learn about the significance of the principle of Insurable Interest.

24. Learn the Concept of Proximate Cause

25. Understand the principle of indemnity

26. Understand the principle of Subrogation and Contribution

27. Understand terms that are specific to non-life insurance

28. Understand the terms that apply to life and non-life insurance

29. Understand the terms that are specific to life insurance

30. Learn about traditional products offered by life insurance companies

31. Understand the features of annuities and group policies

32. Know about the products offered by non-life insurance companies

33. Learn about various insurance products offered under miscellaneous category

34. Understand the features of fire insurance and marine insurance product

NOTE-

This mock test is part of my printed guidebook: III Licentiate Exam Preparation Guide IC 01 PRINCIPLES OF INSURANCE Revised – Nov 2023

The 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.

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