How Can I Pass IRDA Exam?

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.

How much do insurance surveyors earn in India?

Absolute Insurance Surveyors and Loss Assessors SalariesJob TitleSalarySurveyor salaries – 1 salaries reported₹ 21,797/moAssistant Manager salaries – 1 salaries reported₹ 6,13,920/yrBack Office Executive salaries – 1 salaries reported₹ 14,577/moLoss Adjuster salaries – 1 salaries reported₹ 18,400/mo5 more rows

What is the eligible age for life insurance agent?

18 yearsTo be a LIC agent, your educational qualification should be at least 10th pass and the age should be minimum 18 years. Earlier, it was necessary to have 12th pass certificate to become an agent.

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.

Which insurance company is under IRDA?

List of Life Insurance Companies in IndiaAegon Life Insurance Co. Ltd.Aviva Life Insurance Co. … Bajaj Allianz Life Insurance Co. … Bharti AXA Life Insurance Co. … Birla Sun Life Insurance Co. … Canara HSBC Oriental Bank of Commerce Life Insurance Co. … DHFL Pramerica Life Insurance Co. … Edelweiss Tokio Life Insurance Co.More items…

Why is IRDA exam?

IRDA Exam 2021 acronym as Insurance Regulatory and Development Authority exam also known as LIC agent Exam is conducted by Insurance Institute of India every year an all India bases for recruitment of Insurance agents in insurance companies.

Do insurance agents make good money?

The most recent government data regarding the average income of American insurance agents was compiled in 2012. According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually.

Can private employee become LIC agent?

Yes it is possible to be an agent in any General insurance or Life insurance company in India. But the most important condition is the applicant for agency must not be an employee/ the relative of any employee working in Life insurance companies or General insurance companies.

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 IC 38 exam?

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 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.

How tough is IRDA exam?

Pulkit, it is not tough. Don’t take it casually, be serious , that’s all. It I not designed for super intelligent. It is more to judge whether you have acquired basic theoretical knowledge.

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. 250/-.

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 the full form of IC 38?

The eligibility to become an Insurance Agent is that one needs to pass IRDA IC38 i.e. Insurance Regulatory and Development Authority which is an independent body for endorsing and regulating of insurance.

What is the purpose of IRDA?

Insurance Regulatory and Development Authority (IRDA) Act, 1999 spells out the Mission of IRDAI as: “… to protect the interests of the policyholders, to regulate, promote and ensure orderly growth of the insurance industry and for matters connected therewith or incidental thereto……”

Why is IRDA important?

The Authority acts as the regulator of the insurance industry in India and oversees the functioning of the Life Insurance and General Insurance companies operating in the country. The main objective of the IRDA is to protect the interests of the policyholder and regulate the insurance industry.

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.

What is the validity of IRDA Licence?

three yearsIRDA 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 join IRDA?

The minimum Qualification for IRDA exam is Bachelor’s Degree, i.e. the aspirants must have at least passed Graduation with a minimum aggregate of 60% marks. IRDA Exam Age Limit: The minimum age of a candidate to appear for IRDA exam Assistant Manager Post is 21 years, and the upper age limit for the same is 30 years.

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.