Quick Answer: How Can I Get IRDA License?

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 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 much do insurance surveyors earn in India?

Absolute Insurance Surveyors and Loss Assessors SalariesJob TitleSalarySurveyor salaries – 1 salaries reported₹ 21,255/moAssistant Manager salaries – 1 salaries reported₹ 5,98,635/yrBack Office Executive salaries – 1 salaries reported₹ 14,214/moLoss Adjuster salaries – 1 salaries reported₹ 17,942/mo4 more rows•Nov 14, 2020

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.

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.

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.

What is IRDA license?

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 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 fees of IRDA exam?

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

What is the validity of IRDA Licence?

As per IRDA regulations you need to renew your surveyor license every five years. The system sends you a reminder email 3 months before the license expiration date informing you to renew your license before expiry.

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)

Is it good to become LIC agent?

1] Joining A Successful Team: By joining LIC as agent, one will be a part of the country’s finest team of life insurance Agents. … 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.

How can I get my IRDA license copy online?

Duplicate LicenseClick Surveyor – Individual tab.Click Licensing tab.On the Licensing screen, click Duplicate License. The Duplicate License screen is displayed. It contains the license number and the expiry date of your license. All the mandatory fields are marked with an asterisk (*).

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 are the powers of IRDA?

Duties, Powers and Functions of IRDA The IRDA Authority has the duty to promote, regulate and ensure orderly growth of the insurance and re-insurance businesses across India, subject to the provisions of this Act and any other additional law that is being enforced.

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 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.