Insurance Agent Quiz

To become an insurance agent in India, the applicant must apply through:

• RBI

• SEBI

• IRDAI or an approved insurance company

• Ministry of Finance

One of the basic requirements to become an insurance agent is:

• To own a business

• To have a minimum net worth

• To undergo compulsory training

• To be a government employee

Who regulates the appointment and conduct of insurance agents in India?

• LIC

• IRDAI

• RBI

• Income Tax Department

The minimum age required to become an insurance agent is:

• 16 years

• 18 years

• 21 years

• 25 years

Educational qualification required to become a general insurance agent:

• No education required

• At least 10th pass

• Graduate in any field

• MBA in insurance

Before applying for a license, the candidate must complete:

• Police verification

• Exam conducted by IRDAI-authorized body

• License from the post office

• Internship with LIC

The mandatory training hours for life insurance agents is:

• 10 hours

• 25 hours

• 50 hours

• 100 hours

The insurance agent license is valid for:

• 1 year

• 2 years

• 3 years

• 5 years

The license needs to be:

• Transferred yearly

• Renewed before expiry

• Changed after every policy sale

• Submitted to the police

Who issues the license to the insurance agent?

• Ministry of Labour

• Insurance company

• IRDAI

• SEBI