IC38 -English New Syllabus IC38 Mock Test-17
IC38 English Mock Test helps you prepare for the essential IRDAI IC38 exam to become an insurance agent. It covers insurance principles, regulations, claims, ethics, and sales techniques. Understand the exam pattern, boost your confidence and achieve success with our mock tests. Practice well and pass the exam on your first attempt!
1. How are "declined risks" typically handled by insurers?
I. They are charged higher premiums and accepted for coverage.
II. They are classified as preferred risks and are charged lower premiums.
III. They are declined for insurance coverage.
IV. They are accepted for coverage with certain conditions and restrictions.
Correct Answer
Wrong Answer
2. How does a top-up cover policy work in conjunction with a basic health cover?
The top-up cover replaces the basic health cover.
Top-up cover provides additional benefits to the basic health cover.
Top-up cover is a standalone policy separate from your basic health cover.
The top-up cover only applies when the basic health cover is exhausted.
Correct Answer
Wrong Answer
3. How long is the minimum hospitalization period required for the expenses to be admissible?
12 hours
24 hours
48 hours
72 hours
Correct Answer
Wrong Answer
4. How long must the hospitalization period be for an insured individual to be eligible for the lump sum benefit under the Standard Vector Borne Disease Health Policy?
24 hours
48 hours
72 hours
96 hours
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Wrong Answer
5. The ______________ has jurisdiction to entertain complaints, where value of the goods or services and the compensation claimed is up to Rs.20 lakhs.
District Commission
State Commission
Zilla Parishad
National Commission
Correct Answer
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6. What are the circumstances under which the proposer does not need to disclose material facts to the underwriter in the context of an insurance contract?
If the insured does not know the facts or is unaware of them,
If the underwriter does not ask for the facts
If the facts are minor and irrelevant
If the facts pertain to matters of law
Correct Answer
Wrong Answer
7. What are the different forms of communication?
Face-to-face, over the phone, or by mail or internet
Face-to-face only
Over the phone only
By mail or internet only
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8. What conclusions can be derived from the study of mortality and interest?
Higher mortality rate leads to lower premiums
Higher interest rates lead to higher premiums
Higher mortality rates lead to higher premiums
Higher interest rates lead to lower premiums
Correct Answer
Wrong Answer
9. What does the term "defect" mean under the Consumer Protection Act?
Any imperfection in the quality, nature, or manner of performance of a service
Any fault or inadequacy in the quality of goods
Any breach of contract by a person providing a service
Any violation of the law by a person providing goods or services
Correct Answer
Wrong Answer
10. What information is typically included in the policy schedule?
Policyholder's name and contact details
Sum assured
Premium amount and payment frequency
All of the above
