IC38 -English New Syllabus IC38 Mock Test-23
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. What is the purpose of weekly compensation in a PA policy?
To cover medical expenses for temporary disablement
To provide financial assistance for rehabilitation services
To compensate for lost income during the disablement period
To reimburse travel expenses related to the accident
Correct Answer
Wrong Answer
2. What is the recommended amount of insurance in general?
2 to 5 times annual income
5 to 10 times annual income
10 to 15 times annual income
15 to 20 times annual income
Correct Answer
Wrong Answer
3. What is the surrender value of a life insurance policy?
The total sum assured under the policy
The value of investments made by the insured
The value of premiums paid by the insured
The value paid to the insured upon surrendering the policy
Correct Answer
Wrong Answer
4. What role does the Agent play in relation to Section 39 of the Act?
The Agent encourages the proposer to avail the facility of nomination
The Agent ensures compliance with the requirements of Section 39
The agent provides financial planning advice to the proposer
The Agent determines the premium amount based on the provisions of Section 39
Correct Answer
Wrong Answer
5. What should an agent do during the proposal stage of insurance?
Providing False Information in the Proposal Form
No clarifying details from the proposer
Help the customer in completing formalities
Ignore the proposer's doubts and concerns
Correct Answer
Wrong Answer
6. When does a nominee lose their status as an appointee?
When the policyholder reaches majority age
When the nominee reaches majority age
When the policy reaches its maturity date
When the nominee reaches majority age, unless a new appointee is designated
Correct Answer
Wrong Answer
7. When does the policy terminate?
After a certain number of years
Once the insured person reaches a certain age
Once compensation is paid for any insured person
At the end of the policy term
Correct Answer
Wrong Answer
8. Which factor(s) contribute to the premium differential in certain zones?
The claims cost in those zones
The population density in those zones
The availability of healthcare facilities in those zones
The age distribution of the population in those zones
Correct Answer
Wrong Answer
9. Which health scheme was launched by the government in association with insurance companies?
Rashtriya Swasthya Bima Yojana (RSBY)
Jan Arogya Bima Policy
Universal Health Scheme
Bima Kavach Yojana
Correct Answer
Wrong Answer
10. Which of the following scenarios do not require disclosure of material facts?
Existence of policies taken from all insurers and their present status.
All questions in the proposal form or application for insurance are considered to be material, as these relate to various aspects of the subject matter of insurance and its exposure to risk. They need to be answered truthfully and in full in all respects.
None of the above.
The hazardous nature of cargo being sent by ship, the past history of illness, and the past history of burglary of the house.
