IC38 -English New Syllabus IC38 Mock Test-25
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 are the three types of healthcare based on the level of medical attention required?
Primary, secondary and tertiary healthcare
Traditional, alternative, and modern healthcare
Public, private, and community healthcare
Urban, rural, and remote healthcare
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2. What does the declaration and consent involve regarding medical information?
Allowing the company to seek information from any doctor or hospital
Granting permission to the company to contact past or present employers
Permitting the company to request information from other insurance companies
All of the above
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3. What happens to the nomination when a life insurance policy is assigned?
The nomination remains in effect regardless of the assignment.
The nomination is canceled, except when the assignment is made to the insurance company for a policy loan.
The assignee becomes the new nominee.
The policy becomes void, and a new nomination must be made.
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4. What is an offer in a contract?
When a person signifies his/her willingness to do something
When a person accepts a proposal,
When a person pays the deposit amount
None of the above
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5. What is the "burden of risk" in the insurance industry?
The potential for loss or damage
The cost of transferring risk
The responsibility of managing risk
The financial impact of a risk event
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6. What is the jurisdiction of the State Consumer Disputes Redressal Commission with respect to the value of goods or services and compensation claimed?
Exceeds Rs. 1 crore but does not exceed 10 crores
Does not exceed Rs. 1 crore
Exceeds Rs. 10 crores
Exceeds Rs. 50 lakhs
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7. What is the principle of insurance concerned with how the loss or damage actually occurred and whether it is indeed as a result of an insured peril?
Uberrima fides
Insurable Interest
Proximate Cause
Subrogation
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8. What is the purpose of obtaining a receipt for payment in the health insurance claim process?
To verify the customer's eligibility for insurance coverage.
To provide proof of hospitalization.
To calculate the reimbursement amount.
To ensure that the payment corresponds to the total bill .
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9. What is the role of governments in healthcare?
Governments have no involvement in creating healthcare systems
Governments play a minor role in healthcare regulation
Governments play a major role in establishing suitable healthcare systems
Governments focus solely on economic aspects and neglect healthcare
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10. What may be required to settle a claim in case of loss of the policy document?
The policyholder must provide a detailed explanation of how the policy was lost.
The policyholder must file a lawsuit against the insurance company.
Satisfactory proof that the policy has been lost and not dealt with in any manner .
The policyholder must provide evidence of the policy's current market value.
