IC38 -English New Syllabus IC38 Mock Test-27
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 reimbursement percentage for pre-policy check-up expenses?
0.1
0.25
0.5
1
Correct Answer
Wrong Answer
2. What is the survival benefit component of an Endowment Assurance policy?
Payment to the insured's nominees
Payment to the government
Payment to the insurance company
Payment to the insured
Correct Answer
Wrong Answer
3. What role does the claims experience of the group play in premium calculation?
It determines the coverage limits for each member
It affects the waiting periods for certain conditions
It influences the premium amount based on the group's past claims history
It has no impact on the premium calculation
Correct Answer
Wrong Answer
4. 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
5. When does a Terminal Bonus attach to a life insurance contract?
At the time of policy purchase
At the time of premium payment
Only at the time of policy termination (by death or maturity)
At the time of policy surrender
Correct Answer
Wrong Answer
6. When does the policy terminate?
After a certain number of years
Once the insured person reaches a certain age,
Once compensation is paid to any insured person,
At the end of the policy term
Correct Answer
Wrong Answer
7. Which factors are considered in medical underwriting?
Age and large sum assured
Moral hazard and hereditability
Family and personal history
Field level and underwriting department level
Correct Answer
Wrong Answer
8. Which of the following losses are customarily paid by business under fire insurance policies?
Damage to property caused by water used to extinguish fire
Damage to property caused by fire brigades in the execution of their duty
Damage to property during its removal from a burning building to a safe place
All of the above
Correct Answer
Wrong Answer
9. 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.
Hazardous nature of cargo being sent by a ship, past history of illness, past history burglary of a house.
Correct Answer
Wrong Answer
10. Who deals with requests for information under the RTI Act?
Chief Public Information Officer (CPIO)
Insurance Regulatory & Development Authority
Public authorities
The IRDAI
