IC38 -English New Syllabus IC38 Mock Test-32
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 a franchise in insurance?
A threshold set below which no claim is admissible
A type of deductible used only for health insurance
A type of insurance policy used for property and motor insurance
A type of policy used for life insurance only
Correct Answer
Wrong Answer
2. What is a material fact in an insurance contract?
A fact that is not important to the insurer.
A fact that affects the insured only.
A fact that enables the insurer to decide whether to accept the risk and at what rate of premium and subject to what terms and conditions.
A fact that the proposer can choose not to disclose.
Correct Answer
Wrong Answer
3. What is one of the conditions considered when evaluating insurance for minors?
Their educational background
Whether they have a properly developed physique
Their social media presence
The number of siblings they have
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Wrong Answer
4. What is the coverage for day care procedures in health insurance?
Coverage for procedures requiring overnight hospital stays
Coverage for minor outpatient procedures
Coverage for long-term treatments
No coverage for day care procedures
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Wrong Answer
5. What is the Human Life Value of Mr. Rajan?
Rs. 1,20,000
Rs. 8,000
Rs. 12,00,000
Rs. 1,44,000
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Wrong Answer
6. What is the importance of age proof in insurance?
To verify the insured's identity
To determine the premium amount
To determine the tenure of the policy
To determine the insured's age and eligibility for the policy
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Wrong Answer
7. What is the objective of underwriting in insurance?
To collect as much premium as possible from policyholders
To offer insurance coverage to as many people as possible
To classify risks so that an appropriate rate of premium may be charged
Denying coverage to high-risk individuals
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Wrong Answer
8. What is the purpose of classifying surgeries as day-care procedures?
To increase the cost of coverage
Providing specialized treatment options
To ensure quicker recovery for patients
To reduce the burden on hospitals
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Wrong Answer
9. What is the purpose of discussing the legal aspects of insurance contracts?
Explain the benefits of purchasing insurance
To highlight the importance of premium payment in advance
To ensure that the contract is legally binding and enforceable
To explain how solicitation works in the insurance industry
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Wrong Answer
10. What is the requirement for the assignment to be valid?
The assignment must be signed by the assignee.
The assignment must be notarized.
The assignment must be signed by the transferor or assignor or duly authorized agent and attested by at least one witness.
The assignment must be recorded in the policy document.
