IC38 -English New Syllabus IC38 Mock Test-35
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 Double Accident Benefit (DAB) offered by a life insurer and what is the extra premium charged for it?
It is a benefit where the sum assured is doubled in case of accidental death and there is no extra premium charged
This is a benefit where the sum assured is doubled in case of accidental death and an extra premium of one rupee per thousand of sum assured is charged
This is a benefit where the sum assured is tripled in case of accidental death and an extra premium of one rupee per thousand of sum assured is charged
This is a benefit where the sum assured is halved in case of accidental death and an extra premium of one rupee per thousand of sum assured is charged
Correct Answer
Wrong Answer
2. What is the aim of the Prevention of Money Laundering Act (PMLA), 2002 in India?
To legalize the transfer of funds obtained through illegal activities
to control money laundering activities and confiscate property derived from money laundering
Encouraging money laundering activities in India
To provide immunity to criminals involved in money laundering activities
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Wrong Answer
3. What is the enrolment period for the coverage under the scheme?
1st January to 31st December
1st April to 31st March
1st June to 31st May
1st September to 31st August
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4. What is the maximum amount covered for road Ambulance expenses per hospitalization?
Rs. 1000
Rs. 1500
Rs. 2000
Rs. 2500
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5. What is the provision of the Joint Life annuity option in "Saral Pension"?
No provision for secondary annuitant
50% annuity to the secondary annuitant upon the death of the primary annuitant
100% annuity to the secondary annuitant on the death of the primary annuitant and no return of the Purchase Price
100% annuity to the secondary annuitant on the death of the primary annuitant and return of the 50% purchase price on the death of the last survivor.
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6. What is the purpose of the claim form in the health insurance claim process?
To provide information on the disease and treatment.
To declare the insured person's eligibility for coverage.
To request reimbursement for medical expenses.
to serve as a formal and legal request for claim processing .
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Wrong Answer
7. What is the secondary burden of risk in insurance?
Losses suffered by households and business units due to pure risk events
The costs and strains one has to bear from the mere fact of being exposed to a loss situation
The physical and mental strain caused by fear and anxiety
The burden of paying compensation to the victim in case of an accident
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8. What purpose do investigation reports serve in the health insurance claim process?
They determine the eligibility of the customer for insurance coverage.
They provide information about the patient's medical history.
They assist in comparing the diagnosis and treatment .
They help in determining the premium amount for the insurance policy.
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Wrong Answer
9. When are profits determined for a firm?
At the beginning of the accounting period
Throughout the accounting period
At the end of the accounting period
In real-time as the business operates
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10. Which commission accepts appeals against the orders of the District Commission?
National Consumer Disputes Redressal Commission
State Consumer Disputes Redressal Commission
District Consumer Disputes Redressal Commission
None of the above
