IC38 -English New Syllabus IC38 Mock Test-2
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. Which of the following documents is involved at the proposal stage of insurance?
Claim form
Renewal notice
Endorsement form
Proposal form
Correct Answer
Wrong Answer
2. Which risk group does a builder belong to?
Risk group I
Risk group II
Risk group III
Risk group IV
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3. Who scrutinizes the form completed by the consulting physician?
The insured person's employer
The company's panel doctor
The insured person's family physician
The insurance agent
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4. Are the consultation charges of the medical practitioner covered under "Other Expenses" related to the treatment of COVID?
Yes, they are fully covered.
Yes, but only partially covered.
No, they are not covered.
It depends on the policy terms and conditions
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5. How do hospitals typically verify the validity of a policy and coverage during hospitalization?
Contact the insured individual directly for policy verification.
Check the validity of the policy with the insurance company's claims department
Contact the assistance companies/ insurers on the provided call centre numbers
Verify the policy and coverage through an online portal
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6. How is the coverage for babies usually restricted in relation to the maternity cover?
It is not covered under the maternity cover
It is limited to a specific duration after childbirth
It is restricted to a certain monetary limit within the maternity cover
It is provided as a separate coverage with its own sum insured
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7. In the judgment method of underwriting, what may underwriters seek in complex cases?
Extra mortality rating (EMR)
Expert opinion of a medical doctor or medical referee
Approval from the underwriting department
Historical data of similar cases
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8. What are some examples of frauds committed in health insurance?
Impersonation, the person insured is different from the person treated
Fabrication of documents to make a claim where there is no hospitalization.
Inflation of expenses, either with the help of the hospital or by addition of external bills fraudulently created
Outpatient treatment converted to in-patient/hospitalization to cover the cost of diagnosis.
All of the above
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9. What does the accumulation phase of retirement planning involve?
Withdrawing funds from investment accounts
Setting aside money for investment purposes
Maximize the principal during the individual's working years
Converting the corpus or principal into annuity payments
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10. What happens to individuals who are categorized as declined lives in risk classification?
They are charged a higher premium
They are subjected to certain restrictions
They cannot be provided insurance coverage at an affordable cost
They have temporarily declined due to recent medical events
