IC38 -English New Syllabus IC38 Mock Test-4
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 job roles is most likely to be associated with accidental hazards?
Office administrator
Circus artiste
Accountant
Teacher
Correct Answer
Wrong Answer
2. Who can enter into an insurance contract according to the paragraph?
Only minors
Only adults who are not of sound mind
Only individuals who are disqualified under law
Both parties must be legally competent
Correct Answer
Wrong Answer
3. Why is insurance needed?
Increasing the primary burden of risk
Increasing the secondary burden of risk
Reducing the primary and secondary burden of risk
Transferring the risk from insurer to insured
Correct Answer
Wrong Answer
4. How are death claims distributed among multiple nominees?
Each nominee receives an equal share of the claim amount.
The claim amount is paid to the nominee who reaches majority age first
The claim amount is payable to the nominees jointly, or to the survivor(s)
The claim amount is divided among the nominees based on their relationship to the life assured.
Correct Answer
Wrong Answer
5. How are pre-existing diseases defined?
Diseases that occur after the commencement of the policy.
Diseases that occur within 48 months after the commencement of the policy.
Diseases that occur within 48 months prior to the commencement of the policy
Diseases that occur before a person is covered for insurance.
Correct Answer
Wrong Answer
6. How does level premium work in life insurance?
Premiums increase with age to cover death claims of those dying at higher ages
Premiums decrease with age to cover the death claims of those dying when young.
Premiums are fixed and do not increase with age but remain constant throughout the contract period
Premiums are not required in life insurance contracts.
Correct Answer
Wrong Answer
7. How does the health of a population impact a country's social and economic progress?
There is no correlation between the health of a population and a country's progress
Healthier individuals contribute to a stronger economy
Poor health leads to social inequality and economic decline
A country's social and economic progress depends on the health of its people
Correct Answer
Wrong Answer
8. How many qualified practitioners in other systems of Medicine are there in India?
Over 1 lakh practitioners
Over 5 lakh practitioners
Over 7 lakh practitioners
Over 10 lakh practitioners
Correct Answer
Wrong Answer
9. Under what circumstances may an inquiry be made regarding a life insurance proposal?
When the proposed insured lives in a different city than the branch location
When the proposed insured prefers a medical examination at a distant location
When there is no clear insurable interest or the nominee is not a dependent
When the agent is a close relative of the proposed insured
Correct Answer
Wrong Answer
10. What action may a life insurance company take to guard against moral hazard?
Requiring policyholders to disclose their past medical history
Conducting background checks on policyholders' financial records
Requesting the submission of a Moral Hazard Report by an official of the insurance company
Offering additional coverage for risky activities like skiing expeditions
