IC38 -English New Syllabus IC38 Mock Test-5
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. How does the hospital daily cash policy overcome medical inflation?
It provides coverage for all medical procedures and treatments
It offers higher sum insured limits to cover rising medical costs
It pays a fixed sum per day for the duration of hospitalization
It provides coverage for outpatient expenses as well
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2. How does the per day cash coverage amount vary in the hospital daily cash policy?
The premium remains the same for all policyholders
It is based on the insured person's income level
It varies depending on the duration of hospitalization
It could range from Rs. 1,500 to Rs. 5,000 or more per day
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3. How should the transfer of title be documented in an assignment?
It should be mentioned in the policy application form
This should be communicated verbally to the insurer.
It should be specifically set forth in the form of an endorsement on the policy or a separate instrument
It should be registered with the insurance regulatory authority
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4. What additional tests may be required by life insurers to assess the health of the proposed insured?
Blood pressure measurement and cholesterol screening
MRI and CT scans
ECG, EEG, X-Ray of the chest, and Blood Sugar test
Urine analysis and liver function tests
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5. What are consumer disputes redressal agencies?
Agencies that handle disputes related to consumer goods only
Agencies that handle disputes related to insurance only
Agencies established at each district, state and national level to handle consumer disputes
None of the above
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6. What are the main categories of consumer disputes with the three commissions relating to insurance business?
Amount or Quantum of loss
Non-settlement of claims
Repudiation of claims
All of the above
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7. What does a Personal Accident (PA) Cover provide compensation for?
Illness and hospitalization expenses
Death and disability due to unforeseen accidents
Loss of personal belongings
Legal expenses and liabilities
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8. What factors can influence the variation in compensation for critical illnesses?
Age of the policyholder
Severity of the illness
Policy terms and conditions
All of the above
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9. What gives insurance contracts their power and uniqueness?
Spread your funds out among various assets
Combining the funds of various individuals
Risk avoidance
The Principle of Mutuality
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10. What is a grace period in insurance?
The period of time following the premium due date during which a payment can be made to renew or continue a policy without loss of continuity benefits.
The period of time during which an insurer can assume risk
The length of time after which a policy cannot be renewed
The period of time during which claims will not be considered
