IC38 -English New Syllabus IC38 Mock Test-10
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. When it comes to indemnity plans, expenses falling within a specified period of ________ may be covered.
10/20 days
30/60 days
60/90 days
90/120 days
Correct Answer
Wrong Answer
2. Which of the following activities is not categorized under professional settlement of claims?
Seeking information relating to the cause of the loss;
Approaching the claim with a prejudice
Ascertaining whether the loss was a result of an insured peril;
Quantifying the amount payable under the claim
Correct Answer
Wrong Answer
3. Which of the following statements about medical underwriting is incorrect?
I. It involves high costs in collecting and assessing medical reports.
II. Current health status and age are the key factors in medical underwriting for health insurance
III. Proposers must undergo medical and pathological investigations to assess their health risk profile
IV. Percentage assessment is made on each component of the risk
Correct Answer
Wrong Answer
4. Which of the following treatment methods are typically associated with hospitalization?
Unani and Ayurveda
Siddha and Naturopathy
Homeopathy and Naturopathy
Allopathy and Ayurveda
Correct Answer
Wrong Answer
5. Who is required to undergo rigorous medical examinations?
Policyholders under 45 years of age
Policyholders over 45 years of age
Policyholders under 30 years of age
All policyholders
Correct Answer
Wrong Answer
6. Why were the definitions of critical illnesses standardized under IRDA Health Insurance Standardization guidelines?
To limit the coverage for critical illnesses
Confusing policyholders with complex definitions
To ensure consistency and eliminate confusion across insurers
To exclude certain critical illnesses from coverage
Correct Answer
Wrong Answer
7. According to Indian laws, can insurance protection be sold on credit basis in India?
Yes
No
Only in certain categories of insurance
None of the above
Correct Answer
Wrong Answer
8. How are the operating expenses loaded to the net premium?
These are subtracted from the net premium
They are added to the net premium
They are divided by the net premium
Correct Answer
Wrong Answer
9. How does the terminal bonus amount vary?
It remains the same regardless of the contract duration
It decreases with the duration of the contract
It increases with the duration of the contract
It depends on the sum assured of the policy
Correct Answer
Wrong Answer
10. If the policyholder has bought a policy and does not want it, he/ she can return it during the _________ period, and get a refund.
Free evaluation
Free-look
Cancellation
Free trial
