IC38 -English New Syllabus IC38 Mock Test-11
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 the Integrated Grievance Management System (IGMS)?
A central repository of insurance grievance data
A tool for monitoring grievance redress in the industry
Both A and B
None of the above
Correct Answer
Wrong Answer
2. What is the primary purpose of the Broken Bone policy?
To provide coverage for all types of injuries
To compensate for loss of daily activities
To offer financial protection against listed fractures
To provide long-term disability benefits
Correct Answer
Wrong Answer
3. What is the purpose of medical underwriting in health insurance business?
To determine the eligibility of the insurance agent
To assess the financial status of the policyholder
To evaluate the health risks of the insured
To calculate the premium amount for the policy
Correct Answer
Wrong Answer
4. What is universal life insurance characterized by?
Guaranteed investment returns
Flexible premiums, flexible face amount and death benefit amounts, and the unbundling of pricing factors
Direct and immediate cashing in on the benefits of a life insurer's investment performance
The replacement of traditional plans in many markets
Correct Answer
Wrong Answer
5. What type of report may be requested if the agent is related to the life assured?
Medical examination report
Financial Status Report
Moral hazard report
Occupational hazard report
Correct Answer
Wrong Answer
6. When was the first standardized health insurance product, Mediclaim, launched in the Indian market?
1947
1954
1986
2001
Correct Answer
Wrong Answer
7. Which of the following documents is maintained at the hospital detailing all treatment done to an in-patient?
I. Investigation report
II. Discharge summary
III. Case paper
IV. Hospital registration certificate
Correct Answer
Wrong Answer
8. Which scenario reflects higher risk exposure in terms of occupation?
An office manager
A civil engineer working at a construction site
A retail store cashier
A computer programmer working remotely
Correct Answer
Wrong Answer
9. Who sets the method of arriving at the cash and surrender values in traditional life insurance policies?
The policyholder
The government
The life insurer
The insurance agent
Correct Answer
Wrong Answer
10. Are Universal Life and Variable Life policies allowed in India?
Yes, they are still available
No, they are not allowed since 2019
Yes, but only Variable Life policies are allowed
Yes, but only Universal Life policies are allowed
