IC38 -English New Syllabus IC38 Mock Test-15
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 definition of portability of health insurance according to IRDAI?
I. The ability to switch between different types of insurance plans.
II. The transfer of health insurance coverage from one person to another.
III. The transfer of credit for pre-existing conditions and time-bound exclusions.
IV. The ability to maintain multiple health insurance policies simultaneously.
Correct Answer
Wrong Answer
2. What is the insurance industry primarily known for?
Product innovation
Standard of service
Customer satisfaction
Poor image
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3. What is the purpose of informing the customer about the free-look period provision?
To ensure the customer understands the policy terms
To provide an opportunity to pledge continued support and service
To allow the customer to return the policy within a certain period and obtain a refund of the premium
To convince the customer to purchase additional policies
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4. What is the role of an agent in helping customers manage their risks more effectively?
Relating to the customer as a coach and partner
To push the customer to purchase more insurance than they need
Selling insurance policies without giving proper advice
Prioritizing making a sale over helping the customer -
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5. What is underinsurance?
The property is insured for its full value.
The property has not been insured at all.
The property has been insured for a sum lower than its full value, and the insured is entitled to claim a proportionate amount in case of loss.
The property has been insured for a sum higher than its full value.
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6. What type of premium payment is required for the Corporate Frequent Flyer plans?
Monthly premium payment
Quarterly premium payment
Annual premium payment
Premium payment at the time of each trip
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7. Which of the following cannot be an element in a valid insurance contract?
Offer and acceptance
Coercion
Consideration
Legality
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8. Which party has the responsibility to uphold the principle of utmost good faith in underwriting?
The insurer
The insured
Both the insurer and the insured
Medical examiners
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9. Who offers the life insurance cover in the Health plus Life Combo Products?
Non-Life Insurance Company
Standalone Health Insurance Company
Health Insurance Company
Life Insurance Company
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10. Are day-care procedures covered under the policy?
Yes, they are covered
No, they are not covered
Only if they are performed at specialized hospitals
Only if they require hospitalization
