IC38 -English New Syllabus IC38 Mock Test-38
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 primary KYC for the bank account in PMSBY?
PAN card
Voter ID card
Aadhaar
Driving license
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2. What is the purpose of maintaining a minimum solvency ratio in insurance?
To assess the extent to which assets are available to cover the insurer's commitments towards future payments.
To ensure that there is equity among all those being insured.
To maintain a surplus of money to meet unforeseen deviations between expected and actual claims situations
To compensate those who suffer loss.
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3. What is the role of an Insurance Ombudsman in resolving disputes related to personal lines of business?
To provide legal representation to the insured;
To provide an alternative dispute resolution mechanism for the insured
Submit disputes to arbitration;
to decide on the quantum of the claim.
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4. What kind of details are asked for in the Proposal form?
Only the contact details and name ( )
Details of what the proposer wants to insure and the duration ( )
Details of the proposer's identity, monetary value proposed, and material facts ( )
Only educational qualifications and bank details ( )
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5. What types of expenses does a supplementary cover typically compensate for?
Hospitalization expenses
Outpatient treatment expenses
Incidental expenses and exclusions
Prescription medication expenses
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6. When were the Guidelines on standardization in health insurance issued by IRDA?
2010
2014
2016
2020
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7. Which regulatory body governs micro-insurance in India?
RBI (Reserve Bank of India)
SEBI (Securities and Exchange Board of India)
IRDAI (Insurance Regulatory and Development Authority of India)
PFRDA (Pension Fund Regulatory and Development Authority)
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8. Who provides secondary healthcare services?
Primary healthcare providers
Medical specialists and other health professionals
Government healthcare centers only
Non-profit organizations and charitable clinics
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9. Are relevant laboratory/diagnostic tests covered under the policy?
Yes, they are covered
No, they are not covered
Only if they are related to surgery
Only if they are conducted in the ICU
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10. How do environmental factors contribute to the spread of diseases?
How do environmental factors contribute to the spread of diseases?
Through lifestyle choices and behaviors
By promoting bad hygiene and environmental sanitation
By affecting the geographical location and race of individuals
