IC38 -English New Syllabus IC38 Mock Test-40
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 maximum coverage amount for a family floater policy?
It depends on the age of the oldest member of the family.
It is fixed at Rs. 5 lacs for all families.
The amount is determined based on the number of dependents in the family.
It is equal to the sum insured chosen for each individual member of the family.
Correct Answer
Wrong Answer
2. What is the pure premium in insurance?
The premium paid by the policyholder
The premium that includes all expenses and profits
A premium that is used only to pay for losses
The premium that is collected to cover the cost of administration
Correct Answer
Wrong Answer
3. What is the purpose of the 'contribution' principle in insurance?
To ensure fair distribution of claims among insurers
To discourage individuals from having multiple insurance policies
To limit the total claim amount an individual can receive
To determine the premium amount for each policy
Correct Answer
Wrong Answer
4. What is the secret of reaching the top and staying there in the insurance industry according to leading sales producers?
Offering the lowest premiums
Building a large network of agents
Getting the patronage and support of a large number of existing clients
Developing new products frequently
Correct Answer
Wrong Answer
5. What raises concerns for an underwriter when the amount of insurance is significantly larger than the proposed insured's annual income?
The possibility of insufficient coverage
The likelihood of selecting multiple insurance policies
The potential for selection against the insurer
The need for additional medical examinations
Correct Answer
Wrong Answer
6. When are reversionary bonuses received by policyholders?
At the time of policy purchase
At the time of premium payment
At the time of a claim by death or maturity
At the time of policy surrender
Correct Answer
Wrong Answer
7. Which commission has the jurisdiction to entertain complaints where the value of goods or services exceeds Rs.10 crore?
National Consumer Disputes Redressal Commission
State Consumer Disputes Redressal Commission
District Consumer Disputes Redressal Commission
None of the above
Correct Answer
Wrong Answer
8. Which of the following is NOT a requirement for availing Home Care Treatment Expenses?
Continuous monitoring of health status by a medical practitioner
Records of treatment administered
Completion of 30 days of hospitalization prior to home care treatment
Advice from the Medical practitioner to undergo home care treatment
Correct Answer
Wrong Answer
9. Who are the providers of healthcare services in the private sector?
Only for-profit corporate entities
Only voluntary organizations and individuals
Various entities, including voluntary organizations, corporate entities, trusts, solo practitioners, diagnostic laboratories, and pharmacy shops
Only the unqualified providers (quacks)
Correct Answer
Wrong Answer
10. Why do salesperson's words sometimes fall on deaf ears?
Because they talk too much
Because they don't talk enough
Because their body language doesn't give the assurance of sincerity
Because they are not loud enough
