IC38 -English New Syllabus IC38 Mock Test-41
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 are add-ons in relation to the Mediclaim policy?
Additional premiums to extend the policy duration
Additional benefits included in the policy coverage
Additional exclusions applied to the policy
Additional policy terms and conditions
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2. What are the legal aspects of an insurance contract?
The principles that govern insurance contracts in general
The provisions of the Indian Contract Act, 1872
Both a and b
None of the above
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3. What does a group policy cover?
Coverage for individuals within the group
Coverage for specific types of accidents only
Coverage for pre-existing medical conditions
Coverage for international travel only
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4. What does anti-selection refer to in life insurance?
The tendency of people to seek out insurance for personal gain.
The process of declining high-risk insurance proposals.
The tendency of individuals with a high chance of loss to seek insurance .
The practice of offering insurance to individuals with serious ailments.
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5. What forms are typically submitted by the beneficiary for a death claim?
Claim form by nominee, certificate of burial or cremation, treating physician's certificate, hospital's certificate
Claim form by insured, certificate of marriage, treating physician's certificate, employer's certificate
Claim form by policyholder, certificate of baptism, treating physician's certificate, death certificate issued by municipal authorities
Claim form by assignee, certificate of divorce, treating physician's certificate, employer's certificate
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6. What is a grace period in insurance?
A period of time immediately following the premium due date during which a payment can be made to renew or continue a policy in force without loss of continuity benefits
A period of time during which a policy can be cancelled without any penalty
A period of time during which a policy cannot be renewed
None of the above
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7. What is moral hazard in the context of life insurance?
The likelihood of a loss occurring due to external factors
The possibility of individuals seeking to profit from life insurance through harmful actions
The risk of purchasing an expensive life insurance policy
The chance of a client's behavior changing after purchasing life insurance
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8. What is one of the most common extensions found in a group policy?
Dental coverage
Vision coverage
Maternity cover
Pre-existing condition coverage
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9. What is the current status of outpatient expense coverage in India?
Outpatient expenses are fully covered by most insurance plans.
Outpatient expenses are partially covered by some insurance plans.
Outpatient expenses are not covered by any insurance plans.
Outpatient expense coverage varies depending on the policy.
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10. What is the impact of room rent restrictions in health insurance policies?
I. It limits the choice of room category for insured individuals.
II. It determines the maximum amount per day that can be reimbursed for room rent.
III. It is applicable only to policies with a sum insured of one lakh or higher.
IV. It allows insured individuals to choose any room category without any restrictions.
