IC38 -English New Syllabus IC38 Mock Test-42
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. Which of the following statements about a warranty is correct?
A warranty is an implied condition in the policy.
A warranty is not part of the policy document.
A warranty is always communicated separately from the policy document.
Claims will be payable even if a warranty is breached.
Correct Answer
Wrong Answer
2. Which of the following statements is True regarding free health checks in individual health policies?
I. Free health check-ups are available in all individual health policies.
II. Free health check-ups are provided as an incentive to claim-free policyholders.
III. Free health check-ups are offered after a specific number of continuous, claim-free policy periods.
IV. Free health check-ups are reimbursed by the insurance company.
Correct Answer
Wrong Answer
3. Who is primarily responsible for gathering information and assessing the suitability of an applicant for insurance coverage at the field level?
Underwriting department
Agent or company representative
Fraud monitoring team
Proposal form processing team
Correct Answer
Wrong Answer
4. Why may a basic health insurance policy not be sufficient for covering all medical costs related to critical illnesses?
Basic health insurance policies do not cover any critical illnesses
Basic health insurance policies have low coverage limits for major diseases
Basic health insurance policies exclude coverage for post-treatment expenses
Basic health insurance policies do not offer any financial assistance for critical illnesses
Correct Answer
Wrong Answer
5. How are the components of the risk assessed in the numerical rating method?
By assigning a percentage to each component
By evaluating the risks subjectively
By using predetermined criteria and assigning numerical scores
By comparing the risk components with industry averages
Correct Answer
Wrong Answer
6. How does the rate of return impact wealth accumulation over time?
a. Higher rates of return may be typically accompanied with lower levels of risk.
b. The rate of return does not have any impact on wealth accumulation over time.
c. The higher the rate of return, the faster one's wealth from investments would grow over time.
d. The rate of return has an inverse relationship with wealth accumulation over time.
Correct Answer
Wrong Answer
7. If the insurer needs to investigate a claim, when should the investigation be completed according to the IRDAI regulations?
Within 15 days of the claim intimation
Within 30 days of the claim intimation
Within 60 days of the claim intimation
Within 90 days of the claim intimation, but not later than 90 days from the date of receipt of claim intimation
Correct Answer
Wrong Answer
8. What are lifestyle factors that can influence an individual's health?
Environmental conditions and pollution
Genetic predisposition to diseases
Exercising, eating well, and managing stress
Access to healthcare facilities and services
Correct Answer
Wrong Answer
9. What does body language refer to?
Only movements
Only facial expressions
Gestures and facial expressions
Talking and walking
Correct Answer
Wrong Answer
10. What happens if a claim is made during the waiting period?
The claim is denied by the insurer
The insured receives full coverage for the claim
The waiting period is extended for an additional period
The insured is required to pay a higher premium for future coverage
