IC38 -English New Syllabus IC38 Mock Test-43
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 some examples of factors that can impact the risk in personal lines insurance?
The proposer's favorite hobbies
The proposer's astrological sign
The proposer's genetic makeup
The nature of the proposer's occupation or profession
Correct Answer
Wrong Answer
2. What are the tips for making a great first impression?
Arrive late and make excuses
Dress casually
Be closed and negative
Arrive early, present yourself appropriately, smile, be open and positive, show interest in the other person
Correct Answer
Wrong Answer
3. What happens once a complaint is received by the Ombudsman?
The Ombudsman immediately passes an award to the insured.
The Ombudsman sends a copy of the complaint to the insurer only.
The Ombudsman makes his recommendations within one month to both the complainant and the insurer.
The Ombudsman settles the dispute through intermediation.
Correct Answer
Wrong Answer
4. What is an important lifestyle characteristic that may be considered an exposure to risk?
Reading habits
Exercise routine
Smoking and tobacco use
Social media usage
Correct Answer
Wrong Answer
5. What is solicitation in the context of insurance?
A ready-made product like a packet of biscuits or a bar of chocolate
Something that can be purchased without professional advice
A process of approaching a prospect to understand their insurance needs and providing professional advice
A process of selecting appropriate insurance products without discussing needs
Correct Answer
Wrong Answer
6. What is the difference between customers and clients in the insurance industry?
Customers buy a product, while clients are people with whom an agent relates for life
Customers are always looking for the cheapest insurance, while clients are more concerned with quality
Customers are not important, while clients are very important
Customers always renew their policies, while clients do not
Correct Answer
Wrong Answer
7. What is the law of large numbers?
As the sample size grows, the results come closer to the expected value
The larger the premium, the more coverage an individual has
The larger the risk, the higher the premium
None of the above
Correct Answer
Wrong Answer
8. What is the principle of personal effectiveness related to listening skills?
First try to understand before being understood
Don't waste your time on things that don't matter
Always have the last word in a conversation
Never acknowledge the other person's feelings
Correct Answer
Wrong Answer
9. What is the purpose of offering this policy to corporates?
To provide coverage to a large group of individuals
To reduce the premium costs for employees
To attract and retain talented employees
To comply with regulatory requirements
Correct Answer
Wrong Answer
10. What is the role of insurance in managing risk?
It is a tool for transferring risk
It is a risk management technique
It helps to minimize risk
It is not related to risk management
