IC38 -English New Syllabus IC38 Mock Test-18
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. How are pre-post hospital expenses calculated if they exceed the percentage of hospital claims?
They are excluded from coverage
They are paid separately by the insured
They are subject to deductibles
They are paid up to a sub limit
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2. How does the age profile of the group members affect the premium for a group policy?
It determines the coverage limits for each member
It affects the waiting periods for certain conditions
It influences the premium amount based on age-related risk factors
It has no impact on the premium calculation
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3. How many groups are the risks associated with the insured person classified into?
One group: standard risk
Two groups: high-risk and low-risk
Three groups
It varies depending on the specific insurance company
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4. How many times can the policyholder receive payments under the "diagnosis cover" for each covered vector borne disease in a policy year?
Once
Twice
Three times
Unlimited times
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5. Under what conditions are Home Care Treatment Expenses covered?
The insured person prefers to receive treatment at home.
The treatment duration exceeds 14 days.
The medical practitioner advises the insured person to undergo treatment at home.
The treatment is administered by a family member.
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6. What additional benefit may be included in some of these products?
Reimbursement of travel expenses
Provision of a personal caregiver
Daily cash benefit
Coverage for pre-existing conditions
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7. What are the elements of the insurance process?
Risk and risk avoidance
Assets, risk and risk pooling
Risk control and risk financing
Risk retention and risk transfer
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8. What are the four risk classes used in risk classification?
Standard lives, preferred risks, substandard lives, and declined lives .
Average risks, low risks, high risks, and extreme risks.
Mortality tables, equity, risk classification, and underwriting.
Risk class 1, risk class 2, risk class 3, and risk class 4.
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9. What diseases are specifically mentioned as having an increased occurrence with age?
Infectious diseases
Respiratory diseases
Degenerative diseases such as heart disease and kidney failure
Autoimmune diseases
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10. What expenses does the policy cover?
Outpatient expenses
Inpatient hospitalization expenses
Diagnostic test expenses
Medication expenses
