IC38 -English New Syllabus IC38 Mock Test-20
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 role of an insurance agent in determining the suitability of a product for a prospect?
They should try to sell the product to the prospect regardless of their needs.
They should make sure the product is suitable for the prospect.
They should take into account the prospect's risk profile and decide whether the product is suitable for them.
They should only sell products that are pre-approved by IRDAI.
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2. What is Utmost Good Faith or "Uberrima fides"?
It is a principle that applies to all commercial contracts
It means "Buyer Beware".
It is a legal duty to disclose all material information in insurance contracts.
It is a rule that allows one party to mislead the other.
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3. What types of benefits are included in the definition of health insurance business?
Only patient hospital expense benefits
Only patient medical and surgical benefits
Sickness benefits and travel cover
Only personal accident cover
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4. When was the Life insurance business nationalized in India?
1938
1956
1972
1999
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5. Which of the following expenses are covered under "Other Expenses" related to the treatment of COVID?
Diagnostic tests are undergone at home or at a diagnostics center.
Medicines prescribed verbally.
Consultation charges of a non-medical practitioner.
Nursing charges for non-medical staff.
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6. Which scheme was launched by the Government of India to achieve Universal Health Coverage?
Rashtriya Swasthya Bima Yojana (RSBY)
Ayushman Bharat Scheme
Pradhan Mantri Jan Arogya Yojana (PMJAY)
National Health Policy 2017
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7. Who should take ownership of the client's problems in a company?
The customer service department
The marketing department
The finance department
An insurance agent
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8. At what age does the coverage for babies typically begin in a group policy?
From day one
After 30 days
After 6 months
After 1 year
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9. How is mortality calculated in the context of life insurance premiums?
Using Mortality Tables
By calculating the average age of policyholders
By considering the number of claims filed
By estimating the life expectancy of individuals
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10. In the case of a health insurance proposal, what additional step may the insurer take for prospective customers above 45 years of age?
Conduct a background check on the prospective customer
Require the prospective customer to submit a character reference
Refer the prospective customer to a doctor and/or medical check-up
Ask the prospective customer to provide a DNA sample
