IC38 -English New Syllabus IC38 Mock Test-24
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 the customer journey?
To only sell insurance policies to the customer
To partner with the customer throughout the duration of the contract
Focus on acquiring new customers rather than serving existing ones
To hand over the customer to the insurance company after the sale is made
Correct Answer
Wrong Answer
2. What is Variable Life policy and how does it work?
A policy with a fixed death benefit and cash value that does not fluctuate
A policy with a flexible death benefit and cash value that does not fluctuate
A policy with a flexible death benefit and cash value that fluctuates based on investment performance of a special account
A policy with fixed death benefit and cash value that fluctuates based on investment performance of a special account
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Wrong Answer
3. What types of complaints do the Insurance Ombudsman Rules apply to?
Only complaints about delay in settlement of claims
Only complaints about partial or total repudiation of claims
Complaints about delays in settlement of claims, misrepresentation of policy terms and conditions, and policy servicing, among others
Only complaints about premiums paid or payable under the terms of an insurance policy
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Wrong Answer
4. When was Universal Life policy introduced in the United States and what was its popularity?
1977, not popular
1979, popular
1981, not popular
1983, popular
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5. Which of the following expenses are covered under "Other Expenses" related to the treatment of COVID?
Diagnostic tests 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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Wrong Answer
6. Which section of the overseas travel insurance policy typically covers accidental death or disability?
Medical and sickness section
Repatriation and evacuation
Personal accident cover
Personal liability
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7. Who typically offers Critical Illness (CI) benefits in India?
Health insurers
General insurers
Life insurers
Government agencies
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8. How can one receive pensions/annuities?
Monthly, quarterly, half-yearly, or annual modes.
Only on an annual basis.
Only on a monthly basis.
Only on a quarterly basis.
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9. How is pricing determined in ULIPs?
The insured decides the amount of premium that he/she can contribute at regular intervals
The insured is not involved in determining the premium amount
The premium amount is determined by the insurance company
The premium amount is fixed and cannot be changed
Correct Answer
Wrong Answer
10. What are some common reasons for disputes related to claims?
Lack of coverage and breach of warranty
Non-disclosure of material facts and loss caused by excluded perils
Lack of adequate sum insured and issues regarding quantum due to underinsurance, depreciation, etc.
All of the above
