IC38 -English New Syllabus IC38 Mock Test-29
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 insurance scenarios does not require a debate on the need for insurance?
Property insurance
Business liability insurance
Motor insurance for third-party liability
Fire insurance
Correct Answer
Wrong Answer
2. Who typically offers Critical Illness (CI) benefits in India?
Health insurers
General insurers
Life insurers
Government agencies
Correct Answer
Wrong Answer
3. At what age does the entry age for these plans typically start?
40 years
50 years
60 years
70 years
Correct Answer
Wrong Answer
4. How do insurers distribute their divisible surplus?
By reinvesting it in the company's assets
by declaring and distributing it among policyholders and shareholders
By reducing premiums for all policyholders
By donating it to charitable organizations
Correct Answer
Wrong Answer
5. How is the daily cash benefit determined in relation to the treatment or procedure in the policy?
It is a fixed amount for all treatments and procedures
The premium varies based on the insured person's income level
A detailed list specifies the duration of stay and daily cash benefit for each treatment/illness
The insured person can choose the daily cash benefit amount
Correct Answer
Wrong Answer
6. In what situation does term insurance have relevance as purely temporary protection?
As an additional supplement to a savings plan.
It is part of a "buy term and invest the rest" philosophy.
Where the need for insurance protection is purely temporary, as in the case of mortgage redemption
When the need for insurance protection is permanent
Correct Answer
Wrong Answer
7. What are some examples of notes that may be included in a proposal form?
Non-disclosure of facts material to the assessment of the risk, providing misleading information, fraud, or non-cooperation by the insured will nullify the cover under the policy issued.
The Company will not be at risk until the proposal has been accepted by the company and full premium has been paid.
Both A and B
Neither A nor B.
Correct Answer
Wrong Answer
8. 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
9. What does the element of guarantee in a life insurance contract imply?
Life insurance is unregulated
Life insurance is subject to lenient regulation
Life insurance is subject to stringent regulation and strict supervision
Life insurance is guaranteed to provide high returns
Correct Answer
Wrong Answer
10. What happens to the sum insured under a fire policy after a claim is paid?
It has increased
It remains the same
It is reduced by the amount of claim paid
It is cancelled
