IC38 -English New Syllabus IC38 Mock Test-34
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 expenses are covered under the Hospitalization Expenses for Covid-19 treatment?
Room, Board, and Nursing Expenses
Surgeon, Anaesthetist, Medical Practitioner Fees
Diagnostic imaging modalities expenses
Outpatient consultation fees
Correct Answer
Wrong Answer
2. Who provides secondary healthcare services?
Primary healthcare providers
Medical specialists and other health professionals
Government healthcare centers only
Non-profit organizations and charitable clinics
Correct Answer
Wrong Answer
3. Are personal accident (PA) policies subject to the principle of 'contribution' at the time of claim?
Yes, only one policy will pay the claim while others will not contribute
Yes, all policies will contribute a portion of the claim amount
No, PA policies are not subject to the principle of 'contribution.'
No, only one policy will pay the claim while others will be void
Correct Answer
Wrong Answer
4. How do environmental factors contribute to the spread of diseases?
Through genetic inheritance from parents
Through lifestyle choices and behaviors
By promoting bad hygiene and environmental sanitation
By affecting the geographical location and race of individuals
Correct Answer
Wrong Answer
5. How is the benefit of Keyman insurance linked to the company?
The sum assured is linked to the key person's income
The sum assured is linked to the company’s profitability
The sum assured is linked to the company’s turnover
The sum assured is linked to the company’s share price.
Correct Answer
Wrong Answer
6. In the case of health insurance floater policies, who is allowed to have the pure term life insurance coverage?
Any member of the family
The primary policyholder
The oldest member of the family
One of the earning members of the family who is also the proposer on the health insurance policy
Correct Answer
Wrong Answer
7. What are some examples of alterations that may be made to the policy?
Change in the policyholder's age.
Request for grant of double accident benefit.
Request for a permanent disability benefit.
All of the above .
Correct Answer
Wrong Answer
8. What are the three types of risk events or situations based on the extent of damage likely to be suffered?
Catastrophic, Marginal/Insignificant, Moderate
Marginal/Insignificant, Minor, Catastrophic
Critical, Catastrophic, Marginal/Insignificant
Significant, Marginal/Insignificant, Minor
Correct Answer
Wrong Answer
9. What does the distribution phase of retirement planning involve?
Setting aside money for investment purposes
Converting the corpus or principal into withdrawals/annuity payments to meet income needs after retirement
Withdrawing funds from investment accounts
Maximize the principal during the individual's working years
Correct Answer
Wrong Answer
10. What happens to the renewal premium if the claims experience is favorable?
It remains unchanged, regardless of the claims experience
The premium is subject to a loading of the premium due to favorable claims experience
It is reduced with a discount as a reward for favorable claims experience (bonus)
It is increased with a penalty due to favorable claims experience (malus)
