IC38 -English New Syllabus IC38 Mock Test-36
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. Who can benefit from Overseas Travel insurance?
Only individuals traveling for business purposes
Only individuals traveling for leisure or holidays
Individuals traveling for business, holidays, or studies
Only individuals traveling to specific countries
Correct Answer
Wrong Answer
2. Why is health insurance considered important for individuals?
To provide financial assistance for non-medical expenses
To cover expenses incurred during wellness programs
To preserve an individual's savings in case of illness
Offering coverage for cosmetic procedures
Correct Answer
Wrong Answer
3. Why is it important for the proposer to inform the insurer about previous insurances?
How to compare premium rates between insurers
To understand the proposer's insurance history
Determine the proposer's credit score
To assess the proposer's financial stability
Correct Answer
Wrong Answer
4. How are micro-insurance products characterized?
High-value product with a high premium
Low-value product with an affordable premium
Comprehensive coverage with a variable premium
Limited coverage with a high premium
Correct Answer
Wrong Answer
5. How does IGMS help IRDAI in monitoring grievance redress in the industry?
By registering all grievances received in the system
By tracking complaints and the time taken for their redressal
By facilitating disposal of grievances of insurance agents
By acting as a central repository of insurance data
Correct Answer
Wrong Answer
6. How does the compensation for critical illnesses vary across insurers and products?
The premium is always a fixed percentage of the sum insured.
Treatment is based on the severity of the illness only.
It is predetermined by the policy terms and conditions.
It is determined by the policyholder's age.
Correct Answer
Wrong Answer
7. How many nominees can a life assured typically nominate?
Only one nominee
Multiple nominees (more than one)
Two nominees at most
No nominees are allowed in life insurance policies
Correct Answer
Wrong Answer
8. Under what conditions will normal rates apply for renewal?
When the claims experience is 100 percent
When the claims experience is below 50 percent
When the claims experience is exactly 70 percent
Normal rates always apply for renewal, regardless of the claims experience
Correct Answer
Wrong Answer
9. What are the different types of financial goals that can be set through financial planning?
i. Short-term goals
ii. Medium-term goals
iii. Long-term goals
iv. All of the above
Correct Answer
Wrong Answer
10. What are the features of an asset according to the paragraph?
Economic value and productivity
Scarcity and ownership
Income generation and serving needs
Both B and C
