English IC38 Mock Test - Set-1
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English IC-38 Mock Test Series
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Question 1 of 50
1. Question
1 pointsWhich among the following is the regulator for the insurance industry in India?
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Question 2 of 50
2. Question
1 pointsWhich among the following is a secondary burden of risk?
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Question 3 of 50
3. Question
1 pointsRendering after sales service to the customer
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Question 4 of 50
4. Question
1 points`Customer Lifetime Value’ in insurance business means?
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Question 5 of 50
5. Question
1 pointsIGMS stands for_______________________________________.
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Question 6 of 50
6. Question
1 pointsNational Commission entertains complaints of the goods or services and compensation, if any claimed exceeds
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Question 7 of 50
7. Question
1 pointsAfter cessation of appointment the records should be maintained by the insurer for how many years?
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Question 8 of 50
8. Question
1 pointsWhen did the appointment of Insurance Agent Regulations came into force?
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Question 9 of 50
9. Question
1 pointsWhich element of a valid contract deals with premium?
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Question 10 of 50
10. Question
1 points_______________involves pressure applied through criminal means?
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Question 11 of 50
11. Question
1 pointsWho devised the concept of HLV?
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Question 12 of 50
12. Question
1 pointsA human being’s value is measured by
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Question 13 of 50
13. Question
1 pointsWhich among the following is best treated as Long Term Goal.
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Question 14 of 50
14. Question
1 pointsWhich among the following Products would you recommend for Contingency Need?
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Question 15 of 50
15. Question
1 pointsLife insurance products are __________ products?
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Question 16 of 50
16. Question
1 pointsWhich of the following is not a variant of term assurance plan?
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Question 17 of 50
17. Question
1 pointsWhat does inter-temporal allocation of resources refer to?
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Question 18 of 50
18. Question
1 pointsWhich among the following is a limitation of traditional life insurance products?
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Question 19 of 50
19. Question
1 pointsWhat is the objective behind Mortgage Redemption Insurance?
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Question 20 of 50
20. Question
1 pointsThe sum assured under keyman insurance policy is generally linked to which of the following?
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Question 21 of 50
21. Question
1 pointsWhat does the term “premium” denote in relation to an insurance policy?
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Question 22 of 50
22. Question
1 pointsWhich of the below is not a factor in determining life insurance premium?
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Question 23 of 50
23. Question
1 pointsDuring the ____________ period, if the policyholder has bought a policy and does not want it, he / she can return it and get a refund.
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Question 24 of 50
24. Question
1 pointsWhich of the below is an example of standard age proof?
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Question 25 of 50
25. Question
1 pointsWhich of the following documents is an evidence of the contract between insurer and insured?
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Question 26 of 50
26. Question
1 pointsIf the complex language is used to word a certain policy document and is has given rise to ambiguity, how will it generally be construed?
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Question 27 of 50
27. Question
1 pointsUnder what circumstances would the policyholder need to appoint an appointee?
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Question 28 of 50
28. Question
1 pointsWhich of the below statement is false with regards to nomination?
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Question 29 of 50
29. Question
1 pointsWhich of the following denotes the underwriter’s role in an insurance company?
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Question 30 of 50
30. Question
1 pointsWhich of the following is not an underwriting decision?
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Question 31 of 50
31. Question
1 pointsA payment made under a money policy upon reaching a milestone will be classified under which type of claim?
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Question 32 of 50
32. Question
1 pointsGenerally insurance companies do not hold the premium in case of a fraud or misrepresentation. However, due to which of the following circumstances the insurer can retain the premium of the policyholder.
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Question 33 of 50
33. Question
1 pointsThe term TPA refers to ________. (Answer with regards to health insurance)
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Question 34 of 50
34. Question
1 pointsWhat is the government contribution to ESIC Scheme ?
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Question 35 of 50
35. Question
1 points__________ is the consideration or amount paid by the insured to the insurer for insuring the subject matter of insurance, under a contract of insurance.
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Question 36 of 50
36. Question
1 pointsWhat does Section 64 VB of Insurance Act, 1938 say about Premium Payment?
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Question 37 of 50
37. Question
1 pointsThough the duration of cover for pre-hospitalization expenses would vary from insurer to insurer and is defined in the policy, the most common cover is for ________ pre-hospitalization.
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Question 38 of 50
38. Question
1 pointsIdentify which of the below statement is correct?
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Question 39 of 50
39. Question
1 pointsWhich of the following medical factors do not influence an underwriter’s decision
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Question 40 of 50
40. Question
1 pointsCardio vascular disease refers to the disease which affect
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Question 41 of 50
41. Question
1 pointsWho among the following is not a stakeholder in insurance claim process?
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Question 42 of 50
42. Question
1 pointsWhich of the following document is maintained at the hospital detailing all treatment to an in-patient?
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Question 43 of 50
43. Question
1 pointsShikha is 30 yr old professional. She is categorised under preferred
risk. Which statement can imply?Correct
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Question 44 of 50
44. Question
1 pointsWhat is the objective of TPA.
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Question 45 of 50
45. Question
1 pointsWhich is incorrect statement out of the following ones?
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Question 46 of 50
46. Question
1 pointsAt what stage in one’s life savings will make an impact on him?
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Question 47 of 50
47. Question
1 pointsWhich policy is suited to clear off a client’s liability for mortgage loan?
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Question 48 of 50
48. Question
1 pointsA contract comes into existence when………
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Question 49 of 50
49. Question
1 pointsZainab takes insurance in the life of Jasmeet. Zainab will be called as
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Question 50 of 50
50. Question
1 pointsTo be a valid contract ,the declaration is necessary in which document.
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