If you are going to give IRDA Exam to become General Insurance Advisor,You must read a book Named, IC 38 .

There are 3 books of IC 38 ,One is for Life Insurance ,one is for HEALTH Insurance and one is for General Insurance.
Here we are talking about IRDA Exam for General insurance and its IC 38 book. We are proving you Free IC 38 MOCK TEST.

All the above questions are from Original Book .Most of the questions are being asked in Exam.Its Free Mock test for IRDA EXAM for (GENERAL) insurance.
So try to do 100% correct answer here to secure the passing result


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Self Assessment for IRDA IC38 For Gen Insurance

IRDA IC38 For Gen Insurance. Test your self.Try to get 50% score here .All Question are Important.

1 / 50

If the accident results in loss of limb and loss of life, Insurer pays for

2 / 50

Premium calculation depends on various factors like

3 / 50

Principles of Indemnity can be strictly applied in PA Policies.

4 / 50

PA policy does not cover

5 / 50

In the event of .................. a fixed percentage of SI is paid as compensation

6 / 50

PA policy pays value of sum insured for

7 / 50

PA policies cover on 24 hour basis

8 / 50

Personal Accident covers apart from death arising out of accident

9 / 50

Accident results in

10 / 50

Pre-existing conditions / ailments covered after a waiting period of

11 / 50

Who amongst the following can take P.A. Policy:

12 / 50

Which of the following is not covered under P.A. Policy:

13 / 50

Shop insurance covers

14 / 50

Travel insurance covers

15 / 50

Personal accident cover is only

16 / 50

The Grace Period allowed by IRDA to renew the Health Insurance policy is

17 / 50

Which of the following is not the exclusion of Personal Accident Policy

18 / 50

Consequential Loss (Fire Policy) covers:

19 / 50

In Engineering insurance CAR stands for

20 / 50

Which is not a variant of fire policy?

21 / 50

Which is not covered under Fire Insurance?

22 / 50

Employee’s Compensation Policy is a type of

23 / 50

Declarations are made on the number of days of travel employee wise and premium is adjusted against the advance – on

24 / 50

Medical checkup prior to acceptance of the proposal is required for

25 / 50

Beyond the expiry date of policy for renewal ........... grace period is allowed.

26 / 50

Free look period of ........... days are allowed from the date the documents are received by the customer

27 / 50

Health insurance agrees to pay hospitalization expenses to the extent of

28 / 50

Which of the following fund invest in Instruments with Maturity Period of less than 1 yr?

29 / 50

If the policy holder want to shift his Existing Investments from an Equity Fund to a Debt Fund,it is known as ---

30 / 50

As per Insurance regulatory and development authority of India guideline the Lock in period for ULIP is ---- years?

31 / 50

--- is the additional amount that can be paid by an individual to increase his Investment Contribution

32 / 50

KYC norms include which of the below?

33 / 50

In which year was the Financial Intelligence Unit (FIU) set up in Delhi?

34 / 50

Financial Action Task Force (FATF) was set up in ----

35 / 50

Not true regarding TERM life insurance?

36 / 50

Retention is advisable when---

37 / 50

Moral hazard means?

38 / 50

Moral hazard means?

39 / 50

Level premium?

40 / 50

IGMS stands for_______________

41 / 50

. Risk transfer through risk pooling is called ________.

42 / 50

Which among the following scenarios warrants insurance?

43 / 50

The measures to reduce chances of occurrence of risk are known as _____

44 / 50

By transferring risk to insurer, it becomes possible ___________.

45 / 50

_____________ is not a tangible good.

46 / 50

_______________ is not an indicator of service quality.

47 / 50

___________ has jurisdiction to entertain matters where value of goods or services and the compensation
claim is up to 20 laths

48 / 50

National Commission entertains complaints of the goods or services and compensation, if any claimed exceeds------

49 / 50

Basic principles for Underwriting are _

50 / 50

Portability can be opted at the time of___

Your score is

The average score is 49%

0%


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IC 38 (For General Insurance) Mock Test 1

IC 38 (GENERAL)1 Mock Test is for IRDA Exam Preparation for General Insurance In India

1 / 40

Negotiation is a process _

2 / 40

Classification of customers into various market segments, having commonfeatures is known as __

3 / 40

It emphasizes the need to build strong customer relationships that go beyond just the business transaction. It has been considered an important source for getting repeat business and also for cross selling other products to loyal customers who are nurtured through such relationships

4 / 40

Insurance density is:

5 / 40

__________ is not among the P’s of marketing.

6 / 40

The key to successful closing lies in helping the prospect to say ________.

7 / 40

What is the difference between sale and marketing?

8 / 40

What is the four Ps that marketing literature speaks about?

9 / 40

________ is a wrong statement made during negotiation of a contract.

10 / 40

______ is not an example of risk.

11 / 40

______ is not an example of an asset.

12 / 40

________ means spreading one’s investment in different kinds of assets.

13 / 40

Select the most appropriate logical equivalence for the statement. Statement: Insurance cannot protect an asset from loss or damage.

14 / 40

Risk indicates:

15 / 40

Earthquake is an example of ?

16 / 40

Mr. Shyam, who has a factory, with plant, machinery and inventory worth Rs.70 Lakh, wants to insure them with an insurer. The chance that there would be loss or damage to the factory and its contents from fire or other insured perils is 7 out of 1000 [0.007]. What are the options available for Mr. Shyam?

17 / 40

For the purpose of insurance an Asset must have

18 / 40

An example of a fact which need not be disclosed unless asked for is ______________ by the insurer.

19 / 40

____ means transfer of all rights and remedies, with respect to the subject matter of insurance, from insured to insurer?

20 / 40

Moral hazard means?

21 / 40

Meaning of Uberrima Fides?

22 / 40

The principle of contribution implies that if the same property is insured with more than one insurance company then

23 / 40

The measures to reduce chances of risk are known as __

24 / 40

Out of 400 houses, each valued at Rs.20, 000, on an average 4 houses get burnt every year resulting in a combined loss of Rs.80, 000. What should be the annual contribution of each house owner to make good this loss?

25 / 40

Which of the following statement is true?

26 / 40

Before acceptance of a risk, the insurer arranges a survey and inspection of the property. Why?

27 / 40

Which of the following statements is true?

28 / 40

Risk transfer through risk pooling is called___

29 / 40

Lloyds Coffee House is regarded as the place where insurance started the way it is practiced today. Lloyds is located in _____

30 / 40

Mr. Rakesh fears loss due to road accident. What should he do?

31 / 40

The asset may lose its value on the occurrence of a certain event. This chance of loss is referred to as ___. The cause of risk event is known as _____

32 / 40

In 1993 the ________ Committee was setup to explore and recommend changes for development of the industry including the reintroduction of an element of competition

33 / 40

“The Great Fire of London” in 1666, in which more than 13000 houses were lost, gave a boost to insurance and the first fire insurance company, called the Fire Office, was started in ______

34 / 40

“The Great Fire of London” in 1666, in which more than 13000 houses were lost, gave a boost to insurance and the first fire insurance company, called the Fire Office, was started in ______

35 / 40

Origins of modern insurance business can be traced to__

36 / 40

In the insurance context “risk retention” indicates a situation where____

37 / 40

By transferring risk to insurer, it becomes possible:

38 / 40

When did IRDA established?

39 / 40

What is the First life and non-life insurance companies set up in India?

40 / 40

What is the name of First Fire Insurance Company in the world?

Your score is

The average score is 56%

0%


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IC 38 (For General Insurance) Mock Test 2

IC 38 (GENERAL)1 Mock Test is for IRDA Exam Preparation for General Insurance In India

1 / 50

Prospecting in an insurance sale is

2 / 50

Which of the following is not part of sales process?

3 / 50

Need-gap analysis involves, finding about prospect:

4 / 50

Insurance is part of ___________ industry.

5 / 50

Cold Calling is:

6 / 50

What is the product an insurance agent promotes or sells?

7 / 50

In which year IRDA bill passed?

8 / 50

In which year Insurance Act is passed in India?

9 / 50

If an agent is found guilty of criminal misappropriation, the designated person will ____

10 / 50

Identify the statement which is not correct. Insurance agent should ____

11 / 50

An Insurance Agent can work for:

12 / 50

Which is not applicable – Every insurance agent shall

13 / 50

Rs._____ is the fees payable to the Authority for issue / renewal of license to Act as an Insurance Agent or Composite Insurance Agent.

14 / 50

Insurance agent represents the ___

15 / 50

The Authority may issue duplicate license in case it is ____

16 / 50

License to work as an insurance agent is issued by ____

17 / 50

Agent’s license is to be renewed ___

18 / 50

Minimum qualification required for an insurance agent is _______ pass.

19 / 50

____ may deal with more than one Life Insurance Company or general insurance company or both.

20 / 50

Silent Risk is ?

21 / 50

Validity of cover note is usually for a period of ?

22 / 50

The duty of disclosure arises ?

23 / 50

Premium cannot be received by

24 / 50

Warranty

25 / 50

A completed proposal form broadly gives information except the one:

26 / 50

As per guidelines, the company has to process the proposal within

27 / 50

_____ is the maximum limit of liability of insurer under the policy

28 / 50

Fire proposal seeks to know

29 / 50

_______ is the consideration or price paid by insured under a contract

30 / 50

A document which provides an evidence of contract of insurance is called____

31 / 50

The certificate of Motor Insurance--

32 / 50

Material fact

33 / 50

Renewal Notice for Motor insurance is issued by

34 / 50

By purchasing an insurance policy insured can

35 / 50

Which of the following is true?  Physical Hazards:

36 / 50

Installation of sprinkler system in the premises:

37 / 50

Underwriting, in a technical sense, comprises the following steps (Find the irrelevant):

38 / 50

Based on the experience of 10 years it is found that 50 motorcycles out of every 1000 motorcycles are stolen every year. What should be the theft premium per motorcycle if cost of one motorcycle is Rs.50, 000/-.

39 / 50

_______ decides whether to accept or not to accept the risk.

40 / 50

______ is the price of a given unit of insurance.

41 / 50

__ is the maximum amount that an insurance company will indemnify to someone who files a claim.

42 / 50

In motor insurance one of the warranties is:

43 / 50

The purpose of deductible clause is to:

44 / 50

The purpose of deductible clause is to:

45 / 50

____ is not a source of information for underwriter.

46 / 50

Hazards are:

47 / 50

Insured’s declared value in motor insurance includes:

48 / 50

Which of the following is not the exclusion of Personal Accident Policy

49 / 50

The Grace Period allowed by IRDA to renew the Health Insurance policy is

50 / 50

Which of the following is Mandatory insurance as per Motor Vehicle Act, 1988?

Your score is

The average score is 58%

0%


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IC 38 (For General Insurance) Mock Test 3

IC 38 Mock Test for General Insurance IRDA Exam 3

1 / 50

Group PA usually given to groups like banks, society covers for

2 / 50

If the accident results in loss of limb and loss of life, Insurer pays for

3 / 50

Premium calculation depends on various factors like

4 / 50

Principles of Indemnity can be strictly applied in PA Policies.

5 / 50

PA policy does not cover

6 / 50

In the event of .................. a fixed percentage of SI is paid as compensation

7 / 50

PA policy pays value of sum insured for

8 / 50

PA policies cover on 24 hour basis

9 / 50

Personal Accident covers apart from death arising out of accident

10 / 50

Accident results in

11 / 50

Accident denotes an event caused by

12 / 50

Personal Accident insurance helps to protect the insured from financial losses arising as a result of accident due to

13 / 50

For Travel insurance the sum insured depends on

14 / 50

In shopkeeper’s insurance which of the following are usually not covered

15 / 50

In shopkeeper’s insurance, which of the following are not covered?

16 / 50

Health insurance usually covers

17 / 50

Householder’s insurance covers

18 / 50

In householder’s insurance

19 / 50

The following is not covered in Personal Accident

20 / 50

Pre-existing conditions / ailments covered after a waiting period of

21 / 50

Who amongst the following can take P.A. Policy:

22 / 50

Which of the following is not covered under P.A. Policy:

23 / 50

Shop insurance covers

24 / 50

Personal accident cover is only

25 / 50

Travel insurance covers

26 / 50

Which of the following is Mandatory insurance as per Motor Vehicle Act, 1988?

27 / 50

The Grace Period allowed by IRDA to renew the Health Insurance policy is

28 / 50

Which of the following is not the exclusion of Personal Accident Policy

29 / 50

Insured’s declared value in motor insurance includes:

30 / 50

Hazards are:

31 / 50

____ is not a source of information for underwriter.

32 / 50

The purpose of deductible clause is to:

33 / 50

The purpose of deductible clause is to:

34 / 50

__ is the maximum amount that an insurance company will indemnify to someone who files a claim.

35 / 50

In motor insurance one of the warranties is:

36 / 50

________ refers to the body of the ship.

37 / 50

A hospital means any institution registered with the local authorities under Clinical Establishments (Registration and Regulation) Act, 2010 under Schedule of Sec 56(1)

38 / 50

Add-ons on motor vehicle policy is given for

39 / 50

All Risk means that any risk that the contract

40 / 50

An employer insures himself from dishonest act of his employees by _____

41 / 50

Beyond the expiry date of policy for renewal ........... grace period is allowed.

42 / 50

Burglary means- unforeseen/ unauthorized entry or exit by force with the intent to steal contents there from

43 / 50

Cashless facility is provided through a .....

44 / 50

Consequential Loss (Fire Policy) covers:

45 / 50

Consequential Loss Policy provides indemnity for

46 / 50

Contractor’s All Risk Policy is a variation of:

47 / 50

CPM Policy means

48 / 50

Declarations are made on the number of days of travel employee wise and premium is adjusted against the advance – on

49 / 50

Domiciliaryhospitalization limit is fixed at a certain percentage of total sum insured which is within the overall limit of sum insured

50 / 50

Domiciliaryhospitalization means – a patient

Your score is

The average score is 66%

0%


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IC 38 (For General Insurance) Mock Test 4

IC38(GEN)Mock Test 4

1 / 60

Health insurance agrees to pay hospitalization expenses to the extent of

2 / 60

Health insurance covers for expenses incurred apart from Room & Nursing Charges

3 / 60

Pre & Post hospitalization means coverage for treatment when hospitalized

4 / 60

Less than 24 hrshospitalization (day care centre) treatment is also covered for under Health policies eg. lithotripsy, cataract, etc.

5 / 60

Less than 24 hrshospitalization (day care centre) treatment is also covered for under Health policies eg. lithotripsy, cataract, etc.

6 / 60

TPA Stands for

7 / 60

Cashless facility is provided through a .....

8 / 60

Portability - Moving between policies of the same company itself has been excluded

9 / 60

Medical expenses that are incurred for routine in nature and routine health check-ups are covered under Health policy

10 / 60

A hospital means any institution registered with the local authorities under Clinical Establishments (Registration and Regulation) Act, 2010 under Schedule of Sec 56(1)

11 / 60

Domiciliaryhospitalization means – a patient

12 / 60

Domiciliaryhospitalization limit is fixed at a certain percentage of total sum insured which is within the overall limit of sum insured

13 / 60

Family floater policy – SI floats a month the family members consisting of

14 / 60

Free look period of ........... days are allowed from the date the documents are received by the customer

15 / 60

Beyond the expiry date of policy for renewal ........... grace period is allowed.

16 / 60

Medical checkup prior to acceptance of the proposal is required for

17 / 60

Declarations are made on the number of days of travel employee wise and premium is adjusted against the advance – on

18 / 60

For employment plan premium has to be paid in

19 / 60

All Risk means that any risk that the contract

20 / 60

RIV method is allowed only for

21 / 60

Burglary means- unforeseen/ unauthorized entry or exit by force with the intent to steal contents there from

22 / 60

Add-ons on motor vehicle policy is given for

23 / 60

CPM Policy means

24 / 60

Consequential Loss Policy provides indemnity for

25 / 60

Marine Cargo Insurance provides cover for

26 / 60

Fire Insurance Policy does not cover damage to property even as add-on cover due to_____.

27 / 60

Premium in Burglary depends on:

28 / 60

Employee’s Compensation Policy is a type of

29 / 60

Which is not covered under Fire Insurance?

30 / 60

Which is not a variant of fire policy?

31 / 60

In Engineering insurance CAR stands for

32 / 60

Consequential Loss (Fire Policy) covers:

33 / 60

An employer insures himself from dishonest act of his employees by _____

34 / 60

________ refers to the body of the ship.

35 / 60

Contractor’s All Risk Policy is a variation of:

36 / 60

Policy which covers loss or damage to aircraft is ____

37 / 60

Money Insurance Policy covers:

38 / 60

What is the probability of getting heads on tossing a coin?

39 / 60

You want to cover 5 motorbikes all of Honda Shine make and model. This group is called as

40 / 60

You want to cover a Honda shine, Tvs50 ,skoda car, Ashok Leyland truck. This group is called as

41 / 60

Group PA usually given to groups like banks, society covers for

42 / 60

If the accident results in loss of limb and loss of life, Insurer pays for

43 / 60

Premium calculation depends on various factors like

44 / 60

Principles of Indemnity can be strictly applied in PA Policies.

45 / 60

PA policy does not cover

46 / 60

In the event of .................. a fixed percentage of SI is paid as compensation

47 / 60

PA policy pays value of sum insured for

48 / 60

PA policies cover on 24 hour basis

49 / 60

Personal Accident covers apart from death arising out of accident

50 / 60

Accident results in

51 / 60

Accident denotes an event caused by

52 / 60

Personal Accident insurance helps to protect the insured from financial losses arising as a result of accident due to

53 / 60

For Travel insurance the sum insured depends on

54 / 60

In shopkeeper’s insurance which of the following are usually not covered

55 / 60

In shopkeeper’s insurance, which of the following are not covered?

56 / 60

Health insurance usually covers

57 / 60

Householder’s insurance covers

58 / 60

In householder’s insurance

59 / 60

The following is not covered in Personal Accident

60 / 60

Pre-existing conditions / ailments covered after a waiting period of

Your score is

The average score is 73%

0%


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IC 38 (For General Insurance) Mock Test 5

IC 38 Mock Test for General Insurance IRDA Exam 5

1 / 35

The agent has to support the customer in:

2 / 35

All risk policies cover:

3 / 35

_________ has jurisdiction to entertain matters where value of goods or services and the compensation claim is up to 20 lakhs

4 / 35

___________ is not an indicator of service quality.

5 / 35

__________ is not a tangible good.

6 / 35

Insurance Agent’s role in providing great customer service

7 / 35

Which of the following is not Customer Lifetime Value: -

8 / 35

Which of the following is not Customer Lifetime Value: -

9 / 35

Insurers under right of subrogation are allowed to recover the loss paid from:

10 / 35

Independent surveyors are required for claims above_______ as per the Insurance Act.

11 / 35

On payment of loss, salvage belongs to:

12 / 35

For personal accident claims, report of________ is necessary.

13 / 35

What is TAT?

14 / 35

Investigation of loss is done by:

15 / 35

Intimation of loss is to be made:

16 / 35

Motor third party claims are to be settled through:

17 / 35

If an insurer settles claims promptly, this will result in:

18 / 35

Arbitration is a claim settlement process done ______

19 / 35

In case of a fire claim, a report from the fire brigade:

20 / 35

Claims assessed outside the country in case of travel insurance policies are assessed by:

21 / 35

Claims involving third party property damage are assessed on the basis of

22 / 35

Non-Standard Claims means: -

23 / 35

Which of the following are the ways to address physical hazards?

24 / 35

Which of the following are burglary hazards?

25 / 35

Which of the following are physical hazards?

26 / 35

Loadings are applied on premium for:

27 / 35

Discounts are applied on premium for:

28 / 35

Which of the following are added to pure premium to arrive at final premium?

29 / 35

Formula for calculating mathematical value: (L – losses, V – values)

30 / 35

Premium arrived at based on previous loss experience is called as

31 / 35

Sum insured (SA) is decided by

32 / 35

Premium = __________

33 / 35

For underwriting a marine insurance policy one must know:

34 / 35

For underwriting a Health insurance policy one must know:

35 / 35

For underwriting a Fire insurance policy one must know:

Your score is

The average score is 61%

0%


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IC 38 (FOR GENERAL INSURANCE) MOCK TEST 6

IC 38 (GENERAL) Mock Test  6 is for IRDA Exam Preparation for General Insurance In India

1 / 50

Insurance brokers are licensed by:

2 / 50

_______ is a representative of the insurance company and is governed by the principal agent relationship.

3 / 50

What is not a reward of for a career in non-life insurance sales?

4 / 50

Sales people should possess the quality:

5 / 50

An agent can earn up to:

6 / 50

Following is not an insurance intermediary:

7 / 50

The following is not a benefit of insurance agency.

8 / 50

Insurance Agents are called as

9 / 50

Bancassurance means

10 / 50

Active Listening involves:

11 / 50

A customer having complaint regarding his insurance policy can approach IRDA through

12 / 50

Select the correct statement:

13 / 50

One of the methods of reducing insurance cost of an insured is ______

14 / 50

In customer relationship the first impression is created:

15 / 50

In India _______________ insurance is mandatory.

16 / 50

Consumer Protection Act deals with:

17 / 50

All risk policies cover:

18 / 50

Cargo ship caught by fire is an example of __

19 / 50

For underwriting a Fire insurance policy one must know:

20 / 50

For underwriting a Health insurance policy one must know:

21 / 50

For underwriting a marine insurance policy one must know:

22 / 50

Premium = __________

23 / 50

Sum insured (SA) is decided by

24 / 50

Premium arrived at based on previous loss experience is called as

25 / 50

What is a policy withdrawal?

26 / 50

What does the term “premium” denote in relation to an insurance policy?

27 / 50

Corpus fund is created with contributions from the Central Government and State Government on ____________.

28 / 50

Spreading of risk otherwise termed as _______

29 / 50

Direct or Consequential losses refer to __

30 / 50

Unemployment, war, inflation, earthquakes etc., are the examples of ___

31 / 50

Fundamental risk is also termed as ____

32 / 50

Risks are not suited to treatment by insurance refers to ______

33 / 50

The danger of loss from the unforeseen circumstances in future refers to _____

34 / 50

Committee of reforms in insurance sectors during 1993 headed by _____

35 / 50

IRDA refers to_____

36 / 50

When the amount for which a subject matter is insured is more than its actual value is called __

37 / 50

The Insurer who grants a guarantee from the direct insurer is called as ________

38 / 50

With profit policy is also termed as ____

39 / 50

The policies where the premium is payable through out the life of the assured is called _______

40 / 50

The Oriental Life Insurance Company came to India during _____

41 / 50

The term Assurance refers to ______

42 / 50

The organisation structure of GIC

43 / 50

Cargo ship caught by fire is an example of ____

44 / 50

Committee of reforms in insurance sectors during 1993 headed by _____

45 / 50

With profit policy is also termed as----?

46 / 50

Risk insured against death is a contract of ____

47 / 50

Group insurance is ideally suited for covering _____

48 / 50

With increase, in age, the risk on life _

49 / 50

The post of chief agents and special agents was terminated in 1956 through __?

50 / 50

The claim amount received from insurer are treated as ----------------

Your score is

The average score is 54%

0%