IC27 Mock Test Sample 5
The health insurance sector in India has grown rapidly due to increased awareness and improved marketing by insurers. The cashless system allows policyholders to receive treatment without upfront payments. Insurance in modern form began during British rule, with major milestones like the 1912 Act, LIC formation in 1956, and market liberalization in 2000. Government schemes like ESIS and CGHS provide coverage to specific groups, funded through contributions and government support. Health insurance policies include exclusions such as fertility treatments. Factors like age affect underwriting, while top-up plans provide additional coverage. AYUSH practitioners form a significant part of India’s healthcare system.
1. What has contributed to the rapid growth of the health insurance market segment in the non-life insurance industry?
A) Decreased awareness among people
B) Reduced marketing efforts by insurers
C) Improved focus on marketing of health insurance products
D) Lack of interest in health insurance
2. What does the term "cashless system" mean in hospitalization cover?
A) Hospitals do not accept any payment
B) Individuals must pay in cash
C) Individuals need to borrow money
D) No need to arrange large cash for hospital payments
3. When did insurance in its modern form first arrive in India?
A) Vedic period
B) Mughal era
C) 18th century
D) British colonial rule
4. What was the result of establishing the Insurance Regulator in 2000?
A) Nationalization of insurance
B) Merger of insurers
C) Creation of subsidiaries
D) A new reform in insurance industry
5. What are the two main factors for growth of health insurance?
A) Decreasing awareness
B) Government schemes only
C) High costs and low availability
D) Increasing awareness and better marketing
6. What was the purpose of the Indian Life Assurance Companies Act, 1912?
A) Nationalize insurance
B) Regulate insurance companies
C) Establish first insurer
D) Merge insurers into LIC
7. What happened in 1956 in Indian life insurance?
A) Insurance regulator formed
B) Private insurers merged into LIC
C) Market opened to private players
D) Malhotra Committee introduced
8. When did Indian insurance market open to private insurers?
A) 1956
B) 1973
C) 1994
D) August 2000
9. When did health insurance begin with ESIS?
A) 1947
B) 1954
C) 1973
D) 1994
10. Who were initial beneficiaries of ESIS?
A) Central govt employees
B) Blue-collar workers
C) State govt employees
D) Self-employed
11. Main source of ESIS funding?
A) Central govt
B) Donations
C) Employer & employee contributions
D) State govt
12. Who funds CGHS?
A) Employees only
B) Employers only
C) Central govt only
D) Central govt and employees
13. Which scheme started in 1954 for central govt employees?
A) CHIS
B) NHIS
C) ESIS
D) CGHS
14. Which of the following is an exclusion in health insurance?
A) Pacemaker cost
B) Haemodialysis
C) Transplantation
D) Fertility treatment
15. Which does NOT impact public health system?
A) Ministry of Women & Child Development
B) ICDS
C) IRDAI
D) Ministry of Labour
16. Genetic abnormalities are classified as:
A) Only inherited & country-specific
B) Only acquired
C) Only acquired & country-specific
D) Acquired and inherited
17. Rajesh claim under top-up (₹7 lakh expense, ₹6 lakh threshold):
A) ₹5,00,000
B) ₹6,00,000
C) ₹7,00,000
D) ₹1,00,000
18. Age group requiring medical tests (first-time policy):
A) Only 35–40
B) Only 45–50
C) 35–40 and 45–50
D) Up to 45 years
19. Diabetes may not increase risk in which insurance?
A) Personal accident
B) Life insurance
C) Medical insurance
D) Professional indemnity
20. Estimated number of AYUSH practitioners in India:
A) 10,25,000
B) More than 1 crore
C) Around 75,000
D) Around 7,20,000
