IC38 - English Exam (Life Agent Exam) Mock Test 04

Q1. What type of payment do benefit-based products provide?

a) Monthly installments
b) Lump sum payment
c) Reimbursement of medical expenses
d) Cashless treatment facility

Q2. When the insured person has an adverse medical history, what diseases are included in the detailed questionnaire in the proposal form?

a) Asthma
b) Diabetes
c) Arthritis
d) Migraine

Q3. Which of the following diseases may have a waiting period in health insurance policies?

a) Heart attack
b) Cataract
c) Diabetes
d) Asthma

Q4. Who mandated the establishment of a separate channel for senior citizens' health insurance claims and grievances?

a) The Ministry of Health
b) The Insurance Regulatory and Development Authority of India (IRDAI)
c) The World Health Organization (WHO)
d) The Association of Health Insurers

Q5. Apart from the private sector, which other sectors are involved in providing healthcare services?

a) Only the government sector
b) Only the NGOs and the voluntary sector
c) Both the NGOs and the voluntary sector, as well as the government sector
d) None, only the private sector is involved

Q6. How can one appear confident and self-assured through body language?

a) Slouching and avoiding eye contact
b) Purposeful and deliberate gestures, but avoiding eye contact
c) Solid eye contact with a smiling face and standing tall with shoulders held back
d) None of the above

Q7. How is a positive diagnosis of a covered vector borne disease confirmed under the policy?

a) Self-declaration by the policyholder
b) Medical examination by any practitioner
c) Laboratory examination and confirmation by a medical practitioner
d) Online diagnosis through a mobile app

Q8. In Scenario 1, why did the insurance company reject the claim?

a) The damage was due to normal wear and tear, which was excluded from the policy
b) The damage was due to an excluded peril in the policy
c) The car was too old to be insured
d) None of the above

Q9. What are rating factors?

a) Elements used by insurers to determine the risk of insuring a person or entity
b) Elements used by insurers to determine the amount of profit they will make
c) Elements used by insurers to determine the length of the insurance policy
d) Elements used by insurers to determine the types of coverage offered

Q10. What are the steps involved in underwriting?

a) Assessment and evaluation of hazard and risk, formulation of policy coverage, and rate fixing
b) Gathering customer information, selling insurance policies, and collecting premiums
c) Identifying potential risks, hiring underwriters, and processing claims
d) Creating a pool of premiums, identifying the types of risks, and setting premiums