Insurance Agents Exam - IC 38 Practice Exam

Insurance Agents Exam - IC 38 Practice Exam

About Insurance Agents Exam - IC 38 Exam

Insurance Agents Exam - IC 38 Exam is one of the first steps to becoming an IRDAI Agent/Insurance Advisor. The Insurance Institute of India conducts the pre-recruitment qualification examination on behalf of IRDAI.

Exam Details

• Exam Type: Online platforms
• Exam Duration: 1 hour 50 minutes
• Exam Format: Multiple choice
• Passing score: 35% marks and above (at least 18 marks).
• There is no negative marking system
• The Validity of Licence is 3 Years
  

Eligibility Criterion

The Insurance Agents Exam - IC 38 Exam requires the following prerequisites -

• The IRDAI Regulations 2000, requires the 12th standard as a minimum qualification for applicants.
• Candidate should be 12th standard exam passed from the recognized board if he resides in a place with 5000 or more population
• The candidate should be 10th passed if he resides in a place with a population of less than 5000.

Course Outline

The Insurance Agents Exam - IC 38 Exam covers the following topics - 

Module 1 - Introduction to Insurance

• Basics of Insurance
• Overview of Customer Service
• Learn about grievance redressal mechanism
• Understand the regulatory aspect of corporate agency
• Overview of principles of an Insurance Contract

Module 2 - Understanding about Life Insurance

• Concept of Life Insurance
• Learn about Financial Planning
• Life Insurance Product - I
• Life Insurance Product - II
• Understanding the applications of Life Insurance
• Learn about pricing and valuation in life insurance
• Documentation Policy
• Underwriting
• Payments under a Life Insurance Policy

Module 3 - Understand Health Insurance

• Overview of Health Insurance
• Understanding Insurance Documentation
• Health Insurance Products, Underwriting and Claims

Module 4 - Understanding the concept of General Insurance

• Learn about principles of Insurance
• Understanding the documentation
• Learn the Theory and Practice of Premium Rating
• Understand about Commercial Insurance
• Understand the Claims Procedure

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What are our Practice Exams?

• Practice exams have been designed by professionals and domain experts that simulate real-time exam scenarios.
• Practice exam dumps have been created on the basis of content outlined in the official documentation.
• Each set in the practice exam contains unique questions built with the intent to provide real-time experience to the candidates as well as gain more confidence during exam preparation.
• Practice exams help to self-evaluate against the exam content and work towards building strength to clear the exam.
• You can also create your own practice exam based on your choice and preference 

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