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

What do we offer?

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  • In-depth and exhaustive explanation for every question
  • Reliable exam reports evaluating strengths and weaknesses
  • Latest Questions with an updated version
  • Tips & Tricks to crack the test
  • Unlimited access

What are our Practice Exams?

  • Practice exams have been designed by professionals and domain experts that simulate real-time exam scenarios.
  • Practice exam questions 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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