IRDAI IC-38 Mock Test: Insurance Agents Pre-Recruitment Exam
Up to 30 full-length mock tests of 50 questions each, built on the official syllabus, with an explanation for every answer.
About the IRDAI IC-38 exam
IC-38 is the IRDAI pre-recruitment exam for insurance agents, conducted using the Insurance Institute of India syllabus. It covers insurance principles, life, health and general insurance products, documentation and underwriting, claims, regulation and customer service.
Who should take it: People who want to become licensed insurance agents or point-of-sale persons for life, health or general insurers.
IRDAI IC-38 exam pattern
| Questions | 50 multiple-choice questions |
|---|---|
| Total marks | 50 |
| Duration | 60 minutes |
| Passing score | 35% |
| Negative marking | No negative marking |
Indicative pattern. Exam bodies revise patterns — confirm the details in the latest official notification before your exam.
Syllabus covered in our IRDAI IC-38 question bank
Our 50-question bank for IRDAI IC-38 covers every section below. Mock tests mix questions across all of them in the same proportion as the real paper.
- Introduction to Insurance4 practice questions
- Customer Service & Grievances4 practice questions
- Regulatory Aspects of Agency4 practice questions
- Legal Principles of Insurance5 practice questions
- Life Insurance & Financial Planning3 practice questions
- Life Insurance Products5 practice questions
- Pricing & Valuation3 practice questions
- Documentation & Underwriting7 practice questions
- Life Insurance Claims3 practice questions
- Health Insurance7 practice questions
- General Insurance5 practice questions
Free IRDAI IC-38 sample questions
Try five questions from our bank. Each mock test gives you 50 like these, with your score, chapter-wise analysis and explanations at the end.
Insurance is able to compensate the few who suffer a loss mainly because:
- The insurer invests every premium only in government bonds
- The government reimburses the insurer for every claim
- The premiums of many people facing a similar risk are pooled to pay the losses of the few
- Insured persons promise never to make a claim
Show answer & explanation
Answer: C. The premiums of many people facing a similar risk are pooled to pay the losses of the few
Insurance works on pooling: many contribute small premiums so that the fund can pay the losses of the few who actually suffer them.
Under IRDAI's 2024 policyholder-protection framework, the free-look period for life and health insurance policies is:
- 7 days from the date of proposal
- 15 days from the date of the first premium
- 30 days from receipt of the policy document
- 45 days from the risk commencement date
Show answer & explanation
Answer: C. 30 days from receipt of the policy document
IRDAI's 2024 regulations extended the free-look period to 30 days from receipt of the policy document for life and health policies.
Section 41 of the Insurance Act, 1938 prohibits:
- Offering a rebate of commission or premium as an inducement to take a policy
- Nomination by the policyholder
- Assignment of a policy to a bank
- Payment of premium by cheque
Show answer & explanation
Answer: A. Offering a rebate of commission or premium as an inducement to take a policy
Section 41 bars allowing or offering any rebate as an inducement to take or renew insurance; the agent cannot share commission with the customer.
The principle of utmost good faith requires:
- Both proposer and insurer to voluntarily disclose all material facts accurately
- Only the insurer to disclose its financial results
- The proposer to disclose facts only if specifically asked
- The agent to guarantee the claim amount
Show answer & explanation
Answer: A. Both proposer and insurer to voluntarily disclose all material facts accurately
Insurance contracts are uberrimae fidei: each party must disclose all material facts, whether asked or not.
Using the income-capitalisation method, what is the Human Life Value of a person who contributes ₹4,80,000 a year to the family if the assumed interest rate is 8%?
- ₹60,00,000
- ₹38,40,000
- ₹48,00,000
- ₹96,00,000
Show answer & explanation
Answer: A. ₹60,00,000
HLV = annual contribution ÷ interest rate = ₹4,80,000 ÷ 0.08 = ₹60,00,000, the sum that would yield the same income.
IRDAI IC-38 mock test plans
Every plan unlocks one full-length mock test per day of the plan. Prices include GST.
| Plan | Mock tests | Questions | Price |
|---|---|---|---|
| 10 Days | 10 mock tests | 500 questions | ₹199 incl. GST |
| 15 Days | 15 mock tests | 750 questions | ₹279 incl. GST |
| 20 Days Popular | 20 mock tests | 1,000 questions | ₹349 incl. GST |
| 30 Days Best value | 30 mock tests | 1,500 questions | ₹449 incl. GST |
Official resources
Links open the official website. We do not host or alter official material.
IRDAI IC-38 mock test FAQs
How many questions are there in the IRDAI IC-38 exam?
The IRDAI IC-38 paper has 50 multiple-choice questions for 50 marks, to be completed in 60 minutes. This is the indicative pattern — always confirm it in the latest official notification.
Is there negative marking in IRDAI IC-38?
No. There is no negative marking, so attempt every question. Our mock tests apply the same rule.
What is the pass mark for IRDAI IC-38?
You need 35% to pass. Our mock tests show pass or fail against the same mark.
How many IRDAI IC-38 mock tests do I get?
One full-length mock test is unlocked for each day of your plan: 10, 15, 20 or 30 mock tests on the 10 Days, 15 Days, 20 Days or 30 Days plans. You can retake any unlocked test while your plan is active.
Are these the actual exam questions?
No. Every question is an original practice question written to match the official syllabus and the exam's style. Reproducing real exam questions is not permitted, and we do not do it.
Where can I get the official IRDAI IC-38 study material?
The official syllabus and notifications are published by the conducting body — see the Official resources section on this page.