what is the syllabus of IC38 and what topics one should cover for it?
It is an online examination where the results will be declared as you submit your test papers. The exam has 50 multiple choice Questions with the time limit of 1 hour, every right answer carries one mark with no negative marking. A person needs minimum 35% marks qualify for IC38 i.e. you need 18 marks out of 50 to pass this exam.
1. Common Chapters: It involves concepts like Introduction to Insurance, Customer Service, Grievance Redressal Mechanism, Regulatory aspects of Corporate Agency, Legal Principle of an Insurance Contract.
2. Life Insurance: It involves concepts like What Life Insurance involves, Financial Planning, Life Insurance Products I & II, Applications of Life Insurance, Underwriting, Applications of Life Insurance, Documentation: Proposal Stage, Policy Condition I & II, Pricing & Valuation in Life Insurance and Payments under a Life Insurance Policy.
3. Health Insurance: It involves concepts like Introduction to Health Insurance, Insurance Documentation, and Health Insurance: Claims, Products, and Underwriting.
4. General Insurance: It involves concepts like Principles of Insurance, Documentation, Theory, and Practice of Premium Rating, Personal and Retail Insurance, Commercial Insurance and Claims Procedure.