Here I am providing Mock Test for IRDA Insurance Exam in English and Tamil both languages for your reference:

IRDA Insurance Exam (English)

Question 1
Amruta is pregnant. She has applied for a term insurance cover. Which of the below option will be the best option to choose for an underwriter to offer insurance to Amruta? Choose the most likely option.
A Acceptance at ordinary rates
B Acceptance with extra premium
C Acceptance with a restrictive clause
D Decline the proposal

Question 2
Which among the following is a non-traditional life insurance product?
A Endowment insurance
B Universal life insurance
C Whole life insurance
D Term assurance

Question 3
Mahesh has bought a life insurance policy with a critical illness rider. He has made absolute assignment of the policy in favour of Karan. Mahesh suffers a heart attack and there is a claim of Rs. 50,000 under the critical illness rider. To whom will the payment be made in this case?
A Karan
B Mahesh
C The payment will be shared equally by Mahesh and Karan
D Neither of the two because Mahesh has suffered the heart attack but the policy is assigned in favour of Karan

Question 4
An insurance broker represents _______.
A Insurance company
B Community of people who have already taken insurance
C Insured
D Association of insurance companies

Question 5
For an insurance policy nomination is allowed under _________ of the Insurance Act, 1938.
A Section 10
B Section 45
C Section 39
D Section 38

Question 6
_____________ relates to inaccurate statements, which are made without any fraudulent intention.
A Offer
B Representation
C Contribution
D Misrepresentation

Question 7
For the subsequent premiums received by the insurance company after the first premium, the company will issue _________
A Restoration premium receipt
B Revival premium receipt
C Renewal premium receipt
D Reinstatement premium receipt

Question 8
What is the time limit for approaching an Insurance Ombudsman?
A Within two years of rejection of the complaint by the insurer
B Within one year of rejection of the complaint by the insurer
C Within three years of rejection of the complaint by the insurer
D Within one month of rejection of the complaint by the insurer

Question 9
Health insurance is designed to handle which of the following risks?
A Infinity
B Mortality
C Serendipity
D Morbidity

Question 10
“Hurt not others with that which pains yourself”. This golden rule of ethics is given in the teaching of which religion?
A Christianity
B Buddhism
C Hinduism
D Judaism

Question 11
Money laundering is the process of bringing _______ money into an economy by hiding its _______ origin so that it appears to be legally acquired.
A Illegal, illegal
B Legal, legal
C Illegal, legal
D Legal, illegal

Question 12
Which of the below losses are covered under keyman insurance?
A General liability
B Losses caused due to errors and omission
C Losses related to the extended period when a key person is unable to work
D Property theft

Question 13
Which of the following condition will affect a person’s insurability negativ
A Lazy nature
B Daily jogs
C Banned substance abuse
D Procrastination

Question 14
Which among the following is an intangible product?
A Life insurance
B Car
C House
D Soap

Question 15
Mortgage redemption insurance (MRI) can be categorised under ___
A Universal life assurance
B Variable life assurance
C Decreasing term life assurance
D Increasing term life assurance

Question 16
The term TPA refers to ________. (Answer with regards to health insurance)
A Third Party Assistance
B The Primary Associate
C Third Party Administrator
D To Provide Assistance

Question 17
An individual with an aggressive risk profile is likely to follow wealth _______investment style.
A Spending
B Consolidation
C Accumulation
D Gifting

Question 18
Who provides public pensions?
A Insurers
B Employers
C State
D NGO’s

Question 19
In decreasing-term insurance, the premiums paid ____________ over time.
A Increase
B Remain constant
C Decrease
D Are returned

Question 20
In decreasing-term insurance, the premiums paid ____________ over time.
A Remain constant
B Decrease
C Are returned
D Increase