IC-38 Insurance Agent Exam - Health study guide
IC-38 Insurance Agent Exam - Health · Work through your exam, one topic at a time.
IC-38 is the Insurance Institute of India's pre-licence examination for insurance agents, and the health variant of the IC-38 course material is the study route for candidates who intend to sell health insurance products. The Institute publishes a dedicated IC 38 Study Material of Insurance Agent and a Model Question Bank, and the same Grace Passing Marks – IC-38 Examination page is listed for every distribution channel (agents, corporate agents, insurance marketing firms, web aggregators, brokers and authorised verifiers), which tells you the exam is a common gateway rather than a channel-specific test. Registration, training, profile creation and payment all run through the Insurance Agents Examination Portal, and the examination itself is delivered online. Preparation is straightforward but not casual: work through the revised IC 38 study material for your channel, then use the model question bank to test recall of definitions, policy conditions, exclusions, claims handling and regulatory duties. Topics on this exam: Health Insurance. The IC-38 Insurance Agent Exam - Health study guide has 1 section and about 407 words.
01Health Insurance
The Health Insurance domain tests how well you can explain indemnity and defined-benefit health products, the regulatory waiting periods and claim mechanics that decide whether a bill is paid, and the disclosure duties that fall on the agent at point of sale. Health indemnity policies reimburse actual hospitalisation expenses up to the sum insured; they are not savings or investment products. IRDAI's health insurance regulations, as amended in 2024, set a maximum pre-existing disease (PED) waiting period of three years ; PED means a condition diagnosed or treated in the 48 months before cover. A 30-day initial waiting period applies to illness (not accident), specific diseases may carry a two-year wait, and a 60-month moratorium protects the insurer's right to contest non-fraud claims after five continuous policy years.
407 words, about 2 min