IC-38 Life case studies
IC-38 Life · Put your knowledge to work in context.
The IC-38 Examination is the pre-licensing examination pathway used in India for individuals who wish to be appointed as insurance agents. On the Insurance Institute of India's site, the IC-38 material and the "Grace Passing Marks - IC -38 Examination" link appear in several separate portals: Insurance Agent, Corporate Agents, Insurance Marketing Firm and Web Aggregators. The IC-38 Life case studies are 5 cases and about 4,651 words.
1The Rebate Offer and the Surrender Suggestion
Rakesh, 42, is a bank clerk in Nagpur earning ₹9.2 lakh a year. He has a wife, two school-going children, a ₹26 lakh home loan and ₹1.4 lakh in savings.
960 words, about 5 min2Two Years and Six Months: The Section 45 Repudiation
In March 2021, Sunita, then 47, bought a ₹20 lakh term policy with a ₹5 lakh critical illness rider from Insurer X through agent Devendra. The proposal form was long.
933 words, about 5 min3A ₹1 Lakh Premium Target and a ₹6.2 Lakh Income
Vikram, 34, drives a rented auto-rickshaw and earns about ₹6.2 lakh a year after fuel and rent; his wife does tailoring from home for about ₹80,000. They have two children, aged 6 and 2, a ₹19 lakh housing loan with 17 years remaining, ₹1.5 lakh in a recurring deposit, no health insurance and no employer benefits.
953 words, about 5 min4Naming a Brother as Nominee
Arif, 50, a textile trader in Coimbatore, applies for a ₹40 lakh term policy. His first wife died in 2015; they had two children, now 22 and 20.
923 words, about 5 min5The Lapsed Policy, the Diabetes and the 'Cleaner File'
Prakash, 45, a wholesale vegetable trader, holds a ₹10 lakh endowment policy with an annual premium of ₹27,400 due on 15 January. He has paid four years' premiums.
882 words, about 4 min