IC-38 EXAM – LAST MINUTE SHORT NOTES (Quick Revision)

Описание: अगर आप IC-38 Insurance Exam की तैयारी कर रहे हैं और आपके पास कम समय है,
तो यह वीडियो आपके लिए बहुत उपयोगी है।
इस वीडियो में शामिल है: ✔ IC-38 important short notes
✔ Insurance principles explained
✔ Agent code & IRDAI rules
✔ Exam-oriented last minute revision
यह वीडियो Life, Health & General Insurance Agent सभी के लिए उपयोगी है।
📌 Watch till end for quick revision before exam.

🔹 1. What is IC-38?
IC-38 is a mandatory certification prescribed by IRDAI for becoming a Life / General / Health Insurance Agent in India.
🔹 2. Objectives of IC-38
Protect policyholder interest
Ensure ethical selling
Improve insurance awareness
Standardize agent knowledge
🔹 3. Key Stakeholders
IRDAI – Regulator
Insurer – Insurance company
Agent / Intermediary – Solicits business
Policyholder – Customer
🔹 4. Principles of Insurance (VERY IMPORTANT)
Utmost Good Faith – Full disclosure
Insurable Interest – Financial interest must exist
Indemnity – No profit, only loss recovery
Subrogation – Rights transfer to insurer
Contribution – Sharing of loss among insurers
Proximate Cause – Nearest cause of loss
🔹 5. Types of Insurance
Life Insurance – Protection + Savings
General Insurance – Fire, Marine, Motor
Health Insurance – Medical expenses
🔹 6. Insurance Documents
Proposal Form
Policy Bond
Endorsement
Cover Note
Renewal Notice
🔹 7. Premium & Claims
Premium = Consideration for risk
Claims must be:
Genuine
Documented
Within policy terms
🔹 8. Agent Code & Licensing
Minimum 18 years
Pass IC-38 exam
License validity: 3 years
Must follow Code of Conduct
🔹 9. Code of Conduct (Agent)
✔ Explain product honestly
❌ No mis-selling
✔ Maintain confidentiality
✔ Serve after-sales support
🔹 10. Customer Grievance Redressal
Insurer grievance cell
IRDAI Grievance Portal (IGMS)
Insurance Ombudsman
🔹 11. Common Exam Tips
Focus on principles & definitions
Read case-based questions carefully
Eliminate wrong options first
Ethics & compliance questions are scoring

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