IC-78 Optional · Optional General Insurance

Miscellaneous Insurance — Mock Tests & Exam Prep

Miscellaneous insurance — personal accident, burglary, fidelity, money and other niche covers.

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349
Verified questions
100
Questions per exam
2 hrs
Exam duration
60%
Pass mark
30
Credit points

Try IC-78 free — 5 real questions

These are 5 of the 349 IC-78 questions in Certena, taken from across the paper. Every answer key has been checked against a source — a printed answer key, a textbook extract, or arithmetic — not guessed. Reveal the answer and the explanation below each question. No sign-up needed.

Question 1
Which of these statements is/are TRUE with regard to Plate Glass Insurance? 1. The coverage under the policy applies only so long as the glass is fixed. 2. In the case of minor breakage, the loss would be settled on the basis of the claim form. 3. In the case of heavy breakage involving a substantial amount of loss, an independent survey would be arranged.
  1. AOnly 1
  2. BOnly 2
  3. C1 and 2
  4. D1 and 3
  5. EAll 1, 2 and 3
Show answer & explanation

Answer: E. All 1, 2 and 3

The Plate Glass Insurance coverage under the policy applies only so long as the glass is fixed. The insurance cover will cease if any alterations are carried on to the premises, or if there is a change in the tenancy of, occupancy of, or business carried on in, the premises containing the glass insured. In the case of heavy breakage involving a substantial amount of loss, an independent survey would be arranged. In the case of minor breakage, the loss would be settled on the basis of the claim form which would seek some important information.

Question 2
________ is / are covered under Overseas Travel/Health Policy. 1. Loss of passport 2. Delay of checked baggage 3. Personal accident
  1. AOnly 3
  2. BOnly 1
  3. C1 and 2
  4. D2 and 3
  5. EAll 1, 2 and 3
Show answer & explanation

Answer: E. All 1, 2 and 3

Overseas health policies cover : Under Section A - Personal accident Under - Section D - Delay of checked baggage Under Section E - Loss of passport

Question 3
The Sheep and Goat cover applies to - 1. Cross breed Goats 2. Indigenous Sheep 3. Exotic sheep
  1. AOnly 1
  2. BOnly 3
  3. C1 and 2
  4. D2 and 3
  5. EAll 1, 2 and 3
Show answer & explanation

Answer: E. All 1, 2 and 3

The Sheep and Goat cover applies to all indigenous, cross breed and exotic sheep and goats in the age group of 6 months to 6 years.

Question 4
The Pre-acceptance survey report generally contains which of the following particulars - 1. Maximum possible loss in a single incident of burglary 2. Number of doors, windows, skylights and other openings on the premises and how they are secured 3. Particulars of all burglaries which have occurred on the premises, and the steps taken to prevent a recurrence
  1. AOnly 2
  2. BOnly 1
  3. C1 and 2
  4. D2 and 3
  5. EAll 1, 2 and 3
Show answer & explanation

Answer: E. All 1, 2 and 3

Under burglary insurance, acceptance & the terms of the cover are based on the report given by the surveyor known as Pre-acceptance survey report'. The information contained in this report includes various aspects of the risk including particulars of all burglaries which have occurred on the premises and the steps taken to prevent a recurrence, number of doors, windows, skylights and other openings on the premises and how they are secured and maximum possible loss in a single incident of burglary.

Question 5
Which of the following points are included under a burglary insurance claim form?
  1. AThe description of the premises
  2. BThe description and value of the property stolen
  3. CDetails of other insurances
  4. DDetails in respect of date and time of loss
  5. EAll of the above
Show answer & explanation

Answer: E. All of the above

The description of the premises, description and value of the property stolen, details in respect of date and time of loss and details of other insurances are included in a burglary insurance claim form.

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Frequently asked questions

What is IC-78?
IC-78 (Miscellaneous Insurance) is an optional Optional-level examination offered by the Insurance Institute of India (III). Miscellaneous insurance — personal accident, burglary, fidelity, money and other niche covers.
How many questions are in the IC-78 exam?
The IC-78 exam has 100 MCQs to be answered in 120 minutes (2 hours). All questions must be attempted — there is no negative marking.
What is the pass mark for IC-78?
You need to score at least 60% to pass IC-78. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-78 carry?
IC-78 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.

Related subjects

IC-01
Principles of Insurance
IC-11
Practice of General Insurance
IC-45
General Insurance Underwriting
IC-46
General Insurance Accounts Preparation & Regulation of Investment
IC-14
Regulations of Insurance Business
IC-27
Health Insurance

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