100+ Free IRDAI POSP General Practice Questions

Pass your IRDAI POSP General Insurance Exam (Point of Sale Person) exam on the first try — instant access, no signup required.

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2026 Statistics

Key Facts: IRDAI POSP General Exam

~50 MCQs

Typical official paper size (model papers)

POSP General model papers / training providers

~45 min

Common timed duration for ~50Q papers

POSP General model papers

~50%

Common model-paper pass mark

POSP General model papers

15 hours

Mandatory in-house POSP training

IRDAI POSP guidelines (non-life & health)

Class 10 + age 18

Typical minimum eligibility

IRDAI POSP guidelines

IRDAI POSP General is a short MCQ after ~15 hours’ training. Practice 100 free questions weighted to the five-module non-life/health syllabus: intro, market, principles, POS products, and miscellaneous compliance.

Sample IRDAI POSP General Practice Questions

Try these sample questions to test your IRDAI POSP General exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.

1Risk transfer through pooling of similar exposures is best described as:

A.Insurance

B.Savings

C.Speculation

D.Hedging with derivatives only

Explanation: Insurance pools premiums from many similar risks so that the few who suffer covered losses are compensated from the common fund. That risk-transfer-via-pooling mechanism is the core of insurance.

2Which statement about insurance is correct?

A.Insurance prevents every loss from occurring

B.Insurance pays when there is a covered loss of the insured asset or interest

C.Insurance reduces the possibility of every peril to zero

D.Insurance guarantees the asset will never be damaged

Explanation: Insurance does not stop perils from happening. It provides financial compensation when a covered loss occurs, transferring the financial impact of the risk.

3Insurance is commonly explained as a method of sharing the losses of:

A.Many by a few

B.One individual with another unrelated individual only

C.A few by the many

D.Governments only

Explanation: Pooling means many contribute premiums so that the relatively few who suffer losses can be compensated. That 'few by the many' sharing idea is central to Module 1.

4The consideration the proposer pays the insurer for bearing risk is called the:

A.Bonus

B.Sum insured

C.Claim

D.Premium

Explanation: Premium is the consideration paid by the insured for the insurer’s promise of cover. Sum insured is the limit of liability; a claim is a demand for payment after loss.

5In insurance terminology, a 'peril' is best defined as:

A.The cause of loss (such as fire, flood, or theft)

B.Any condition that increases loss severity

C.The chance that a loss might occur

D.The premium loading for moral hazard

Explanation: Peril means the cause of loss. Hazard is a condition that increases the chance or severity of loss. Risk is the uncertainty of loss.

6A condition that increases the probability or severity of a loss is called a:

A.Peril

B.Hazard

C.Warranty

D.Endorsement

Explanation: Hazard is a condition that raises the chance or severity of loss (for example, careless driving or storing explosives). Peril is the cause of loss itself.

7Which scenario most clearly warrants insurance under Module 1 teaching?

A.A house gradually loses value through normal wear and tear

B.Stock prices may fall on the market

C.The sole breadwinner of a family might die untimely

D.A person may lose a small amount of pocket money

Explanation: Insurance targets uncertain fortuitous losses with financial impact. Premature death of a breadwinner is a classic insurable contingency. Wear and tear and pure market speculation are generally not what Module 1 treats as the insurance need.

8Chance of loss is referred to as:

A.Peril

B.Hazard

C.Indemnity

D.Risk

Explanation: Risk refers to the uncertain possibility of loss or damage. Only uncertain risks are suitable for insurance cover.

9Which statement correctly describes how insurance works?

A.Insurance is risk transfer by pooling similar risks

B.Insurance is merely a gamble against the insurer

C.Insurance is only a savings scheme with no risk transfer

D.Insurance is identical to equity investment

Explanation: Module 1 distinguishes insurance from gambling and pure savings: insureds transfer risk into a pool of similar exposures managed by the insurer.

10Assets covered by insurance may be:

A.Only tangible physical property

B.Tangible or intangible, depending on the product

C.Only intangible rights

D.Only government property

Explanation: The handbook notes insurance can cover tangible assets (house, vehicle) and intangible interests (liability, honesty/fidelity-type covers where offered). Product design determines what is insurable.

About the IRDAI POSP General Exam

Free practice bank for the IRDAI Point of Sale Person (POSP) General / Non-Life & Health qualifying exam—covering the model syllabus modules on insurance basics, the Indian market, principles, approved POS products, and compliance.

Questions

50 scored questions

Time Limit

~45 minutes (model papers; confirm with provider)

Passing Score

~50% (model papers; confirm with provider)

Exam Fee

Often sponsored / confirm with appointing insurer or intermediary (Insurance Institute of India training materials / insurers & intermediaries (IRDAI POSP framework))

IRDAI POSP General Exam Content Outline

12%

Introduction to Insurance

Risk pooling, purpose of insurance, risk/peril/hazard, and premium.

15%

Indian Insurance Market

IRDAI, insurers, intermediaries, POSP role, training, and distribution channels.

20%

Principles and Practice of Insurance

Contract elements, core principles, proposal forms, premium rules, and claims basics.

35%

POS General Insurance Products including Health

Approved POS lines: motor, PA, travel, home, health/CI/hospital cash, crop and allied covers.

18%

Miscellaneous Compliance

Bima Bharosa, Ombudsman, consumer commissions, PPI, AML/KYC, and POSP dos and don’ts.

How to Pass the IRDAI POSP General Exam

What You Need to Know

Passing score: ~50% (model papers; confirm with provider)
Exam length: 50 questions
Time limit: ~45 minutes (model papers; confirm with provider)
Exam fee: Often sponsored / confirm with appointing insurer or intermediary

Keys to Passing

Complete 500+ practice questions
Score 80%+ consistently before scheduling
Focus on highest-weighted sections
Use our AI tutor for tough concepts

IRDAI POSP General Study Tips from Top Performers

1Complete the official 15-hour POSP training materials from your insurer or intermediary before relying on mocks.

2Memorise the approved POS product list and what you cannot sell.

3Drill indemnity principles vs personal accident benefit tables—both appear frequently.

4Know Bima Bharosa → insurer-first escalation and Ombudsman eligibility timelines.

5Practice AML/KYC and dos/don’ts scenarios; conduct questions are high-yield and practical.

Frequently Asked Questions

How many questions are on the IRDAI POSP General Insurance exam?

Model papers commonly use about 50 objective questions in roughly 45 minutes. Exact format is set by the examining insurer or intermediary. This free bank provides 100 practice questions across the full model syllabus.

What is the passing score for POSP General?

Many model papers cite about 50% (for example 25 out of 50) with no negative marking. Confirm the cut-off with your appointing insurer or intermediary.

What training is required before the POSP General exam?

IRDAI guidelines require about 15 hours of in-house training on the non-life and health POSP model syllabus, then a qualifying exam conducted by the engaging insurer or intermediary.

What products can a General Insurance POSP sell?

Only pre-underwritten POS products approved for POSP solicitation—originally motor package and Act-only TP, personal accident, travel, and home, later expanded to specified health, crop, cattle, pump-set and related simple covers. Policies are prefixed POS - (product name).

How is POSP different from the IC-38 insurance agent exam?

POSP is a lighter distribution channel for simple pre-underwritten products after short training. IC-38 is the fuller agent licensing exam with longer training and broader product authority.