Practice of Life Insurance - IC 02 Licentiate
Practice of Life Insurance - IC 02 Licentiate
Practice of Life Insurance - IC 02 Licentiate
The Practice of Life Insurance - IC 02 Licentiate Exam helps understand the concept of life insurance and its evolution. The licentiate focuses on learning about organisational structure and functions.
Course Outline
The Practice of Life Insurance - IC 02 Licentiate Exam covers the following topics -
- Understand Practice of Life Insurance
- Understand Premiums and Bonuses
- Learn Plans of Life Insurance
- Learn Annuities
- Overview of Group Insurance
- Understand Linked Life Insurance Policies
- Learn about Applications and Acceptance
- Overview of Policy Documents
- Understand Premium Payment, Policy Lapse and Revival
- Understand Assignment, Nomination and Surrender of Policy
- Learn about Policy Claims
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Exam Format and Information
| Exam Name Practice of Life Insurance | Exam Code - IC 02 |
| Exam Duration 120 mins | Exam Format Multiple Choice Questions |
| Exam Type Licentiate | Number of Questions 100 Questions |
| Exam Validity 5 years | Marking No negative marking |
| Exam Language English | Pass Score 60% and above |