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Practice of Life Insurance - IC 02 Licentiate Practice Exam Dumps

Practice of Life Insurance - IC 02 Licentiate 


About Practice of Life Insurance - IC 02 Licentiate Exam

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.


Skills Acquired

  • Learn about the concept of appointing life insurance agents
  • Learn about the duties and their remuneration of life insurance agents
  • Understand the insurance history and its growth
  • Overview of the Indian insurance market.
  • Learn the activities and organisational structure of a life insurance company
  • Understand the appointment of life insurance agents and their functions.
  • Understand remuneration to agents and continuation of the agency.
  • Learn the trends in life insurance distribution channels. 


Exam Details

  • Exam Type: MCQ (on-line/ Off-line)
  • Passing score: 60% and above
  • Total Questions: 100
  • Exam Duration: 2 hours. 
  • No negative marks


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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