The practice of General Insurance – IC 11 Exam

The Practice of General Insurance – IC 11 exam is one of the three exams required to pass for eligibility to give the Licentiate Exam by the Insurance Institute of India-

• Principles of Insurance (IC 01)
• Practice of General Insurance (IC 11)
• Regulation of Insurance Business (IC 14)

The IC-11 exam mainly focuses on studying the market including domestic and international both. Also, it deals with a primary focus on documenting, processes, individual classes of business, underwriting, rating, claims, and insurance accounting.

Qualification required

• The candidate must have the minimum qualification of pre-university or an equivalent exam by any recognized board or institute, where the candidate resides in a place having population of 5000 or above according to the last census.
• Have passed the 10th standard pr any equivalent exam from a recognized institute/board.
• The candidates are required to complete training from an IRDA authorized institution with a minimum of 50 hours practical training in general insurance business which may take a duration of 3-5 weeks. In case of renewal of the license the candidate will have to undergo training of 25 hours.

IC-11 Exam Details

The practice of General Insurance – IC 11 Exam comprises a total of 100 questions. All the questions are either multiple-choice or multiple-response questions in which the candidates have to choose from a list of possible answers. The exam duration is 120 minutes. The registration fee is Rs 250 and the examination fee is Rs 300. This exam is conducted in the English language. The candidates need to score 60% or more in order to pass the exam successfully. The IC-11 certification has a validity period of 5 years after which the candidates will have to renew their certification. Also, there is no negative marking system for this exam. Also, this exam is conducted only in an online mode at the test centers selected.

Cancellation Policy

If the candidate wants to cancel their IC-11 exam, they have to send an application for withdrawal to the Insurance Institute of India’s office, Mumbai before the prescribed date provided in the “Calendar of Important Dates”. Keep in mind that the cancellation can only be done through III and not via any associated institute/affiliated institute/ALCs. You can contact mmsatam@iii.org.in or gogia@iii.org.in for your requests. The candidates will be refunded 50% of the exam fee.

IC-11 Exam FAQs

Have a lot of questions about the IC-11 exam troubling you? Click here to get them all resolved

Enroll for the IC-11 Exam

• Go the official website of III and create an account through the IRDAI portal if you don’t already have an account.
• A unique reference number is created for every candidate when you register for the exam.
• Select the preferred exam date among the dates provided by the III.
• Fill in all the details correctly as asked in the application form.
• Read all the instructions carefully and make the payment.

Exam Guidelines for IC-11

1. Candidates should have any one of the following original photo identity proofs specified by the Regulatory Body-

• PAN Card
• Passport
• Driving License
• Election ID Card
• Bank passbook including photo
• Credit or Debit Card including Photograph
• College ID, if any

2. The candidates will be only allowed a pen and a calculator.

3. No personal belonging is allowed in the exam hall including mobile phones.

4. Candidates are only allowed to use a mouse. There is no use of the keyboard in the exam, hence should not be used by candidates for any purpose.

5. The candidates will be provided with 10 minutes grace time if there is an internet or a power issue.

Course Outline

The IC-11 exam mainly has the following modules covered-

• Module 1 – Understanding what is General Insurance 
• Module 2 – Concepts of Policy Documents and Forms 
• Module 3 – Studying Fire and Marine Insurance 
• Module 4 – Understanding Motor Insurance and Personal Liability Insurance 
• Module 5 – Overview of Engineering and other insurance 
• Module 6 – Learning and Understand the concept of Underwriting 
• Module 7 – Understanding concept of Ratings and Premium 
• Module 8 – Overview of Claims 
• Module 9 – Learning about Insurance Reserves and Accounting concepts

Renewing the License

If a candidate wants to renew the license, they are required to make an application to the designated person in Form IRDA-Agents-VA.

Fill up all the details and on receiving the application form, your license will be renewed on the basis of the following conditions-

• Completed 25 hours of practical training
• Successfully passed the IC-11 exam conducted by the Insurance Institute of India or other examination bodies.

The candidates renewing the license will be required to pay Rs 250 as the renewal fee which will be valid for a period of five years.

Preparatory Guide

It is always better to plan your way through the struggle. Passing the IC-11 exam successfully is not that easy and requires a lot of focus and determination. To put your efforts in the right direction, here is an effective plan. We are providing you with a well-planned, systematic format to help you ace this exam. This study guide will provide you with a complete plan for your preparation including learning resources, study material, practice tests, and more.

Go through the Course Syllabus and Official Website

Before you start with your exam preparation, it is very important that you know all the relevant and important details and information about the exam. This must be the first step a candidate needs to take when preparing for this exam. It is also beneficial for the candidates to visit the official site of the IC-11 Exam as it will have all the accurate and authentic information. The official website will keep you updated with the latest information and important exam guidelines. This will also include some study resources which you can go through.

One more thing to keep in mind is to carefully understand all the course modules in detail. The candidates should have clearly examined each of the modules and thoroughly study them.

• General Insurance
• Policy Documents and Forms
• Fire and Marine Insurance
• Motor Insurance and Personal Liability Insurance
• Engineering and other insurance
• Concept of Underwriting
• Ratings and Premium
• Claims
• Insurance Reserves and Accounting concepts

Study Materials

The Practice of General Insurance – IC 11 Exam E-Book

This e-book is mandatory to pass if you are giving the IC-11 exam from the Insurance Institute of India. This book is important than you think. This contains each and every topic in detail which will help you have a clear understanding of each module to ensure you pass the exam successfully. Click here to download the book.

IC-11 Mock Test by IRDAI

IRDAI provides you access to mock tests which will help you a lot as it consists of all the unique and relevant questions which might be very similar to the exam. The candidates can also have access to the full mock test by purchasing it.

Practice Tests

Take as many Practice Tests as you can. This will be very beneficial for your preparation and help you find your strengths and weaknesses. You can self-evaluate your performance and work on your mistakes. his will boost up your confidence and get you familiar with the exam format and environment. Start preparing and take a free practice test now!