Insurance Agents Exam – IC 38 FAQs
1. What is the IC-38 Exam?
The IC-38 exam is conducted by the Insurance Institute of India as a pre-recruitment qualification exam on behalf of IRDAI for candidates who want to become an IRDAI Agent or an Insurance Advisor.
2. What is the course outline for this exam?
IC-38 has the following course modules-
- Introduction to Insurance
- Learning about Life Insurance
- Understanding Health Insurance
- Overview of General Insurance
3. What is the exam format for the Insurance Agents Exam IC-38 exam?
The exam pattern is multiple-choice or multiple-response questions.
4. What is the exam duration?
The candidates have to complete the exam in 1 hour 50 minutes. If there is any technical fault or any other issue, candidates will be provided with some extra grace time.
5. What is the total number of questions coming in the exam?
The total number of questions for this exam is 50.
6. What is the passing percentage for this exam?
The candidates need to score at least 35% or more to pass the exam successfully.
7. In what language is the exam conducted?
The IC-38 exam is in the English language.
8. When will the certification expire?
The validity period for the IC-38 certification is 3 years.
9. What is the eligibility requirement for this exam?
- According to the IRDAI Regulations 2000, the minimum qualification for candidates is to pass the 12th standard.
- The candidate should have passed the 12th standard exam successfully from a recognized board if residing from a place of 5000 or more population.
- The candidate should have passed the 10th standard if residing in a place with a population of less than 5000
10. What is the training period required for taking the IC-38 exam?
The candidates should have completed 50 hours of training from an IRDAI-approved training center to act as a Life/General Insurance agent. The candidates who are seeking a license for the first time have to complete 75 hours of training.
11. Is there any negative marking system in this exam?
There is no negative marking for incorrect answers.
12. What is the renewable procedure of the IC-38 certificate?
Candidates are not required to give the exam again but they have to undergo practical training of 25 hours in order to renew the certificate.
