Mock test for Insurance Licentiate Exam / Associate Exam / Fellowship Exams in Life Insurance and General Insurance (Non-Life)


Principles of Insurance Exam


Practice of Life Insurance Exam


Practice of General Insurance Exam


Regulation of Insurance Business Exam

IC 22

Life Insurance Underwriting Exam

IC 99

Asset Management Exam

IC 27

Health Insurance exam

IC 86

Risk Management Exam


Life Insurance Finance

IC 57

Fire & Consequential Loss Insurance Exam

IC 72

Motor Insurance Exam

IC 77

Engineering Insurance Exam

IC 78

Miscellaneous insurance Exam

IC 85

Reinsurance Management Exam

IC 90

Human Resource Management (HRM)

IC 67

Marine Insurance Exam

IC 88

Marketing and Public relations

IC 24

Legal Aspects of Life Insurance

IC 45

General Insurance Underwriting

IC 89

Management Accounting

IC 83

Group Insurance

IC 71

Agricultural Insurance

IC 56

Fire Insurance Claims

IC 60

Marine Cargo Insurance Underwriting

IC 92

Actuarial Aspects

IC 23

Applications of Life Insurance

IC 24

Legal Aspects of Life Assurance

IC 66

Marine Insurance Claims

IC 70

Marine hull insurance underwriting & claims

IC 46

General Insurance Accounts Preparation

Exam Information

Recognition of Licentiate Certificate in Insurance issued by III

Licentiate Diploma or Certifications offered by Insurance Institute of India are recognized by the following authorities

  • The Insurance Regulatory and Development Authority (IRDA)
  • Insurers in India and abroad.
  • Chartered Insurance Institute (CII) in U.K.
  • Life Office Management Association (LOMA)
  • American Institute of Chartered Property and Casualty Underwriters (CPCU)
  • Insurance Institute of Canada.

About Licentiate Exam

  • Licentiate is an entry level exam dealing with the fundamentals of Principles and Practice of Insurance (Life and Non-Life) and Regulations of Insurance Business.
  • Licentiate Exam is offered in two streams - Licentiate in Life Insurance, Licentiate in General Insurance (Non Life).
  • Licentiate in Life Insurance consist of three papers namely Principles of Insurance, Practice of Life Insurance, Regulation of Insurance Business.
  • Licentiate in General Insurance exam consists of three papers namely Principles of Insurance, Practice of General Insurance, Regulation of Insurance Business.
  • Principles of Insurance and Regulation of Insurance Business papers are common to both exams.
  • Each paper consists of 100 Multiple Choice Questions. The duration for the exam is 2 hours. Candidates should score 60% in each subject to qualify for Licentiate. There is no Negative Mark for wrong answer.
  • Benefit: Persons with Licentiate Certification can directly attend Advanced Financial Planning Exam conducted by Financial Planning Standards Board of India leading to Certified Financial Planner (CFP) Certification.

Fee Structure and Eligibility for Licentiate Exams

Registration Fees is Rs 700 for Licentiate in Insurance. Exam Fee is Rs 500 for each paper. For example for a candidate seeking to write Licentiate in Life Insurance Branch has to pay Rs 700 + Rs 500 X 3, a total of Rs 2200

Employees of Insurance Companies, Insurance Agents, Persons who have passed SSLC and more than 18 years of age are eligible to write Licentiate Exam.

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