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Exam and Question Bank details
Licentiate in Life Insurance offered by the Insurance Institute of India (III) consist of three papers namely Principles of Insurance (IC 01), Practice of Life Insurance (IC 02), Regulation of Insurance Business (IC 14).
Licentiate in General Insurance exam consists of three papers namely Principles of Insurance (IC 01), Practice of General Insurance (IC 11), Regulation of Insurance Business (IC 14). Principles of Insurance (IC01) and Regulation of Insurance Business papers (IC14) are common to both exams.
Each paper is of 100 Multiple Choice Questions. Candidates should score 60% in each subject to qualify for Licentiate. The duration for the exam is 2 hours. There is no Negative Marks for wrong answers.
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