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Principles of Insurance - IC 01 Licentiate

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Principles of Insurance - IC 01 Licentiate Exam


The Principles of Insurance (IC 01) exam is the foundation for a career in the Indian insurance industry. It's a mandatory exam for candidates seeking a Licentiate qualification from the Insurance Institute of India (III).


Who should take the exam?

  • Individuals aspiring for careers in the insurance industry as agents, brokers, or other entry-level positions.
  • Insurance professionals seeking to enhance their foundational knowledge.
  • Anyone interested in understanding the core principles and concepts of insurance.


Course Outline

The exam can cover the following topics:

  • Chapter 1: Overview of Risk Management
  • Chapter 2: Learn The Concept of Insurance and its Evolution
  • Chapter 3: The Business of Insurance
  • Chapter 4: Understand The Insurance Market
  • Chapter 5: Learn about Insurance Customers
  • Chapter 6: The Insurance Contract
  • Chapter 7: Understand Insurance Terminology
  • Chapter 8: Life Insurance Products
  • Chapter 9: Explore General Insurance Products