The IC 11 Mock Test helps you practice for the Practice of General Insurance paper, part of the Licentiate certification from the Insurance Institute of India. IC 11 tests core general insurance concepts, product knowledge across fire, marine, motor, and liability, underwriting, claims, and reserves. Practicing before your actual exam builds the recall and speed this paper demands.
What IC 11 Actually Tests
IC 11 is the Practice of General Insurance paper, one of the papers required for the III Licentiate certification in general or non life insurance.
- Foundational insurance principles, such as insurable interest, indemnity, and utmost good faith
- General insurance products, including fire, marine, motor, liability, personal accident, and engineering covers
- Underwriting concepts, including risk assessment, moral hazard, and reinsurance
- Rating and premium calculation, including the burning cost method and the effect of deductibles
- Claims handling, from first notice of loss through survey, settlement, and subrogation
- Insurance reserves and accounting, including unearned premium and IBNR reserves
Agents, surveyors, brokers, and general insurance employees typically pursue this certification, since a valid Licentiate qualification is a standard requirement for practicing in India’s regulated general insurance sector.
IC 11 Exam Format
The exam is a computer based multiple choice test conducted at authorised centers, with results displayed after submission.
| Component | Details |
|---|---|
| Question Type | Multiple choice, one correct answer per question |
| Negative Marking | None, so attempting every question is worthwhile |
| Mode | Online, computer based, at an III authorised centre |
A note on exact numbers: Sources online currently disagree on the precise question count, duration, and passing percentage for IC 11. Rather than repeat a figure I can’t confirm, check the current syllabus and exam pattern circular directly on the Insurance Institute of India website before planning your preparation schedule around a specific number.
Core Concepts That Anchor the Whole Syllabus
A handful of foundational principles from the opening chapter reappear across every other section of IC 11, which is why getting these solid early pays off throughout your preparation.
- Insurable interest means the policyholder has a genuine financial stake in the insured subject matter
- Indemnity means restoring the insured to the same financial position they were in before the loss, no better and no worse
- Subrogation gives the insurer the right to pursue a third party after settling a claim, standing in the insured’s place
- Contribution governs how multiple insurers share a loss when the same risk is covered under more than one policy
- Proximate cause identifies the dominant, effective cause of a loss when several factors are involved
Product Knowledge: Where Most of the Syllabus Lives
Fire and Marine Insurance
Fire insurance questions center on the Standard Fire and Special Perils Policy, covered and excluded perils, and consequential loss or business interruption cover. Marine insurance questions cover cargo policies, the Institute Cargo Clauses (ICC A, B, and C, ranging from all risks to named perils only), and hull insurance for vessel risks.
Motor, Liability, and Personal Accident
Motor insurance questions distinguish comprehensive cover from third party liability only cover, and test concepts like Own Damage and Insured Declared Value. Liability topics include public liability, product liability, and employer’s liability. Personal accident questions test the distinctions between death, permanent total disablement, permanent partial disablement, and temporary total disablement.
Engineering and Other Covers
This area covers Machinery Breakdown, Electronic Equipment Insurance, Contractor’s All Risk, and Erection All Risk policies, along with burglary insurance, which specifically covers loss through forcible entry or exit.
Underwriting, Rating, and Claims
Underwriting
Underwriting questions test the difference between moral hazard, which relates to the insured’s attitude and behavior, and physical hazard, the tangible characteristics of the risk itself. Reinsurance concepts, both proportional arrangements like quota share and surplus, and non proportional arrangements like excess of loss, also appear here.
Rating and Premiums
The burning cost method calculates a pure premium based on past claims experience, before loadings for expenses and profit are added. Questions also test how deductibles affect premium and how a No Claim Bonus applies to motor policy renewals.
Claims
Claims questions cover the first notice of loss process, the surveyor’s role in loss assessment, and the different forms a settlement can take, including cash, repair, replacement, or reinstatement. Salvage, abandonment, and ex-gratia payments also appear as concepts candidates are expected to distinguish clearly.
Reserves and Accounting
This section tests how insurers manage financial obligations through premium reserves, outstanding claims reserves, and IBNR, meaning claims Incurred But Not Reported. Solvency margin requirements set by IRDAI also fall under this area.
Regulatory Topics Worth Knowing
IC 11 draws on India’s insurance regulatory framework, so questions on the following areas show up alongside pure product knowledge.
- IRDAI’s role in licensing insurers, agents, brokers, and surveyors
- Policyholder protection measures, including free look periods and disclosure norms
- Grievance redressal through the Insurance Ombudsman and IRDAI’s grievance systems
- Public liability coverage under the Public Liability Insurance Act
How to Prepare for IC 11
A steady, product by product approach beats broad reading without practice for this exam.
- Read the official III study material for IC 11 in full before attempting practice questions
- Work through each product category, fire, marine, motor, liability, one at a time rather than all at once
- Practice premium calculation questions until the burning cost method feels automatic
- Attempt full length mock tests under realistic time pressure to build pacing
- Review every wrong answer for the underlying concept, not just the correct option
Related Insurance Mock Tests
Candidates preparing for IC 11 often study alongside other Insurance Institute of India licentiate and associateship papers.
- IC 01 Principles of Insurance Mock Test
- IC 14 Mock Test
- IC22 Life Insurance Mock Test
- IC27 Health Insurance Mock Test
- IC38 Mock Test
- IC57 Fire and Consequential Loss Insurance Mock Test
- IC67 Mock Test
Frequently Asked Questions
No, IC 11 has no negative marking, so attempting every question carries no penalty for a wrong answer.
IC 01 covers general principles of insurance common to both life and non life streams, while IC 11 focuses specifically on general or non life insurance products and practice.
These areas combine product specific terminology with practical application, such as identifying covered perils or the correct claim settlement type, rather than simple definition recall, which makes them harder to master through reading alone.
Agents, surveyors, brokers, and employees of general insurance companies typically need a valid Licentiate certification to practice in India’s regulated general insurance sector.
Check the official Insurance Institute of India website for the current syllabus and exam pattern circular, since question count, duration, and passing marks can be revised between cycles.
