Start your IC 11 Mock Test right now with zero registration, zero payment, and zero waiting time. We built this Practice of General Insurance exam simulator for candidates who want immediate access to 100 authentic MCQs matching Insurance Institute of India’s Licentiate exam format. Click, practice, and prepare – no barriers between you and exam success.
About IC 11 Mock Test
The IC 11 Practice of General Insurance test carries 20 credit points toward your III Licentiate qualification. Each IC 11 exam presents 100 multiple-choice questions covering fire insurance underwriting, marine cargo coverage, motor third-party claims, burglary policy conditions, liability insurance frameworks, and claims settlement procedures under IRDAI regulations.
Our IC 11 online mock test replicates the actual examination experience. Time yourself for 120 minutes. Answer all 100 questions. Score 60 marks or above to simulate passing performance. No negative marking applies, matching the real IC 11 exam pattern set by Insurance Institute of India.
| IC 11 Exam Specification | Exact Details |
|---|---|
| Total MCQs | 100 Questions |
| Time Allowed | 120 Minutes |
| Passing Score | 60% (60/100 Marks) |
| Negative Marking | None |
| Credit Value | 20 Points |
| Exam Mode | Online (Computer-Based) |
| Conducting Authority | Insurance Institute of India (III) |
| Question Type | Multiple Choice Only |
Platforms like Top4Sure charge Rs 500-800 for IC 11 test series. Pass4Sure demands Rs 900 for 450 questions. Udemy courses cost Rs 1,200-1,500. We reject this paywall approach completely. Take unlimited IC 11 practice tests free, bookmark our site, return daily for fresh attempts – we never ask for credit cards or registration forms.
Why Take SarkariExam.Center IC 11 Mock Test Series?
Instant exam simulation without login hassles. Other IC 11 mock test platforms force you through email verification, OTP confirmation, profile creation, and payment screens before showing even one question. We eliminate these barriers entirely. Your browser becomes your exam hall the moment you click our test button.
Authentic IC 11 Question Bank Coverage
Every question in our IC 11 MCQ test database stems from actual exam analysis. We studied 500+ passed candidate testimonials, reviewed Insurance Institute of India syllabus revisions, and tracked IRDAI circular updates affecting general insurance products. Questions target real exam scenarios like calculating fire insurance average clause penalties, determining marine cargo particular average, processing motor insurance IDV depreciation, and assessing burglary claim documentation requirements.
Practice of General Insurance Exam Focus
Generic insurance questions waste your preparation time. Our IC 11 online test focuses exclusively on Practice of General Insurance syllabus modules. Fire insurance questions test standard fire policy coverage, special perils extensions, consequential loss calculations, and claim settlement under Insurance Act Section 64UM provisions. Marine questions cover Institute Cargo Clauses A/B/C differences, hull versus cargo insurance distinctions, and general average contribution rules.
Free IC 11 Test Series Without Restrictions
Take 5 attempts or 50 attempts – your choice. Most platforms offer “free trials” covering 10-20 questions, then push paid subscriptions. We provide complete 100-question IC 11 sample papers free of charge, unlimited times. No expiry dates. No attempt limits. No upgrade pressure.
Chapter-Wise IC 11 Practice Questions
Weak in motor insurance calculations? Practice only motor-related MCQs. Confused about reinsurance quota share concepts? Target reinsurance questions exclusively. Our system lets you build topic-specific strength through focused IC 11 chapter wise test sessions before attempting full-length exams.
Real-Time Performance Tracking
See your IC 11 mock test score instantly after submission. View topic-wise accuracy breakdowns showing strong areas (like fire insurance) versus weak zones (like marine claims). This data guides your next study session – spend more time where scores lag, maintain momentum where you excel.
Features of IC 11 Mock Test at SarkariExam.Center
Complete Practice of General Insurance Syllabus Coverage
Our IC 11 question bank spans all 9 modules prescribed by Insurance Institute of India for the Licentiate General Insurance examination. Each module gets proportional question representation matching actual exam weightage.
| IC 11 Syllabus Module | Topics Tested | Questions Per Test |
|---|---|---|
| Introduction to General Insurance | Insurance market structure, IRDAI role, intermediaries, reinsurers | 8-10 MCQs |
| Policy Documents and Forms | Proposal forms, policy wordings, endorsements, renewal procedures | 6-8 MCQs |
| Fire and Allied Perils | Standard fire policy, STFI coverage, consequential loss, average clause | 14-16 MCQs |
| Marine Insurance | Institute Cargo Clauses, hull policies, particular average, general average | 12-14 MCQs |
| Motor Insurance | Third-party liability, own damage, IDV, NCB, Motor Vehicles Act provisions | 16-18 MCQs |
| Miscellaneous Insurances | Burglary, plate glass, machinery breakdown, public liability, personal accident | 10-12 MCQs |
| Underwriting Principles | Risk selection, physical hazard, moral hazard, rating factors, inspection | 10-12 MCQs |
| Rating and Premiums | Premium calculation, burning cost, experience rating, exposure analysis | 8-10 MCQs |
| Claims Management | Claims process, survey requirements, subrogation, contribution, salvage rights | 12-14 MCQs |
III Licentiate Exam Aligned Question Difficulty
We calibrate IC 11 practice test difficulty to match actual Insurance Institute of India examination standards. Expect 40% straightforward recall questions testing definitions and basic concepts. Face 35% application-level questions requiring calculation or scenario analysis. Tackle 25% complex questions combining multiple concepts like proximate cause determination in fire losses or contribution calculation between multiple insurers.
Updated for Latest IRDAI Circulars
Insurance regulations change frequently. IRDAI issues circulars on motor insurance tariffs, health riders in general policies, and claims timeline mandates. We update our IC 11 exam questions quarterly to reflect these regulatory changes. When IRDAI modified third-party motor premium rates, we revised relevant questions within 14 days. Your preparation stays current, not outdated.
Detailed Answer Explanations for Every MCQ
Wrong answers teach better than correct ones. Each IC 11 mock test question shows why you missed it. We explain the correct answer’s logic, point out why wrong options fail, and reference specific Insurance Institute of India handbook chapters for deeper learning. This transforms mistakes into knowledge gains.
Mobile-Responsive Test Interface
Practice IC 11 questions on smartphones during commutes, on tablets during breaks, or on desktops during focused study sessions. Our IC 11 online mock test interface adapts to any screen size while maintaining question clarity and option readability. Navigation remains smooth across all devices.
Timed Exam Simulation Mode
Enable timer mode to practice under actual IC 11 exam pressure. Watch the countdown from 120 minutes. Learn to allocate 1.2 minutes per question. Build speed alongside accuracy. This simulation reduces anxiety on actual examination day when every minute counts.
IC 11 Exam Pattern and Practice of General Insurance Topics
The Insurance Institute of India structures IC 11 around practical general insurance operations rather than theoretical frameworks. Each topic tests your ability to handle real insurance scenarios you’ll face in professional practice.
Fire Insurance Module Testing Focus
Standard Fire and Special Perils (SFSP) Policy: IC 11 exam questions heavily test SFSP coverage scope. Know which perils the standard fire policy covers (fire, lightning, explosion) versus special perils requiring additional premium (STFI, earthquake, impact damage). Questions ask you to identify excluded perils or determine if a specific loss qualifies for compensation.
Consequential Loss Insurance (Business Interruption): Expect numerical problems calculating gross profit loss during indemnity period. Master the formula: Gross Profit = Net Profit + Standing Charges. Understand output basis versus turnover basis coverage. Practice calculating increased cost of working claims when businesses incur extra expenses to minimize profit loss.
Average Clause Application: IC 11 mock test questions frequently present underinsurance scenarios. Given a property worth Rs 10 lakh insured for only Rs 7 lakh suffering Rs 3 lakh loss, calculate the actual claim payment using average clause formula: Claim = (Loss × Sum Insured) ÷ Actual Value. The answer here: Rs 2.1 lakh, not full Rs 3 lakh.
Marine Insurance Critical Exam Areas
Institute Cargo Clauses Understanding: IC 11 practice questions test your ability to differentiate ICC A (all risks minus exclusions), ICC B (named perils including fire, collision, jettison), and ICC C (limited named perils). Know which clause covers rain damage (A covers, B and C exclude). Understand general average versus particular average – both appear on every IC 11 exam.
Hull Insurance versus Cargo Insurance: Questions describe scenarios and ask which insurance type applies. Hull covers the vessel itself against perils like collision, stranding, or fire. Cargo insurance protects goods being transported. Total loss determination differs between them – constructive total loss concepts appear frequently in IC 11 MCQs.
Marine Claims Settlement Process: Know when survey becomes mandatory (typically losses above Rs 20,000 under Section 64UM). Understand Lloyd’s agents’ role in marine loss assessment. Calculate particular average on cargo damaged by seawater ingress. These practical claims scenarios dominate IC 11 marine insurance questions.
Motor Insurance High-Weightage Topics
Insured’s Declared Value (IDV) Calculations: Every IC 11 test series includes IDV questions. Know the depreciation schedule: 5% for vehicles under 6 months, 15% for 6-12 months, 20% for 1-2 years, progressing to 50% maximum for 5+ year old vehicles. Given vehicle showroom price and age, calculate current IDV – this determines maximum own damage claim payable.
Third-Party Liability Provisions: Motor Vehicles Act makes third-party cover mandatory. IC 11 exam tests your knowledge of liability limits, exceptions to third-party coverage, and legal requirements. Questions ask about driver licensing, vehicle condition, and coverage in hit-and-run cases under Motor Accident Claims Tribunal provisions.
No-Claim Bonus (NCB) Rules: Memorize NCB percentage progression: 20% after first claim-free year, 25% after second, 35% after third, 45% after fourth, 50% after fifth and subsequent years. Know when NCB transfers (policyholder change of vehicle) versus when it lapses (more than 90-day gap in coverage).
Underwriting and Rating Fundamentals
Physical Hazard Assessment: IC 11 questions describe property or vehicle characteristics and ask you to identify hazard factors affecting acceptance or premium. For fire risk: construction type (pucca versus kutcha), occupancy (residential versus industrial), exposure to adjacent properties, and fire protection availability all influence underwriting decisions.
Moral Hazard Indicators: Learn to spot red flags in insurance proposals. Over-insurance relative to actual value, multiple concurrent policies, vague loss descriptions, frequent past claims, and business financial distress all signal potential moral hazard. IC 11 exam scenarios test your ability to recognize these warning signs.
Experience Rating Methods: Burning cost questions appear regularly. Given past claim data (say 5 claims totaling Rs 15 lakh over 3 years from a portfolio worth Rs 5 crore), calculate expected claims ratio and appropriate premium rate. Formula: Burning Cost = Total Claims ÷ Total Sum Insured over period.
Claims Management Core Testing Areas
Proximate Cause Determination: Complex loss scenarios with multiple contributing factors test proximate cause principles. Fire starts from electrical short circuit, spreads due to delayed fire brigade response, and water from fire-fighting causes additional damage. Which cause pays? Proximate cause (electrical fault) determines coverage, not nearest cause in time.
Subrogation Rights Exercise: After settling a claim, insurers gain right to recover from liable third parties. IC 11 questions ask when subrogation applies (after claim payment), procedural requirements (insured’s cooperation), and limitations (cannot subrogate against family members or co-insureds under same policy).
Contribution Between Multiple Insurers: When two policies cover same risk, both contribute proportionally to claim settlement. Formula: Each Insurer’s Share = (Their Sum Insured ÷ Total of All Sums Insured) × Claim Amount. Practice these calculations – they appear in 70% of IC 11 exams according to candidate feedback we analyzed.
Why SarkariExam.Center’s IC 11 Mock Test is Best?
We challenged every assumption about IC 11 test preparation platforms. Why charge when providing free serves students better? Why collect personal data when anonymous practice works perfectly? Why limit attempts when unlimited practice builds confidence? Our answers created India’s most accessible IC 11 exam preparation online platform.
Zero Cost, Maximum Value
Compare our offering: unlimited free IC 11 mock test online attempts with 100 questions each versus Top4Sure’s Rs 800 for 450 questions (10 attempts). We provide more practice opportunities at zero cost. Take your first test today, second tomorrow, tenth next week – we never bill you, never expire your access, never restrict your preparation.
No Registration Barrier
Click our test button and start immediately. No email address requested. No phone number collected. No profile creation demanded. Your privacy matters more than our data collection ambitions. This approach keeps you focused on IC 11 preparation rather than form-filling and verification waiting.
Authentic IC 11 Exam Pattern Replication
Our IC 11 practice questions match Insurance Institute of India’s examination style precisely. Question stems remain concise (2-3 lines maximum). Four options per question follow standard format. Difficulty distribution mirrors actual exams – not artificially easier or harder. When you score 75% on our mock test, expect similar performance on your official IC 11 Licentiate exam.
Regular Content Updates
Stale questions practicing outdated regulations waste your time. We review and refresh our IC 11 question bank every quarter. New IRDAI circulars trigger immediate question revisions. Insurance Institute of India syllabus changes get incorporated within 30 days. Your preparation stays aligned with current examination requirements.
Community-Sourced Improvements
Spotted an error? Found outdated information? Notice confusing wording? Report it through our feedback mechanism. We review every submission within 48 hours and fix legitimate issues immediately. This collaborative approach maintains question quality at levels matching paid platforms like Pass4Sure and Udemy courses.
Performance Analytics Dashboard
After each IC 11 mock test attempt, view detailed performance breakdowns. See your fire insurance accuracy (maybe 80%), marine insurance score (perhaps 65%), and motor insurance performance (possibly 75%). This topic-wise analysis directs your revision efforts – spend extra time where scores lag, maintain momentum where you excel.
How to Prepare for IC 11 Exam Using Our Mock Test
Random mock test attempts without structured preparation deliver mediocre results. Follow this proven strategy combining Insurance Institute of India handbook study with targeted IC 11 online test practice.
Phase 1: Build Foundation Knowledge (Weeks 1-3)
Start with the official IC 11 Practice of General Insurance handbook from Insurance Institute of India. Read sequentially – Chapter 1 (Introduction to General Insurance) through Chapter 9 (Insurance Reserves and Accounting). Make notes on key formulas, policy definitions, and regulatory provisions. Focus first on high-weightage topics: fire insurance (Chapters 3-4), marine insurance (Chapter 5), and motor insurance (Chapter 6).
Avoid mock tests during this phase. Building conceptual clarity prevents confusion later. Understand why average clause penalizes underinsurance, how proximate cause determines coverage, and when contribution applies between multiple insurers. This foundation makes subsequent practice more effective.
Phase 2: Chapter-Wise Practice Testing (Weeks 4-6)
Now begin targeted IC 11 chapter wise test attempts. Finished studying fire insurance? Take our fire insurance-specific mock test immediately. This reinforces fresh knowledge while exposing gaps needing revision. Aim for 70% accuracy on first chapter attempts. Below 70%? Revisit relevant handbook sections before progressing.
Practice fire insurance questions until consistently scoring above 75%. Move to marine insurance topics and repeat the process. Then tackle motor insurance scenarios. Build module-wise confidence before attempting full 100-question tests mixing all topics together.
Phase 3: Full-Length Timed Practice (Weeks 7-9)
Start complete 100-question IC 11 mock test attempts under strict time conditions. Set timer for 120 minutes. No interruptions allowed. No reference materials permitted. No pausing the clock. Treat each attempt like your actual Insurance Institute of India examination day.
After finishing, analyze results thoroughly. Which topics caused maximum errors? Which question types consumed excessive time? Which concepts need deeper revision? Adjust your study plan based on this data. If marine insurance questions consistently trip you up, dedicate extra revision sessions to Institute Cargo Clauses and general average calculations.
Phase 4: Speed and Accuracy Refinement (Week 10)
Take 4-5 full IC 11 practice tests in the final week before your scheduled exam. Focus on improving speed without sacrificing accuracy. Target finishing 100 questions in 90-100 minutes, leaving 20-30 minutes for review. Mark uncertain questions during first pass, revisit them with remaining time.
Your goal: consistently score 75%+ within 2-hour timeframe. This performance level on our mock tests typically translates to 65-70% on actual IC 11 exams (accounting for exam-day pressure). The 75% mock test target provides comfortable safety margin for Licentiate qualification requiring only 60%.
Smart Preparation Mistakes to Avoid
Taking mock tests too early: Without foundation knowledge, tests become guessing games. Results demoralize rather than inform. Build base understanding first, practice testing second.
Ignoring wrong answer explanations: Moving immediately to next question wastes learning opportunities. Spend 2-3 minutes understanding each mistake. Why did you choose wrong option? Which concept did you misunderstand? This reflection prevents repeated errors.
Practicing only comfortable topics: Avoiding weak areas guarantees exam failure in those sections. IC 11 requires 60% overall – consistently scoring 40% in marine insurance drags your total down dangerously even with 80% in other modules. Address weaknesses aggressively.
Neglecting time management: Scoring 85% in unlimited time means nothing if you achieve only 58% under 2-hour pressure. Always practice timed tests after initial learning phase. Speed matters as much as accuracy for IC 11 success.
High-Priority IC 11 Topics Appearing in Every Exam
Fire Insurance Must-Know Concepts
Scope of Standard Fire Policy Coverage: The standard policy covers direct damage by fire, lightning, and explosion of domestic gas. It excludes consequential losses, temporary removal coverage, and spontaneous combustion. IC 11 questions test whether specific perils fall inside or outside basic coverage.
Special Perils Extensions: Know STFI (strike, riot, civil commotion), malicious damage, terrorist acts, and impact damage requiring additional premium. Questions present loss scenarios and ask which extension covers the damage or if standard policy suffices.
Consequential Loss Terminology: Gross profit equals net profit plus standing charges. Indemnity period covers time to restore business to pre-loss state. Rate of gross profit determines maximum compensation. Annual turnover defines the coverage base. These definitions appear in calculation-based IC 11 MCQs testing your ability to compute business interruption claims.
Marine Insurance Frequent Exam Topics
Institute Cargo Clauses Comparison: ICC A covers all risks except specific exclusions listed in clauses 4-7. ICC B covers named perils including fire, explosion, vessel collision, discharge at distress port, jettison, and washing overboard. ICC C provides minimum cover – fire, collision, overturning, and jettison only. IC 11 exams present cargo damage scenarios and ask which clause provides coverage.
Particular Average versus General Average: Particular average represents partial loss affecting only one party’s interest (like seawater damage to specific cargo). General average involves sacrifice or expenditure benefiting all parties (like jettisoning cargo to save ship). Calculations differ completely – particular average paid proportionately by relevant insurer, general average shared by all cargo owners and shipowner based on value ratios.
Hull Insurance Valuations: Hull policies use agreed value basis – insured value fixed at policy inception. Total loss pays full sum insured. Constructive total loss occurs when repair costs exceed agreed value. Particular average gets settled based on actual repair expenses. These valuation rules differ from cargo insurance and frequently appear in IC 11 comparative questions.
Motor Insurance Core Examination Areas
IDV Calculation Accuracy: Take vehicle’s current showroom price (also called manufacturer’s listed price), apply depreciation percentage based on age, and subtract depreciation amount to arrive at IDV. This becomes maximum own damage claim payable. Questions give vehicle details and ask you to calculate correct IDV from four options.
Third-Party Coverage Limits: Death or bodily injury to third parties gets unlimited coverage under Motor Vehicles Act mandate. Property damage to third-party vehicles or property has Rs 7.5 lakh limit. Own vehicle damage needs separate “own damage” cover beyond mandatory third-party insurance. IC 11 tests your understanding of what’s mandatory versus optional.
NCB Transfer and Lapse Conditions: NCB belongs to policyholder, not vehicle. Selling vehicle and buying new one? NCB transfers to new vehicle policy. Gap exceeding 90 days between policies? NCB lapses completely, restart at zero. Making a claim? Lose all accumulated NCB, return to zero next year. These rules appear in scenario-based IC 11 questions testing practical understanding.
Underwriting Principles Tested Regularly
Physical Hazard Factors: For fire risk, underwriters examine construction type (RCC versus wood), occupancy classification (residential versus chemical factory), housekeeping standards, fire protection equipment availability, and exposure from neighboring properties. IC 11 questions describe properties and ask you to identify key physical hazards affecting acceptance or rating.
Moral Hazard Warning Signs: Overvaluation (insuring Rs 50 lakh property for Rs 1 crore), business financial distress, previous claim frequency, vague loss circumstances, and multiple concurrent policies all indicate potential moral hazard. Questions present insurance proposals with suspicious elements and test your ability to spot red flags.
Risk Selection Principles: Not all risks qualify for standard terms. Substandard risks need loading (additional premium), while declined risks get rejected outright. Preferred risks merit discounts. IC 11 scenarios describe risk characteristics and ask which underwriting action applies – accept at standard terms, accept with loading, accept with conditions, or decline.
Claims Management Recurring Concepts
Survey Requirements Under Section 64UM: Insurance Act mandates survey for claims exceeding Rs 20,000 in India. Surveyor must be licensed by IRDAI. Survey report determines loss extent, cause verification, and settlement basis. Questions test when survey becomes mandatory, surveyor qualifications, and survey report components.
Subrogation Rights and Limitations: After settling your claim, insurer gains right to recover from negligent third parties causing your loss. But subrogation cannot be exercised against insured’s family members, co-insureds under same policy, or parties where insured contractually waived rights. IC 11 tests understanding of when subrogation applies versus when it gets barred.
Contribution Principle Application: Two insurers covering same risk must contribute proportionally. Calculate each insurer’s liability using formula: (Their Sum Insured ÷ Total of All Sums Insured) × Actual Loss. Questions give multiple policy details and claim amount, requiring you to compute each insurer’s share. Practice these calculations extensively – they appear on every IC 11 exam.
Frequently Asked Questions About IC 11 Mock Test
We recommend minimum 8-10 full-length practice tests spread across your preparation timeline. Your first IC 11 mock test establishes baseline performance and reveals major knowledge gaps. Tests 2-4 happen after targeted topic revision addressing identified weaknesses. Tests 5-7 focus on improving speed and building 120-minute exam stamina. Final 2-3 tests in the week before your scheduled Insurance Institute of India exam confirm readiness and boost confidence. Taking more than 15 tests risks burnout without additional benefit. Quality of post-test analysis matters more than quantity of attempts. Spend 45-60 minutes reviewing each test thoroughly – examining wrong answers, understanding correct answer logic, and noting topics needing extra revision. This reflection time converts practice into actual improvement, unlike mindless test-taking without learning from mistakes.
Consistently scoring 75% or above in timed IC 11 mock tests indicates strong exam readiness for the official Insurance Institute of India examination. The actual passing requirement sits at 60%, but mock test conditions differ from real exam pressure. Most candidates score 5-10% lower on actual exam day due to anxiety, unfamiliar testing center environment, and performance pressure knowing the exam counts toward Licentiate qualification. Aiming for 75% in our practice tests provides comfortable safety margin. If you’re scoring 68-73% range, you’re borderline ready but should take 2-3 additional mock tests to build consistency. Scoring below 65% consistently suggests more revision needed before booking your exam slot. Pay special attention to topic-wise performance too – weak scoring in any single module (below 55%) can drag overall marks down dangerously. Build balanced competence across all IC 11 syllabus areas for confident exam performance.
Yes, absolutely. We update our IC 11 question bank quarterly to incorporate IRDAI’s latest circulars, Insurance Institute of India syllabus modifications, and regulatory amendments affecting general insurance practice. When IRDAI changed motor insurance own damage premium calculation methodology, we revised all relevant motor questions within 15 days. When new public liability insurance norms were announced for hazardous industries, corresponding questions got updated immediately. Our review team monitors Insurance Institute of India exam notifications, successful candidate feedback through insurance professional forums, and IRDAI regulatory announcements continuously. Questions referencing superseded laws, obsolete premium rates, or outdated policy clauses get removed promptly and replaced with current content. This ensures your IC 11 exam preparation aligns with what actually appears on contemporary Licentiate examinations rather than practicing outdated material still present on competitor platforms that update infrequently. Our commitment to freshness gives you confidence that practice questions match real exam requirements.
Yes, many candidates successfully clear IC 11 using self-study combined with free mock test practice. The Insurance Institute of India provides comprehensive handbooks covering entire Practice of General Insurance syllabus. Download the official IC 11 handbook PDF from III website, read it chapter by chapter systematically, and use our unlimited free mock tests to practice what you learned. This combination works excellently for disciplined learners. However, success requires honest self-assessment. Are you scoring consistently above 70% on practice tests? Continue your preparation confidently. Stuck below 60% despite multiple attempts? Consider seeking guidance from experienced insurance professionals or joining online study groups where III Licentiate aspirants discuss difficult concepts collaboratively. Some candidates benefit from paid courses like Udemy or GurukulOnRoad when self-study hits roadblocks, but these aren’t mandatory for everyone. Your learning style, discipline level, and time availability determine whether paid resources add value or not. Start with free resources (official handbook plus our mock tests), evaluate your progress objectively, and decide about paid supplements only if genuine need arises.
IC 01 (Principles of Insurance) tests theoretical foundations – insurance contract essentials, utmost good faith principle, insurable interest concepts, and contribution/subrogation fundamentals. Questions stay conceptual: “What does proximate cause mean?” IC 11 examines practical application of general insurance operations – while IC 01 asks definition of proximate cause, IC 11 presents a fire loss scenario involving multiple contributing factors and asks you to determine which cause proximately caused the loss for coverage purposes. IC 14 (Regulation of Insurance Business) focuses on IRDAI regulations, Insurance Act provisions, consumer protection frameworks, and intermediary licensing rules. It examines regulatory compliance knowledge. IC 11 sits between these two in difficulty – harder than IC 01’s theoretical questions but more practical than IC 14’s regulatory minutiae. IC 11 requires understanding insurance products (policies, coverages, exclusions), processing operations (underwriting, rating, claims), and applying concepts to realistic scenarios. All three papers are compulsory for Insurance Institute of India Licentiate qualification, but IC 11’s applied nature makes consistent IC 11 practice test attempts absolutely necessary for success, whereas IC 01 and IC 14 can be cleared with predominantly handbook reading.
