The IC 11 mock test covers 100 MCQs from the Practice of General Insurance paper under the III Licentiate Examination by the Insurance Institute of India (III). You need 60 marks out of 100 to pass. No negative marking applies. Start your free IC 11 practice test below and get an instant score.
If you have been searching for IC 11 practice questions with answers, IC 11 previous year MCQ patterns, or IC 11 chapter wise questions to avoid failing the Licentiate exam, this page gives you everything in one place. Candidates who feel IC 11 is tough or fear running out of time in the 120-minute paper will find the timed mock test below the most effective last-minute preparation tool available.
IC 11 Exam Pattern for Practice of General Insurance
The IC 11 exam has 100 multiple choice questions, a 120-minute time limit, and a 60% passing threshold. The Insurance Institute of India conducts this paper under the III Licentiate Examination for general insurance professionals, agents, and recruits.
| Exam Parameter | IC 11 Details |
|---|---|
| Exam Name | IC 11 Practice of General Insurance |
| Conducting Body | Insurance Institute of India (III) |
| Exam Category | III Licentiate Examination |
| Total Questions | 100 MCQs |
| Maximum Marks | 100 |
| Duration | 120 Minutes (2 Hours) |
| Passing Marks | 60 out of 100 |
| Negative Marking | None |
| Question Type | Multiple Choice (Single Correct Answer) |
| Exam Mode | Online proctored or test centre based |
| Exam Language | English |
| Keyboard Usage | Not allowed. Mouse only. |
Candidates who appear for IC 11 get 10 minutes of grace time in case of internet or power failure during the exam. Registration happens through the official IRDAI portal, where III creates a unique reference number for each candidate.
IC 11 Syllabus – All 9 Chapters for Practice of General Insurance
IC 11 covers 9 chapters aligned to the official Insurance Institute of India Licentiate syllabus. Each chapter maps directly to the MCQs in both the mock test and the actual exam. Practising chapter-wise identifies weak areas before your exam date.
- Chapter 1: Introduction to General Insurance covers the nature of insurance, types of general insurance products, the domestic and international insurance market, and the role of IRDAI in regulation. IC 11 free online practice test questions from this chapter test the foundational principles: insurable interest (the insured must have a financial stake in the subject matter), utmost good faith (both parties must disclose all material facts), indemnity, proximate cause, and contribution. Know how each principle applies specifically to general insurance versus life insurance.
- Chapter 2: Policy Documents and Forms covers proposal forms, cover notes, certificates of insurance, endorsements, renewal notices, and the legal structure of a general insurance policy.
- Chapter 3: General Insurance Products Part 1 covers fire insurance, marine cargo insurance, marine hull insurance, Institute Cargo Clauses A, B and C, and inland transit clauses.
- Chapter 4: General Insurance Products Part 2 covers motor insurance, third-party liability under the Motor Vehicles Act, own damage cover, personal accident insurance, public liability, and specialty insurance products.
- Chapter 5: General Insurance Products Part 3 covers engineering insurance such as contractor’s all risk (CAR) policy, erection all risk (EAR) policy, machine breakdown insurance, and other specialty covers.
- Chapter 6: Underwriting covers risk assessment, proposal evaluation, co-insurance, reinsurance, anti-selection, moral hazard, and the underwriter’s role in pricing and accepting general insurance risks.
- Chapter 7: Ratings and Premiums covers premium calculation methods, the burning cost method, tariff rates, non-tariff rates, loading for special risks, discounts, declaration policies, and long-term policy pricing.
- Chapter 8: Claims covers the full claims cycle from first notice of loss (FNOL) to settlement, the role of the surveyor and loss assessor under IRDAI, subrogation, contribution, salvage, and IRDAI’s settlement timelines.
- Chapter 9: Insurance Reserves and Accounting covers IBNR reserves, unearned premium reserves, loss reserves, solvency margin, reinsurance accounting, and financial reporting norms for general insurance companies.
IC 11 Chapter-Wise Weightage and Question Distribution
Chapters 3, 4, 6, and 8 carry the highest combined weightage in the IC 11 exam, typically accounting for 55 to 65 MCQs together. Focus your IC 11 mock test practice on these four chapters first to clear the 60-mark threshold faster.
| Chapter | Topic | Estimated MCQs | Priority |
|---|---|---|---|
| Ch 1 | Introduction to General Insurance | 8 to 10 | Medium |
| Ch 2 | Policy Documents and Forms | 8 to 10 | Medium |
| Ch 3 | Fire Insurance and Marine Insurance | 14 to 18 | High |
| Ch 4 | Motor, Liability, Personal Accident and Specialty | 14 to 18 | High |
| Ch 5 | Engineering and Other Insurances | 8 to 10 | Medium |
| Ch 6 | Underwriting | 10 to 14 | High |
| Ch 7 | Ratings and Premiums | 8 to 12 | Medium-High |
| Ch 8 | Claims | 10 to 14 | High |
| Ch 9 | Insurance Reserves and Accounting | 6 to 8 | Low-Medium |
IC 11 Mock Test Topics That Appear Most in the Actual Exam
Based on actual III Licentiate IC 11 question patterns, 8 specific topic areas repeat across most exam attempts. Practising these in the IC 11 mock test improves accuracy and reduces time spent on uncertain MCQs.
Fire Insurance MCQs in IC 11
Standard Fire and Special Perils Policy questions dominate Chapter 3 of the IC 11 mock test. Questions test reinstatement value versus market value, consequential loss exclusion, escalation clause, and the difference between material damage cover and loss of profit (business interruption) cover. Know that fire insurance policies in India follow a tariff structure under the Tariff Advisory Committee (TAC) framework, though detariffing has since shifted pricing responsibility to individual insurers.
Specific MCQ topics from fire insurance include:
- Definition of fire under the Standard Fire Policy and what constitutes spontaneous combustion
- Calculation of claim under average clause when sum insured is less than actual value
- Perils covered and perils excluded under the SFSP policy
- Floater policy versus specific policy in fire insurance
- Declaration policy and pro-rata adjustment of premium based on monthly declarations
Marine Insurance MCQs in IC 11
Institute Cargo Clauses A, B, and C are the most tested marine insurance topics in the IC 11 mock test. Clause A gives all-risks cover. Clause B and Clause C provide named-perils cover with decreasing scope. Questions also test the Marine Insurance Act 1963, types of marine loss, and average calculations.
General average under the York-Antwerp Rules is one of the most frequently tested marine concepts in IC 11 practice questions. Under York-Antwerp Rules, all parties sharing an ocean voyage contribute proportionally to a loss voluntarily incurred to save the voyage. Particular average, by contrast, falls on the individual owner of the damaged goods only. The Marine Insurance Act 1963 governs marine insurance contracts in India and defines insurable interest, the duty of disclosure, and the rights of the insurer on total loss.
High-frequency marine insurance MCQ topics include:
- Difference between particular average and general average, and when York-Antwerp Rules apply
- Actual total loss versus constructive total loss in marine cargo claims
- Survey requirements: captain’s protest, surveyor’s report, and letter of subrogation
- Inland transit clauses and their application to road and rail cargo
- Valued policy versus unvalued policy in marine hull insurance
Motor Insurance and Third-Party Liability MCQs
Motor Vehicles Act provisions, compulsory third-party (CTP) cover, and constructive total loss definitions form the largest MCQ cluster in Chapter 4 of the IC 11 exam. The Motor Third Party Insurance Pool was created by IRDAI to spread the financial burden of commercial vehicle TP claims across all general insurers. IRDAI sets third-party premium rates annually through a gazette notification, meaning insurers cannot price TP cover independently. The no-claim bonus (NCB) is a discount on own damage premium given when no claim is made during the previous policy year. NCB starts at 20% after 1 claim-free year and rises to a maximum of 50% after 5 consecutive claim-free years.
Key motor insurance MCQ areas in the IC 11 mock test include:
- Certificate of Insurance as the only valid proof accepted by police and RTO authorities
- Who pays for third-party injury when the insured vehicle causes the accident
- Claim payment under Own Damage when the vehicle is a constructive total loss (CTL)
- Personal accident cover for owner-driver versus passenger cover under motor policy
- No-claim bonus (NCB) rules, slabs, and retention on policy transfer
- Long-term two-wheeler and private car policies introduced by IRDAI
Underwriting Practice MCQs
The IC 11 underwriting chapter tests risk selection, the burning cost method, anti-selection, and the insurer’s use of reinsurance at two levels: risk level and portfolio level. A common exam question asks at which level the underwriter works when placing reinsurance cover.
Underwriting topics that appear frequently in IC 11 mock tests include:
- Proposal form scrutiny and when an underwriter rejects or loads a risk
- Co-insurance requirements and lead insurer responsibilities in large risks
- Facultative reinsurance versus treaty reinsurance arrangements
- Moral hazard, physical hazard, and their effect on underwriting decisions
- Burning cost method: when to use it, how to calculate it, and its limitations
Claims MCQs: Subrogation, Contribution, and Salvage
Subrogation and contribution are the two most misunderstood indemnity principles tested in IC 11 claims MCQs. Subrogation transfers the insured’s rights against a third party to the insurer after claim payment. Contribution applies when two or more policies cover the same risk and the same interest.
Do not confuse these two. Subrogation does not apply when there is no third-party liability. Contribution applies only when the policies cover the same subject matter, same interest, and same peril.
The Insurance Ombudsman handles complaints from retail policyholders against insurers for claim rejections, delays, and disputes up to Rs. 30 lakh in value. IC 11 mock test questions ask candidates to identify which forum a policyholder approaches first: the insurer’s grievance cell, then the Insurance Ombudsman, and finally the Consumer Protection Act forums such as the District Consumer Disputes Redressal Commission. Know this exact escalation path because IC 11 previous year MCQs have tested it as a sequence question.
Other high-frequency claims MCQ topics include:
- IRDAI claim settlement timeline: 30 days for non-survey claims, 45 days after survey report submission
- Appointment of surveyor mandatory when the claim exceeds Rs. 50,000 in value
- Recoverable salvage versus abandoned salvage in fire and marine claims
- Cashless claim settlement under motor insurance through IRDAI-approved garage networks
Personal Accident and Liability Insurance MCQs
Personal accident (PA) insurance questions in IC 11 test the 4 standard benefits: accidental death, permanent total disablement, permanent partial disablement, and temporary total disablement. Know the percentage payouts for specific disablements like loss of one limb versus two limbs.
Public liability under the Public Liability Insurance Act 1991 is also tested. Know that this Act makes it compulsory for owners handling hazardous substances to hold public liability insurance. The Consumer Protection Act provisions for insurance complaints appear in both Chapter 2 and Chapter 4 MCQs.
Engineering Insurance MCQs
Contractor’s All Risk (CAR) policy and Erection All Risk (EAR) policy are the two most tested engineering insurance products in Chapter 5 of the IC 11 exam. CAR covers civil construction projects. EAR covers mechanical and electrical equipment installation.
Know the key difference: CAR policy covers damage to the contract works, third-party liability, and plant and machinery used at the site. Machine Breakdown Insurance covers sudden and unforeseen mechanical or electrical breakdown of operating machinery, excluding wear and tear.
Premium Calculation and Declaration Policy MCQs
The declaration policy premium refund calculation is a recurring numerical MCQ in the IC 11 exam. The formula adjusts the final premium based on actual monthly stock declarations compared to the sum insured. Practise this calculation in IC 11 mock tests to handle it without hesitation in the exam.
Other rating and premium MCQ topics include:
- Long-term policy discount rules for personal accident and burglary policies
- Loading for special hazards and when a risk is rated above the tariff base rate
- Returnable versus non-returnable premium in short-period policies
- Short-period rate table and pro-rata calculations for mid-term cancellations
Common Mistakes Candidates Make in the IC 11 Exam
Most IC 11 exam failures happen due to 5 predictable errors that regular mock test practice eliminates. Knowing these before your exam prevents unnecessary mark loss.
Mixing Subrogation with Contribution
Subrogation gives the insurer the insured’s rights against a third party after paying the claim. Contribution divides a claim payment between two or more insurers covering the same risk. The IC 11 mock test includes scenario-based MCQs where both principles seem applicable. Apply subrogation when a third party caused the loss. Apply contribution when multiple policies exist on the same risk.
Confusing Own Damage and Third-Party Cover in Motor Insurance
Third-party (TP) cover is compulsory under the Motor Vehicles Act and covers injury or death to third parties and third-party property damage. Own Damage (OD) cover is optional and protects the insured vehicle. Candidates frequently misattribute claim payments between TP and OD sections.
Getting the IRDAI Claim Settlement Timeline Wrong
IRDAI mandates claim settlement within 30 days when no survey is required. When a surveyor is appointed, settlement must happen within 45 days after the survey report. Many candidates reverse these two timelines in the exam.
Treating PA Cover as Life Insurance
Personal accident insurance is a general insurance product, not life insurance, even though it pays for death. It only covers accidental death and disability. Natural death, illness, and pre-existing conditions fall outside PA policy coverage. Questions testing this distinction appear regularly in Chapter 4 MCQs.
Misidentifying the Certificate of Insurance in Motor Claims
The Certificate of Insurance is the only document accepted by police and RTO as proof of valid motor insurance, not the policy schedule or the cover note. One IC 11 question directly asks candidates to identify this document. Candidates who confuse it with the policy document lose a guaranteed mark.
How to Score Above 60 Marks in IC 11 Using This Mock Test
Candidates who attempt 3 or more full-length IC 11 mock tests before the exam consistently score between 65 and 80 marks. Follow this 5-step approach to convert mock test practice into actual exam marks.
- Attempt the Full IC 11 Mock Test Without Preparation First
Take the complete 100-question mock test without studying to identify your actual starting point. Mark every question where you guessed. Your baseline score shows exactly which chapters need the most work.
- Study Only the Chapters Where You Scored Below 50 Percent
Use the official III Licentiate IC 11 handbook for the chapters you scored lowest on. Focus your reading on fire insurance principles, motor third-party liability, underwriting decisions, and claims settlement process. Read the IRDAI regulations referenced in Chapters 2 and 4.
- Attempt Chapter-Wise Practice Tests for High-Weightage Chapters
Practice Chapter 3 (fire and marine), Chapter 4 (motor and PA), Chapter 6 (underwriting), and Chapter 8 (claims) in isolation. This targeted approach improves accuracy on the 55 to 65 marks these chapters carry.
- Take 2 More Timed Full-Length IC 11 Mock Tests
Attempt 2 more complete tests under exam conditions: 100 questions, 120 minutes, no pausing. Track your time per question. Most candidates should target completing each question in under 72 seconds to finish the paper comfortably.
- Do a Final Rapid Revision of 8 Key Concepts Only
On the day before the exam, review only these 8 concepts: subrogation versus contribution, IRDAI claim timelines, Institute Cargo Clauses A/B/C, Certificate of Insurance in motor claims, constructive total loss definition, burning cost method, declaration policy premium formula, and PA benefit percentages for disablement. These alone cover 15 to 20 predictable MCQs.
Who Needs to Pass IC 11 Practice of General Insurance?
IC 11 is a mandatory paper for anyone seeking the III Licentiate qualification in non-life insurance. The Insurance Institute of India requires this paper alongside IC 01 (Principles of Insurance) for Licentiate certification in general insurance.
The following professionals must clear IC 11:
- General insurance agents applying for or renewing their IRDAI agent licence
- Sub-agents working under corporate agents or insurance marketing firms (IMFs)
- Recruits joining PSU insurers such as New India Assurance, Oriental Insurance, National Insurance Company, and United India Insurance
- Employees of private general insurers like HDFC ERGO, Bajaj Allianz General, ICICI Lombard, and Reliance General Insurance entering operations, underwriting, or claims roles
- Insurance brokers and their employees who handle general insurance lines
- Motor insurance surveyors and loss assessors seeking regulatory certification from IRDAI
- Third-party administrators (TPAs) handling motor and health claim settlements
- Commerce, finance, and management graduates targeting entry-level BFSI roles in non-life insurance
The minimum eligibility to appear for the IC 11 Licentiate exam is 10th standard pass with 50 hours of practical training from an IRDAI-authorised institution. Renewal candidates need 25 hours of refresher training before re-attempting the exam.
IC 11 Mock Test vs Actual Exam: Key Differences to Know
The real IC 11 exam uses a mouse-only interface with no keyboard input allowed. No pen, paper, or rough work sheet is permitted inside the exam hall. Practising on this free IC 11 online mock test prepares you for the scrolling, clicking, and time management of the actual online exam format.
Additional exam-day rules candidates must follow:
- Carry a valid original photo identity proof such as Aadhaar card, PAN card, or passport
- Report to the test centre or log in to the online proctored session 30 minutes before start time
- No mobile phones, smart watches, or electronic devices are permitted inside the exam area
- Claim the 10-minute grace time immediately if an internet or power disruption occurs during the test
Frequently Asked Questions About IC 11 Mock Test
The IC 11 exam has exactly 100 multiple choice questions. Each question carries 1 mark. The total exam duration is 120 minutes. This IC 11 mock test replicates the same 100-question, 120-minute format so you get real-feel preparation before your III Licentiate exam date.
No, there is zero negative marking in the IC 11 Licentiate exam. Attempt all 100 questions without fear of mark deduction for wrong answers. When unsure, eliminate 2 clearly wrong options first. Then pick between the remaining 2. This method adds 8 to 12 marks to most candidates’ final scores.
Chapters 3, 4, 6, and 8 carry approximately 55 to 65 combined marks in the IC 11 general insurance exam. Chapter 3 covers fire and marine insurance. Chapter 4 covers motor and personal accident insurance. Chapter 6 covers underwriting. Chapter 8 covers claims. Focus your IC 11 mock test practice on these 4 chapters before revising the remaining 5.
Mock test practice alone is not enough, but it shortens your pass timeline significantly. Use the official III Licentiate IC 11 handbook for concept learning first. Then attempt IC 11 mock tests to check retention and apply concepts to MCQ-format questions. Candidates who combine handbook reading with 3 or more full-length mock tests pass on their first attempt at a rate far higher than those who only read without practising.
Most candidates clear IC 11 with 3 to 4 weeks of focused preparation, spending 1 to 2 hours daily. Week 1 covers Chapters 1, 2, and 3. Week 2 covers Chapters 4, 5, and 6. Week 3 covers Chapters 7, 8, and 9. Week 4 is reserved for full-length IC 11 mock test attempts, weak chapter revision, and final concept review.
IC 01 covers the Principles of Insurance applicable to both life and general insurance, such as insurable interest, utmost good faith, proximate cause, indemnity, contribution, and subrogation. IC 11 covers the Practice of General Insurance specifically, including fire, marine, motor, engineering, underwriting, ratings, claims, and accounting topics. Both papers are required for the III Licentiate qualification in non-life insurance.
