The IC22 Mock Test on SarkariExam.Center gives you 100 free MCQs in the exact Insurance Institute of India pattern, chapter-wise, timed, with instant scoring and zero negative marking. This IC22 Life Insurance Underwriting practice test helps LIC employees, private insurance professionals, and AIII aspirants pass the III Associateship exam in their first attempt. No registration needed. Start below.
IC22 Life Insurance Underwriting Exam: Pattern and Key Facts
The IC22 exam has 100 multiple choice questions, runs for 2 hours, and requires 60 marks to pass. The Insurance Institute of India (III) conducts this paper four times per year as a 30-credit compulsory paper for the AIII Associateship designation. No negative marking applies, so every question must be attempted.
| Exam Detail | IC22 Specification |
|---|---|
| Conducting Body | Insurance Institute of India (III), Mumbai |
| Paper Code and Name | IC22: Life Insurance Underwriting |
| Exam Track | III Associateship (AIII designation) |
| Credit Points | 30 credits (compulsory paper) |
| Total Questions | 100 MCQs, 4 options each |
| Duration | 2 hours (120 minutes) |
| Negative Marking | None. Attempt every question. |
| Passing Marks | 60 out of 100 (60 percent) |
| Exam Mode | Online MCQ, proctored or in-centre |
| Frequency per Year | 4 exam windows annually |
| Average Time per Question | 72 seconds |
| Regulated by | IRDAI (Insurance Regulatory and Development Authority of India) |
Two IC22 Question Types That Determine Your Score
The IC22 Life Insurance Underwriting exam tests two distinct question types, and failing to recognise them is the top reason candidates score below 60.
- Direct recall questions: test specific facts, definitions, and terminology from the IC22 syllabus, such as the name of the outermost covering of the heart (pericardium) or the medical term for double vision (diplopia). Chapter-by-chapter reading builds these answers.
- Scenario-based underwriting decision questions: present a proposer’s full medical or financial profile and ask you to choose the correct underwriting decision among standard, substandard, lien, postpone, or decline. Applied mock test practice builds these skills, not passive reading.
This IC22 mock test trains you on both question types in equal proportion across all 15 chapters. Candidates who practise only recall questions consistently fail scenario questions in the actual III exam.
IC22 Syllabus: All 15 Chapters with Question Weightage
All 15 IC22 Life Insurance Underwriting chapters are covered in this mock test, with question count estimates from actual exam session feedback. Use the weightage column to decide how many study hours to allocate per chapter.
| Chapter | Title | Est. Questions | Must-Know Subtopics |
|---|---|---|---|
| Ch. 1 | Life Underwriting: Principles and Concepts Part 1 | 6 to 9 | Insurable interest, moral hazard, policy dating back up to 6 months, standard vs substandard selection |
| Ch. 2 | Life Underwriting: Principles and Concepts Part 2 | 5 to 8 | Non-medical underwriting limits, age proof types, lien mechanics, extra mortality rating (EMR) per 1000 sum assured |
| Ch. 3 | Underwriting: Process and Structure | 4 to 7 | Risk classification system, build chart (height-to-weight), medical examination categories A to D, underwriting decision flow |
| Ch. 4 | Financial Underwriting | 8 to 12 | Human Life Value (HLV) calculation, key person insurance, Married Women Property Act (MWP Act), Hindu Undivided Family (HUF) insurance, insurable interest in business |
| Ch. 5 | Occupational, Avocational and Residential Risks | 4 to 7 | Occupational risk Class A, B, C, D classification, hazardous hobby premium rating, residential risk factors, extra premium loading method |
| Ch. 6 | Reinsurance | 4 to 6 | Facultative vs treaty reinsurance, proportional types such as quota share and surplus, non-proportional types such as excess of loss and stop loss, retrocession |
| Ch. 7 | Blood Disorders | 4 to 6 | Haemophilia types, anaemia grading, leukaemia, idiopathic thrombocytopenic purpura (ITP), lymphoma underwriting decisions |
| Ch. 8 | Nervous System | 5 to 8 | Epilepsy underwriting by seizure type, stroke subtypes, Parkinson’s disease progression, subarachnoid haemorrhage underwriting decision |
| Ch. 9 | Diabetes Mellitus | 5 to 8 | Type 1 vs Type 2 diabetes, HbA1c interpretation for underwriting, age at onset impact, underwriting diabetics with and without complications |
| Ch. 10 | Thyroid Diseases | 3 to 5 | Hypothyroidism vs hyperthyroidism, Graves disease, goitre types, underwriting controlled vs uncontrolled thyroid cases |
| Ch. 11 | Urinary System | 4 to 6 | Proteinuria causes, haematuria grading, low albumin and glomerular filtration, polycystic kidney disease, diabetic nephropathy progression |
| Ch. 12 | Respiratory System | 4 to 6 | Asthma severity grading, COPD staging, tuberculosis underwriting policy, dyspnea definition and grading |
| Ch. 13 | Gastrointestinal (Digestive) System | 5 to 8 | IBD vs IBS underwriting decision difference, portal hypertension, liver function tests, hepatitis B vs hepatitis E chronicity, cirrhosis stages |
| Ch. 14 | Cardiovascular System | 10 to 14 | CAD, IHD, hypertension complications, pericardium anatomy, pulmonary artery function, myocardial perfusion scan, coronary CT angiography, valvular heart disease decisions |
| Ch. 15 | Special Senses: Eyes, Ears and Nose | 3 to 5 | Paranasal sinuses, diplopia definition, sclera anatomy, glaucoma types, diabetic retinopathy, blindness and deafness underwriting |
Chapters 4, 8, 9, 13, and 14 together account for 35 to 50 questions out of the 100 in the IC22 exam. Start every IC22 preparation session with these five chapters before moving to others.
IC22 Core Concepts Tested in Every Exam Window
Moral Hazard and Insurable Interest in Life Underwriting
Moral hazard in IC22 refers to risk arising from the proposer’s character, habits, or intent, not from any medical condition. Examples of moral hazard include a proposer with a history of insurance fraud, a lifestyle involving dangerous or reckless activity, or a suspicious beneficiary arrangement. Insurable interest requires the policyholder to suffer a financial loss on the insured person’s death. Both concepts appear in direct recall and scenario-based question types in every IC22 exam session.
Non-Medical Underwriting and the Build Chart
Non-medical underwriting processes life insurance proposals without requiring a medical examination, based on age, sum assured, and occupational risk class. The build chart is a reference table that maps height-to-weight ratios to underwriting risk categories. Applicants outside the acceptable build chart range trigger medical examination requirements. Extra mortality rating (EMR) applies when a proposer’s risk exceeds the standard rate and is charged as an additional amount per 1000 sum assured.
Lien vs Extra Mortality Rating: The IC22 Difference
Both lien and extra mortality rating (EMR) allow the III-registered insurer to accept substandard lives, but they apply differently. A lien reduces the death benefit payable during the early policy years until the proposer’s risk level stabilises. Extra mortality rating charges an additional premium per 1000 sum assured across the full policy term. IC22 scenario questions present a proposer profile and require you to choose between these two options or between standard acceptance and decline.
Dating Back of Policy: A Frequently Missed IC22 Topic
Dating back of policy sets the policy commencement date earlier than the actual acceptance date, giving the proposer a lower age bracket for premium calculation. The Insurance Institute of India permits dating back by up to 6 months from the date of acceptance. This concept appears in IC22 financial underwriting questions and is absent from almost every free study resource available online.
Financial Underwriting: HLV, MWP Act, HUF, and Key Person Insurance
Financial underwriting in IC22 tests four distinct concepts that carry 8 to 12 questions per exam session.
- Human Life Value (HLV): present value of all future income the insured person would earn. HLV forms the financial basis for determining the maximum insurable sum assured.
- Key Person Insurance: a life policy taken by a business on an employee whose absence would directly cause financial loss to the organisation. Policy proceeds go to the business, not the employee’s family.
- Married Women Property Act (MWP Act): allows a life insurance policy to be held as a statutory trust for the wife and children. Policy proceeds cannot be attached by creditors of the policyholder.
- Hindu Undivided Family (HUF) Insurance: a life policy on the Karta of an HUF for the financial benefit of all HUF members. The Karta must have insurable interest over the HUF assets.
Occupational Risk Classes A to D in IC22
IC22 classifies every proposer’s occupation into one of four risk classes, from Class A (lowest hazard) to Class D (highest hazard), to determine premium loading. Class A covers desk-based and administrative professions like teachers, accountants, and clerks. Class B covers moderate physical work like drivers and retail staff. A Class C covers heavy industrial work like factory floor operators and construction supervisors. Class D covers extremely hazardous occupations like underground miners, explosives handlers, and deep-sea divers. Exam questions give an occupation and ask you to classify it or select the correct underwriting decision.
Reinsurance in IC22: Facultative, Treaty, Proportional, Non-Proportional, and Retrocession
IC22 Chapter 6 tests five reinsurance concepts that carry 4 to 6 marks and are skipped by most candidates.
- Facultative reinsurance: the insurer approaches the reinsurer for each individual high-risk policy on a case-by-case basis
- Treaty reinsurance: a standing agreement where the reinsurer automatically accepts all policies in a defined category without individual negotiation
- Proportional reinsurance: the insurer and reinsurer share premium and claims in a fixed proportion. Types include quota share, where a fixed percentage of every policy is ceded, and surplus, where only the amount above the insurer’s retention limit is ceded.
- Non-proportional reinsurance: the reinsurer only pays when claims exceed a defined threshold. Types include excess of loss and stop loss arrangements.
- Retrocession: when a reinsurer passes on part of its own reinsurance risk to another reinsurer. This term appeared directly in reported IC22 exam questions.
IC22 Mock Test Study Plan: 4 Weeks to First-Attempt Pass
Candidates who follow a structured chapter-wise study plan pass IC22 in their first attempt far more often than candidates who study without a structured plan. This 4-week plan is designed for working insurance professionals studying 1 to 2 hours daily.
- Week 1, Core Principles: read Chapters 1, 2, 3, and 4 from the official III IC22 textbook. After every chapter, attempt that chapter section in this IC22 mock test. Reach 70 percent accuracy before advancing.
- Week 2, High-Yield Medical Chapters: study Chapters 8, 9, 13, and 14. These four chapters carry 25 to 38 questions combined. Focus on scenario-based underwriting decisions for diabetes, digestive disorders, and cardiovascular conditions.
- Week 3, Remaining Chapters Including Reinsurance: cover Chapters 5, 6, 7, 10, 11, 12, and 15. Chapter 5 on occupational and avocational risk and Chapter 6 on reinsurance are most commonly skipped. Do not skip them. They carry 8 to 13 easy marks.
- Week 4, Full Mock Tests and Targeted Revision: attempt 3 full 100-question IC22 mock tests under strict 2-hour timed conditions. For every chapter where accuracy falls below 65 percent, return to the textbook before the next mock test.
Common Mistakes That Cause IC22 Failures
Five specific mistakes cause most IC22 failures, and none of them require extra intelligence or extra hours to fix.
- Skipping Chapter 5 on occupational and avocational risk: this chapter carries 4 to 7 factual questions that take under 30 seconds each to answer if you know the Class A to D system
- Ignoring Chapter 6 on reinsurance: candidates assume reinsurance is calculation-heavy. It is not. IC22 reinsurance questions test vocabulary and classification, not maths.
- Confusing IBD with IBS underwriting decisions: inflammatory bowel disease (IBD) typically attracts substandard or declined rating. Irritable bowel syndrome (IBS) without complications accepts at standard rates. Mixing these costs 2 to 3 marks.
- Practising only recall questions from the textbook: scenario-based underwriting decision questions require mock test practice. Reading alone does not prepare you for scenario logic.
- Leaving questions unanswered because of fear of wrong answers: IC22 has no negative marking. Every blank question wastes a scoring opportunity. Guess every unanswered question in the final 15 minutes.
Time Management Strategy for the IC22 Exam (72 Seconds Per Question)
Candidates who run out of time in the IC22 exam lose marks on questions they know the answers to. Use this 3-phase approach across the 120-minute paper.
- First 60 minutes: attempt all direct recall questions from medical chapters 7 to 15. These are faster to answer. Target 55 questions completed in this phase.
- Next 45 minutes: work through scenario-based underwriting decision questions from Chapters 1, 2, 3, 4, and 5. Read each proposer profile fully before selecting an answer.
- Final 15 minutes: return to every unanswered question. Since no negative marking applies, attempt all remaining questions. A random guess on a 4-option question gives a 25 percent chance of a correct mark.
IC22 vs IC45: Choosing the Correct Underwriting Paper
IC22 covers Life Insurance Underwriting and IC45 covers General Insurance Underwriting. They are separate Associateship papers and are not alternatives to each other. AIII candidates in the life insurance career track take IC22. Candidates in the general insurance career track take IC45. Both papers carry 30 credits, both contain 100 MCQs, and both require 60 percent to pass. The medical chapters in IC22, covering cardiovascular disorders, diabetes, thyroid diseases, nervous system conditions, and blood disorders, are not present in IC45 at all. Registering for the wrong paper wastes an exam attempt and registration fee.
Who Benefits from This IC22 Life Insurance Underwriting Mock Test
This IC22 free online mock test serves every category of AIII Associateship candidate across India.
- LIC of India employees: pursuing AIII designation as a compulsory qualification for promotion under LIC’s internal career progression framework
- Private life insurance professionals: at organisations like Max Life Insurance, HDFC Life, ICICI Prudential Life Insurance, SBI Life, and Bajaj Allianz Life who need IC22 to complete AIII registration
- Underwriting desk officers and assistants: who process life insurance proposals daily and want to formalise their applied knowledge through III certification
- Fresh graduates entering the insurance sector: beginning AIII preparation with no prior underwriting background who need structured, free, chapter-wise practice
- Repeat IC22 candidates: who scored below 60 in a previous session and need targeted weak-chapter practice before the next exam window
- Claims, compliance, and actuarial support staff: in life insurance companies who need the IC22 credit to complete their Associateship paper requirements
IC22 Mock Test FAQs
The IC22 exam contains 100 multiple choice questions with 4 options each. The duration is 2 hours (120 minutes). No negative marking applies, so every question should be attempted.
Candidates must score 60 out of 100, which equals 60 percent, to pass the IC22 Life Insurance Underwriting paper of the Insurance Institute of India Associateship examination.
Chapter 14 on Cardiovascular System carries the most questions, with 10 to 14 per exam session. Chapter 4 on Financial Underwriting, Chapter 8 on Nervous System, Chapter 9 on Diabetes Mellitus, and Chapter 13 on Gastrointestinal System each contribute 5 to 12 questions. These five chapters together account for 35 to 50 out of 100 marks.
The Insurance Institute of India conducts the IC22 exam four times per year. Candidates register through the official III portal and select from the available exam windows. The same 100-MCQ format and 60-mark passing threshold apply in every session.
Yes. Most IC22 first-attempt passers prepare without formal coaching by combining III textbook reading with structured mock test practice. Read each chapter in the official IC22 book first. Then attempt this chapter-wise IC22 mock test after each chapter. Take a minimum of 3 full-length 100-question timed mock tests in the final week before the exam. That preparation method consistently produces scores above 70 percent.
