The IC27 Health Insurance Mock Test gives you 100 MCQs in 120 minutes, matching the exact Insurance Institute of India (III) Associateship exam pattern. Practice free, score instantly, and clear IC27 in your first attempt.
IC27 Health Insurance Exam Pattern
The IC27 exam runs online at Insurance Institute of India centres. Study this pattern before you start IC27 mock test practice.
| Exam Detail | Information |
|---|---|
| Exam Name | IC 27 – Health Insurance |
| Conducted by | Insurance Institute of India (III) |
| Exam Level | Associateship and Fellowship (Selective Paper) |
| Total Questions | 100 MCQs |
| Duration | 2 Hours (120 Minutes) |
| Passing Marks | 60 out of 100 (60%) |
| Negative Marking | No negative marking |
| Credit Points on Passing | 30 Credit Points |
| Exam Mode | Online proctored or in-centre |
IC27 Syllabus – Chapter-Wise Topics Covered in Mock Test
Every IC27 Health Insurance mock test question on SarkariExam Center maps to the official III syllabus chapters below.
Chapter 1: Introduction to Health Insurance
- Definition and importance of health insurance
- Indemnity products vs. benefit-based products
- Government share in health expenditure and what is excluded
- Role of commercial and private health insurance
Chapter 2: Health Financing Models
- Health systems in India, USA, Japan, France, Chile, and Thailand
- Medicare, Medicaid, and employment-based models in the USA
- Japan’s Society-Managed Health Insurance (SHI) and National Health Insurance (NHI)
- India’s ESIS, CGHS, RSBY, and Ayushman Bharat schemes
- Japan’s Long Life Medical Care System for population aged 75 and above
Chapter 3: Health Insurance Products
- Hospitalization indemnity annual contracts and floater policies
- Critical illness plans on indemnity and benefit basis
- Daily hospital cash policies
- OPD coverage products and personal accident plans
- Group health insurance and employer-sponsored plans
Chapter 4: Medical Underwriting
- Numerical rating method and its assessment components
- Non-medical underwriting features and processing differences
- Pre-existing conditions and waiting periods
- KYC requirements in health insurance proposals
Chapter 5: Policy Clauses and Terms
- Grace period under IRDAI guidelines – 30 days from renewal date
- First-time mediclaim waiting period – 30 days
- Co-payment strategy and deferred co-payment strategy
- Floater policy sum insured – usable by any member of the family
Chapter 6: Claims Settlement and TPA
- Cashless claim process and network hospital tie-ups
- Role of Third Party Administrators (TPAs) in claim processing
- Reimbursement claims – documentation and timelines
- Market conduct examination of insurers via MIS mechanism and on-site inspections
- Cashless cover reduces the need for surplus liquidity
Chapter 7: Fraud Prevention in Health Insurance
- Types of fraud – hard fraud, soft fraud, internal fraud, and external fraud
- Fraud rings – groups involved in making organized false claims
- Industry estimate of fraudulent claims – 10% to 15% of total claims
- KYC role in preventing wrong-address-based fraud
- Fraud detection signs – mismatch between diagnosis and investigation
Chapter 8: Data, Pricing, and Reinsurance
- Earned premium analysis and group size distribution analysis
- Age distribution analysis to identify average premium per person
- Data warehouse – repository of electronically stored organisational data
- Reinsurance program design factors in health insurance
Chapter 9: Regulatory Framework and Public Health System
- IRDAI guidelines on health insurance products and policy standards
- Ministry of Health and Family Welfare – head is the Union Minister of Health
- Central Council of Health – principal advisory body to the Union Government
- Director General of Health Services (DGHS) – chief technical advisor at state level
- Chief Medical or Health Officer – technical head at district level
- ASHA workers – link between community and the health system under NRHM
- Primary Health Centre (PHC) – 4 to 6 beds
Who Should Attempt IC27 Mock Test
This IC27 Health Insurance mock test series suits every stage of III exam preparation.
- Insurance professionals preparing for the III Associateship exam
- TPA staff, hospital network managers, and health claims executives
- Health insurance underwriters and product development officers
- Candidates targeting 30 credit points toward Associateship or Fellowship
- Repeaters aiming to score 60+ and clear IC27 in their next attempt
How to Attempt IC27 Mock Test on SarkariExam Center
- Click the Start button on this page – no registration needed.
- Read each IC27 question carefully before selecting your answer.
- Attempt all 100 questions within the 120-minute timer.
- Submit your IC27 mock test before the timer ends.
- View your score instantly with chapter-wise breakdown and correct answer explanations.
IC27 Chapter-Wise Marks Distribution
| IC27 Chapter | Expected Questions | Focus Level |
|---|---|---|
| Introduction to Health Insurance | 8 to 10 | High |
| Health Financing Models | 12 to 15 | Very High |
| Health Insurance Products | 12 to 15 | Very High |
| Medical Underwriting | 8 to 10 | High |
| Policy Clauses and Terms | 10 to 12 | High |
| Claims Settlement and TPA | 10 to 12 | High |
| Fraud Prevention | 8 to 10 | Medium |
| Data, Pricing, Reinsurance | 8 to 10 | Medium |
| IRDAI Regulatory Framework | 8 to 10 | Medium |
Why IC27 Mock Test Practice Increases Your Pass Rate
- Interface familiarity: III uses an online CBT format – mock test practice removes exam-day anxiety.
- Time accuracy training: 100 questions in 120 minutes gives you 72 seconds per question on average.
- Chapter gap detection: Instant score cards show exactly which IC27 chapters need more revision.
- Concept reinforcement: Answering questions builds retention far better than passive reading.
- Safe margin strategy: Score 70+ in mock tests to stay well above the 60-mark passing cut-off.
Note: IC27 questions test concepts, not exact wording. Understand each mock test answer rather than memorising it. The actual III exam may rephrase the question or reorder the options.
IC27 Credit Points and III Qualification Path
- IC27 carries 30 credit points on passing
- Associateship Diploma requires a total of 250 credit points (including 60 from Licentiate)
- Fellowship Diploma requires a total of 490 credit points
- Earned credit points stay valid for 5 years from the date of passing
- IC27 is a selective paper – candidates choose it to accumulate credits faster
- Associateship holders receive a permanent 250 credit points record
IC27 Health Insurance Mock Test – Frequently Asked Questions
How many questions are in the IC27 exam?
The IC27 Health Insurance exam has 100 MCQ questions. Each carries 1 mark for a total of 100 marks. Duration is 2 hours with no negative marking.
What is the passing mark for IC27 Health Insurance?
You need 60 marks out of 100 (60%) to pass the IC27 exam conducted by the Insurance Institute of India.
Is there negative marking in IC27?
No. IC27 has zero negative marking. Wrong and unattempted answers do not reduce your score. Attempt every question.
How many credit points does IC27 give on passing?
Passing IC27 earns you 30 credit points toward your III Associateship or Fellowship qualification. These points remain valid for 5 years from the date of passing.
Which IC27 chapters carry the most exam questions?
Health Financing Models, Health Insurance Products, and Policy Clauses together carry roughly 35 to 42 questions. Focus on these 3 chapters first to secure your 60-mark pass.
