The Licentiate exam by Insurance Institute of India (III) is an introductory certification requiring candidates to pass IC-01 (Principles of Insurance), IC-14 (Regulations), and either IC-02 (Life Insurance) or IC-11 (General Insurance). Each exam awards 20 credit points and requires 60% to pass.

Yes! Our question bank contains memory-based questions from actual III Licentiate exams. These are questions that appeared in previous exams, compiled by successful candidates and updated regularly to match current exam patterns.

Our comprehensive mock tests, memory-based questions, and expert explanations have helped thousands of students pass on their first attempt. When you complete all practice tests and follow our preparation strategy, you’ll be fully prepared to score above 60% in the actual exam.

Each paper consists of 100 Multiple Choice Questions (MCQs) with a duration of 2 hours. There are no negative marks for wrong answers. You need to score 60 correct answers (60%) to pass each subject. The exams are conducted online.

The combo package (IC-01 + IC-02 + IC-11 + IC-14) offers the best value and is recommended if you’re preparing for complete licentiate certification. It covers both life and general insurance tracks, giving you maximum flexibility and savings.

Once enrolled, you get 90 Days validity to access to all mock tests, practice questions, and study materials. You will get 4 attempts for practice and unlimited solution views..

IC-02 covers Practice of Life Insurance (for life insurance track) while IC-11 covers Practice of General Insurance (for general insurance track). You need to choose one based on your career path. IC-01 and IC-14 are mandatory for both tracks.

Yes, our mock tests are designed to exactly replicate the actual Insurance Institute of India exam format – same number of questions (100 MCQs), same time duration (2 hours), and same difficulty level. This helps you get comfortable with the exam environment.