The IC 02 book — Practice of Life Insurance — published by the Insurance Institute of India (III) — is the main study material for life insurance professionals preparing for the Licentiate exam. If you are looking for the IC 02 book PDF, free eBook, chapter notes, or a structured online course, this page has everything you need.
About IC 02 – Practice of Life Insurance
IC 02 is the life insurance stream paper of the III Licentiate examination. It covers how life insurance products work in practice — from proposal and underwriting to claims settlement and customer service. It is taken alongside IC 01 and IC 14 by candidates working in companies like LIC, SBI Life, HDFC Life, and Max Life.
Topics Covered
- Life insurance products — Term, Endowment, Whole Life, Money Back, ULIPs
- Proposal form and policy documents
- Underwriting and risk assessment in life insurance
- Premium calculation and payment modes
- Policy servicing — nomination, assignment, loan, surrender, revival
- Death claims and maturity claims process
- Grievance redressal and policyholder protection
- Distribution channels — agents, brokers, bancassurance
Download the IC 02 Book Free on Telegram
The official IC 02 book PDF by III is available free on our Telegram channel. Join below to download it instantly along with all other IC subject eBooks.
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The channel also shares MCQs, chapter summaries, and exam tips — all free of cost.
Enroll in the IC 02 Online Course
The IC 02 book covers a wide syllabus. Our online course simplifies every chapter into exam-focused notes with MCQ practice so you are fully ready on exam day.
- ✅ Chapter-wise notes in simple language
- ✅ Practice MCQs after every topic
- ✅ Full mock tests on Licentiate exam pattern
- ✅ Works on Android, iOS, and desktop
- ✅ Doubt support via Telegram
🎓 Enroll in IC 02 Course – Study4Insurance
Related III Books for Licentiate Exam
Life insurance candidates need these subjects along with the IC 02 book:
- IC 01 – Principles of Insurance
- IC 14 – Regulations of Insurance Business
- IC 22 – Life Insurance Underwriting
All III eBooks are available free on our Telegram channel @iiibookspdf.
Frequently Asked Questions
Where can I download the IC 02 book PDF for free?
Join our Telegram channel @iiibookspdf to get the IC 02 book PDF free along with all other III eBooks.
Who needs to study IC 02?
IC 02 is for life insurance professionals — agents, development officers, and branch staff — seeking the III Licentiate qualification under the life insurance stream.
What is the difference between IC 01 and IC 02?
IC 01 covers general principles of insurance for all streams. The IC 02 book is specific to life insurance — covering products, underwriting, policy servicing, and claims in detail.
How many questions are in the IC 02 exam?
The IC 02 Licentiate exam has 50 MCQs to be answered in 60 minutes. A minimum of 50% is required to pass. The exam is conducted online by the Insurance Institute of India.
Is coaching necessary for IC 02?
Not mandatory, but a structured course helps you focus on exam-relevant topics and avoid common mistakes — especially in numerical areas like premium calculation.