The IC 14 book — Regulations of Insurance Business — published by the Insurance Institute of India (III) — is the essential study material for all insurance professionals preparing for the Licentiate exam. Whether you need the IC 14 book PDF, free eBook, chapter-wise notes, or a structured online course, this page covers everything you need to pass the exam in your first attempt.
About IC 14 – Regulations of Insurance Business
IC 14 is the regulatory and compliance paper of the III Licentiate examination. It is compulsory for all candidates — both life and general insurance streams — and covers the legal framework that governs the insurance industry in India. From the Insurance Act to IRDAI regulations and consumer protection laws, this subject gives you a complete picture of how insurance is regulated in India.
Topics Covered in the IC 14 Book
- Insurance Act 1938 and its key provisions
- IRDAI — structure, powers, and functions
- Licensing of insurers, agents, brokers, and surveyors
- Policy regulations — proposal, policy, and claims rules
- Consumer protection — Insurance Ombudsman and grievance redressal
- Anti-money laundering (AML) and KYC norms in insurance
- Motor Vehicles Act provisions related to insurance
- Life Insurance Council and General Insurance Council
- Recent IRDAI amendments and circulars
Download the IC 14 Book Free on Telegram
The official IC 14 book PDF by III is available free on our Telegram channel. Join below to download it instantly along with eBooks for all other IC subjects — completely free.
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The channel also shares chapter-wise MCQs, important regulatory updates, previous year questions, and exam tips — all free of cost.
Enroll in the IC 14 Online Course
The IC 14 book is heavily regulation-based and can be difficult to memorise without a structured approach. Our online course simplifies every act, rule, and regulation into easy-to-remember notes with exam-focused MCQ practice.
- ✅ Chapter-wise notes in simple, clear language
- ✅ Important sections and provisions highlighted
- ✅ Practice MCQs after every topic
- ✅ Full mock tests based on actual Licentiate exam pattern
- ✅ Works on Android, iOS, and desktop
- ✅ Doubt support via Telegram
🎓 Enroll in IC 14 Course – Study4Insurance
Other III Books You Need for Licentiate Exam
IC 14 is compulsory for all streams. You will also need these books depending on your stream:
- IC 01 – Principles of Insurance
- IC 02 – Practice of Life Insurance
- IC 11 – Practice of General Insurance
All III eBooks — Licentiate, Associateship, and Fellowship — are available free on our Telegram channel @iiibookspdf.
Frequently Asked Questions
Where can I download the IC 14 book PDF for free?
Join our Telegram channel @iiibookspdf to download the IC 14 book PDF free along with all other III eBooks instantly.
Is IC 14 compulsory for both life and general insurance candidates?
Yes. The IC 14 book covers regulations applicable to all insurance professionals. It is a mandatory paper for every candidate appearing in the III Licentiate examination — regardless of stream.
Which acts are covered in the IC 14 book?
The IC 14 book covers the Insurance Act 1938, IRDAI Act 1999, Motor Vehicles Act (insurance provisions), Consumer Protection Act, and key IRDAI regulations and guidelines relevant to the insurance industry.
How many questions are in the IC 14 Licentiate exam?
The IC 14 exam has 50 objective-type MCQ questions to be completed in 60 minutes. A minimum score of 50% is required to pass. The exam is conducted online by the Insurance Institute of India.
What is the best way to study IC 14?
Start with the IC 14 book to understand the full regulatory framework, then use our online course for structured notes and MCQ practice. Focus especially on key sections of the Insurance Act, IRDAI functions, and consumer grievance mechanisms — these are frequently tested.