The IC 46 book — General Insurance Accounts — published by the Insurance Institute of India (III) — is the complete study material for general insurance professionals preparing for the Associateship exam. Whether you need the IC 46 book PDF, free eBook, chapter-wise notes, or a structured online course, this page has everything you need to clear the exam successfully.
About IC 46 – General Insurance Accounts
IC 46 is the General Insurance Accounts paper of the III Associateship examination. It covers the accounting, financial reporting, and financial management practices specific to general insurance companies in India. This subject is essential for professionals working in accounts, finance, and audit departments of general insurance companies like New India Assurance, United India Insurance, Oriental Insurance, National Insurance, and private insurers.
Topics Covered in the IC 46 Book
- Basics of accounting for general insurance companies
- Revenue accounts — fire, marine, and miscellaneous
- Profit and loss account and balance sheet of general insurers
- Premium income — accounting and recognition
- Claims — outstanding claims and IBNR reserves
- Unexpired risk reserve (URR) and its calculation
- Investments — valuation and accounting treatment
- Reinsurance accounting — ceded and accepted
- Solvency margin requirements for general insurers
- IRDAI financial reporting regulations and guidelines
Download the IC 46 Book Free on Telegram
The official IC 46 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.
📲 Join Telegram – Get IC 46 Book Free (@iiibookspdf)
The channel also shares chapter-wise MCQs, solved accounting problems, important questions on URR and IBNR, and exam tips — all completely free.
Enroll in the IC 46 Online Course
The IC 46 book combines insurance-specific accounting concepts with numerical problems — making it one of the more technical Associateship papers. Our online course simplifies every chapter with structured notes, solved examples, and focused MCQ practice so you can approach even the toughest accounting topics with confidence.
- ✅ Chapter-wise notes in simple, clear language
- ✅ Solved numerical problems — URR, IBNR, solvency margin
- ✅ Practice MCQs after every topic
- ✅ Full mock tests on Associateship exam pattern
- ✅ Works on Android, iOS, and desktop
- ✅ Doubt support via Telegram
🎓 Enroll in IC 46 Course – Study4Insurance
Other III Associateship Books You May Need
General insurance Associateship candidates commonly study these subjects alongside the IC 46 book:
- IC 11 – Practice of General Insurance
- IC 45 – General Insurance Underwriting
- IC 72 – Motor Insurance
- IC 86 – Risk Management
All III eBooks — Licentiate, Associateship, and Fellowship — are available free on our Telegram channel @iiibookspdf.
Frequently Asked Questions
Where can I download the IC 46 book PDF for free?
Join our Telegram channel @iiibookspdf to download the IC 46 book PDF free along with all other III eBooks instantly.
What level is IC 46 — Licentiate or Associateship?
IC 46 is an Associateship level paper under the general insurance stream. Candidates should complete the Licentiate examination (IC 01, IC 11, IC 14) before attempting IC 46 and other Associateship subjects.
What is IBNR in general insurance accounts?
IBNR stands for Incurred But Not Reported — it refers to claims that have already occurred but have not yet been reported to the insurer. General insurance companies are required to estimate and set aside reserves for IBNR claims in their financial statements. This is one of the most important and frequently tested topics in the IC 46 book.
What is the Unexpired Risk Reserve (URR) in IC 46?
The Unexpired Risk Reserve (URR) is a liability that general insurance companies must maintain to cover the unexpired portion of risks on policies already issued. It is typically calculated as 50% of net premium for most classes of business. URR calculation is a key numerical topic in the IC 46 exam.
How many questions are in the IC 46 Associateship exam?
The IC 46 exam has 100 objective-type MCQ questions to be completed in 120 minutes. A minimum score of 60% is required to pass. The exam is conducted online by the Insurance Institute of India.