The IC 01 book — Principles of Insurance — is published by the Insurance Institute of India (III) and is the core study material for the Licentiate exam. Whether you are looking for the IC 01 eBook, IC-01 PDF, study notes, or a full online course, this page gives you free and paid resources to prepare and pass with confidence.
What Is IC 01 – Principles of Insurance?
IC 01 is the compulsory foundation paper of the III Licentiate examination. Every insurance professional — whether from Life, General, or Health Insurance — must pass this subject to earn the Licentiate designation from the Insurance Institute of India.
The subject covers how insurance works at its core: the legal principles behind every policy, the history of insurance in India, and the regulatory role of IRDAI. It lays the groundwork for all advanced IC subjects.
Topics You Will Study
- Nature, purpose, and functions of insurance
- Principles: Utmost Good Faith, Insurable Interest, Indemnity, Subrogation, Contribution
- Insurance contracts and documentation
- History of insurance and nationalisation in India
- Role and functions of IRDAI
- Overview of Life, General, and Health insurance
- Introduction to Reinsurance
Get the IC 01 Book Free on Telegram
The official IC 01 book PDF (III eBook) is available free for all students on our Telegram channel. Join the channel below to download the IC-01 eBook along with study material for all other IC subjects.
📲 Join Telegram – Download IC 01 eBook Free (@iiibookspdf)
The channel also shares chapter-wise notes, important MCQs, and exam updates — all free.
IC 01 Online Course – Structured Exam Preparation
Reading the IC 01 book alone is often not enough. Our online course breaks every chapter into simple, exam-focused notes so you understand and remember — not just read.
- ✅ Chapter-wise notes in easy language
- ✅ MCQs after every topic
- ✅ Full mock tests on Licentiate exam pattern
- ✅ Mobile-friendly — study anywhere
- ✅ Telegram support for doubts
🎓 Enroll in IC 01 Course – Study4Insurance
Other III Books You May Need
If you are preparing for the Licentiate exam, you will also need these subjects alongside the IC 01 book:
- IC 02 – Practice of Life Insurance
- IC 11 – Practice of General Insurance
- IC 14 – Regulations of Insurance Business
You can find all III eBooks — Licentiate, Associateship, and Fellowship — free on our Telegram channel: @iiibookspdf.
Frequently Asked Questions
Where can I get the IC 01 book PDF for free?
Join our Telegram channel @iiibookspdf to download the official IC 01 book (III eBook) for free.
What is the IC 01 exam pattern?
The IC 01 Licentiate exam is an objective-type test conducted online by the Insurance Institute of India. It consists of 50 multiple-choice questions to be answered in 60 minutes. A minimum of 50% marks is required to pass.
Is the IC 01 book enough to pass the Licentiate exam?
The IC 01 book covers the full syllabus, but most students benefit from structured notes and MCQ practice. Our online course is designed to complement the book and improve your chances of clearing in the first attempt.
What subjects are in the III Licentiate exam?
The III Licentiate exam includes IC 01 (Principles of Insurance) as the common paper, along with IC 02 (Life Insurance) or IC 11 (General Insurance) depending on your stream, and IC 14 (Regulations of Insurance Business).
Is the IC 01 course available on mobile?
Yes. The Study4Insurance IC 01 course works on both Android and iOS. You can also access the course via the ClassPlus app on your mobile.