Know the Insurance Institute of India Exam Details, Exam Pattern and Eligibility

Insurance Institute of India (III) conducts this exam every year, III established in 1955 for promoting the importance and educating people about it with proper training and guidance. It is the only qualified insurance institute with 91 associated institute – The Life Insurance Corporation of India, The General Life Insurance Corporation of India to name a few are some of the associated institutes’ spread across the country. The institute directs examination at 3 levels: Licentiate, Associateship, and Fellowship. In order to become an Insurance Agent one needs to pass IRDA IC38 i.e. Insurance Regulatory and Development Authority which is an independent body for endorsing and regulating of insurance. Eligibility for IC38 is according to Regulation 4 of IRDA 2000, obliges for a 12th Pass as the minimum educational qualification for urban area inhabitants while 10th pass as the minimum educational qualification for rural area inhabitants. The minimum age limit is 18 years. You cannot directly appear for IC38, you need to be an insurer first at which you have to attend 50 hours training by IRDA to be called a Life, General or Health Insurance Agent, while for first timers, and it is 75 hours of training.

Eligibility  |  Syllabus  Exam Pattern Tips and Tricks  Take Free Mock Test

Resalte clave
de IC38
Examination Date:
7, 8, 14, 15 March 2020
18-50 Years
Exam Duration:
60 minutes
Exam Level:
12th or Graduate
Total Marks:
50 Marks 50 MCQs
Eligible Sex:
Online Registration:
6 January to 13 January 2020
Exam Fee:
IRDA Exam Entry Fee- Rs. 500
Slot Booking:
1 Feb to 7 Feb 2020
Exam Pattern of IC38:

The IC38 2020 application forms are available from 6 Jan to 13 Jan 2020, so prepare online where you will get notes as well as online mock tests 24*7.

Exam Duration- 1 hour

Total Marks- 50

Total Questions- 50

Note some important points related to IC38 Exam:-

  • ​The slot booking of IC38 will happen between 1 Feb to 7 Feb 2020
  • The IC38 2020 Exam dates are 7, 8, 14, 15 march 2020
  • The IC38 2020 Paper expected exam result will be declared on the day of the exam itself.

Note: The date to fill the Application form has gone, so try next time.

Admit Card:

The admit card for IC38 2020 is available after slot booking. The candidates can download their Admit card from online, all they need is to input your Registration Number, and Password and then hit SUBMIT Button then you will be able to download it from online.

The admit card will contain the details regarding your exams like:

  • Name of the candidate.
  • Roll Number
  • Category
  • Photograph
  • Signature
  • Name & Address of Examination Centre allotted to the candidate
  • Exam Timing & Duration
  • instructions


The candidate needs to bring one of the following documents as their identity proof in the examination center:

  • IRDA Agent Call Letter 2020 Hard Copy
  • Original ID proof like Driving License, Aadhar Card, PAN Card, etc.
  • Admit card is a must
Tips and Tricks:

Every year more thousands apply for IC38 where their dreams and goals can come true. So, here are some tips and tricks that might help you through the journey of IC38:

  • Be familiar with the syllabus and practice it every day.
  • Do consult class 12th NCERT books of Insurance and M. Motihar: Principles and Practices of Insurance.
  • Make a time table which you will follow through thick and thin.
  • Solve previous years question papers, which you’ll get from Youth4work and mock tests along with that.
  • From these mock tests, you’ll know your strengths and weaknesses.
  • Eat Healthily, take proper sleep and stay hydrated.
  • Since there is a negative marking so answer carefree and correct answers will fetch you 1 mark.
  • Be aware of your subjects, have deep knowledge of them.
  • Don’t be anxious and do revise before doing to the examination hall.

If you follow all these steps, you are good to go!


Regulation 4 of the IRDA (licensing of Insurance Agents) Regulations, 2000 requires a Minimum qualification of a pass in 12th standard in case of urban areas and 10th Standard in case of rural areas if the population is less than 5000.

Syllabus of IC38 Exam:
  1. Common Chapters: It involves concepts like Introduction to Insurance, Customer Service, Grievance Redressal Mechanism, Regulatory aspects of Corporate Agency, Legal Principle of an Insurance Contract.
  2. Life Insurance: It involves concepts like What Life Insurance involves, Financial Planning, Life Insurance Products I & II, Applications of Life Insurance, Underwriting, Applications of Life Insurance, Documentation: Proposal Stage, Policy Condition I & II, Pricing & Valuation in Life Insurance and Payments under a Life Insurance Policy.
  3. Health Insurance: It involves concepts like Introduction to Health Insurance, Insurance Documentation, and Health Insurance: Claims, Products, and Underwriting.
  4. General Insurance: It involves concepts like Principles of Insurance, Documentation, Theory, and Practice of Premium Rating, Personal and Retail Insurance, Commercial Insurance and Claims Procedure.


Youth4work Prep Tests

Online practice tests for competitive exams – are very unique and popular among aspirants. Aspirants can take self-designed mock-tests as well as practice for sections and topics separately. Youth4work’s unique and proprietary technology is helping lakhs of aspirants to reveal personal details on what are the strength areas of aspirants for any exam and also suggest how they can improve the performance.
Following are interesting insights from nearly lakhs of question attempts on IC38-IRDA exam practice tests on Youth4work. Every aspirant is rated on a Rating Scale. The ratings of the aspirants change with every question attempt.

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