IAI SP6
More study resources
Cheat sheet
Keep the key ideas within reach.
ExploreKey terms
Get comfortable with the vocabulary.
ExploreStudy plan
Give each week a clear focus.
ExploreCommon mistakes
Understand the traps and how to avoid them.
ExploreCase studies
Put your knowledge to work in context.
ExploreExam-day guide
Prepare for the day ahead.
ExploreAbout this exam
SP6 is a specialist module of the Insurance Institute of India (IAI) focused on insurance fraud: how it is defined and classified, the legal and regulatory framework that governs it, the red flags that appear in underwriting and claims, investigation and evidence handling, interviewing and statement taking, fraud risk management and controls, data analytics and detection technology, and the ethical and professional standards expected of a fraud examiner. It suits claims handlers, underwriters, fraud investigators, compliance and risk staff, and internal auditors who need a structured, India-specific grounding in detecting, investigating and deterring insurance fraud. The exam is multiple choice and tests applied judgement as well as recall: expect scenario questions that ask you to spot inconsistencies, choose proportionate investigation steps, handle evidence correctly, or decide whether a control or an ethical response is appropriate. To prepare, work through the IAI syllabus and study material in domain order, but spend disproportionate time on the higher-weighted areas (legal framework, claims red flags, investigation methods). Build a personal red-flag checklist for each product line, practise reasoning through short case scenarios, and test yourself on the difference between suspicion, evidence and proof. Confirm the current syllabus, examination windows, fees and administrative rules on the IAI website, as these are set by the Institute and may change. This page is independent study support and is not affiliated with or endorsed by the IAI.
What you'll study
About IAI SP6 preparation
What is the exam format?
The exam is multiple choice. The exact number of questions, time allowed, mode (online or paper) and any negative-marking rule are set by the Institute, so check the current IAI syllabus and examination notice for the authoritative details rather than relying on second-hand summaries.
How difficult is SP6?
It is a specialist module, so it assumes basic insurance knowledge and rewards applied judgement. Straight recall questions are answerable from the study material, but scenario questions on red flags, evidence handling and ethics separate prepared candidates from those who only skim. Most candidates need several weeks of structured study, not a few days.
Can I retake the exam if I fail?
Retake rules, waiting periods and any limits on attempts are set by the Institute and can change between sessions. Check the current IAI examination policy or your candidate login for the applicable rules before you plan a resit.
How should I order my study?
Start with terminology and typologies so you share the exam's vocabulary, then the legal and regulatory framework, because it underpins investigation and ethics. Move to underwriting and claims red flags, then investigation, evidence and interviewing. Finish with risk management, analytics and ethics, revisiting the high-weight domains in the final weeks.
What are common failure modes?
Candidates often memorise red-flag lists without learning what each flag actually indicates, confuse suspicion with proof, or overlook procedural steps such as evidence continuity and lawful handling of personal data. Others neglect the legal framework and ethics because they seem less practical, then lose easy marks on scenario questions.
How much time should I allow for the exam?
The duration is published by the Institute in the current examination timetable. As a rule, practise pacing yourself on timed mock sets so you can answer every question and still have time to revisit flagged items.
Do I need practical investigation experience?
No, but it helps. The syllabus is self-contained and the study material explains concepts from first principles. If you lack field experience, work through scenario questions and case-style examples to build the applied judgement the exam rewards.
Where do I confirm fees, dates and passing marks?
The official body publishes the current figures for fees, examination dates, passing scores and any pass rates. Consult the IAI website and your candidate portal for the authoritative information; this page does not state those numbers because they are subject to change.