IC-38 Corporate Agent / SP study plan

Define the role, scope of authority, and statutory responsibilities of a corporate agent under the Insurance Act and IRDAI regulations, stating at least five duties in your own words

Map the full IC-38 syllabus into a one-page outline listing every chapter and its approximate weight, so later weeks can be sequenced deliberately

Distinguish corporate agents from individual agents, brokers, and web aggregators by listing two structural differences for each comparison

Set up a study system (notes template, flashcard deck, weekly calendar blocks) and complete the first 40 flashcards on agent definitions and licensing

Explain the licensing and registration process for corporate agents, including eligibility criteria, capital and infrastructure requirements, and the documents required at application

Describe the code of conduct obligations that apply to corporate agents and their specified persons, and give one realistic violation scenario for each obligation

Outline the training and examination requirements, including the hours of practical training, the qualifying marks, and the validity period of the certificate

Answer 50 practice questions on licensing and conduct and log every wrong answer with the reason it was wrong

Summarize the regulatory framework governing corporate agency operations: IRDAI functions, key regulations, and the grievance redressal and ombudsman machinery

Explain renewal, cancellation, and suspension of a corporate agent licence, and state the consequences of each for an agency in operation

Describe record-keeping, reporting, and premium-handling obligations, including the rules on maintaining a separate insurance bank account

Draft a 10-question self-quiz on the regulatory framework and score at least 8 out of 10 before moving on

Explain the principles of insurance - insurable interest, utmost good faith, indemnity, subrogation, contribution, and proximate cause - and apply each to a short life and a short non-life example

Describe the structure of the Indian insurance market and the difference between life and general insurance products at a conceptual level

Identify the documents in an insurance contract (proposal form, policy, endorsement, renewal notice) and state the function of each

Complete a 40-question mixed practice set covering weeks 1 to 4 and record your score and time taken

Explain the sales process for corporate agents: prospecting, needs analysis, presenting a suitable product, closing, and post-sales service

Describe the know-your-customer, anti-money-laundering, and customer-suitability requirements that shape how a corporate agent sells and advises

Apply the concept of suitability by working through three client profiles and selecting an appropriate product category for each with justification

List the disclosure obligations at the point of sale, including what must be explained about premiums, exclusions, and free-look periods

Describe claims handling for both life and general insurance: intimation, documentation, settlement timelines, and the corporate agent's facilitation role

Explain policy servicing tasks such as nomination, assignment, premium payment modes, revival of lapsed policies, and maturity claims

Outline the grievance redressal escalation path from the agency to the insurer to the IRDAI and the ombudsman, with the time limits at each stage

Answer 50 practice questions on claims and servicing and add every error to the running error log

Revise all weak topics identified in the error log by re-reading the relevant sections and rewriting the rule for each in one sentence

Complete two full-length timed mock examinations under exam conditions and compare scores to identify remaining gaps

Memorize the key figures, time limits, and thresholds that appear in the syllabus by building a single reference sheet of numbers

Explain aloud, without notes, the corporate agent's obligations across licensing, sales, servicing, and claims, in under five minutes

Re-drill every remaining error-log entry until each can be answered correctly twice in a row

Take one final timed mock and target a score comfortably above the qualifying threshold, reviewing all incorrect answers the same day

Recite the corporate agent code of conduct and the grievance redressal escalation path from memory to confirm exam-day recall

Finalize exam-day logistics: confirm the test format, identification requirements, and the timing and venue or online setup