IC-38 General study plan

Map the IC-38 syllabus into a one-page checklist that lists every unit under the single General Insurance domain, so you know exactly what the exam covers

Define the core vocabulary of insurance (risk, peril, hazard, insurable interest, indemnity, utmost good faith, subrogation, contribution) in your own words without looking at the study material

Explain the difference between life and general insurance and classify at least ten common policy types into the correct category

Describe the roles of the key market participants: insurer, insured, agent, broker, surveyor, TPA, and the regulator IRDAI

Outline the legal framework governing insurance in India, including the Insurance Act 1938, IRDA Act 1999, and the role of IRDAI as regulator

Explain the duties and liabilities of an insurance agent, including disclosure, record-keeping, and the prohibition on rebating

Distinguish the seven principles of insurance and apply each to a short worked scenario

Describe the process of proposal, acceptance, policy issuance, and premium payment in the correct sequence

Break down the structure of a general insurance policy: preamble, operative clause, exclusions, conditions, and endorsements

Interpret the meaning of deductible, excess, franchise, co-insurance, and no-claim bonus with numerical examples

Explain how claims are intimated, surveyed, assessed, and settled, and list the documents typically required

Identify the main exclusions and warranties commonly found in general policies and explain why each exists

Compare the main fire and property products: standard fire and special perils, and the add-on covers typically available

Explain marine insurance in both cargo and hull forms, including the concepts of voyage, warehouse-to-warehouse cover, and general average

Describe motor insurance in detail: third-party liability, own damage, the Motor Vehicles Act requirement, and the role of the Motor Accident Claims Tribunal

Distinguish the coverage of personal accident and health insurance, including the meaning of pre-existing disease and waiting periods

Explain the role of reinsurance, the meaning of retention, and the difference between facultative and treaty arrangements

Describe the structure of the tariff and the movement toward file-and-use pricing, and how premium is calculated for a simple risk

Summarize the underwriting process: information gathering, risk assessment, rating, and acceptance or declinature

Explain the function of the grievance redressal mechanism, the Insurance Ombudsman, and the policyholder's rights

Revise the syllabus checklist from week 1 and mark every unit you can explain without notes

List the ten most commonly tested definitions and write each from memory

Practice applying the principles of insurance to five new scenarios under timed conditions

Identify your three weakest sub-topics from the mock tests and write a short note on each

Complete two full-length timed mock exams under exam conditions with no reference material

Analyze every incorrect answer and classify the cause as knowledge gap, misreading, or guesswork

Drill the numerical topics (premium, deductible, claim settlement) with at least ten worked problems

Memorize the key regulatory facts: the role of IRDAI, the agent licensing requirement, and the code of conduct

Re-attempt every question in your error log and confirm you can now answer each correctly

Take one final full-length mock and aim for a comfortable pass margin above the cut-off

Recite the 20-term glossary and the ten most-tested definitions from memory without prompts

Review the syllabus checklist one last time and confirm every unit is marked as understood