III IC-102
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ExploreAbout this exam
IC-102 is one of the Insurance Institute of India's professional examinations, sitting in the same catalogue as papers such as IC 01 Principles of Insurance, IC 02 Practice of Life Insurance and IC 14 Regulations of Insurance Business. Candidates typically encounter IC-102 while working through the Institute's professional examination ladder toward Licentiate, Associateship or Fellowship, and while using the Institute's published study material, which is sold as hard copy, e-book and audio book. The exam is delivered in the Institute's online examination format, and the Institute has announced new and revised study course materials from the September 2026 online examination, so candidates should confirm which edition applies to their session before buying books. Preparation follows a predictable pattern: obtain the current IC-102 study material, work through the syllabus topic by topic, and practise with the Institute's model question bank where one is published for the paper. Because the professional examination fees were revised with effect from 1st April 2026, check the current fee before applying. This page is an independent study resource and is not affiliated with, endorsed by, or operated by the Insurance Institute of India; always treat the Institute's own website and help manuals as the authoritative source for schedules, fees and regulations.
What you'll study
About III IC-102 preparation
Is IC-102 the same as the III professional examination papers listed on the Institute's site?
It belongs to the same family of professional examinations the Institute lists alongside IC 01, IC 02, IC 14 and the specialised diploma papers. Confirm the exact paper title and syllabus in the Institute's current study material listing before you enrol, because the Institute has announced revised materials from the September 2026 online examination.
What is the exam format?
The Institute delivers these papers through online examinations and publishes online examination schedules and a help manual for candidates. The source does not state the number of questions, marks or duration for IC-102, so check the current schedule and help manual on the Institute's site rather than relying on second-hand figures.
How much does it cost and when are fees revised?
The Institute has announced a revision of professional examination fees with effect from 1st April 2026, and 5% GST applies on e-books from 20.03.2026. Exact amounts are not given in the source, so consult the Institute's fee structure page for the figure that applies to your session.
Can I apply for an exemption from IC-102?
The Institute operates an exemption route for professional examinations and publishes a dedicated exemption page and help manual. For the December 2026 session, the exemption application link becomes available from 1st December 2026. Check eligibility criteria and deadlines on the Institute's exemption page before the window opens.
Which study material should I buy?
The Institute sells study material in hard copy, e-book and audio book formats, with a published price list and dispatch status page. New and revised study course materials apply from the September 2026 online examination, so buy the edition matching your session and avoid second-hand copies from an earlier revision.
How difficult is it, and what causes failures?
The source gives no pass rate or difficulty rating, so treat any specific claim with suspicion. The most common avoidable failures are studying from an outdated edition, skipping the syllabus sections that carry the most marks, and not practising written or objective answers under time pressure before the exam day.
What order should I study the topics in?
Start with the fundamentals of insurance principles, then move to practice, regulation and finance and accounting, because later topics assume the vocabulary of the earlier ones. Build a one-page summary per topic, then attempt the Institute's model question bank where one exists for your paper and review every wrong answer.
Where do I check results, schedules and candidate help?
The Institute publishes examination timetables, online examination schedules, help manuals for fresh and already-registered candidates, and session-wise prize winner lists on its website. Sign in with your existing candidate account to access registration, photo and signature upload, and question paper query facilities.