III IC-104

IC-104 is a subject code in the Institute's Professional Examinations, which are organised into Licentiate, Associateship and Fellowship levels, plus Specialised Diploma Courses and Jointly Offered Courses. The public home page lists subject codes and study material but does not publish the IC-104 syllabus text, so confirm the current syllabus in the official study course material for that code.

Use the edition tied to your examination session. The Institute states that new and revised study course materials apply from the September 2026 online examination, and that revised study course materials were introduced from the June 2026 online examination. Check the Addendum and study material sections before buying, since older printings may not match the current paper.

Professional examination fees were revised with effect from 1 April 2026, but the revised amount is not stated on the Institute's home page. Check the Fee Structure page for the figure that applies to your session rather than relying on older amounts. If you buy e-books, note that 5% GST applies to e-books from 20 March 2026.

Exemption applications run through a link on the Institute site that opens for a defined window. For the December 2026 session, the exemption application link becomes available from 1 December 2026. Plan ahead: the window is short and opens close to the session, so have your prior qualifications and supporting documents ready in advance.

Institute professional papers reward precise, syllabus-bound answers rather than general insurance knowledge. Common failure modes are studying from an outdated material edition, skipping the addendum, ignoring the model question bank, and writing vague answers where the paper expects specific definitions, sections or computations. Confirm the exact syllabus scope for IC-104 before you commit study time.

The Institute runs online examinations, referenced in its notices about revised study materials for the June 2026 and September 2026 online examinations. The home page does not publish IC-104's question count, duration or passing mark, so verify the pattern on the examination schedule and the relevant help manual for your session.

The Institute's pages describe registration for new candidates and already-registered candidates, which implies repeat attempts across sessions. The home page does not state a retake limit, waiting period or attempt cap, so confirm the current regulation in the Professional Examinations regulations and question-paper query sections before assuming a rule.

Follow the Institute's own level structure: Licentiate subjects first, then Associateship, then Fellowship, since later papers assume earlier foundations. Within IC-104, work through the official study material chapter by chapter, then practise with the model question bank. The Institute also publishes addenda, which should be read after the main text.

The Institute provides help manuals for new candidates and already-registered candidates, plus dedicated sections for exemption queries and question-paper queries. Use those before writing to the office. Also check the FAQs for Professional Examinations and for Study Course, which cover common registration and material issues.