III IC-104 study plan

Map the full III IC-104 syllabus against the official Insurance Institute of India subject outline and list every named topic as a checklist item with its own confidence rating

Define what 'IC-104' covers at subject level (core insurance principles, practice, and regulation as stated in the III prospectus) and write a one-page scope note in your own words

Build a personal glossary template with columns for term, plain-language definition, exam-context example, and source page

Complete a timed 20-question self-diagnostic drawn from the syllabus headings and record the score as a baseline

Explain the fundamental principles of insurance (insurable interest, indemnity, utmost good faith, proximate cause, contribution, subrogation) in writing without notes

Distinguish the main classes of insurance business and give one concrete example of a risk handled by each

Define key policy terminology (premium, sum insured, deductible, excess, endorsement, renewal) and add each to the glossary

Solve five short numerical problems on premium calculation or claim settlement and show your working

Trace the insurance lifecycle from proposal and underwriting through policy issue, endorsement, and claims

Describe the roles and duties of an agent, broker, underwriter, surveyor, and claims handler and how they interact

Draft a one-page process flow for a typical claim from intimation to settlement, including documentation required

Identify three points in the lifecycle where regulation or conduct rules bite and note the relevant requirement

Summarise the regulatory framework governing insurance in India, including the role of IRDAI and the main obligations it imposes on insurers and intermediaries

List the statutory and regulatory documents a candidate is expected to know and state the purpose of each

Explain the duties owed to policyholders around disclosure, misrepresentation, and claim handling

Review weeks 1-3 glossary entries and rewrite any definition you cannot state from memory

Work through the numerical and calculation-heavy areas of the syllabus and build a formula sheet with one worked example per formula

Practise 10 calculation questions under a 10-minute timer and log error types

Explain the difference between indemnity and benefit policies and the calculation implications of each

Reconcile any conflicting definitions found across your notes into a single agreed version

Answer 40 mixed-topic questions under exam timing and mark each against the syllabus checklist

Categorise every wrong answer as knowledge gap, misreading, or calculation slip and rank the gaps by frequency

Re-study the three weakest checklist items and write a fresh explanation of each from scratch

Draft 10 original questions of your own on the weakest areas, with model answers

Complete a full-length timed mock under exam conditions and record the score, timing per section, and unanswered items

Redo every missed question from weeks 1-7 and confirm you can justify each correct answer

Condense the glossary and formula sheet into a single one-page revision card

Rehearse written explanations of the six core principles aloud in under two minutes each

Review the revision card daily and self-quiz on weak items until each is answered correctly three times in a row

Take two 30-minute rapid-fire quizzes and target a stable score above your week-7 mock

Practise exam technique: question ordering, time allocation, and handling unfamiliar wording

Finalise logistics (admit card, ID, venue, timing) and write a short pre-exam routine