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III IC-27 study materials
III IC-27 study resources

III IC-27 study guide

III IC-27 · Work through your exam, one topic at a time.

IC-27 is the paper code used in this profile for the Insurance Institute of India's Life Insurance Finance subject, which appears in the Institute's published study-material list as IC-26-Life Insurance Finance (E). It is a professional examination paper within the Institute's life-insurance stream, aimed at candidates working toward Institute qualifications and at practitioners who need a working command of how money moves through a life insurer - premium income, reserves and mathematical provisions, expenses, taxation, investment of the life fund, valuation of liabilities, surplus distribution and the statutory reporting that ties these together. The Institute has announced new and revised study course materials from the September 2026 online examination, and earlier introduced revised materials from the June 2026 online examination, so candidates should confirm which edition applies to their session before buying books. Preparation should follow the official syllabus order: read the prescribed course material chapter by chapter, build a one-page summary of each valuation and fund-flow concept, then work through the model question bank and past-paper style numericals. Because finance papers reward precision, practise writing definitions, formulae and presentation formats from memory rather than recognising them. This page is independent study support and is not affiliated with, endorsed by, or acting on behalf of the Insurance Institute of India; always verify fees, dates and syllabus details on the Institute's own website. Topics on this exam: Life Insurance Finance. The III IC-27 study guide has 1 section and about 356 words.

01

Life Insurance Finance

This domain tests how a life insurer converts long-dated promises into balance-sheet liabilities, regulatory capital and reported profit. Expect reserving bases, new business strain, unit-linked and with-profits treatment, solvency capital and embedded value. Life reserves are computed with prudent mortality, lapse, expense and interest assumptions. A gross premium valuation discounts future benefits and expenses less future premiums; a risk margin is added for non-hedgeable risk.

356 words, about 2 min

More study resources for III IC-27

  • Practice questionsIn life insurance company statutory accounting, which item is treated as an admitted asset for solvency reporting?
  • FlashcardsNet premium reserve. Prospective reserve computed with gross benefits valued against net premiums only, excluding expense loads.
  • Cheat sheetReserve = PV(future benefits) − PV(future net premiums); valuation uses prescribed mortality, interest, and lapse assumptions rather than pricing assumptions.
  • Key termsPremium. The amount a policyholder pays an insurer, usually monthly or annually, in exchange for the coverage promised in the contract.
  • Study planMap the Life Insurance Finance domain outline into a one-page concept map covering reserves, cash flow, taxation, and reporting.
  • Common mistakesCandidates memorize one 'premium' formula and reuse it everywhere; the exam deliberately gives both a gross rate table and a mortality table to tempt this.
  • Exam-day guideBring the exact ID the testing provider requires; name and spelling must match your registration.