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About this exam

IC-28 is one of the paper codes in the professional examination series administered by the Insurance Institute of India (III), the body behind the Licentiate, Associateship and Fellowship designations and a wide catalogue of subject-specific papers such as IC-01, IC-02 and many others. Candidates typically encounter IC-28 as a single subject within a staged programme, so the paper is usually taken alongside or after foundation-level subjects rather than in isolation. The Institute publishes syllabus content, study material, model question banks, an online examination schedule and a help manual for professional examinations; those are the authoritative places to confirm the exact scope of IC-28, since the Institute's public home page does not enumerate the individual domains or weightings of this paper. Preparation therefore centres on the prescribed study course material, the addenda issued against it, and the model questions, followed by practice under timed conditions. Note several administrative changes announced by the Institute: revised study course materials from September 2026 for online examinations, a revision of professional examination fees with effect from 1 April 2026, 5% GST on e-books from 20 March 2026, and an exemption application window opening 1 December 2026 for the December 2026 session. Always verify current fees, syllabus and session dates directly with the Institute before applying. This page is an independent study aid and is not affiliated with or endorsed by the Institute.

What you'll study

Common questions

About III IC-28 preparation

What exactly is IC-28?

IC-28 is a paper code in the Insurance Institute of India's professional examination series, which leads to Licentiate, Associateship and Fellowship designations. The Institute's home page lists many paper codes but does not publish IC-28's detailed syllabus there, so obtain the current syllabus and study material from the Institute's professional examination pages before you plan study.

Who should take this paper?

Typically candidates already working in or entering the insurance sector who are progressing through the Institute's staged professional programme, or who need the subject for a designation or specialised diploma. Confirm with the Institute whether IC-28 is compulsory for your chosen designation or an elective, because subject requirements differ between Licentiate, Associateship and Fellowship routes.

Is the exam online or paper-based?

The Institute runs online examinations and publishes a separate online examination schedule and help manual for professional examinations. The home page refers to revised study course materials being introduced for online examinations. Check the current schedule for your session and read the help manual before the exam day so you know the login and interface requirements in advance.

How hard is IC-28 and how long should I study?

The Institute does not publish a difficulty rating or a recommended number of study hours, so any figure you see elsewhere is unofficial. A sensible approach is to work through the prescribed study material chapter by chapter, check the addenda for corrections, then attempt model questions under timed conditions. Candidates who skip the addenda often lose marks on revised content.

What if I fail - can I retake it?

The Institute runs multiple examination sessions each year, and candidates normally re-register for a later session. The home page does not state a retake limit or waiting period for this paper, so check the professional examination regulations and the current schedule for the rules that apply to your registration before assuming you can simply resit.

How much does it cost and are there exemptions?

The Institute announced a revision of professional examination fees with effect from 1 April 2026, and 5% GST applies on e-books from 20 March 2026. For exemptions, the application link for the December 2026 session opens on 1 December 2026. Always confirm the fee for your specific paper and session on the Institute's fee structure page rather than relying on older figures.

Which study material should I use?

Use the prescribed study course material for the paper, plus any addenda the Institute has issued against it, since addenda correct or update printed content. The Institute also publishes model question banks for several papers. Note that new and revised study course materials apply from September 2026 for online examinations, so check which edition is current for your session.

What is the most common way candidates lose marks?

Two recurring problems: studying from outdated material after the Institute has issued revised course content or addenda, and practising without time pressure so that recall is slow in the actual exam. Build a revision cycle that revisits earlier chapters, and attempt full-length practice under exam conditions rather than only reading model answers.

Where do I confirm dates, fees and syllabus details?

Only from the Institute: its professional examination pages, online examination schedule, help manuals, fee structure and FAQ sections. The home page carries announcements but not the full detail. Because notices such as the fee revision and the September 2026 course material change take effect on specific dates, verify the position as it stands on the day you register.