III IC-57
IC-57 Fire and Consequential Loss Insurance
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ExploreAbout this exam
IC-57 Fire and Consequential Loss Insurance is a professional examination paper offered under the Insurance Institute of India's professional examination stream, alongside subjects such as IC-58 Fire Insurance Coverage and the marine and liability papers. The Institute lists IC-57 study material in both English and Hindi editions, labelled IC-57 - Fire and Consequential loss Insurance (E) and (H), so candidates can prepare in either language. The paper sits squarely in the general insurance family and is most useful to candidates working toward Associateship or Fellowship progression, and to fire and property underwriters, claims handlers and surveyors who need a working command of fire covers and the consequential loss (business interruption) covers that sit alongside them. Because the Institute publishes a syllabus for each professional examination subject, candidates should download the current IC-57 syllabus and confirm which study material version applies to their session: the Institute has announced revised study course materials from the June 2026 online examination and further new and revised materials from the September 2026 online examination. Preparation should follow the syllabus sequence, pair the study text with past question practice, and track the Institute's notices on examination schedules, exemption windows and fee revisions, since professional examination fees were revised with effect from 1st April 2026. This page is an independent study resource and is not affiliated with or endorsed by the Institute.
What you'll study
About III IC-57 preparation
Is IC-57 available in Hindi as well as English?
Yes. The Institute's study material list shows two IC-57 entries: IC-57 - Fire and Consequential loss Insurance (E) for English and IC-57 - Fire and Consequential loss Insurance (H) for Hindi. Choose the language edition you will actually write the examination in, and check availability before ordering.
Which study material version applies to my session?
The Institute has announced revised study course materials from the June 2026 online examination, and new and revised study course materials from the September 2026 online examination. Confirm which version applies to your session before you buy, because content and addenda can differ between the two.
How do I find the IC-57 syllabus and examination schedule?
Use the Professional Examination section of the Institute's website for the syllabus and the online examination schedule. The Institute publishes a syllabus for each professional examination subject and a separate online examination schedule page, so check both when planning your study timeline and your registration.
What does the IC-57 paper cover?
The subject is fire insurance and consequential loss insurance, so expect fire covers and the business interruption style covers that follow fire and allied perils. Work from the official IC-57 syllabus rather than a generic fire text, and use the Institute's own study material as your primary reference.
Has the examination fee changed recently?
Yes. The Institute has published a revision of Professional Examination Fees with effect from 1st April 2026. The notice does not state the amount, so check the current fee structure on the Institute's site before paying rather than relying on older figures or on what other candidates paid previously.
Can I claim an exemption from IC-57?
The Institute operates an exemption route for professional examinations and publishes a separate exemption fee structure. For the December 2026 session, the exemption application link becomes available from 1st December 2026. Check the eligibility rules and the window carefully, since applications outside the published dates are unlikely to be accepted.
How should I sequence my preparation?
Read the official IC-57 syllabus first and map each topic to the matching chapter of the study material. Cover fire insurance fundamentals before consequential loss, since interruption covers build on fire and allied perils concepts. Then work through question practice and revisit weak topics rather than rereading the whole text.
What are the most common ways candidates lose marks?
Two recurring problems: studying from an outdated material version, and learning definitions without being able to apply them to a scenario. Confirm your material version for your session, and practise explaining how a cover responds to a described loss rather than only reciting wording.
Where do I check results and prize winner announcements?
The Institute publishes results by session on its website, along with prize winner lists for earlier sessions. Check the results section for your session rather than relying on forum posts, and keep your registration details handy for any query you raise with the Institute.