III IC-71
III IC-71 (Professional Examination subject of the Insurance Institute of India)
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ExploreAbout this exam
IC-71 is a Professional Examination subject of the Insurance Institute of India (III), the body that runs India's insurance-sector examinations and awards the Licentiate, Associateship and Fellowship designations. Professional Examination subjects such as IC-71 sit within that designation ladder and are aimed at insurance professionals, underwriters, claims and operations staff, and candidates building formal III credentials. IC-71 is commonly associated with insurance marketing, though the retrieved III homepage does not enumerate the subject's syllabus, so candidates should confirm the current syllabus and reading list from III's Professional Examination syllabus page before planning study. Preparation follows a predictable path: download the current study course material for the subject, work through the model question bank and past question papers, and use the examination help manual to understand the online delivery format. III has introduced revised study course materials from the June 2026 Online Examination and further new and revised materials from September 2026, so always study from the latest edition rather than an older copy. Professional Examination fees were revised with effect from 1 April 2026, and e-books carry 5% GST from 20 March 2026. Exemption applications for the December 2026 session open from 1 December 2026. This page is independent study support and is not affiliated with or endorsed by III.
What you'll study
About III IC-71 preparation
What is IC-71?
IC-71 is one of the Professional Examination subjects offered by the Insurance Institute of India, the institute that also awards the Licentiate, Associateship and Fellowship designations. It is listed on III's Professional Examination syllabus page. Check that page for the current subject title, syllabus and prescribed reading before you enrol, because III periodically revises study materials.
Who should take IC-71?
It suits insurance professionals who want a formal III qualification alongside their job - typically people in marketing, distribution, underwriting, claims or operations - and candidates progressing through the Associateship or Fellowship ladder. If you are new to insurance, start with the foundational subjects first so the terminology in IC-71 is not unfamiliar.
What is the exam format and how long is it?
III runs its Professional Examinations online, and the homepage links an online examination schedule and help manuals for candidates. The retrieved homepage does not state IC-71's paper pattern, number of questions, duration or marks, so confirm these on the current syllabus and examination schedule pages rather than relying on older material or hearsay.
How much does it cost and what is the passing score?
III states that Professional Examination fees were revised with effect from 1 April 2026, but the revised amounts are not published on the homepage, so check the fee structure page for the current figure. The passing score is also not stated in the retrieved source; confirm it in the examination regulations. E-books carry 5% GST from 20 March 2026.
Can I get an exemption from IC-71?
III operates an exemption route for Professional Examinations, with a dedicated exemption page and fee structure. For the December 2026 session, the exemption application link becomes available from 1 December 2026. Eligibility depends on your prior qualifications and subjects already passed, so read the exemption regulations before the window opens.
How should I prepare, and in what order?
Get the latest study course material for IC-71 first - III introduced revised materials from the June 2026 Online Examination and new and revised materials from September 2026, so older copies may be out of date. Read the material once end to end, then work through the model question bank and past question papers, and finish by practising under timed conditions.
Why do candidates fail IC-71?
The usual causes are studying from superseded study material, skipping the model question bank, and writing vague answers that name a concept without explaining how it applies. In insurance marketing topics, candidates often memorise definitions but cannot connect them to distribution, regulation or customer outcomes. Read the question, structure the answer, and use insurance terminology precisely.
Can I retake the exam if I fail?
III holds Professional Examinations in sessions through the year, and candidates register through the Apply for Examination route for each session. The retrieved homepage does not state a retake limit or waiting period, so check the Professional Examination regulations and the current online examination schedule for the next available session and any restrictions.
Where do I register and download materials?
Use the III website: the Professional Exam section for new and already-registered candidates, the Study Material pages for hard copy, e-book and audio book purchases, and the FAQ – Professional Exam and FAQ – Study Course pages for common issues. Photo and signature upload and help manuals are linked there too. This page is independent and not affiliated with III.