III IC-72 study plan

Map the full IC-72 syllabus into a one-page topic inventory, grouping items by theme (insurance fundamentals, life and non-life products, underwriting, claims, regulation, customer service).

Define the examination's likely question styles by writing down the command words you expect (state, explain, distinguish, calculate) and what each demands in answer length.

Set up a revision system: a master error log, a formula sheet, and a glossary file with space for 200 terms.

Complete a first pass over the highest-weight theme identified in your syllabus map and write a 300-word summary in your own words.

Explain the core principles of insurance (insurable interest, utmost good faith, indemnity, subrogation, contribution, proximate cause) and give one worked example of each.

Distinguish the main classes of insurance business and the products typically sold in each.

Calculate simple premium and claim settlement figures from a stated sum insured, rate, and deductible, showing each step.

Draft 10 short-answer questions of your own on this week's material and answer them closed-book.

Trace the life-cycle of a policy from proposal through underwriting, issuance, endorsement, renewal, and termination, noting the documents produced at each stage.

Summarise the underwriting decision factors for life and for non-life risks in two comparison tables.

Identify the standard exclusions and conditions found in typical policy wordings and explain why each exists.

Answer 20 mixed-format practice questions under timed conditions (1 minute per mark).

Explain the claims process end to end, including intimation, survey or investigation, documentation, assessment, and settlement or repudiation.

Apply the principle of indemnity to at least five claim scenarios and justify the amount payable in each.

Describe the role and duties of agents and intermediaries, and the conduct expected of them toward policyholders.

Consolidate weeks 1-4 by rewriting the 10 weakest glossary entries from memory.

Outline the regulatory framework governing insurance business, naming the key statutory bodies and their functions at a level of detail you can reproduce from memory.

Explain the main policyholder-protection mechanisms, including grievance redressal routes and complaint escalation.

Summarise the capital, solvency, and reporting obligations placed on insurers in plain language.

Draft a one-page cheat sheet of regulator names, abbreviations, and functions.

Describe the principles of customer service and ethical selling, and apply them to three realistic conflict scenarios.

Explain the anti-money-laundering and know-your-customer expectations relevant to insurance sales and claims.

Practise the calculation questions you found hardest in weeks 2-4 until you can complete each type without notes.

Write full-length answers (roughly 150 words) to four long-form practice questions and self-mark against a checklist.

Complete a full-length timed mock under exam conditions and record the score by section.

Diagnose your three weakest areas from the mock and write a targeted remediation list for each.

Re-derive every formula and definition on your cheat sheet from memory in a single sitting.

Rehearse concise definitions aloud for the 50 most likely terms so recall is verbal as well as written.

Re-attempt every question in your error log and confirm each is now answered correctly without notes.

Complete two half-length timed sets on your two weakest areas and compare scores to week 7.

Condense all notes into a final two-page revision sheet covering definitions, formulas, and regulation names.

Plan exam-day logistics: timing per section, order of attempt, and a rule for when to abandon a question.