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About this exam

IC-74 Liability Insurance is one of the professional examinations listed by the Insurance Institute of India under its Professional Examination study material range, alongside subjects such as Fire and Consequential Loss Insurance, Marine Insurance and Group Insurance. It is aimed at insurance professionals who work with liability products - underwriters, claims handlers, brokers and agents - and who want a formal, Institute-assessed qualification in that line rather than a general insurance paper. Because the Institute treats IC-74 as a single subject in its study material list, the paper is wholly concerned with liability insurance; there are no separate weighted sections to balance. Preparation therefore follows the Institute's own route: obtain the current study material for IC-74, work through it against the syllabus, and sit the online examination in the session you register for. Two timing points matter. The Institute states that new and revised study course materials apply from the September 2026 online examination, and that revised materials were introduced from the June 2026 online examination, so confirm which revision is in force before you buy. Professional examination fees were revised with effect from 1 April 2026, and e-books carry 5% GST from 20 March 2026. This page is independent study support and is not affiliated with or endorsed by the Institute; always verify registration windows, fees and material revisions on the official site.

What you'll study

Common questions

About III IC-74 preparation

Is IC-74 the same as the liability insurance paper listed on the Institute's site?

Yes. The Institute lists the subject as "IC-74 -Liability Insurance" among its professional examination study materials, in the same list as IC-57 Fire and Consequential Loss Insurance, IC-67 Marine Insurance and IC-45 General Insurance Underwriting. Treat the official listing as the authoritative name when you register or buy material.

What format is the IC-74 examination?

The Institute's site refers to online examinations and publishes an online examination schedule, but it does not state the IC-74 paper's question count, duration or format on the page reviewed. Do not rely on second-hand figures. Check the online examination schedule and the IC-74 listing on the official site before you plan your sitting.

What is the passing mark for IC-74?

The source does not state a passing score for IC-74. The only passing-related item published is a grace passing marks notice for the IC-38 examination, which is a different paper and does not apply here. Confirm the pass mark through the Institute's professional examination regulations rather than assuming a figure.

How much does it cost and when do I pay?

Professional examination fees were revised with effect from 1 April 2026, but the revised amount is not stated in the source. Study material is a separate purchase: hard copy, e-book and audio book are priced separately, and 5% GST applies to e-books from 20 March 2026. Check the current price list before paying.

Which study material revision should I buy?

The Institute announces that new and revised study course materials apply from the September 2026 online examination, and separately that revised materials were introduced from the June 2026 online examination. Buy the revision that matches the session you are sitting, and check the addendum page for IC-74 for corrections issued after printing.

Can I get an exemption from IC-74?

The Institute runs an exemption route and publishes credits for prior learning, but it does not list IC-74-specific exemption criteria on the page reviewed. The exemption application link for the December 2026 session becomes available from 1 December 2026. Read the exemption rules and fee structure before assuming eligibility.

If I fail, how soon can I retake it?

The source does not publish a retake policy or waiting period for professional examinations. What it does publish is a session structure, with sittings such as June and September 2026 and a December 2026 session, plus an online examination schedule. Plan a retake against the next published session rather than an assumed cooling-off period.

In what order should I study for a liability paper?

Start with the legal foundations of liability, then move to the specific liability covers and finally to underwriting and claims. Read the IC-74 syllabus first so your notes map to its headings, and use the addendum page to catch corrections. This sequence keeps the coverage chapters meaningful instead of a list of isolated clauses.

What are the common ways candidates lose marks?

Three recurrences: studying from an outdated material revision after a syllabus change, memorising policy wordings without being able to explain exclusions and conditions, and skipping the legal basis that liability covers rest on. Another is ignoring addenda. Confirm your material revision matches your session and test yourself on exclusions, not just covers.

Is this page officially connected to the Insurance Institute of India?

No. This is independent study support and is not affiliated with, endorsed by, or acting for the Insurance Institute of India or the College of Insurance. Registration, fees, schedules, exemptions and results must be handled through the Institute's own website and its published regulations.