III IC-81 study plan

Map the IC-81 syllabus into a one-page topic inventory, grouping every listed item under the insurance fundamentals, policy documentation, underwriting, claims, and regulation headings you can identify

Define the core principles of insurance in your own words, including insurable interest, indemnity, utmost good faith, proximate cause, and contribution, and give one worked example of each

Distinguish the main classes of general insurance business and the types of risk each is designed to cover

Build a glossary of 40 technical terms you meet this week, each with a one-line definition and the section of the syllabus it belongs to

Explain the structure and purpose of a policy schedule, wording, endorsements, and warranties, and identify where each appears in a specimen document

Trace the life cycle of a policy from proposal through acceptance, renewal, cancellation, and lapse, noting the rights created at each stage

Compare the roles of the insurer, insured, agent, broker, surveyor, and third-party administrator in the distribution and servicing chain

Solve ten short scenario questions on policy interpretation and record where your reasoning failed

Summarise the underwriting process end to end, including information gathering, risk assessment, rating factors, and acceptance terms

Explain how premium is built up from risk premium, expenses, and loading, and calculate a simple gross premium from given components

Describe the purpose and mechanics of reinsurance, distinguishing facultative from treaty arrangements and proportional from non-proportional covers

Draft a checklist an underwriter would use before accepting a mid-sized commercial risk

Describe the claims process from intimation through survey, documentation, assessment, and settlement, and list the evidence normally required for each major class

Explain the duties of the insured after a loss and the consequences of breach on the claim

Apply the principle of indemnity to total loss, partial loss, salvage, and underinsurance situations with worked figures

Identify the main dispute-resolution routes for a repudiated claim and what each requires of the policyholder

Outline the regulatory framework governing insurance business, naming the principal regulator and its core functions

Summarise the duties and conduct standards expected of intermediaries, including disclosure, record-keeping, and client-money handling

Explain the role of grievance-redressal machinery and the ombudsman route available to policyholders

List the key prudential requirements placed on insurers, such as solvency margin and capital adequacy, and state why each exists

Revisit every topic flagged as weak in weeks 1 to 5 and close each gap with a written explanation of at least five sentences

Practise 30 mixed questions under exam timing and log accuracy by topic area

Rewrite your glossary to 60 terms, adding any term you met in practice questions that you could not define on sight

Explain the interaction between the principles of insurance and the regulatory duties that enforce them

Complete two full-length mock papers under timed conditions and mark them strictly against the syllabus

Analyse every error by cause: knowledge gap, misread question, or calculation slip, and count each category

Drill the highest-frequency error category with 20 targeted questions

Rehearse concise written answers to descriptive questions, keeping each to the marks available

Work through the week 7 fix list and close every knowledge-gap item

Complete one final timed mock and aim to beat your week 7 score

Recite the 60-term glossary and the regulation summary sheet from memory in a single pass

Confirm exam-day logistics, permitted materials, and your time allocation per section