III IC-84 study guide
III IC-84 · Work through your exam, one topic at a time.
IC-84 is a subject code in the Insurance Institute of India's professional examination family, which the Institute lists under its Professional Examinations alongside the Licentiate, Associateship and Fellowship streams and a range of Specialised Diploma courses. Candidates typically encounter it as one paper within a structured study programme rather than as a stand-alone licence. The Institute administers these examinations in two sessions each year, and current sessions are conducted online. The syllabus is organised around five practical areas: principles and practice of insurance, insurance business regulation and compliance, underwriting and risk assessment, claims management and loss assessment, and distribution, marketing and customer service. The III IC-84 study guide has 5 sections and about 1,654 words.
01Principles and Practice of Insurance
This domain tests the legal principles that underpin every insurance contract and how they are applied in underwriting, claims and distribution. Expect questions on insurable interest, indemnity, utmost good faith, proximate cause, contribution, subrogation and salvage.
403 words, about 2 min02Insurance Business Regulation and Compliance
This domain tests the regulatory framework, licensing, solvency, conduct and compliance obligations that govern insurers and intermediaries. Statutes : Insurance Act 1938, IRDA Act 1999 and IRDAI regulations.
342 words, about 2 min03Underwriting and Risk Assessment
This domain tests how insurers select, classify, price and control risks, and how they use terms, deductibles and reinsurance. Information : proposal form, medical examinations, financial evidence, inspection reports, claims history, credit and fraud checks.
318 words, about 2 min04Claims Management and Loss Assessment
This domain tests the claims lifecycle, loss quantification, fraud control and recovery rights. Notification : immediate intimation, claim registration, policy verification.
289 words, about 1 min05Insurance Distribution, Marketing and Customer Service
This domain tests distribution channels, ethical marketing, suitability and service standards. Channels : individual agents, corporate agents, brokers, bancassurance, direct online, web aggregators and micro-insurance agents.
302 words, about 2 min