III IC-85 study guide
III IC-85 · Work through your exam, one topic at a time.
IC-85 is a paper code in the professional examination series of the Insurance Institute of India, the body that runs the Licentiate, Associateship and Fellowship programmes listed on its site. Candidates who search for IC-85 are usually insurance professionals in India building credit toward those designations, or working in a related technical area who need a structured, examinable grounding in the subject the paper covers. The Institute's public home page does not publish the IC-85 syllabus, its title, the number of questions, the duration, the pass mark, the fee, or the retake rules; those details sit in the syllabus and regulations pages and in the study material section. What the site does confirm is the surrounding machinery: examinations are delivered online, slot booking for the December 2026 online examination runs from 05-11-2026 to 11-11-2026, the exemption application link for that session opens on 1st December 2026, professional examination fees were revised with effect from 1st April 2026, and new and revised study course materials apply from September 2026. Topics on this exam: Subject content for IC-85 (not enumerated in the official source). The III IC-85 study guide has 1 section and about 416 words.
01III IC-85 - Subject Content: Principles, Policy Lifecycle and Regulation
IC-85 is an Insurance Institute of India paper, and the official source does not itemise its units, so marks spread across the whole subject area. Questions cluster around the legal principles that decide whether a loss is payable, the policy lifecycle from proposal to claim, and the Indian regulatory framework that governs insurers and intermediaries. Insurable interest - must exist at inception for life insurance; at the time of loss for property and liability covers. Utmost good faith - every material fact must be disclosed; non-disclosure or misrepresentation makes the contract voidable at the insurer's option.
416 words, about 2 min