What is IC-103?
IC-103 (Distribution Channels Management in Insurance) is an optional Optional-level examination offered by the Insurance Institute of India (III). Distribution channel management — agency, bancassurance, brokers, digital channels, sales strategy and ethics.
How many questions are in the IC-103 exam?
The IC-103 exam has 100 MCQs to be answered in 120 minutes (2 hours). All questions must be attempted — there is no negative marking.
What is the pass mark for IC-103?
You need to score at least 60% to pass IC-103. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-103 carry?
IC-103 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.