What is IC-104?
IC-104 (Products of Life Insurance) is an optional Optional-level examination offered by the Insurance Institute of India (III). Products of life insurance — the range of life products, riders, ULIPs and how they meet customer needs.
How many questions are in the IC-104 exam?
The IC-104 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-104?
You need to score at least 60% to pass IC-104. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-104 carry?
IC-104 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.