What is IC-14?
IC-14 (Regulations of Insurance Business) is an optional Optional-level examination offered by the Insurance Institute of India (III). Regulation of insurance business — the IRDAI framework, the Insurance Act 1938, intermediaries and consumer protection.
How many questions are in the IC-14 exam?
The IC-14 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-14?
You need to score at least 60% to pass IC-14. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-14 carry?
IC-14 carries 20 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.