What is IC-24?
IC-24 (Legal Aspects of Life Assurance) is an optional Optional-level examination offered by the Insurance Institute of India (III). Legal aspects of life assurance — contract law, nomination, assignment and the legal framework around life policies.
How many questions are in the IC-24 exam?
The IC-24 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-24?
You need to score at least 60% to pass IC-24. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-24 carry?
IC-24 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.