What is IC-45?
IC-45 (General Insurance Underwriting) is a compulsory Associateship-level examination offered by the Insurance Institute of India (III). General insurance underwriting — risk selection, rating structures, retention and the underwriting cycle for non-life business.
How many questions are in the IC-45 exam?
The IC-45 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-45?
You need to score at least 60% to pass IC-45. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-45 carry?
IC-45 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.