What is IC-57?
IC-57 (Fire and Consequential Loss Insurance) is an optional Optional-level examination offered by the Insurance Institute of India (III). Fire and consequential (business interruption) loss insurance — perils, policy structures, rating and claims.
How many questions are in the IC-57 exam?
The IC-57 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-57?
You need to score at least 60% to pass IC-57. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-57 carry?
IC-57 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.