What is IC-92?
IC-92 (Actuarial Aspects of Product Development) is a compulsory Fellowship-level examination offered by the Insurance Institute of India (III). Actuarial aspects of product development — pricing, profit-testing and the design of insurance products.
How many questions are in the IC-92 exam?
The IC-92 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-92?
You need to score at least 60% to pass IC-92. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-92 carry?
IC-92 carries 40 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.