How to Pass the Licentiate Exam the First Time

How to Pass the Licentiate Exam on Your First Attempt

The Insurance Institute of India promotes insurance education and training through various examinations. The Licentiate exam is an excellent starting point for pursuing a specialized certificate in the insurance sector. The exams are categorized into three levels: Licentiate, Associateship, and Fellowship.

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Exam Structure

1. Licentiate Exam

   • Content: Two mandatory papers:
     • Principles of Insurance
     • Insurance Practice (Life and Non-Life)
   • Optional Paper: One from the professional exam curriculum.
   • Passing Criteria: Candidates must complete all required Licentiate papers and accumulate 60 credit points.

2. Associateship Exam

   • Content: Focus on either Life or Non-Life subjects or both.
   • Requirements: Familiarity with practical aspects of the chosen topics.

3. Fellowship Exam

   • Content: Highest level of examination with advanced studies in specific insurance fields.

Licentiate Exam Papers

• Licentiate in Life Insurance

  • Three papers:
    • Principles of Insurance (IC 01)
    • Practice of Life Insurance (IC 02)
    • Insurance Business Regulation (IC 03)

• Licentiate in General Insurance

  • Three papers:
    • Principles of Insurance (IC 01)
    • Practice of General Insurance (IC 11)
    • Insurance Business Regulation (IC 14)

Tips for Success

• Take Mock Tests: Utilize the Insurance Institute of India Mock Test to familiarize yourself with the exam format and improve your chances of passing on the first attempt.

• Use One Wish Publication Resources:

  • Their practice exams are designed to ensure you pass your exam on the first try.
  • Detailed explanations for almost every question help in understanding and retention.
  • Mathematical questions come with step-by-step solutions.

• Unlimited Practice Opportunities:

  • Practice for six months, with an additional one-month free extension if necessary.

• Focused Question Selection: The question bank includes only the most crucial questions, helping students save time and increase their chances of success.

By following these guidelines and utilizing the right resources, candidates can enhance their preparation and confidently approach the Licentiate exam.

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