LICENTIATE EXAM SYLLABUS
LICENTIATE EXAM SYLLABUS
Licentiate Exam Syllabus Overview
The Licentiate exam consists of two essential papers: Life Insurance and General Insurance. Clearing this exam is crucial for anyone aspiring to build a successful career in the insurance sector. Passing the Licentiate exam not only qualifies you as an Insurance Agent but also opens up numerous opportunities within the industry.
Understanding the differences between Life and Non-Life Insurance is vital for success in this field, as it offers various career paths. With dedicated preparation using practice papers and mock tests, passing the exam becomes attainable.
Exam Pattern
- Total Questions: 10 (Candidates must answer any 8)
- Mandatory Question: 1 (carries 16 marks)
- Remaining Questions: 12 marks each
- Each question has sub-questions designed to cover the entire syllabus.
Important: Keep yourself updated with the latest notices and syllabus changes by visiting the official website.
Exam Syllabus
- Advantages and Disadvantages of Self Insurance
- Aims and Objectives of Insurance Regulations
- Asbestosis and Workmen’s Compensation
- Family Floater Health Insurance
- Coinsurance
- Concepts of Risks and Their Types
- Constructive Total Loss
- Essentials of a Valid Contract in Insurance
- Exclusion Clauses
- Fidelity Guarantee Policy
- General Average in Insurance
- General Insurance Business
- Government as Insurer
- Indemnity Principles
- Insurable Interest
- Life Insurance Business Overview
- Risk Management Strategies
- Particular Average
- Registration of Brokers
- Reinstatement Value
- Risk Sharing and Transfer
- Salvage Procedures
- Self-Insurance Practices
- Solvency Requirements
- Subrogation in Insurance
- Sue and Labour Clauses
- Lloyd’s Insurance Contracts and Parties Involved
Eligibility Criteria
To be eligible for the Licentiate exam, candidates must meet the following requirements:
- Completion of Matriculation, SSLC, SSC, or equivalent.
- At least three years of work experience with an insurer, either in the corporate office or field, before applying.
By fulfilling these criteria and practicing with mock tests, candidates can confidently approach the Licentiate exam. For practice papers and more resources, visit www.iexamworld.com.