IC-72 Motor Insurance
IC-72 Motor Insurance is a 30-credit optional paper in the general insurance stream, and for most candidates it is the most practical paper they will sit. Motor is the largest general insurance class in India by premium, so the material maps directly onto work many candidates already do.
Why motor is worth choosing
If you are picking optionals for your Associateship, IC-72 has three things going for it. The subject matter is concrete rather than abstract. Much of it is statutory, so answers are definite rather than a matter of judgement. And if you work anywhere near claims or underwriting, you have already seen most of it.
The trade-off is that "definite" also means "precise". Examiners ask for exact liability positions, and an approximately right answer earns nothing.
What the paper deals with
- The Motor Vehicles Act framework — why third-party cover is compulsory, who it protects, and what that obligation means for an insurer.
- Third-party liability versus own damage — the two halves of a motor policy, and why they behave completely differently at claim stage.
- Policy forms by class of vehicle — private car, two-wheeler and commercial, each with its own rating and claims character.
- Rating — how insured declared value, cubic capacity, geography, vehicle age and claims history combine into a premium.
- No Claim Bonus — earning it, losing it, transferring it.
- Claims — accident, theft, total loss and salvage, and the documentation each needs.
- The tribunal route — how third-party claims are adjudicated, and why that differs from an own-damage settlement.
Check your edition's contents page for the definitive chapter list.
The topics that repay study
Get the compulsory-cover boundary exact. The most testable idea in the paper is what compulsory cover does and does not extend to. Candidates who state that boundary crisply collect marks that vaguer answers lose.
Learn No Claim Bonus as rules, not as a concept. NCB questions are numerical and unforgiving — the slabs, what breaks the chain, what happens on transfer.
Understand total loss and salvage properly. This is where own-damage claims turn on definitions and settlement mechanics.
Know why motor runs at a loss industry-wide. Questions on the class's economics reward candidates who understand why third-party experience behaves as it does.
How to prepare
Motor rewards question practice more than most papers because so much of it is rule-based recall. Read a chapter, then test yourself on it immediately instead of reading the next one — the evidence on active recall is unambiguous that this is faster.
The exam is 120 minutes for 100 marks, every question compulsory, no negative marking — so never leave a blank. On a rule-based paper, a considered guess between two surviving options is always worth taking.
Certena serves 445 verified IC-72 questions, the largest bank we hold for any subject, so you can meet the same rule from several angles until it sticks. Start with short sets to find weak chapters, then move to full-length timed mocks.
Pair IC-72 with IC-11 Practice of General Insurance for context and IC-45 Underwriting for the risk-selection side.