IC-45 Compulsory · Associateship General Insurance

General Insurance Underwriting — Mock Tests & Exam Prep

General insurance underwriting — risk selection, rating structures, retention and the underwriting cycle for non-life business.

100
Questions per exam
2 hrs
Exam duration
60%
Pass mark
30
Credit points

What you'll practise

📝
Real exam-style MCQs
Question bank aligned to the III syllabus for IC-45.
Timed mock exams
Full 100-question, 2-hour papers that mirror the real III format.
💡
Instant explanations
Every question includes a clear explanation of why the answer is correct.
🔁
Spaced repetition
Missed questions resurface at the right time so you retain them.

Chapters covered

  1. 1.Introduction to Underwriting
  2. 2.Methodology and Procedures
  3. 3.Principles of Rate Making
  4. 4.Rating Approaches & Pricing Methods
  5. 5.IRDA File & Use Guidelines
  6. 6.File & Use Applications
  7. 7.Tools of Underwriting
  8. 8.Types of Policies
  9. 9.Underwriting Profitability
  10. 10.Protection of Policyholders
  11. 11.R&D and Product Innovation
  12. 12.IT Applications

Frequently asked questions

What is IC-45?
IC-45 (General Insurance Underwriting) is a compulsory Associateship-level examination offered by the Insurance Institute of India (III). General insurance underwriting — risk selection, rating structures, retention and the underwriting cycle for non-life business.
How many questions are in the IC-45 exam?
The IC-45 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-45?
You need to score at least 60% to pass IC-45. Scoring 75% or above earns a Distinction grade.
How many credit points does IC-45 carry?
IC-45 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.

Related subjects

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