IC-46 Compulsory · Associateship General Insurance

General Insurance Accounts Preparation & Regulation of Investment — Mock Tests & Exam Prep

General insurance accounts — revenue accounts, balance sheets, IRDAI financial reporting and the regulation of investments.

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100

Questions per exam

2 hrs

Exam duration

60%

Pass mark

Credit points

What you'll practise

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Real exam-style MCQs

Question bank aligned to the III syllabus for IC-46.

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Timed mock exams

Full 100-question, 2-hour papers that mirror the real III format.

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Instant explanations

Every question includes a clear explanation of why the answer is correct.

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Spaced repetition

Missed questions resurface at the right time so you retain them.

Chapters covered

1.Financial Accounting — Meaning and Scope
2.Accounting Concepts, Principles and Convention
3.Accounting Standards — AS and Ind AS
4.Accounting Policies
5.Accounting Process
6.Accounting Methods, Procedures and Control
7.Depreciation Accounting
8.Bank Reconciliation Statement
9.Introduction to Company Accounts
10.General Insurance Accounting Process and Techniques
11.Insurance Accounting Regulations
12.Preparation and Presentation of Financial Statements
13.Reinsurance Accounting
14.IRDAI Investment Regulations 2016
15.Investment Accounting
16.Annual Reports
17.Statutory Audit
18.Internal Audit
19.Goods and Services Tax

Frequently asked questions

What is IC-46?

IC-46 (General Insurance Accounts Preparation & Regulation of Investment) is a compulsory Associateship-level examination offered by the Insurance Institute of India (III). General insurance accounts — revenue accounts, balance sheets, IRDAI financial reporting and the regulation of investments.

How many questions are in the IC-46 exam?

The IC-46 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-46?

You need to score at least 60% to pass IC-46. Scoring 75% or above earns a Distinction grade.

How many credit points does IC-46 carry?

IC-46 carries 30 credit points. These count toward your III certification — 60 credits for Licentiate, 250 for Associateship, 490 for Fellowship.