III Licentiate Foundation Level Free to start

Clear the III Licentiate — Free Mock Tests, Real Questions & Notes

The Licentiate is your first step in the Insurance Institute of India (III) professional certification. Certena gives you exam-style questions for every Licentiate paper, free timed mock tests, chapter notes, and a study plan to reach your 60 credits — so you pass with confidence.

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60
Credits to qualify
60%
To pass each paper
120 min
Per paper
₹0
To get started

The Licentiate papers

Earn 60 credits: clear the two compulsory papers below (40 credits), then top up with one optional paper such as IC-14 Regulations of Insurance Business.

IC-01
Principles of Insurance
IC-02
Practice of Life Insurance
IC-11
Practice of General Insurance
IC-14
Regulations of Insurance Business (optional top-up)

IC-01 is compulsory for everyone. Take IC-02 if you're on the life stream or IC-11 for general — you don't need both. Browse all III subjects →

Everything you need to clear the Licentiate

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Real exam-style MCQs
Practice questions for IC-01, IC-02 and IC-11, aligned to the Licentiate syllabus.
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Free timed mock tests
Full-length papers that mirror the real 120-minute online exam.
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Instant explanations
Every question comes with a clear explanation of the correct answer.
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Chapter notes
Concise notes for each paper to revise before you practise.
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Study plan to your date
Set your exam date and get a week-by-week plan that tells you what to study next.
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Spaced revision
Questions you miss resurface at the right time so they stick.

How it works

1️⃣
Sign up free
Create your account in under a minute — no payment needed to start.
2️⃣
Pick your stream
Choose life or general and select your Licentiate papers.
3️⃣
Practise & pass
Take mocks, review explanations, and follow your plan to 60 credits.

Frequently asked questions

What is the III Licentiate?
The Licentiate is the foundation level of the Insurance Institute of India (III) professional certification. It is the first of three levels — Licentiate, Associateship and Fellowship — earned through a credit-point system. You qualify for the Licentiate by earning 60 credit points.
Which papers do I need for the Licentiate?
Two compulsory papers: IC-01 Principles of Insurance, plus one practice paper for your stream — IC-02 Practice of Life Insurance or IC-11 Practice of General Insurance. Together they give 40 credits; you top up to 60 with one optional paper, for example IC-14 Regulations of Insurance Business.
What is the exam format and pass mark?
Each paper is an online multiple-choice exam of 120 minutes for 100 marks. You need 60% to pass, and 75% or above earns a distinction. There is no negative marking and a calculator is allowed. Always confirm the current format against the latest III notification.
Is Certena free for Licentiate preparation?
Yes — you can practise Licentiate questions and take mock tests for free. Certena Pro is an optional upgrade (₹899/month or ₹2,999/year) for unlimited mock exams across every subject.
Is Certena affiliated with III or IRDAI?
No. Certena is an independent exam-preparation tool and is not affiliated with, endorsed by, or officially connected to the Insurance Institute of India (III) or IRDAI.

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