IC 38 is a pre-requirement exam for protection operators in India. The Insurance Regulatory and Development Authority of India (IRDA), and the Insurance Institute of India conduct this exam. This exam covers a long range of subjects like protections, non-life protections, counting life protections, and well-being protections.
In this article, we will share with you all the related information about the IC 38 exam which is also known as the IRDA insurance advisor exam or IRDA insurance agent exam. The article includes IC38 details, the Syllabus of the exam, Eligibility criteria, exam results, admit cards, and exam fees.
What is the IRDA IC 38 exam?
Any person who wants to become an insurance advisor needs to clear the IC 38 exam. This exam has a wide range of subjects related to insurance. IC 38 is the first step in the process of becoming an IRDA Agent/Insurance Advisor.
IC 38 is a traditional way to become an insurance advisor and after that, you can earn a commission for selling policies. You can sell insurance products but only for the insurance company in which you are enrolled as an insurance advisor.
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This insurance agent exam consists of 50 questions and candidates need 35% percent to pass this exam which means 18 Marks. If you score 17 Marks then the authority gives you 1 grace mark so that you can pass the exam. After passing this exam you can be a professional insurance agent.
IC 38 exam details
| Event | Information |
| IC | Insurance Agents Exam |
| IRDA | Insurance Regulatory and Development Authority of India, Insurance Institute of India |
| Number of questions | 1 hour 50 min |
| Number of qoestions | 50 |
| Exam Language | English |
| Exam Mode | Online platform |
| Validity | MCQ |
| Validatiy | Number of questions |
| Passing Marks | 35% / 18 Marks |
| Exam Code | IC 38 |
IC 38 Exam Eligibility
To become an Insurance Advisor and appear for the IC 38 exam, the candidate should have the following eligibility criteria mentioned below:
- Candidate must be 18 years old when he/she is taking the exam.
- As per IRDA regulation 2000, the minimum qualification for taking the exam is candidates must have at least 12 passes.
- If a candidate is from an urban region and the population of the region is less than 5000 then according to regulation 4 of IRDA regulation 2000, 10 pass candidates are also eligible to appear in the exam.
IC 38 Exam Syllabus
IC 38 exam covers a wide range of subjects like protections, non-life protections, counting life protections, and well-being protections. So for the IC 38 Exam, the topics are mentioned below. Read them carefully so you won’t miss any information about the insurance advisor exam:
Section 1
COMMON CHAPTERS
- Introduction to Insurance
- Customer Service
- Grievance Redressal Mechanism
- Regulatory Aspects of Insurance Agents
- Legal Principle of an Insurance Contract
Section 2
LIFE INSURANCE
- What Life Insurance Involves
- Financial Planning
- Life Insurance Products – I
- Life Insurance Products – II
- Applications for Life Insurance
- Pricing and Valuation in Life Insurance
- Documentation – Proposal Stage
- Documentation – Policy Condition – I
- Documentation – Policy Condition – II
- Underwriting
- Payments Under a Life Insurance Policy
Section 3
HEALTH INSURANCE
IC 38 exam fee
The Exam fee that you have to pay for the insurance advisor exam/IC 38 exam is INR1000. which you can pay online through a Debit card Or Credit card.
IC 38 exam admit card
To download the admit card candidate need to follow the steps which are mentioned below:
- First, you have to visit the official website which is iiiexams.org.
- Then you can see the home page of IRDA
- Then click on the IRDA Admit Card 2024 Link
- The next step is to fill the all registration details like DOB, and password correctly.
- Click of submit
- Now you can see the IRDA exam Admit card on your screen
- The final step is to download your hall ticket 2024 PDF
IC 38 exam result
On behalf of the Insurance Regulatory and Development Authority, the Insurance Institute of India releases the exam notification. The result of the exam is immediately shown on the screen but the complete scorecard can be downloaded from the official website at iiiexams.org.
Candidates should enter their URN, exam date, and DOB in order to access the IRDA exam scorecard. The Insurance Institute of India will issue the IRDA result certificate for all the candidates qualifying as per the IRDA scorecard.
FAQ
What is the IC38 exam for?
The insurance advisor/IC38 exam is conducted by IRDA for individuals who want to become licensed insurance advisor
Priya Bansal is a seasoned education writer with a passion for creating insightful and engaging content. With a background in education and a knack for research, she excels at producing articles, blogs, and resources that inform and inspire. Priya’s work contributes to the enrichment of educational discourse and empowers learners of all ages.
