IRDA IC38 Insurance Agent Mock Test 2024: Practice Free Online IC-38 Question Papers
Practice free online IRDA Insurance Agent Certification sample mock test series: Download IRDAI solved model exam PDF papers with previous years' questions and answers.
What is IRDA Insurance Exam?
The Insurance Institute of India (III), conducts various insurance agent/advisor certification examinations on behalf of IRDAI (Insurance Regulatory and Development Authority of India). As per IRDAI (Licensing of Insurance Agents) Regulations 2000, an insurance agent/advisor licence is required to work for an insurance company/institution. Those who want to work in the field of insurance can apply for IRDA certificate/Diploma exams (Licentiate, Associateship, Fellowship).
What is IRDA Mock Test?
IRDA Mock Tests are model tests for the online practice of the IRDA exam. This helps students create a better exam preparation strategy. If you treat IRDA mock tests as actual tests, you will perform well in the actual Insurance Regulatory and Development Authority (IRDA) exams as well. So instead of just rote learning concepts, practice IRDA mock tests to measure your strengths and weakness. IRDA mocks will help you in developing an effective study strategy.
As per the new exam pattern, it is necessary to include IRDA practice tests in your preparation strategy. We, at Testmocks, have designed IRDA mock test series that will provide you with in-depth coverage of the latest syllabus.
Eligibility Criteria for IRDA Certification Examinations
Candidates can appear in maximum 6 papers in any one of the IRDA examinations: Licentiate Certificate, Associateship Diploma, Fellowship Diploma.
| Exam | Prerequisite |
|---|---|
| Registration for the compulsory subjects of the Associateship Exam | Licentiate Certificate |
| Registration for the compulsory subjects of the Fellowship Exam | Associateship Diploma |
IRDA Insurance (Agents/ Intermediaries) Exam-wise Passing Marks
| Intermediary | Person | Syllabus | Passing Marks |
|---|---|---|---|
| Agent | IC-38 | 35% | |
| Web Aggregators | Principal Officer | IC-38 | 50% |
| Authorised Verifier | IC-38 | 35% | |
| Corporate Agent | Principal Officer | IC-38 | 50% |
| Specified Person | IC-38 | 35% | |
| Authorised Verifier | IC-38 | 35% | |
| Insurance Marketing Firm | Principal Officer | IC-38 | 50% |
| Insurance Sales Person | IC-38 | 35% | |
| CSC-SPV | Principal Officer | CSC-SPV | 50% |
| VLE-RAP | CSC-SPV | 35% | |
| Point of Salesperson | CSC-SPV | 35% | |
| Brokers | Principal Officer | Brokers | 50% |
| Broker Qualified Person | Brokers | 50% | |
| Authorised Verifier | Brokers | 35% |
What is Credit Point System (CPS) in IRDAI Certification Exams?
The Credit Point System (CPS) in IRDAI exams provides flexibility to the candidates to choose subjects of his/her choice and accumulate credit points. Each subject (Licentiate, Associateship, Fellowship) of study is assigned credit points, keeping in view, the level of IRDAI certification examination and the difficulty level of the subject.
IDRA Exam Validity Period | Minimum Credit Points for Passing the IRDAI Certification Examinations
| IRDAI Exams | Minimum Credit Points | Validity |
|---|---|---|
| Licentiate Certificate | 60 credit points | 7 Years |
| Associateship Diploma | 250 credit points | |
| Fellowship Diploma | 490 credit points |
Licentiate Exam Credit Points: IC-01, IC-02, IC-11
| Exam Code | Exam Name | Credit Points |
|---|---|---|
| IC - 01 | Principles of Insurance | 20 Credit Points |
| IC - 02 | Practice of Life Insurance | 20 Credit Points |
| IC - 11 | Practice of General Insurance | 20 Credit Points |
Associateship Exam Credit Points: IC-22, IC-45, IC-26, IC-46
| Exam Code | Exam Name | Credit Points |
|---|---|---|
| IC - 22 | Life Insurance Underwriting | 30 Credit Points |
| IC - 45 | General Insurance Underwriting | 30 Credit Points |
| IC - 26 | Life Insurance Finance | 30 Credit Points |
| IC - 46 | General Insurance Accounts Preparation and Regulation of Investment | 30 Credit Points |
Fellowship Exam Credit Points: IC-28, IC-47, IC-81, IC-84, IC-92
| Exam Code | Exam Name | Credit Points |
|---|---|---|
| IC - 28 | Foundation of Actuarial Science | 40 Credit Points |
| IC - 47 | Foundation of Casualty Actuarial Science Part - I | 40 Credit Points |
| IC - 81 | Mathematical Basis of Life Assurance | 40 Credit Points |
| IC - 84 | Foundation of Casualty Actuarial Science Part - II | 40 Credit Points |
| IC - 92 | Actuarial Aspects of Product Development | 40 Credit Points |
Benefits/Advantages of Taking IRDA mock tests?
Practice of online mock tests is important for candidates appearing in the upcoming IRDA exam. Our mock tests are prepared by experienced teachers. IRDA mock test is similar to the real exam and helps students assess their preparation.
By practicing free online IRDA mock tests, you get a fair idea about the real test pattern and reduce pre-exam anxiety. IRDA mock tests are important because of the time-bound practice they provide. IRDA Multiple attempts of the IRDA mock test will help you revise the entire syllabus. IRDA mock tests help you remember basic concepts and perform better in the actual exams. IRDA Mock tests provide the scope of the question paper. IRDA Mock tests improve your time management skill.
Attempting multiple mock tests helps students revise the entire IRDA exam syllabus. This way they memorize concepts and perform well in the IRDA exam. Mock tests make students familiar with the style and scope of the IRDA question paper.
Why use Testmocks IRDA Online Tests?
- Take new IRDA tests: Online mock tests based on actual IRDA exam paper.
- Community-driven: Created by top-notch IRDA faculties.
- Comprehensive preparation tool: Our IRDA mock test series allow you to analyse your progress.
- View IRDA score: After practicing our online IRDA tests, you can check your score and view answer sheets with exlpanations.
- Free to use: We try to help candidates with our free IRDA mock tests.
Unique Features of Testmocks IRDA Test Series
- Practice online tests including objective questions from old IRDA papers.
- Solve free online model exam papers based on latest syllabus.
- Take IRDA mock tests based on real exam pttern.