GuideUpdated Nov 2026 · 1 min read
III IC-02 Exam Pattern
One online MCQ paper, two hours, 60% to pass.
IC-02 Practice of Life Insurance is one online multiple-choice paper, 2 hours long. You pass with 60%, earn a distinction at 75%, and there is no negative marking, so answer every question.
The IC-02 Exam Pattern at a Glance
ModeOnline, at an exam centre you book
Question typeObjective multiple-choice questions
Duration2 hours
Pass mark60% and above
Distinction75% and above
Negative markingNone
Credit points20
LevelA Licentiate paper: with IC-01, candidates take IC-02 or IC-11, plus an optional subject, to reach 60 credit points.
| Detail | What III says |
|---|---|
| Mode | Online, at an exam centre you book |
| Question type | Objective multiple-choice questions |
| Duration | 2 hours |
| Pass mark | 60% and above |
| Distinction | 75% and above |
| Negative marking | None |
| Credit points | 20 |
| Level | A Licentiate paper: with IC-01, candidates take IC-02 or IC-11, plus an optional subject, to reach 60 credit points. |
info
How Many Questions Are There?
III states the pass rule as a percentage and does not print a question count or maximum marks for its professional papers. Treat any figure you see elsewhere as unofficial.
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FAQs
What is the pass mark for IC-02?expand_more
60%. A score of 75% or more is a distinction.
Is there negative marking in IC-02?expand_more
No. III's FAQ says its MCQ examinations have no negative marking.
Next steps
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