III IC-11 Syllabus: The 9 Chapters of Practice of General Insurance
Nine chapters, one 2-hour paper. Here is every chapter III lists, and what each one asks you to know.
The IC-11 Practice of General Insurance syllabus is the Insurance Institute of India's Revised Edition 2023 study course, and it has 9 chapters. It opens with the non-life market and the policy document, spends three chapters on the products (fire and marine, then motor, liability and personal accident, then engineering and other covers), and ends with underwriting, rating, claims and reserves.
IC-11 is the general insurance half of the Licentiate's compulsory choice. Where IC-01 teaches the principles, IC-11 teaches how a non-life insurer actually writes a fire policy for a textile godown in Surat or settles a two-wheeler total loss in Bengaluru.
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The 9 Chapters, as III Lists Them
Chapter titles from III's Professional Examination Syllabus, Revised Edition 2023. The summaries are ours. III does not group or weight the chapters.
1
Title
Introduction to General Insurance
What it covers
What general insurance is, how the Indian non-life market is organised, the regulator, and the insurers and intermediaries who sell and service policies.
2
Title
Policy Documents and Forms
What it covers
The paperwork of a general policy: proposal forms, cover notes and certificates, the policy schedule and wording, endorsements, conditions and renewal.
3
Title
General Insurance Products: Part 1 (Fire & Marine)
What it covers
Fire insurance (the standard fire policy, its add-on covers and loss-of-profits cover) and marine insurance (cargo clauses, open policies, hull, general and particular average).
4
Title
General Insurance Products: Part 2 (Motor, Liability, Personal Accident and Specialty Insurance)
What it covers
Motor (third party and own damage, IDV, no claim bonus), liability covers (public, product, professional, employee's compensation), personal accident, and specialty covers.
5
Title
General Insurance Products: Part 3 (Engineering & Other Insurances)
What it covers
Engineering covers such as contractor's and erection all risks and machinery breakdown, plus the miscellaneous policies: burglary, money, fidelity guarantee and similar.
6
Title
Underwriting
What it covers
How a general insurer decides to accept a risk in practice: risk inspection, hazards by line of business, terms and conditions, and the use of reinsurance.
7
Title
Ratings & Premiums
What it covers
How premiums for general insurance are set: rating approaches, the factors that load or discount a rate, and how a premium is calculated.
8
Title
Claims
What it covers
Claims practice by line: notice of loss, the surveyor's role, documents, assessment and settlement, and how disputes are resolved.
9
Title
Insurance Reserves & Accounting
What it covers
The money side: premium and claims reserves, and the basics of a general insurer's accounts.
| Chapter | Title | What it covers |
|---|---|---|
| 1 | Introduction to General Insurance | What general insurance is, how the Indian non-life market is organised, the regulator, and the insurers and intermediaries who sell and service policies. |
| 2 | Policy Documents and Forms | The paperwork of a general policy: proposal forms, cover notes and certificates, the policy schedule and wording, endorsements, conditions and renewal. |
| 3 | General Insurance Products: Part 1 (Fire & Marine) | Fire insurance (the standard fire policy, its add-on covers and loss-of-profits cover) and marine insurance (cargo clauses, open policies, hull, general and particular average). |
| 4 | General Insurance Products: Part 2 (Motor, Liability, Personal Accident and Specialty Insurance) | Motor (third party and own damage, IDV, no claim bonus), liability covers (public, product, professional, employee's compensation), personal accident, and specialty covers. |
| 5 | General Insurance Products: Part 3 (Engineering & Other Insurances) | Engineering covers such as contractor's and erection all risks and machinery breakdown, plus the miscellaneous policies: burglary, money, fidelity guarantee and similar. |
| 6 | Underwriting | How a general insurer decides to accept a risk in practice: risk inspection, hazards by line of business, terms and conditions, and the use of reinsurance. |
| 7 | Ratings & Premiums | How premiums for general insurance are set: rating approaches, the factors that load or discount a rate, and how a premium is calculated. |
| 8 | Claims | Claims practice by line: notice of loss, the surveyor's role, documents, assessment and settlement, and how disputes are resolved. |
| 9 | Insurance Reserves & Accounting | The money side: premium and claims reserves, and the basics of a general insurer's accounts. |
Nine Chapters, Not Twelve
Some summaries of IC-11 online list fire, marine, motor, liability and engineering as separate chapters. III's own syllabus does not: those products sit inside three chapters (3, 4 and 5). If a list shows more than nine chapters, it is someone's study grouping, not the official syllabus.
The Syllabus in Four Blocks
How we suggest reading it. The chapter numbers are III's; the grouping is ours.
- Chapters 1-2: the market and the policy
- Who sells general insurance in India and how a policy is put together, from proposal to endorsement. Expect factual questions on market structure and on what each document does.
- Chapters 3-5: the products
- The longest stretch of the book. Each product has its own perils, exclusions and conditions, and questions often hinge on one of them: which clause covers a cargo loss, what a policy pays when the property is underinsured, who must buy motor third-party cover.
- Chapters 6-7: underwriting and rating
- How an underwriter reads a risk inspection report and turns it into terms and a premium. The questions mix hazard identification with simple rating logic.
- Chapters 8-9: claims and reserves
- Claims practice by line of business, and the reserves an insurer holds for premiums it has not yet earned and claims it has not yet paid. Often left to the end, and often where marks are lost.
Quick practice on risk inspection and hazards. No signup.
What IC-11 Leaves to IC-01
IC-11 assumes the principles. Utmost good faith, insurable interest, indemnity, subrogation, contribution and proximate cause are taught in IC-01, and IC-11 applies them to real products: the condition of average is indemnity at work in a fire claim; general average is a marine rule, not IC-01's contribution principle.
If you are sitting both papers, read IC-01's principles first. IC-11 then reads as the same ideas applied to fire, marine, motor and the rest.
Indicative, Not Exhaustive
III's Examination Handbook calls its syllabus "indicative and not exhaustive" and says questions "will not necessarily be asked from the study courses only". The 2023 edition also predates some of IRDAI's 2024 consolidated regulations and master circulars, so where a product rule has since changed, the current rule is the safer answer to know.
FAQs
How many chapters are in the IC-11 syllabus?expand_more
Nine, in III's Revised Edition 2023: Introduction to General Insurance; Policy Documents and Forms; three chapters on General Insurance Products; Underwriting; Ratings and Premiums; Claims; and Insurance Reserves and Accounting.
Which edition of the IC-11 book is current?expand_more
The Revised Edition 2023, which III's 2026 syllabus and price list both name. It is available in English and Hindi.
Which chapters of IC-11 are most important?expand_more
III publishes no chapter weightage. The three product chapters (3 to 5) cover the most ground, but every chapter can be tested, including reserves and accounting.
Is the IC-11 syllabus the same as IC-01?expand_more
No. IC-01 covers the principles of insurance for both life and general. IC-11 covers general insurance practice: the products, underwriting, rating, claims and reserves of a non-life insurer.
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