III IC-14: pattern, syllabus and eligibility
The Licentiate paper on the law and regulation that governs insurers and intermediaries in India.
IC-14 Regulation of Insurance Business is a Licentiate paper of the Insurance Institute of India. It covers the Insurance Act, the IRDAI Act and IRDAI regulations on registration, investments, solvency, intermediaries, policyholder protection and grievance redressal.
III IC-14 mock tests & question bank
Coming soon
We're building III IC-14 practice on PrepClever. Until it launches, this page has the pattern, syllabus and eligibility.
Eligibility Criteria
schoolEducation
Membership of the Insurance Institute of India, applied for online before registering. Check the current III Examination Handbook for the Licentiate entry rules.
cakeAge Limit
No separate age limit is prescribed for the paper; III membership rules apply.
flagNationality
Open to candidates in India; III also runs exams abroad on its published terms.
Exam Pattern
III IC-14 is an online objective paper of 100 multiple-choice questions, 2 hours long, marked out of 100. III's handbook sets the pass mark at 60% for MCQ papers and awards a distinction at 75%. III publishes no chapter-wise weightage; study the whole courseware.
III IC-14 Regulation of Insurance Business
Online (Computer-Based)120 min| Section | Questions | Marks |
|---|---|---|
| Full courseware | 100 | 100 |
Key Topics & Syllabus
Legal framework
- check_circleInsurance Act, 1938
- check_circleIRDAI Act, 1999
- check_circleRole and powers of IRDAI
Insurers and intermediaries
- check_circleRegistration of insurers
- check_circleInvestments and solvency margins
- check_circleAgents, brokers, corporate agents and web aggregators
Policyholder protection
- check_circleProtection of policyholders' interests
- check_circleInsurance ombudsman and grievances
- check_circleAnti-money laundering for insurers
Career Roles & Salary
Insurance Compliance Executive
Insurer pay scales
Tracks IRDAI regulations and compliance at insurers and intermediaries.
How to Prepare
Become a III member
Apply for membership online at insuranceinstituteofindia.com.
Register for the paper
Choose III IC-14 and an exam date in the online exam schedule.
Study the courseware
III's official courseware is the syllabus.
Pass with 60%
100 questions in 2 hours; 60 marks to pass, 75 for a distinction.
Important Dates (Tentative)
| Event | Expected Date |
|---|---|
| Exam dates | Year-round online slots (see the III exam schedule) |
* Dates are indicative based on historical patterns. Check the official website for confirmed dates.
Prepare for III IC-14 the smarter way
III IC-14 practice is coming soon. Use the pattern and syllabus on this page to plan your study.
Related IRDAI exams
- IC-38IC-38 Insurance Agents Certification
- IRDAI POSPIRDAI Point of Sales Person
- III IC-01 Principles of InsuranceIII IC-01 Principles of Insurance (Licentiate)
- III IC-11 Practice of General InsuranceIII IC-11 Practice of General Insurance (Licentiate)
- III IC-22 Life Insurance UnderwritingIII IC-22 Life Insurance Underwriting (Associateship)
III IC-14 guides
- SyllabusThe IC-14 Regulations of Insurance Business syllabus from III's Revised Edition 2018, chapter by chapter.
- Exam PatternIC-14 exam pattern: online MCQ paper, 2 hours, 60% to pass, no negative marking, 20 credit points.
- Eligibility & FeesWho can sit IC-14, the ₹600 paper fee and how to register with III.
- Exam DatesIII's 2026 session calendar for IC-14: enrolment, slot booking, exam dates and results.
- Study MaterialThe official IC-14 study course, Revised Edition 2018: ₹650 in English, ₹750 in Hindi.
- Insurance Act 1938The law at the base of Indian insurance regulation and why it still matters.
- NationalisationHow life insurance and general insurance were nationalised and later reopened.
- IRDA Act 1999How the IRDA Act created the regulator and opened the sector.
III IC-14 FAQ
What is the pass mark?
60%, with a distinction at 75%.
Is IC-14 useful for compliance roles?
Yes. It is the III paper most focused on insurance law and IRDAI regulation.
Does PrepClever have III IC-14 mock tests?
Not yet. III IC-14 practice is coming soon. Until then, this page covers the pattern, syllabus and eligibility.
Ready to crack III IC-14?
III IC-14 practice is coming soon. Until then, this page covers the pattern, syllabus and eligibility.