III IC-45: pattern, syllabus and full mock tests
The Non-Life-stream underwriting paper of the Insurance Institute of India's Associateship diploma.
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Access exam-specific mock tests directly from your Android device.IC-45 General Insurance Underwriting is a compulsory paper of the Non-Life stream of the Insurance Institute of India's Associateship diploma (Life candidates take IC-22 Life Insurance Underwriting instead). Its syllabus covers Introduction, Methodology and Rate Making, Rating Approaches and File & Use Procedures, Tools of Underwriting, Types of Policies and Profitability and Policyholder Protection, Research and IT in Underwriting. Passing earns 30 credit points towards the Associateship.
Eligibility Criteria
schoolEducation
Membership of the Insurance Institute of India (applied for online before registering for the exam). Check the current III Examination Handbook for any education requirement for your membership category.
cakeAge Limit
No separate age limit is prescribed for the paper; III membership rules apply.
flagNationality
Open to candidates in India; III also runs the exam for candidates abroad on its published terms.
Exam Pattern
IC-45 General Insurance Underwriting is an online objective paper of multiple-choice questions, 2 hours long, marked out of 100. III's Examination Handbook sets the pass mark at 60% for every MCQ paper, awards a distinction at 75%, and expects all questions to be attempted; it mentions no negative marking. The syllabus runs to 13 chapters, covering Introduction to Underwriting, Methodology and Procedures of Underwriting, Principles of Rate Making, Rating Approaches and Pricing Methods, IRDA File & Use Guidelines, Applications of 'File & Use' and 'Use & File' Procedures, Tools of Underwriting, Types of Policies, Underwriting Profitability and Re-underwriting Strategies, Protection of Policyholder's Interests, Research and Development in Underwriting, Rating and Product Innovation - Challenges Ahead and I.T. Applications in Underwriting. Passing earns 30 credit points towards the Associateship. III publishes no chapter-wise weightage; the sections below are how PrepClever's mocks group the chapters, in proportion to their size.
IC-45 General Insurance Underwriting
Online (Computer-Based)120 min| Section | Questions | Marks |
|---|---|---|
| Introduction, Methodology and Rate Making | 25 | 25 |
| Rating Approaches and File & Use Procedures | 25 | 25 |
| Tools of Underwriting, Types of Policies and Profitability | 25 | 25 |
| Policyholder Protection, Research and IT in Underwriting | 25 | 25 |
Key Topics & Syllabus
Introduction, Methodology and Rate Making
- check_circleIntroduction to Underwriting
- check_circleMethodology and Procedures of Underwriting
- check_circlePrinciples of Rate Making
Rating Approaches and File & Use Procedures
- check_circleRating Approaches and Pricing Methods
- check_circleIRDA File & Use Guidelines
- check_circleApplications of 'File & Use' and 'Use & File' Procedures
Tools of Underwriting, Types of Policies and Profitability
- check_circleTools of Underwriting
- check_circleTypes of Policies
- check_circleUnderwriting Profitability and Re-underwriting Strategies
Policyholder Protection, Research and IT in Underwriting
- check_circleProtection of Policyholder's Interests
- check_circleResearch and Development in Underwriting, Rating and Product Innovation - Challenges Ahead
- check_circleI.T. Applications in Underwriting
Inside III IC-45 Premium
Full 100-question mocks
Timed papers on the real pattern: 100 MCQs in 2 hours, scored against the 60% pass mark, across all 13 chapters.
Chapter-wise practice
Practice sets for every chapter, so you can work through the syllabus in order and see where you stand on each.
Section-wise sets
Drill the four sections of the paper separately, so the chapters you keep getting wrong get extra repetition.
Explained answers
Every question carries a short explanation of the rule or concept it tests, not just the correct option.
Career Roles & Salary
Insurance Company Executive
₹3 to 6 LPA (entry level)
Underwriting, claims, operations and customer-service roles at life and general insurers, where III's diplomas are the standard professional qualification.
Broker / TPA Professional
₹3 to 7 LPA
Placement, servicing and claims roles at insurance brokers and third-party administrators, where III qualifications count towards IRDAI's training requirements.
How to Prepare
Become an III member
Apply for membership of the Insurance Institute of India online; membership is required before you can register for a professional exam.
Register for IC-45 in an exam window
III publishes an examination calendar each year. Register for IC-45 within the window and pay the exam fee listed in the current handbook.
Study the IC-45 courseware
Work through the courseware chapter by chapter, making short notes as you go.
Practise full-length mocks
Take timed 100-question mocks until you score comfortably above 60%.
Sit the online exam
Attempt all questions in the 2-hour paper; a score of 60% or more passes, 75% or more earns a distinction.
Important Dates (Tentative)
| Event | Expected Date |
|---|---|
| Exam windows | Several times a year on III's published examination calendar |
| Registration | Opens before each window; late fee in the extended period |
| Result | Published on the III portal after the exam window |
* Dates are indicative based on historical patterns. Check the official website for confirmed dates.
Prepare for III IC-45 the smarter way
Free mock tests, chapter-wise practice questions and a personalized study plan, built around the latest III IC-45 pattern.
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-45 guides
- SyllabusThe IC-45 General Insurance Underwriting syllabus from III's Revised Edition 2023: all 13 chapters and what each one covers.
- Exam PatternIC-45 exam pattern: online MCQ paper, 2 hours, 60% to pass, 75% for distinction, no negative marking, 30 credit points.
- Eligibility & FeesWho can sit IC-45: open after the Licentiate. The Rs 900 paper fee, how to enrol and how long the 30 credit points last.
- Exam DatesIII's 2026 session calendar for IC-45: enrolment, extended enrolment, slot booking, exam dates and results.
- Formula SheetThe rating and underwriting formulas IC-45 candidates use: pure premium, gross premium, loss ratio, combined ratio and retention, with worked examples.
- Study MaterialThe official IC-45 study course, Revised Edition 2023: Rs 500 in English, Rs 650 in Hindi, plus the eBook, audiobook and III's published corrections.
- What Is UnderwritingWhat a general insurance underwriter does: selecting risks, setting terms and pricing, and why the job decides an insurer's result.
- Physical & Moral HazardThe difference between physical, moral and morale hazard, how an underwriter spots each and what can be done about it.
III IC-45 FAQ
What is III IC-45 General Insurance Underwriting?
IC-45 General Insurance Underwriting is a compulsory paper of the Non-Life stream of the Insurance Institute of India's Associateship diploma (Life candidates take IC-22 Life Insurance Underwriting instead). Its syllabus covers Introduction, Methodology and Rate Making, Rating Approaches and File & Use Procedures, Tools of Underwriting, Types of Policies and Profitability and Policyholder Protection, Research and IT in Underwriting. Passing earns 30 credit points towards the Associateship.
What is the IC-45 exam pattern?
An online, objective multiple-choice paper of 2 hours, marked out of 100 (100 questions). III's handbook asks you to attempt every question; if a question is found to be wrong it is removed and marks are pro-rated on the rest.
What are the passing marks for IC-45?
60% and above, which is III's pass mark for every MCQ paper. 75% and above is awarded a distinction. The handbook does not mention negative marking.
Is there negative marking in IC-45?
III's Examination Handbook does not mention negative marking for its professional exams, and III asks for all questions to be attempted, so answer every question.
How many questions does IC-45 have?
The paper is marked out of 100, and it is widely reported as 100 multiple-choice questions in 2 hours. III's handbook does not print a question count for professional papers.
What is the IC-45 syllabus?
The syllabus runs to 13 chapters, which PrepClever groups into four sections: Introduction, Methodology and Rate Making (Introduction to Underwriting, Methodology and Procedures of Underwriting and Principles of Rate Making); Rating Approaches and File & Use Procedures (Rating Approaches and Pricing Methods, IRDA File & Use Guidelines and Applications of 'File & Use' and 'Use & File' Procedures); Tools of Underwriting, Types of Policies and Profitability (Tools of Underwriting, Types of Policies and Underwriting Profitability and Re-underwriting Strategies); Policyholder Protection, Research and IT in Underwriting (Protection of Policyholder's Interests, Research and Development in Underwriting, Rating and Product Innovation - Challenges Ahead and I.T. Applications in Underwriting). III says the syllabus is indicative, not exhaustive.
How are the questions split across chapters?
III does not publish a chapter-wise weightage. Our mocks spread the 100 questions across the chapters in proportion to their size, grouped into four sections, so no chapter is over- or under-practised.
What is free on PrepClever?
Mock Test 1, the full 100-question paper, plus one practice test across every section and the whole Introduction, Methodology and Rate Making chapter, all without paying. The other mocks, practice tests and chapters are premium.
How is IC-45 different from IC-38?
IC-38 is the agent licensing exam (50 questions, 35% to pass) you sit before you can sell insurance. IC-45 is a compulsory paper of the Non-Life stream of the Insurance Institute of India's Associateship diploma (Life candidates take IC-22 Life Insurance Underwriting instead), pitched at people building a career in insurance, and it needs 60% to pass.
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