IC 01 - Principles of Insurance

  • TOP4SURE offers you the most important 500 question and answers to clear the IC 01 - 'Principles of Insurance' Licentiate Exam with flying colours.
  • We believe more in quality than in quantity so no need to study thousands of questions.
  • You get easy explanation alongwith almost every answer which will help you understand the concept very well and answer even the difficult  questions.
  • Maximum Validity : 90 Days - 10 attempts for each test.
  • Instant access : Login to see the online Mock exams immediately after payment.
  • Updation : As per 2023 syllabus

Exam and Question Bank details

Licentiate exam is the most essential introductory level course which includes two compulsory papers i.e., Principles of Insurance and Practice of Insurance (life and non life). Apart from this there is an optional paper from the curriculum of the professional exam.

Licentiate exam can be broadly categorized in two categories:

  1. Licentiate exam for life insurance
  1. Principles of insurance (IC 01)
  2. Practice of life insurance (IC 02)
  3. Regulation of business insurance (IC 14)
  1. Licentiate exam for general insurance
  1. Principles of insurance (IC 01)
  2. Regulation of business insurance (IC 14)
  3. Practice of general insurance (IC 11)


Each exam consists of 100 Multiple Choice Questions. A candidate can pass the licentiate exam only when he/she clears the two compulsory papers with a minimum score of 60 credit points in each subject. The duration for the exam is 2 hours. There is no Negative Marks for wrong answers.

Licentiate exam not only have good industry reputation but it also opens your door to advance insurance agent exams such as associateship and fellowship exams.

TOP4SURE offers you the ‘Question Bank’ for Licentiate exam - Principals of Life Insurance (IC 01) which includes various Practice Tests along with Three Very Important LAST DAY REVISION Tests and Two REAL FEEL Test of 2 hours. In all, we have selected the most important 500 practice question and answers so that you don’t need to go through thousands of questions.

TOP4SURE has provided explanation alongwith almost every answer so that you understand it very well and remember easily. Also, detailed step by step solutions are provided to the mathematical problems. 

Once you go through the TOP4SURE Licentiate exam ‘Question Bank’, you will surely get the confidence to clear your exam.

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