Insurance Institute of India Exams - Licentiate, Associateship & Fellowship Exam Mock Tests (Life & Non-Life)

(a) LICENTIATE EXAMINATION: This is essentially an introductory course dealing with the two compulsory papers i.e. Principles of Insurance and Practice of Insurance (Life and Non-Life) and one more paper as optional from professional exam curriculum.

(b) ASSOCIATESHIP EXAMINATION: At this level, students may have option to choose subjects either Life or Non-Life or both combined. The scheme of study provides knowledge of chosen subject. However, candidates will have to get familiar with the practical aspects related to these subjects.

(c) FELLOWSHIP EXAMINATION: This is the highest level and involves advanced studies of specified areas.

Time Limit:

There is no time limit for passing the professional examinations of the III. However, credit points will be valid only for five years from the date of passing the subject. After passing Associateship Examination, validity of the credit points of the subject passed earlier (till accumulation of 250 credit points) shall remain permanent, however thereafter to qualify for Fellowship Examination, candidate must acquire additional 240 credit points (including compulsory papers) within a time limit of seven years.

Requirement for passing the examination:

Passing Marks for all the subjects/papers of objective type Multiple Choice Question (MCQ) (On-line) is 60% & above. The duration of examination is 2 hours. If a candidate obtains at least 75% of the maximum marks in any subject, he/ she will be deemed to have passed with Distinction in that subject. Certificates / Diplomas will be issued to candidates only on their obtaining minimum required Credit Points and passing compulsory subjects. AIII and FIII Diploma will be awarded within a month after declaration of result.

Fee Structure for Licentiate / CIS Exam (Fresh Candidates)

Fee Structure for Licentiate / Associateship / Fellowship / CIS / Actuarial Exam (Repeater Candidates)

Fee Structure for Associateship Exam (Fresh Candidates)

Fee Structure for Fellowship Exam (Fresh Candidates)

Fee Structure for Casualty Actuarial Science Exam (Fresh Candidates)

Fee Structure for Pre-licensing Test for Insurance Surveyors (Fresh Candidates)

Fee Structure for Pre-licensing Test for Insurance Surveyors (Repeater Candidates)

Diploma Fees

Miscellaneous Fees

Note:
** Applicable for all exams except Pre-licensing test for Insurance.
# The cost of reading material (study course) is not inclusive and is payable as per the PRICE LIST OF STUDY COURSES given in this Handbook.
* Candidates from Sri Lanka will pay the prescribed fees at a fixed cost of Rs. 46/- per dollar for this examination session.
*** Retotalling available only for Licentiate Examination and Pre-licensing test for Insurance Surveyors.
** Revaluation is available for all papers except Licentiate Examination and Pre-licensing test for Insurance Surveyors.

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