Candidates can register and enroll for the exam via the III website’s on-line registration tool. New candidates should consult the “Help Manual for New Candidates,” while existing candidates should consult the “Help Manual for Existing Candidates,” both of which are located under the Help Desk Menu.
How do you apply licentiate?
A person who has passed the Institute’s Final examination or Professional Programme examination may apply for enrolling as a licentiate within six months of the date of the declaration of results in which he has passed the Final examination or Professional Programme examination.
How do I appear for licentiate exams?
After checking the timetable and subjects, a candidate can enroll for any subject to appear for an examination. However, a candidate passes the Licentiate examination only after passing all of the Licentiate’s compulsory papers and earning 60 credit points.
What is the passing marks for licentiate exam?
Passing the Licentiate test earns you 60 points, Associateship (60+190) equals 250 points, and Fellowship (60+190+240) equals 490 points.
How can I apply for IRDA exam?
Candidates who are interested in taking the IRDA exam can do so in one of two ways: ONLINE, MANUAL, or OFFLINE.
Candidates who wish to take the ONLINE IRDA Exam must first go to the official website and register for the exam.
A candidate who prefers the MANUAL mode of examination must submit the examination entry-Annexure-III form, which must be duly completed by the candidate and countersigned by an authorized representative of the sponsoring insurer.
Note: If a candidate desires to participate in both the life and general branches, he or she must submit two different entrance forms, one from each of the two supporting firms.
What is licentiate CS?
An enrolled Licentiate student can use the descriptive letter ‘Licentiate ICSI’ to signify that he has passed the Institute’s Final or Professional Program examination. He will receive a free copy of the Institute’s Chartered Secretary Journal.
How do I register for IC38?
Every year, the Insurance Institute of India (III) organizes this test. The III was founded in 1955 with the goal of promoting the value of insurance and teaching people about it via adequate training and supervision. It is the only qualified insurance institute in the country, with 91 affiliated institutes including The Life Insurance Corporation of India and The General Life Insurance Corporation of India, to name a few. The institute has three levels of examination: Licentiate, Associateship, and Fellowship. To become an Insurance Agent, one must pass the IRDA IC38 exam, which is administered by the Insurance Regulatory and Development Authority, which is an independent entity responsible for endorsing and regulating insurance. According to Regulation 4 of the IRDA 2000, the minimum educational qualification for residents of urban areas is a 12th pass, whereas the minimum educational requirement for residents of rural areas is a 10th pass. The minimum age requirement is 18 years of age. You cannot sit for IC38 without first becoming an insurer, which requires 50 hours of IRDA training to be named a Life, General, or Health Insurance Agent, and 75 hours of training for first-timers.
Is Licentiate exam easy?
The licentiate exam has a low level of difficulty. Simple MCQ questions can be tried easily if your concepts are clear and you have read the workbook from beginning to end.
What is Licentiate examination?
This is a basic course that covers the two mandatory papers, Principles of Insurance and Practice of Insurance (Life and Non-Life), as well as one optional paper from the professional exam curriculum.
How many questions are there in Licentiate exam?
- Licentiate is an entry-level test that covers the fundamentals of insurance principles and practice (both life and non-life) as well as insurance business regulations.
- There are two types of Licentiate Exams: Licentiate in Life Insurance and Licentiate in General Insurance (Non Life).
- Principles of Insurance, Practice of Life Insurance, and Regulation of Insurance Business are the three papers that make up the Licentiate in Life Insurance.
- Principles of Insurance, Practice of General Insurance, and Regulation of Insurance Business are the three papers that make up the Licentiate in General Insurance exam.
- Insurance Principles and Insurance Regulation Both exams require business papers.
- There are 100 multiple choice questions on each paper. The exam will take two hours to complete. To qualify for Licentiate, candidates must have a 60 percent average in each course. For incorrect answers, there is no negative mark.
- Benefit: Holders of a Licentiate Certification can sit for the Financial Planning Standards Board of India’s Advanced Financial Planning Exam, which leads to Certified Financial Planner (CFP) certification.
Does Licentiate exam have negative marking?
The Licentiate test is an online exam that is slightly more advanced than the IRDA agents’ exam. It should be simple for someone working in the insurance industry.
The minimum passing score is 60. Your exam result appears on your screen once you’ve completed it.