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Frequently Asked Questions

How many questions are there in licentiate exam?

There are 100 questions in total in the licentiate exam and all are multiple-choice questions, and there is no negative marking for any wrong answers so the candidates appearing for the exam can easily give answers without the tension of getting negative marks.

Is licentiate exam is easy?

It is up to the candidate who is appearing for the exam, if one has studied well and knows the pattern of the exam can easily pass the exam. One who is in the finance industry can easily pass the exam.

What is the passing marks for the licentiate exam?

To qualify for the exam, the candidates must need to acquire 60% in each exam in order to pass the exam.

Is there any negative marking in the licentiate exam?

No, there is no negative marking in the licentiate exam.

What is the benefits of licentiate exam?

Clearing licentiate exam make a person eligible for various posts in a company, which a company look in the candidates who apply for a post. Licentiate exam helps to develop critical and decision making skills of the candidate, so that they can perform various functions.

How do you pass the licentiate exam?

To pass the licentiate exams, one needs to give mock tests from which provides the mock tests for the exams and on different patterns which come in the licentiate’s exams.

Who can give licentiate exam?

Anyone can give licentiate exam who fulfills these two requirements:

  1. If the candidate has attained the age of 18 years,
  2. If the candidate has cleared the 12th board examination or any equivalent examination.

How many exam are there in licentiate exam?

There are two exams in licentiate exam:

  1. Principles of insurance
  2. The practice of insurance (life, non-life)

Is the insurance exam is hard?

It is up to the candidate to pass the exam on the first go, well it is difficult, but it can be done, on average, a candidate who studies for 30 to 40 hours for the exam can clear the exam easily.

How do i register for iii licentiate exam?

Registration can be done through two modes:

  1. Through online mode
  2. Through associated institutes and ALC’s.