How to Pass Licentiate Exam (Get updated licentiate exam mock test series by iexamworld.com)
The insurance industry has seen an explosive rise within the past twenty years. Since easement and alter within the theme of the insurance sector where private players got back in 2000, this sector has seen a great amount of growth and is still growing, thus it offers various opportunities. In India, the insurance of India has been established for the promotion of insurance education and training. IRDAI has stressed formal training and a methodological approach to impart education to all students and aspirants. There are various private, governmental institutions that are offering formal degrees in insurance.
It has been seen that there is less awareness in the students regarding examinations that are recognized at the national level and global level.
It offers various examinations but to enter at a basic level from the Indian context is the LICENTIATE EXAM held by the II of India. This exam is consists of 3 stages.
LICENTIATE EXAM- This exam is an introductory course that consists of two papers, i.e. Principles of Insurance and Practice of Insurance (Life and Non- life) and the second exam is an optional one from the Professional exam curriculum. This exam has a great reputation and one can easily pass the associate and fellow exam. Once the compulsory papers of licentiate get clear with 60 credit points, a candidate is said to be passed the exam. Objective type MCQ (on-line/ Off-line) is 60% & above and duration of examination is 2 hours. However passing marks for all subjects/papers of descriptive type is 50% &above and the duration of examination is 3 hours.
ASSOCIATESHIP EXAM- This is the second level exam and students get the option to choose between life or nonlife or combined both. However, they have to get the practical aspects.
FELLOWSHIP EXAM- This is the highest exam conducted by the Insurance Institute of India and it involves the advanced studies of insurance.
There are two Licentiate exams:-
- Licentiate in Life Insurance – This Test consists of three papers; Principles of Insurance(IC 01), Practice of Life Insurance(IC 02), Regulations of Insurance Business(IC 14).
- Licentiate in General Insurance exam – This Test consists of three papers; Principles of Insurance(IC 01), Practice of General Insurance (IC 11), Regulations of business Insurance (IC 14), IC01, and IC 14 is common in both exams.
Thus, to pass these exams in ought to clear mock tests by the www.iexamworld.com, they guarantee to present each potential question in the mock test and with an explanation attached to each question so that you can understand and remember the answers easily, detailed step by step solutions have been provided for mathematical questions.
LOOKING FOR IC38 MOCK TEST SERIES? GET UNLIMITED MOCK TEST SERIES BY WORKWITHLIC.COM- CLICK HERE>>