Insurance Institute of India have Associateship exam for all the insurance professionals as the second level examination for Associateship certification. To qualify for Associateship certification a candidate must achieve 250 credit points (including credit points of Licentiate exam) in which 2 mandatory subject papers must be cleared along with any with any optional subject from the below table
Mandatory Papers
IC-22 Life Insurance Underwriting (30 Credit Points) OR IC-45 General Insurance Underwriting (30 Credit Points)
IC-26 Life Insurance Finance (30 Credit Points) OR IC-46 General Insurance Accounts Preparation and Regulation of Investment (30 Credit Points)
Plus any Optional subjects provided in the below table
| Optional Subjects Table |
| IC No |
Title |
Credit Points |
| 14 |
Regulations of Insurance Business (Common) |
20 |
| 23 |
Application of Life Assurance (Life) |
30 |
| 24 |
Legal Aspects of Life Assurance(Life) |
30 |
| 27 |
Health Insurance (Common) |
30 |
| 57 |
Fire and Consequential Loss Insurance (Non-Life) |
30 |
| 67 |
Marine Insurance (Non-Life) |
30 |
| 71 |
Agricultural Insurance (Non-Life) |
30 |
| 72 |
Motor Insurance (Non-Life) |
30 |
| 74 |
Liability Insurance (Non-Life) |
30 |
| 76 |
Aviation Insurance (Non-Life) |
30 |
| 77 |
Engineering Insurance (Non-Life) |
30 |
| 78 |
Miscellaneous Insurance (Non-Life) |
30 |
| 82 |
Statistics (Life) |
40 |
| 83 |
Group Insurance & Retirement Benefit Scheme (Life) |
30 |
| 85 |
Reinsurance Management (Common) |
40 |
| 86 |
Risk Management (Common) |
40 |
| 88 |
Marketing and Public Relations (Common) |
30 |
| 89 |
Management Accounting (Common) |
40 |
| 90 |
Human Resources Management (Common) |
30 |
| 99 |
Asset Management (Common) |
30 |
