Insurance Institute of India have Licentiate exam for all the insurance professionals as the entry level examination for licentiate certification. To qualify for Licentiate certification a candidate must achieve 60 credit points in which 2 mandatory subject papers must be cleared along with any optional subject from the below table
Mandatory Papers
IC-01 Principles of Insurance (20 Credit points)
IC-02 Practice of Life Insurance (20 Credit points) OR IC-11 Practice of General Insurance (20 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 |
