Helping candidates clear their Insurance Institute of India exams since 2011.
Syllabus-accurate practice tests, concept-level analysis, and a subject tutor on call — built specifically for Licentiate, Associate, and Fellowship candidates.
30,000+ students · 7 countries · 15 years of results
Which principle of insurance restores the insured to the same financial position after a loss — without allowing them to profit from it?
The principle of indemnity compensates the insured for the actual loss suffered — no more, no less — so the policy restores your position rather than becoming a source of profit.
Performance analysis
IC-01 · Mock test · 100 questions
78%
Score
Principles of Insurance and Risk & Hazard — above 90% accuracy.
Reinsurance and Insurance Accounts — revise chapters 10 and 11.
Three focused sessions this week to close the gap before exam day.
Your study coach
Know exactly what to revise next
After every mock test, we read your answers and pinpoint the concepts you got wrong — then turns them into a focused, chapter-by-chapter study plan. No more guessing where your marks are leaking.
- Concept-level accuracy tracked across every chapter
- A prioritised revision plan before exam day
Timed mock tests
Sit the real exam before exam day
Full 100-question mock tests with a 2-hour limit, an exam-style question navigator, and instant results — so the real III paper feels familiar, not frightening.
- 100 MCQs on a 2-hour timer, exactly like the exam
- Flag, skip and revisit — then a full analysis at the end
Under the doctrine of subrogation, once an insurer settles a claim in full, the right to recover from a negligent third party passes to the:
Questions
Prepare for every III qualification
From your first Licentiate paper to the Fellowship summit — one platform from Licentiate to Fellowship.
Licentiate
The starting qualification for your insurance career. Build core fundamentals across compulsory and optional subjects.
Explore Licentiate modules →Associate
Deepen your specialisation and earn professional standing with advanced subject coverage and stream electives.
Explore Associate modules →Fellowship
The pinnacle III qualification. Demonstrate mastery across the discipline and unlock senior career opportunities.
Explore Fellowship modules →Student results
15 years of results, in their words
From Licentiate to Fellowship — and CII exams abroad — here’s what candidates say after clearing with InsuranceGurukul.
“I have cleared all the papers for FIII. I express my sincere gratitude to Insurance Gurukul — your study materials helped me a lot to reach this level.”
Surveyor, Udaipur
“Your MCQs were quite helpful. I cleared both exams, S-01 and IC-57.”
Dubai
“I completed my ACII qualification from the Chartered Insurance Institute, UK. Approaching Insurance Gurukul was a pleasant experience — I'd refer my colleagues and friends without an iota of hesitation.”
NIC, Vizag
“I have passed the IC-37 exam. Your site and guidance is excellent.”
“I cleared all three papers in one shot — your test series helped me a lot. I got distinction in all 3 papers.”
“I cleared the IC-47 Actuarial Science paper, completing my Fellowship. The textbook's maths is very tough without guidance — your chapter-wise questions with correct answers and formulae helped a lot, and the Smart Practice and Rapid-fire Mock Tests are excellent.”
Bahrain
“I cleared the IF1 exam from the Bahrain centre. Now moving towards the Diploma.”
“Certainly one of the best mock test series — I cleared my Licentiate at the first attempt. Outstanding guidance. I don't give reviews easily, but this one felt worthy.”
“Your material is excellent.”
“When I was preparing for my III exams, there was nowhere to practice what I had read. I built InsuranceGurukul.com to be the platform I wish I had.”
- 30,000+
- Students
- 7
- Countries
- 15+
- Years
- 40+
- Modules