Health Insurance
Insurance Institute of India: Associate Examination
Associate level elective covering the health system and health financing in India, health insurance products, underwriting, policy forms and clauses, data, pricing and reserving, regulatory and legal aspects, customer service, health insurance fraud, and reinsurance.
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IC-27 exam at a glance
| Level | Optional paper for Licentiate, Associateship or Fellowship |
|---|---|
| Credit points | 30 |
| Exam | 2 hours, online, multiple choice |
| Pass mark | 60% (75% for distinction) |
Across 10 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Introduction to Health Insurance and the Health System in India45 questions45
Health insurance basics: meaning and purpose, growth of the industry, and India's health system and infrastructure.
2Health Financing Models and Health Financing In India45 questions45
Health financing: financing models used by countries, their pros and cons, and health financing in India.
3Health Insurance Products in India45 questions45
Health insurance products in India: common policies, their coverage and features, and new innovative products.
4Health Insurance Underwriting45 questions45
Health insurance underwriting: principles, tools, methods and process, plus group health insurance underwriting.
5Health Insurance Policy Forms and Clauses45 questions45
Health policy forms and clauses: proposal forms, standard clauses, common terms and critical illness definitions.
6Health Insurance Data, Pricing and Reserving45 questions45
Health insurance data: data sources and analysis, IRDAI data, and actuarial pricing and reserving methods.
7Regulatory and Legal Aspects of Health Insurance45 questions45
Health insurance regulation: why it is needed, regulatory principles and measures, and IRDAI's role in India.
8Customer Service in Health Insurance45 questions45
Customer service in health insurance: policyholder protection principles and complaint channels for health claims.
9Health Insurance Fraud45 questions45
Health insurance fraud: causes, effects and types of fraud, ways to fight it, and IRDAI's database.
10Reinsurance45 questions45
Reinsurance in health insurance: why insurers use it, and treaty and facultative reinsurance methods.
Draws from all 450 questions across every chapter, so no two attempts are the same.
IC-27: frequently asked questions
What does IC-27 cover?
IC-27 covers health insurance in India: the health system, health financing, products, underwriting, policy forms and clauses, pricing and reserving, regulation, customer service, fraud and reinsurance.
Is IC-27 compulsory?
No. IC-27 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-27?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-27 exam?
2 hours. It is an online exam with multiple choice questions.
When will I know my result?
You see your score right after the online exam. The formal result usually follows within about a month.
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