Fraud Risk Management in Insurance
Insurance Institute of India: Associate Examination
Covers insurance fraud typologies across every major line of business, global and Indian fraud-fighting frameworks, investigation of losses, and money laundering in insurance.
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IC-39 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 15 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Indian Insurance Industry - Overview27 questions27
Indian insurance industry overview: the need for insurance, its history, the Indian market and core principles.
2Insurance Frauds27 questions27
Insurance fraud basics: definition, laws against fraud, types of fraud and its impact on insurers.
3Insurance Fraud Fighting - Global Scenario27 questions27
Fighting insurance fraud worldwide: global bodies and anti-fraud efforts in the USA, UK, Europe and Australia.
4Insurance Fraud Fighting - Indian Scenario27 questions27
Fighting insurance fraud in India: legal provisions, IRDAI initiatives, fraud databases and industry efforts.
5Fire Insurance Frauds27 questions27
Fire insurance frauds: fire cover basics, common frauds, warning signs and case studies.
6Engineering Insurance Frauds27 questions27
Engineering insurance frauds: construction and operational phase policies, common frauds and a case study.
7Marine Insurance Frauds27 questions27
Marine insurance frauds: marine cover and laws, common maritime frauds and a case study.
8Miscellaneous Insurance Frauds27 questions27
Miscellaneous insurance frauds: what miscellaneous insurance is, common and policy specific frauds, case studies.
9Motor Insurance Frauds27 questions27
Motor insurance frauds: motor policies, common motor claim frauds and case studies.
10Health Insurance Frauds26 questions26
Health insurance frauds: health policies, types of fraud, ways to reduce fraud and case studies.
11Liability Insurance Frauds26 questions26
Liability insurance frauds: liability policies, their features and laws, and frauds seen in liability claims.
12Livestock and Rural Insurances Frauds26 questions26
Livestock and rural insurance frauds: rural and livestock policies, common frauds and case studies.
13Life Insurance Frauds26 questions26
Life insurance frauds: types of life plans, common frauds, their impact, prevention and a case study.
14Investigation of Losses in Insurance26 questions26
Investigating insurance losses: qualities of an investigator, types of evidence, reports and investigation methods.
15Money Laundering in Insurance27 questions27
Money laundering in insurance: how it happens, anti-money laundering rules and customer identification procedures.
Draws from all 400 questions across every chapter, so no two attempts are the same.
IC-39: frequently asked questions
What does IC-39 cover?
IC-39 covers insurance fraud and how to fight it: types and laws on fraud, global and Indian anti-fraud measures, frauds in each line of insurance, loss investigation and money laundering.
Is IC-39 compulsory?
No. IC-39 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-39?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-39 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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