AssociateIC-46 · 2023 EditionRequired paper

General Insurance Accounts

Insurance Institute of India: Associate Examination

Compulsory for the General stream Associate. Covers insurance accounting, financial statements, and financial management.

✓19 chapters✓Chapter-wise practice tests✓1 full mock test (100 multiple choice questions · 2 hrs)✓Personalised study recommendations✓Subject tutor (available after purchase)
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476verified practice questions

Across 19 chapters, every question reviewed and exam-aligned.

ChapterChapter NameQuestions
1Unit 1: Financial Accounting Meaning & Scope23
2Unit 2: Accounting Concepts, Principles & Convention25
3Unit 3: Accounting Standards - Objectives & Interpretation24
4Unit 4: Accounting Policies24
5Unit 5: Accounting Process25
6Unit 6: Accounting Methods, Procedures & Control25
7Unit 7: Depreciation Accounting26
8Unit 8: Bank Reconciliation Statement25
9Unit 9: Company Accounts (Companies Act 2013)27
10Unit 10: General Insurance Accounting Process & Techniques26
11Unit 11: Insurance Accounting Regulations27
12Unit 12: Preparation & Presentation of Financial Statements26
13Unit 13: Reinsurance Accounting25
14Unit 14: IRDAI Investment Regulations 201626
15Unit 15: Investment Accounting24
16Unit 16: Annual Reports (Companies Act 2013)24
17Unit 17: Statutory Audit in General Insurance25
18Unit 18: Internal Audit in General Insurance24
19Unit 19: Goods & Services Tax (GST)25
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Chapters in this module

1. Unit 1: Financial Accounting Meaning & Scope • 23 MCQs
2. Unit 2: Accounting Concepts, Principles & Convention • 25 MCQs
3. Unit 3: Accounting Standards - Objectives & Interpretation • 24 MCQs
4. Unit 4: Accounting Policies • 24 MCQs
5. Unit 5: Accounting Process • 25 MCQs
6. Unit 6: Accounting Methods, Procedures & Control • 25 MCQs
7. Unit 7: Depreciation Accounting • 26 MCQs
8. Unit 8: Bank Reconciliation Statement • 25 MCQs
9. Unit 9: Company Accounts (Companies Act 2013) • 27 MCQs
10. Unit 10: General Insurance Accounting Process & Techniques • 26 MCQs
11. Unit 11: Insurance Accounting Regulations • 27 MCQs
12. Unit 12: Preparation & Presentation of Financial Statements • 26 MCQs
13. Unit 13: Reinsurance Accounting • 25 MCQs
14. Unit 14: IRDAI Investment Regulations 2016 • 26 MCQs
15. Unit 15: Investment Accounting • 24 MCQs
16. Unit 16: Annual Reports (Companies Act 2013) • 24 MCQs
17. Unit 17: Statutory Audit in General Insurance • 25 MCQs
18. Unit 18: Internal Audit in General Insurance • 24 MCQs
19. Unit 19: Goods & Services Tax (GST) • 25 MCQs

Exam-preparation material only. InsuranceGurukul does not sell insurance or financial products.