Agricultural Insurance
Insurance Institute of India: Associate Examination
Associate level elective covering Indian agriculture and its risks, the history and design of crop insurance, yield-index and weather-based crop insurance, R-PMFBY, traditional crop insurance underwriting and claims, international practice, crop loss assessment including modern technologies, livestock, cattle and poultry insurance, miscellaneous agriculture schemes, and agriculture reinsurance.
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IC-71 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 19 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Glossary of Terms for Agricultural Insurance23 questions23
Glossary of key terms used in agricultural and crop insurance, from accumulation to franchise.
2Introduction to Indian Agriculture23 questions23
Indian agriculture: its role in the economy, key indicators, agricultural census, land records and development phases.
3Risks in Agriculture23 questions23
Types of risks in agriculture, formal and informal coping methods, and climate change impact.
4History of Crop Insurance in India23 questions23
History of crop insurance in India, from early schemes like CCIS and ECIS to the AIC.
5Crop Insurance Design Considerations23 questions23
Crop insurance design: benefits, classification of schemes, key elements and design considerations.
6Crop Insurance (Yield Index Based) - Underwriting and Claims23 questions23
Yield index based crop insurance: NAIS and modified NAIS, coverage, premium rates, indemnity levels and claims.
7Revamped Pradhan Mantri Fasal Bima Yojana (R-PMFBY)23 questions23
Revamped Pradhan Mantri Fasal Bima Yojana: scheme provisions, roles, premiums, yield estimation and claims.
8Weather Based Crop Insurance Model23 questions23
Weather based crop insurance: concepts, rainfall based covers, claim triggers, benefits and challenges.
9Traditional Crop Insurance: Underwriting and Claims23 questions23
Traditional crop insurance underwriting and claims: hail, horticulture and plantation inputs, and floriculture covers.
10Agriculture Insurance in Other Countries23 questions23
Agricultural insurance programmes in other countries, the role of government and micro insurance.
11Crop Loss Assessment - Principles and Objectives23 questions23
Crop loss assessment principles: contract clauses, loss adjustment objectives and the two step CCE method.
12Planning Crop Loss Assessment23 questions23
Planning crop loss assessment: farm visit preparation, equipment and the step by step assessment procedure.
13Crop Loss Assessment - Use of Modern Technologies23 questions23
Modern technologies for crop loss assessment, including satellite remote sensing and drones.
14Livestock / Cattle Wealth in Indian Rural Economy23 questions23
Livestock sector in the Indian rural economy: its components, organisations such as NDDB, and growth.
15Types of Cattle and Buffaloes23 questions23
Indian breeds of cattle and buffaloes, their diseases and treatment, valuation and selection.
16Cattle Insurance in India23 questions23
Cattle insurance in India: scheme coverage, premium, underwriting, animal identification and unborn calf cover.
17Poultry Insurance in India23 questions23
Poultry and duck insurance: coverage, exclusions, underwriting and valuation tables for premium and claims.
18Miscellaneous Agriculture Insurance Schemes23 questions23
Insurance schemes for other animals such as sheep, pigs, horses and pets, plus silkworm and bees.
19Agriculture Reinsurance23 questions23
Agriculture reinsurance: why it is needed, how it spreads risk and common reinsurance arrangements.
Draws from all 437 questions across every chapter, so no two attempts are the same.
IC-71: frequently asked questions
What does IC-71 cover?
IC-71 covers agricultural insurance in India: farm risks, the history and design of crop insurance, PMFBY and weather based schemes, crop loss assessment, cattle, poultry and other animal insurance, and agriculture reinsurance.
Is IC-71 compulsory?
No. IC-71 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-71?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-71 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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