Motor Insurance
Insurance Institute of India: Associate Examination
Associate level elective covering motor insurance fundamentals, marketing, types of vehicles and policy documents, underwriting, own-damage and third party claims, IT applications, consumer delight, third party liability, procedures for filing and defending claims, quantum fixation, and fraud management and internal audit.
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IC-72 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 11 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Introduction to Motor Insurance45 questions45
History of motor insurance, principles of insurance in motor cover and Motor Vehicles Act provisions.
2Marketing in motor insurance45 questions45
Motor insurance marketing: declined risk pool, knock for knock, online sales, dealers and usage based insurance.
3Type of motor vehicles, documents and policies45 questions45
Types of motor vehicles, proposal forms, certificates and cover notes, policy types and motor trade policies.
4Underwriting in motor insurance45 questions45
Motor underwriting: detariffing and IRDAI guidelines, rating factors, premium computation and international practice.
5Motor insurance claims45 questions45
Motor own damage claims: claim workflow, types of losses, surveyor's role, road safety and fraud prevention.
6IT applications in motor insurance45 questions45
IT in motor insurance: cloud systems, analytics, predictive claims tools and the Insurance Information Bureau.
7Consumer delight45 questions45
Customer service in motor insurance: quality concepts, service commitments, grievance redressal and claim service gaps.
8Third party liability insurance45 questions45
Motor third party liability: international laws, who can claim, courts and tribunals, damages and insurer defences.
9Procedures for filing and defending45 questions45
Powers of Motor Accident Claims Tribunals and steps for filing and defending third party claims.
10Quantum fixation45 questions45
Fixing compensation in motor accident cases: heads of damages, property damage, non-earning victims and interest.
11Fraud management and internal audit45 questions45
Fraud in motor own damage and third party claims, fraud management and internal audit issues.
Draws from all 495 questions across every chapter, so no two attempts are the same.
IC-72: frequently asked questions
What does IC-72 cover?
IC-72 covers motor insurance in India: history and law, marketing, vehicle types and policies, underwriting, own damage claims, IT and customer service, third party liability, tribunal procedure, compensation and fraud control.
Is IC-72 compulsory?
No. IC-72 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-72?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-72 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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