Engineering Insurance
Insurance Institute of India: Associate Examination
Associate level elective for the General stream. Covers development of engineering insurance, CAR, EAR, MCE, CW, CPM, ALOP, endorsements, machinery insurance, boiler and pressure plant, MLOP, electronic equipment insurance, reinsurance, risk management, and special international covers.
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IC-77 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) |
451 practice + 207 Enhanced Practice
Across 18 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Development of Engineering Insurance and Relevant Legislation25 + 12 Enhanced questions25 + 12 Enhanced
History of engineering insurance in India and abroad, and the laws and regulations that affect it.
2Engineering Insurance: Classes of Business, Principles and Practice25 + 10 Enhanced questions25 + 10 Enhanced
Classes of engineering insurance and the main principles and practices followed in this business.
3Type of Plant/Machinery and Equipment and Associated Hazards25 + 12 Enhanced questions25 + 12 Enhanced
Types of plant, machinery and power plants, and the hazards they face in construction and operation.
4Project Stages, Work Contract and Other Contracts25 + 10 Enhanced questions25 + 10 Enhanced
Project stages from idea to completion, and the works contract and other contracts used in projects.
5Contractors All Risk Insurance25 + 12 Enhanced questions25 + 12 Enhanced
Contractors All Risk insurance: cover, sum insured, premium, risk assessment and technical controls for civil projects.
6Erection All Risks (EAR) Insurance and Marine Cum Erection (MCE) Insurance25 + 12 Enhanced questions25 + 12 Enhanced
Erection All Risks and Marine cum Erection insurance: covers for installing plant and machinery.
7Contracts Works (CW) Insurance25 + 10 Enhanced questions25 + 10 Enhanced
Contract Works insurance for large projects, with sample questionnaires and proposal forms for underwriting.
8Contractor's Plant and Machinery Insurance25 + 10 Enhanced questions25 + 10 Enhanced
Contractor's Plant and Machinery insurance: protecting construction equipment against accidental damage.
9Advance Loss of Profit / Delay in Start-Up Insurance25 + 12 Enhanced questions25 + 12 Enhanced
Advance Loss of Profit insurance: covering lost profits from project delays, and its endorsements.
10Endorsements Including Supplementary Covers (CAR, EAR, CW)25 + 12 Enhanced questions25 + 12 Enhanced
Standard endorsements and extra covers for CAR, EAR and CW, and planning a project insurance programme.
11Machinery Insurance26 + 12 Enhanced questions26 + 12 Enhanced
Machinery insurance: cover for accidental damage and breakdown, and the policy's important provisions.
12Boiler and Pressure Plant Insurance25 + 12 Enhanced questions25 + 12 Enhanced
Boiler and pressure plant insurance: what the policy covers and its important provisions.
13Machinery Loss of Profits Insurance25 + 12 Enhanced questions25 + 12 Enhanced
Machinery Loss of Profits insurance: cover for lost earnings after breakdown, and underwriting considerations.
14Electronic Equipment Insurance25 + 10 Enhanced questions25 + 10 Enhanced
Electronic equipment insurance: policy sections, technical controls and underwriting considerations.
15Other Annual Policies25 + 12 Enhanced questions25 + 12 Enhanced
Deterioration of Stocks insurance for cold storages, and Civil Engineering Completed Risks insurance.
16Reinsurance25 + 10 Enhanced questions25 + 10 Enhanced
Reinsurance of engineering business: methods of arranging it, retentions, and the reinsurance programme in India.
17Risk Management, Risk Inspections and Loss Prevention25 + 12 Enhanced questions25 + 12 Enhanced
Risk management, risk inspections, loss prevention and loss minimisation in engineering insurance.
18Special Types of Engineering Insurance Covers in International Markets25 + 15 Enhanced questions25 + 15 Enhanced
International engineering covers: comprehensive project and machinery insurance, floaters, machinery leasing and aero engine cover.
Draws from all 451 questions across every chapter, so no two attempts are the same.
The Advanced Mock Test draws from 207 Enhanced Practice questions.
IC-77: frequently asked questions
What does IC-77 cover?
IC-77 covers engineering insurance: project covers like CAR, EAR and ALOP, machinery, boiler and electronic equipment policies, loss of profits, reinsurance and risk inspection.
Is IC-77 compulsory?
No. IC-77 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-77?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-77 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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