Group Insurance and Retirement Benefit Schemes
Insurance Institute of India: Associate Examination
Covers group insurance products and regulations, tax aspects of group and retirement benefits, accounting standards (AS-15 / Ind AS 19), investment patterns for retirement schemes, administration, claims, reinsurance, valuation of liabilities, retirement benefit schemes and social security schemes.
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IC-83 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 12 chapters, every question reviewed and exam-aligned.
Tap a chapter to see what it covers.
1Introduction to Group Insurance38 questions38
Group insurance: background, how it differs from individual insurance, essential contract features and types of groups.
2Product Guidelines/Regulations38 questions38
IRDAI product regulations of 2019 for linked and non-linked products, including rules for group products.
3Group Life Insurance Products38 questions38
Group life products: fund based schemes, group term insurance, group annuities and group riders.
4Tax Aspects of Group & Retirement Benefit Schemes38 questions38
Income tax rules for group and retirement schemes, including sections 10, 17, 80CCC and 80CCD.
5Accounting Standards - 15 (Revised) and Indian Accounting Standard (Ind AS) 1938 questions38
Accounting for employee benefits under AS 15 (revised) and Ind AS 19.
6Investment Pattern for Retirement Schemes38 questions38
Investment patterns for retirement funds: EPFO fund management, pension fund investment, and NPS returns.
7Group Insurance - Administration, Claims and Renewals38 questions38
Group insurance administration: the life cycle of a group scheme, servicing, claims and renewals.
8Reinsurance for Group Insurance38 questions38
Reinsurance for group insurance: its meaning, why it is needed, and the main methods in brief.
9Valuation of Liabilities38 questions38
Valuing retirement scheme liabilities: funding methods, funding criteria and assessing defined contribution schemes.
10Retirement Benefit Schemes38 questions38
Retirement benefit schemes: occupational pensions, defined benefit and defined contribution plans, and other types.
11Administration of Retirement Schemes38 questions38
Administration of gratuity and Employees' Provident Fund schemes and the provisions of each.
12Social Security Schemes38 questions38
Social security: Social Security Code 2020, Public Provident Fund, National Pension System and Jan Suraksha schemes.
Draws from all 456 questions across every chapter, so no two attempts are the same.
IC-83: frequently asked questions
What does IC-83 cover?
IC-83 covers group insurance and retirement benefits: group products and regulations, tax and accounting rules, administration and claims, liability valuation, pension schemes, EPF, gratuity and social security.
Is IC-83 compulsory?
No. IC-83 is an optional paper worth 30 credit points. You can count it towards Licentiate, Associateship or Fellowship.
What is the pass mark for IC-83?
60%. A score of 75% or more is a pass with distinction.
How long is the IC-83 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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