AssociateIC-89 · 2025 Edition

Management Accounting

Insurance Institute of India: Associate Examination

Covers financial management and financial statements, ratio analysis, budgeting and budgetary control, fund flow and cash flow statements, insurance company investments and IRDA regulations, the Indian capital market, mutual funds and AIFs, capital budgeting (NPV/IRR), international financial management, MIS, disclosure norms, portfolio management, the foreign exchange market and financial risk management and derivatives.

✓15 chapters✓Chapter-wise practice tests✓1 full mock test (100 multiple choice questions · 2 hrs)✓Personalised study recommendations✓Subject tutor (available after purchase)
Individual module
₹999/ 1 year access

7-day full refund, no questions asked · Instant access · Secure payment by Razorpay

IC-89 is included in the Associate Bundle, 6 papers for ₹2,499 →
✓ Instant access after payment
✓ 7-day satisfaction guarantee
✓ Secure payment via Razorpay
685verified practice questions

450 practice + 235 Enhanced Practice

Across 15 chapters, every question reviewed and exam-aligned.

ChapterChapter NameQuestions
1Introduction to Financial Management30 + 12 Enhanced
2Preparation and Presentation of Financial Statements30 + 20 Enhanced
3Financial Statements Analysis and Ratio Analysis30 + 20 Enhanced
4Budget and Budgetary Control30 + 15 Enhanced
5Fund Flow and Cash Flow Statements30 + 12 Enhanced
6Investment of Insurance Companies and IRDA Regulations30 + 12 Enhanced
7Indian Capital Market30 + 20 Enhanced
8Mutual Funds, Venture Capital, Life Insurance Policies and AIFs30 + 20 Enhanced
9Capital Budgeting30 + 15 Enhanced
10International Financial Management30 + 20 Enhanced
11Management Information System30 + 12 Enhanced
12Disclosure Norms for Life and Non-life Insurance Companies30 + 12 Enhanced
13Portfolio Management30 + 15 Enhanced
14Foreign Exchange Market and Management of Exchange Rate30 + 15 Enhanced
15Financial Risk Management and Derivatives30 + 15 Enhanced
1 Mock Test
•100 random questions
•120 minutes
•Fresh questions every attempt

Draws from all 450 questions across every chapter, so no two attempts are the same.

The Advanced Mock Test draws from 235 Enhanced Practice questions.

Try before you buy

Experience 3 free questions, no registration needed.

Start Free Demo →

Chapters in this module

1. Introduction to Financial Management • 30 MCQs + 12 Enhanced
2. Preparation and Presentation of Financial Statements • 30 MCQs + 20 Enhanced
3. Financial Statements Analysis and Ratio Analysis • 30 MCQs + 20 Enhanced
4. Budget and Budgetary Control • 30 MCQs + 15 Enhanced
5. Fund Flow and Cash Flow Statements • 30 MCQs + 12 Enhanced
6. Investment of Insurance Companies and IRDA Regulations • 30 MCQs + 12 Enhanced
7. Indian Capital Market • 30 MCQs + 20 Enhanced
8. Mutual Funds, Venture Capital, Life Insurance Policies and AIFs • 30 MCQs + 20 Enhanced
9. Capital Budgeting • 30 MCQs + 15 Enhanced
10. International Financial Management • 30 MCQs + 20 Enhanced
11. Management Information System • 30 MCQs + 12 Enhanced
12. Disclosure Norms for Life and Non-life Insurance Companies • 30 MCQs + 12 Enhanced
13. Portfolio Management • 30 MCQs + 15 Enhanced
14. Foreign Exchange Market and Management of Exchange Rate • 30 MCQs + 15 Enhanced
15. Financial Risk Management and Derivatives • 30 MCQs + 15 Enhanced

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