III Licentiate IC 01 Principles Of Insurance Mock Test
III Licentiate PrepPro- Practice Test & Mock Test for Insurance Institute of India Licentiate Exams IC 01
Description
III Licentiate PrepPro- Practice Test & Mock Test for Insurance Institute of India Licentiate Exams. Licentiate Exam Preparation Mock Test for IC 01 III Licentiate Exam Preparation Mock Test - IC 01 Principles Of Insurance.
ABOUT THIS MOCK TEST-
700+ Question Bank Spread Across 5 Mock Test & a Chapter Summary Test. To help individuals gauge their current level of knowledge and further enhancement of confidence for real III Licentiate Exam. Mock Tests is specially designed Learning Outcome wise & Test Objective wise as outlined by III for each chapter.
A) 5 Mock Test (100 Questions Each) Covering all Test Objectives Outlined by Insurance Institute of India
B) One test of 200+ Questions covering the summary of all Chapters
Key Features:
1) Detail Explanations to strengthen your exam preparation
2) Knowledge Area to assess weak area and re-preparer.
This online mock test aims to equip learners with a comprehensive understanding of relevant expertise needed for success in III Licentiate Exam for IC 01 – Principles Of Insurance.
Chapters Covered
1: Risk Management
2: The Concept of Insurance and its Evolution
3: The Business of Insurance
4: The Insurance Market
5: Insurance Customers
6: The Insurance Contract
7: Insurance Terminology
8: Life Assurance products
9: General Insurance Products
10: History of Insurance & History of Insurance in India.
-Knowledge Area Covered on This Online Mock Test-
Understand risk analysis and risk management techniques.
Understand risk retention for individuals.
Understand the meaning of risk and distinguish between different types of risks
Appreciate the importance of the insurance industry
Be aware how insurance evolved
Discuss the different classes of insurance
Understand how insurance works
Understand the concept of insurance
Discuss the role of insurance in economic development and social security
Explain reinsurance and its importance
Understand how insurers manage risk
Understand how premiums are fixed
Understand how risk is managed by individuals
Be familiar with the Indian insurance market
Learn about the role of intermediaries
Learn about the role of specialists
Learn about the role of the regulator and other bodies
Discuss the importance of ethical behaviour
Understand customer mindsets and customer satisfaction.
Understand the different types of customers and how they differ
Understand who is an insured
Discuss the insurance contract.
Learn about the significance of the principle of Insurable Interest.
Learn the Concept of Proximate Cause
Understand the principle of indemnity
Understand the principle of Subrogation and Contribution
Understand terms that are specific to non-life insurance
Understand the terms that apply to life and non-life insurance
Understand the terms that are specific to life insurance
Learn about traditional products offered by life insurance companies
Understand the features of annuities and group policies
Know about the products offered by non-life insurance companies
Learn about various insurance products offered under miscellaneous category
Understand the features of fire insurance and marine insurance product
NOTE-
This mock test is part of my printed guidebook: III Licentiate Exam Preparation Guide IC 01 PRINCIPLES OF INSURANCE Revised – Nov 2023
The printed book is available on all major ecommerce websites like Amazon / Flipkart etc. Else you can also directly get it from publisher with FREE SHIPPING Offer.
What You Will Learn!
- 700+ Question Bank Covering all Test Objectives & Learning Outcomes Outlined by Insurance Institute of India
- Best III Licentiate Exam Preparation tool with Detail Explanations for Each Correct Answers
- Special Test (200+ Questions) on All Chapter Summary to Strengthen Your Conceptual Understanding & Retention of Memory
- Knowledge Area Given at End of Each Test to help in assessing weak area and strengthen further
Who Should Attend!
- The Insurance Institute of India's Licentiate Exam is designed to assess an individual's knowledge and understanding of insurance principles, practices, and regulations. There are several reasons why someone might consider taking this exam: Professional Development: Passing the Licentiate Exam demonstrates a certain level of proficiency and knowledge in the field of insurance. It can enhance your credibility and open up opportunities for career advancement within the insurance industry. Regulatory Requirement: In many jurisdictions, holding a licentiate qualification is a regulatory requirement for working in the insurance sector. Taking and passing this exam may be necessary to meet these regulatory standards and to legally practice insurance. Enhanced Skills and Knowledge: Preparing for and taking the Licentiate Exam can deepen your understanding of insurance concepts, products, and regulations. This can improve your ability to perform effectively in your role within the insurance industry. Career Opportunities: Holding a licentiate qualification can make you more attractive to employers within the insurance industry. It may also open up opportunities to work in related fields such as risk management, underwriting, claims management, or insurance brokerage. Professional Recognition: Achieving a licentiate qualification from a reputable institution like the Insurance Institute of India can provide you with professional recognition within the industry. It demonstrates your commitment to continuous learning and professional development. Networking Opportunities: Engaging with other professionals who are preparing for the exam or who have already passed it can provide valuable networking opportunities. Building relationships with others in the industry can lead to new career opportunities or collaborations in the future. Overall, taking the Insurance Institute of India's Licentiate Exam can be a valuable investment in your career within the insurance industry, providing opportunities for professional development, career advancement, and enhanced credibility.
- Insurance Professionals
- Students Who Aspiring to Build Career in Insurance Industry
- MBA Finance & MBA Insurance Students
- Insurance Agents
- Insurance Underwriters
- Insurance Claim Professionals
- Insurance Surveyor
- Law Students & Practicing Advocate or Legal Professionals having Insurance Clients
- Content Writer & Financial Bloggers
- Insurance Risk Managers