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III Licentiate Exam Preparation Guide | IC 01 PRINCIPLES OF INSURANCE | Mock Test | 500+ Question Bank | Revised 2023

Mock Test for Insurance Institute of India Exams
P. Anshu, Edited By: Shivi & Kriti
Type: Print Book
Genre: Business & Economics, Exam Preparation
Language: English
Price: ₹499
Price: ₹499
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1. HINTS: Unlock the power of hints!

Each question in this book comes with a "HINTS" except the Mastery Test. Hints are strategically crafted to gently guide you in the right direction, nudging your thought process without giving away the solution entirely. Think of them as friendly nudges from a mentor, providing valuable insights to help you navigate the problem. Embrace the hints and let them illuminate the path to understanding. They're not just clues; they're your allies in conquering complexity and mastering the art of problem-solving. Happy hinting! When you encounter a question with hints, consider it your secret weapon for overcoming challenges.

2. EXPLANATIONS: Double Power for Your Success!! Apart from HINTS, another tool is given to you for your success in III Licentiate Exams. After each test the correct answer sheet is given along with Explanations, which are crucial for learners for several reasons:

 Understanding the Concept: Explanations provide a deeper understanding of the underlying concept or principle for each test objective of III Licentiate Exam. Learners can grasp not just the answer but the reasoning and logic behind it.

 Clarification of Doubts: Learners may have misconceptions or doubts about certain Learning Outcome required to achieve through III Licentiate Exam. Explanations help address these doubts, ensuring that learners have a clear and accurate understanding.

 Application of Knowledge: Explanations show how the learned concept is applied in a particular context in III Licentiate Exam. This helps learners see the practical relevance of the knowledge and how it can be used in real-world situations.

 Critical Thinking: By providing explanations, learners are encouraged to think critically about the subject matter for III Licentiate Exam. They can analyze the information, connect it to other concepts, and develop a more comprehensive understanding.

 Most Imp. Retention and Memory: Understanding the 'why' behind an answer enhances memory retention. Learners are more likely to remember information when they understand the reasons and logic behind it, rather than memorizing isolated facts. This will surely be an advantage for III Licentiate Exam.

 Building Confidence: Clear explanations build confidence in learners before they go for final III Licentiate Exam. When they understand the material thoroughly, they feel more confident in their ability to apply their knowledge in different situations.

Explanations play a vital role in the learning process by providing clarity, fostering understanding, and empowering learners to apply their knowledge effectively for sure success in real III Licentiate Exam. They transform learning from a memorization task into a meaningful and engaging exploration of concepts.

3. POWER of EVALUATION SECTION: 25 Evaluation Questions are given

Dear Learners, we understand the importance of making informed choices when it comes to your III Licentiate Exam preparation. That's why we given some of evaluation questions at the beginning of the book and invite you to explore our 'Evaluation Section’ and take a sneak peek into the quality of questions, Hints, and explanations given before making a commitment. In this section, you'll find a detailed overview of sample questions to give you a taste of what awaits within its pages. Take a sneak peek into the meticulously crafted questions, peruse the comprehensive coverage of IC 01 Principles of Insurance, and assess the quality of our mock tests and question bank. Your satisfaction is our priority, and we believe that the 'Evaluation Section' empowers you to make a confident decision before embarking on your exam preparation journey. Happy exploring and may your learning experience be as rewarding as your success in your final III Licentiate Exam!

Unlock Your Success with the 'III Licentiate Exam Preparation Guide: Principles of Insurance'—Revised Edition 2023. Dive deep into the intricacies of insurance with this comprehensive guide tailored for the Insurance Institute of India Licentiate Exams.

Key Features:

 500+ Question Bank for rigorous practice
 1 Chapter Wise Practice Test (50 Questions)
 3 Mock Tests to Match the Learning Outcome & Test Objectives (300+ Questions i.e 100 Questions Each)
 1 Mastery Test to simulate exam conditions. (100 Questions)
 Correct Answer along with Explanations for each question
 Hints for all questions except in Mastery Test

 Thorough coverage of IC 01: Principles of Insurance
 Detailed chapters on
o Chapter 1: Risk Management
o Chapter 2: The Concept of Insurance and its Evolution
o Chapter 3: The Business of Insurance
o Chapter 4: The Insurance Market
o Chapter 5: Insurance Customers
o Chapter 6: The Insurance Contract
o Chapter 7: Insurance Terminology
o Chapter 8: Life Assurance products
o Chapter 9: General Insurance Products
o Chapter 10: History of Insurance & History of Insurance in India.

 In-depth exploration of each concept and learning outcome as well as test objectives outlined by III.
 Historical insights into the Evolution of Insurance globally and in India

Whether you're a seasoned candidate or just starting your journey, this guide equips you with the knowledge and practice needed to excel. Master each chapter, hone your skills with mock tests, and stride confidently into the exam hall. Your success in the III Licentiate Exam awaits—start your preparation journey now!


@TabarKiKhushi : A new age YouTube channel helping learners in publishing good quality exam related quiz, hence we have given them 300+ additional question bank for each III Exams Module and they are publishing those in form of quiz video. We recommend you go through those free quizzes to increase your chances of passing the exam in first attempt.

Channel Link:
Instagram Link:

Gurukul On Road: This is my website going live from 1st December 2023 and will be publishing Practice Test, Mock Test on through this website at absolutely free of cost.

About the Authors

Anshu, a passionate Six-Sigma Certified corporate trainer, qualified financial planner, driven by an objective to achieve & empower financial inclusion through quality education with a fundamental principle of "Earn living hood by serving". Equipped with over a decades of national & international financial industry experience specialized in area of operation, training & Content development.

Numerous contributions have been made by him in the field, being associated with world renowned organizations, NGOs, Educational Institute & Consultants. Also serving as visiting Faculty to various financial academic institution & Hon Global Advisor: American Academy of Financial Management® Presidential Board, AAFM® Board of Standards.

He is a passionate traveler, travelled all Indian states & union territories as road trip, covering around 5lkh+ kilometers. His travel story on road begins with a quote "Design rather than default", was the great saying which somehow shaken him since childhood. It’s been told to him that; he was born on road… Yes true! Since the time of birth, he got his graduation as BBA (Born Before Arrival at the hospital). Probably it was the 1st unconditional decision taken by him to come out into this world. The Love for ROAD & Travel is inherited from the creation itself.

It was not well known to all that ROADs would have a major role to play in later stage of his life. Life moved on the way it was supposed to as everyone moves, with imposed conditionings. It’s always been told to him “You cannot always choose how, when and even where?”. But for him Its Journey is the Destination.


I would like to express my heartfelt gratitude to all those who contributed to the creation of this book. Your support, encouragement, and expertise have been invaluable throughout this journey. I am deeply thankful to my family & friends for their unwavering support and understanding during the long hours and late nights spent writing and researching. Your patience and belief in me kept me motivated.

I extend my appreciation to my friends and colleagues who provided valuable insights, feedback, and inspiration. Your diverse perspectives enriched the content of this book. A special thank you to my sweet twin partner in creativity Shivi & Kriti for editing & designing a beautiful cover.

Finally, I express my gratitude to the learners, students and readers. Your interest and engagement with this book make all the effort worthwhile. I wish you a great success in your upcoming III Exam.

Book Details

ISBN: 9781637547908
Number of Pages: 156
Dimensions: 8"x11"
Interior Pages: B&W
Binding: Paperback (Perfect Binding)
Availability: In Stock (Print on Demand)

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III Licentiate Exam Preparation Guide | IC 01 PRINCIPLES OF INSURANCE | Mock Test | 500+ Question Bank | Revised 2023

III Licentiate Exam Preparation Guide | IC 01 PRINCIPLES OF INSURANCE | Mock Test | 500+ Question Bank | Revised 2023

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