What is IC-38 IRDA Insurance Agent Exam 2026? How to clear it?

The insurance sector is among the fastest-growing industries in the Indian economy, regulated by the Insurance Regulatory and Development Authority of India (IRDAI). To pursue this career, one must obtain an IC-38 exam. This exam is conducted online and features multiple-choice questions.

Insurance is no longer seen as a luxury but as a necessity for financial planning. This surge in demand has created a vast market for life insurance agents, health insurance agents, motor insurance agents, and general insurance agents.

What is the Insurance Agent Exam?

The insurance agent exam, also known as the IC38 examination, is conducted to qualify insurance agents and advisors. The examination guidelines are set by the IRDAI (Insurance Regulatory and Development Authority of India), and it is a mandatory qualifying exam for anyone who wishes to become an insurance agent or advisor. 

Candidates are expected to demonstrate a basic understanding of insurance products, regulations, ethics, and sales best practices. The exam is usually conducted online in a multiple-choice question (MCQ) format after candidates complete the mandatory training prescribed by IRDAI.

What is the IC-38 Exam?

The IC-38 exam is a qualifying examination conducted by the Insurance Regulatory and Development Authority of India (IRDAI) for individuals who wish to become licensed insurance agents or advisors. It serves as a gateway for those aspiring to sell insurance products in India.

IC38 IRDA Exam Highlights

The IC-38 exam is divided into two categories

• IC-38- Insurance Exam is divided into three parts: Life, Non-Life, and Health
• IC-38-  Corporate Insurance Agent Exam is divided into 2 parts: General and Health

IC 38 Insurance Advisor Exam Eligibility Criteria

• You must be at least 18 years old to apply.
• You should have completed at least 10th grade from a recognized board.
• You must pass the IRDAI licensing exam to become a certified insurance agent.

Also Read: How to Check License Number after Passing IRDAI Exam

IC38 Exam Fees

The IC38 exam fee depend on a wide range of factors such as the insurance company, training institute, and the type of license you are seeking. Here is a tentative idea regarding the IC38 Exam Fee:

IC38 Exam Passing Marks

The passing marks for the exam are 18/50. There is no negative marking. The exam consists of 50 MCQs, each worth 1 mark. You will need to answer at least 18 questions correctly to qualify. As explained before, the examination is conducted online and must be completed within 60 minutes.

Documents Required for IC38 Exam

Here are some of the basic documents required; however, please note that the exact documents needed for the registration will be communicated by the relevant authority:

• Aadhaar Card
• PAN Card
• Educational Qualification Proof (10th pass certificate or above)
• CA/CS/CMA membership details, if applicable
• Passport-size Photograph
• Active Mobile Number
• Valid Email ID

How to Register for the IRDAI Exam?

To register for the insurance advisor examination, you must first enroll with an insurance company whose policies you intend to sell. The enrollment process involves filling out a registration form provided by the insurance company. Ensure that all your details are accurately entered in the form and pay the registration fee, which is determined by the IRDAI and may vary.

After completing the registration form and paying the required fee, you will be officially registered for the IRDAI exam. However, before you are eligible to take the exam, you must complete the mandatory training prescribed by the IRDAI. Only after finishing this training can you sit for the insurance advisor exam.

IC 38 Insurance Exam Format

Below, you will find a detailed overview of both the syllabus and structure for the IRDA insurance agent exam pattern:

Type of Questions:

1. Multiple Choice Questions (MCQs): Each question has four options, out of which only one is correct.
2. Scenario-Based Questions: Some questions may present a real-life scenario where candidates need to apply their knowledge to choose the correct answer.
3. Fact-Based Questions: These are straightforward questions testing knowledge of factual information about insurance regulations, products, or terms.

Sample Question - Insurance license exam

1- Which among the following is the regulator for the insurance industry in India?

1. Insurance Authority of India
2. Insurance Regulatory and Development Authority of India
3. Life Insurance Corporation of India
4. General Insurance Corporation of India

2- A bonus of ₹1000 is to be divided among three people so that Rajat gets twice as much as Suraj, who receives ⅕ as much as Ganga. How much money should Ganga receive?

1. ₹625
2. ₹375
3. ₹250
4. ₹100

3- Which type of insurance provides financial support to the insured in case of hospitalization?

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1. Life Insurance
2. Health Insurance
3. Motor Insurance
4.  Travel Insurance

4- Which among the following is a method of risk transfer?

1. Bank FD
2. Insurance
3. Equity shares
4. Real estate

5- A customer having a complaint regarding his insurance policy can approach the IRDA

1. IGMS
2. District Consumer Forum
3. Ombudsman
4. IGMS or District Consumer Forum or Ombudsman

IRDAI Life Insurance Exam Syllabus

• Principles of insurance
• Insurance products
• Regulations and guidelines
• Insurance marketing and sales
• Insurance claims and settlement
• Ethics and customer service

To obtain IRDAI certification as a Life Insurance Agent, it's essential to thoroughly cover each topic and grasp the key concepts and principles. Ensure you study all the topics outlined in the syllabus to be fully prepared for the exam.

Read More - IRDA Hall Ticket - Everything You Need to Know

Tips to clear the Insurance Broker Exam

1. Focus on IRDAI Study Material

The study material provided during pre-licensing training covers the exam syllabus comprehensively.

2. Practice Mock Tests

Attempting practice exams and previous question papers helps in familiarizing myself with the question pattern and time management.

3. Understand Key Concepts

Especially in areas like insurance principles, regulatory norms, and different insurance products.

How can PBPartners help you become a certified Insurance agent?

By partnering with PBPartners, you gain access to a robust support system that not only helps you become a certified insurance agent but also empowers you to succeed and thrive in your insurance career. We are equipped with the best training team and give you IRDAI-prescribed pre-licensing training that covers the syllabus required to pass the IC-38 exam. This training includes detailed modules on insurance products, industry regulations, ethics, and sales techniques.

Passing the IRDAI exam to become an insurance advisor demands dedication, hard work, and a solid grasp of the exam pattern and syllabus. By following the steps outlined in this article, you can prepare effectively and boost your chances of success.

Make sure to thoroughly study the syllabus, use reliable study materials, take mock tests, revise regularly, and stay updated with the latest industry developments. With the right preparation and a positive mindset, you can successfully clear the IRDAI exam and begin a fulfilling career as an insurance advisor in India.

An insurance career is rewarding, and you can choose to become an insurance advisor either with an insurance company or with PBPartners to benefit from insurance sales.