The Insurance Regulatory and Development Authority of India (IRDAI) conducts the IRDA examination, additionally referred to as the IRDA IC38 Exam, to certify individuals as certified coverage sellers in India. This examination is mandatory for every body who wants to promote coverage rules legally in India. Whether you are trying to turn out to be a lifestyles coverage agent, popular insurance agent, or health insurance consultant, clearing the IRDA examination is the first step.In this weblog, we will provide a specific step-through-step guide on irda exam registration, eligibility, charges, syllabus, and preparation tips. If you’re looking to construct a career within the coverage region, this guide will help you understand the entire manner.
What is the IRDA Exam?
The IRDA exam, formally known as the IC38 Exam, is conducted through IRDAI to make sure that coverage dealers have the important expertise approximately coverage products, rules, ethics, and customer support before they start selling guidelines.
Types of IRDA Exams:
- Life Insurance Agent Exam – For those who need to sell life coverage rules.
- General Insurance Agent Exam – For those interested in promoting non-existence insurance rules like motor, fitness, domestic, or travel insurance.
- Composite Insurance Agent Exam – For folks who want to sell both existence and trendy coverage regulations.
Eligibility Criteria for IRDA Exam
Before registering for the IRDA examination, applicants have to fulfill the subsequent eligibility standards:
- Age Limit: Minimum 18 years vintage (no upper age restrict).
- Educational Qualification:
- Minimum qualification: tenth pass (for rural candidates).
- twelfth skip (for city candidates).
- Training Requirement: Candidates ought to whole 15 hours of obligatory training from an IRDAI-authorized schooling institute or the insurance agency they desire to paintings with.
IRDA exam registration?
Follow those easy steps to complete the IRDA examination registration system efficiently:
Step 1: Choose an Insurance Company or Training Institute
- You want to partner your self with an IRDA-accredited coverage enterprise or a registered education institute before performing for the exam.
- Most predominant coverage agencies like LIC, SBI Life, ICICI Lombard, HDFC Life, and Max Life provide IRDA schooling applications for aspiring dealers.
Step 2: Complete the Mandatory 15-Hour Training
- Once registered, applicants ought to undergo 15 hours of on line or offline education overlaying insurance basics, underwriting, policy terms, and IRDAI policies.
Step three: Fill Out the IRDA Exam Registration Form
- Visit the official IRDA internet site or the portal supplied by way of the insurance agency.
- Fill inside the required information, inclusive of name, age, deal with, and academic qualifications.
- Upload scanned copies of necessary documents (Aadhaar card, PAN card, academic certificate, and so on.).
Step 4: Pay the Exam Fee
- The IRDA examination charge is ₹250 – ₹500 (varies with the aid of employer and coverage type).
- Payment may be made via debit card, credit card, internet banking, or UPI.
Step 5: Receive Exam Slot and Admit Card
- After a hit registration, applicants receive an exam slot and admit card via electronic mail or the registered portal.
- The exam is carried out on line at particular centers across India.
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IRDA Exam Syllabus and Pattern
The IRDA IC38 exam is a multiple-choice question (MCQ) based totally take a look at designed to evaluate a candidate’s expertise of insurance ideas.
Exam Pattern
- Mode: Online
- Total Questions: 50
- Duration: 1 hour
- Passing Marks: 18 out of 50 (35%)
- Negative Marking: No bad marking
Syllabus Topics
- Introduction to Insurance
- Types of Insurance Policies
- Principles of Insurance
- Insurance Terminologies
- Policyholder Rights and Duties
- IRDAI Regulations and Ethics
- Claim Settlement Process
- Policy Underwriting and Risk Assessment
How to Prepare for the IRDA Exam?
Here are a few powerful instruction tips that will help you clean the IRDA examination on the first strive:
1. Study the IC38 Handbook
- The IC38 observe material provided by using IRDAI covers the whole thing you need to understand for the examination.
- Read it very well and take notes on critical subjects.
2. Take Online Practice Tests
- Attempt mock exams and previous 12 months question papers available on web sites like NISM, IRDAI, and insurance company portals.
three. Focus on Key Insurance Concepts
- Understand the basic principles of coverage like utmost suitable faith, indemnity, insurable interest, and subrogation.
4. Watch Video Tutorials
- Many insurance corporations provide online video instructions for exam coaching.
- You also can discover useful YouTube films on IRDA exam recommendations.
five. Revise and Take Notes
- Summarize key points and revise them earlier than the examination.
- Pay special attention to coverage legal guidelines and IRDAI policies.
What Happens After You Pass the IRDA Exam?
Once you skip the IRDA exam, you may get hold of an IRDA License Number (URN), which permits you to work as a licensed insurance agent in India.
Next Steps:
✅ Complete Onboarding with Your Insurance Company – Submit files and sign an settlement.
✅ Start Selling Policies – You can now legally sell insurance plans and earn commissions.
✅ Attend Periodic Training – Insurance dealers want to go through regular schooling as in line with IRDAI tips.
Career Benefits of Becoming an IRDA Certified Insurance Agent
Becoming an IRDAI-licensed agent gives several career advantages:
✅ High Earning Potential – Agents earn fee-based profits with limitless earning ability.
✅ Flexible Work Hours – No constant nine-to-five activity, work at your comfort.
✅ Growing Insurance Industry – India’s insurance penetration is growing, developing a demand for educated marketers.
✅ No Investment Required – Start your career with minimum prices.
✅ Opportunity to Build a Business – With enjoy, you may open your very own coverage consultancy.
Insurance Industry Growth Stats in India
📌 India’s coverage market is expected to reach USD 250 billion by means of 2025 (Source: IRDAI).
📌 More than 20 lakh coverage dealers are presently operating in India.
📌 Health insurance call for has surged by 30% put up-COVID-19.
For more details, visit the official IRDAI website: www.irdai.gov.in