Question 1

What does the IC‑38 Composite Insurance Agent variant enable you to do?

Accepted Answer

This variant allows individuals to obtain IRDAI licensing to sell Life, General, and Health insurance products under a single composite agent registration.

Question 2

Who conducts the IC‑38 Composite variant?

Accepted Answer

The Insurance Institute of India (III) administers the Composite variant exam on behalf of IRDAI, in accordance with regulatory guidelines.

Question 3

Who is required to clear the Composite variant?

Accepted Answer

Candidates wishing to represent insurers that offer Life, Health, and General insurance and act as composite agents must pass this unified variant.

Question 4

How many questions are there in the Composite variant exam?

Accepted Answer

Approximately 70–100 multiple-choice questions, depending on whether Health or General components are included.

Question 5

What is the duration of the Composite variant exam?

Accepted Answer

Candidates are allotted 120 minutes (2 hours) to complete the composite exam.

Question 6

What is the minimum passing score for Composite variant?

Accepted Answer

A pass requires 35% overall (i.e. 25–35 marks of 70–100). Grace marking may be granted to borderline scores.

Question 7

Is there negative marking in the Composite variant?

Accepted Answer

No. Negative marking is not applied, so attempting all questions is encouraged.

Question 8

Which languages is the Composite exam offered in?

Accepted Answer

Offered in English, Hindi, and regional languages based on III test‑centre facilities.

Question 9

How much training is required to take this variant?

Accepted Answer

Composite candidates must complete 75 hours of IRDAI‑approved training covering all three insurance streams.

Question 10

Can I take other variants separately instead of Composite?

Accepted Answer

Yes — Life, Health, or General variants can be taken individually if full composite knowledge is not needed.

Question 11

How frequently is the Composite exam administered?

Accepted Answer

Held periodically throughout the year after training completion; schedules appear on III’s registration portal.

Question 12

What topics are in the Composite syllabus?

Accepted Answer

Includes core insurance fundamentals and detailed modules for Life, Health, General policies, regulations, ethics, and servicing.

Question 13

Is this exam computer‑based?

Accepted Answer

Yes — conducted via computer at authorized III test centres only.

Question 14

How do I register for the Composite variant?

Accepted Answer

Complete composite training, select Composite variant in III portal, pay fees, and choose centre and date.

Question 15

What is the exam fee for the Composite variant?

Accepted Answer

Fees are higher than single variants, typically ₹1,200–₹1,500 depending on provider and region.

Question 16

When and how are results disclosed?

Accepted Answer

Results are shown on-screen immediately upon completion of exam.

Question 17

Does grace marking apply for Composite?

Accepted Answer

Yes — borderline scores (e.g. just below pass mark) may be adjusted under policy discretion.

Question 18

What license is issued after passing Composite variant?

Accepted Answer

A **Composite Agent licence**—you can sell Life, Health, and General insurance products under a single licence valid for 3 years.

Question 19

Is renewal needed after expiry of Composite licence?

Accepted Answer

Yes, requires 25 hours of CPD training but no re-exam is needed.

Question 20

Can Composite licence be transferred between insurers?

Accepted Answer

Yes — agent code is portable across insurers under IRDAI norms.

Question 21

How is the Composite syllabus weight distributed?

Accepted Answer

Balanced across streams: ~30% basics, 25% Life, 25% Health, 20% General, plus ethics & regulation.

Question 22

Are mock tests available for Composite variant?

Accepted Answer

Yes — dedicated composite mock tests in multi‑language formats are offered on III and prep portals.

Question 23

What documents are needed at exam centre?

Accepted Answer

Training completion certificate, ID proof (Aadhaar/PAN), and admit slip are required.

Question 24

Can I reschedule a Composite exam slot?

Accepted Answer

Yes — depending on the cutoff dates and rules displayed on the portal.

Question 25

Is there remote test‑proctoring available?

Accepted Answer

No — Composite candidates must report in‑centre; remote proctoring is not permitted.

Question 26

Can I attempt again if I fail?

Accepted Answer

Yes — retakes are allowed after payment of exam fee and verification of training validity.

Question 27

What educational qualification is required?

Accepted Answer

Minimum Class 12 for urban, Class 10 for rural applicants, as per IRDAI guidelines.

Question 28

Can I practice as a composite agent immediately after passing?

Accepted Answer

Yes — once III issues digital licence and agent code is activated.

Question 29

Are knowledge renewals required mid‑cycle?

Accepted Answer

Mandatory annual CPD hours may be required as part of renewal compliance.

Question 30

Can I work as both life and general agent with Composite licence?

Accepted Answer

Yes — Composite allows you to act in all insurance streams under one licence.

Question 31

What commission disclosure norms apply?

Accepted Answer

You must disclose commission percent on request for each insurance product per IRDAI norms.

Question 32

What are key agent responsibilities under Composite?

Accepted Answer

Includes KYC compliance, claims assistance, grievance resolution, ethical marketing, safety of customer data.

Question 33

Where can I download the composite syllabus?

Accepted Answer

Available on III’s website in the IC‑38 section under Composite variant downloads.

Question 34

Are fees or training refundable if I cancel?

Accepted Answer

No — typically non‑refundable; check provider policies.

Question 35

What if I miss my exam date?

Accepted Answer

You will have to book a new exam session and pay the fee again.

Question 36

How do I retrieve lost license details?

Accepted Answer

You can re-download from IRDAI's digital registry using your agent code.

Question 37

Are digital Composite licences secure?

Accepted Answer

Yes — III issues licenses digitally and they are verifiable through IRDAI portals.

Question 38

Where is official candidate support available?

Accepted Answer

III provides FAQs, email support, and helpline phone numbers on their website under IC‑38 Composite section.

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