Question 1

What is the IC‑38 Life Insurance Agent exam?

Accepted Answer

It is the variant of the IC‑38 qualifying exam for individuals seeking IRDAI licensing to act as Life Insurance Agents.

Question 2

Who conducts this IC‑38 Life variant?

Accepted Answer

The Insurance Institute of India (III) administers the exam on behalf of IRDAI.

Question 3

Who must pass the IC‑38 Life Insurance Agent exam?

Accepted Answer

Individuals aiming to register as Life Insurance Agents as defined under IRDAI norms.

Question 4

How many questions are on the exam?

Accepted Answer

50 multiple-choice questions (MCQs), each worth 1 mark.

Question 5

What is the duration of the IC‑38 Life exam?

Accepted Answer

60 minutes (1 hour).

Question 6

What is the passing mark?

Accepted Answer

At least 18 correct answers (35%). A grace mark may apply if scoring 17.

Question 7

Is negative marking applicable?

Accepted Answer

No — there is no negative marking, so it is wise to attempt all questions.

Question 8

Which languages are available for this variant?

Accepted Answer

English, Hindi, and several regional languages per III’s availability.

Question 9

What training is required before taking this exam?

Accepted Answer

Completion of 25 hours of IRDAI-approved Life Insurance Agent training.

Question 10

Can multiple variants be taken simultaneously?

Accepted Answer

Yes, provided you complete respective trainings and registration.

Question 11

How frequently is the exam held?

Accepted Answer

Periodically throughout the year; schedules are released via III’s student portal.

Question 12

What does the Life Insurance module cover?

Accepted Answer

Term, whole life, endowment, ULIPs, annuities, riders, policy servicing, underwriting and taxation.

Question 13

Is the exam online or offline?

Accepted Answer

It is computer-based and conducted at authorized test centers.

Question 14

How do I register for the Life variant?

Accepted Answer

Register online via III’s portal after completing training, choose Life variant, pay fee, and select centre.

Question 15

What is the exam fee range?

Accepted Answer

Typically between ₹500–₹1,000 per variant.

Question 16

How do I get my result?

Accepted Answer

Displayed instantly on screen upon submission in the exam centre.

Question 17

Is grace marking available?

Accepted Answer

Yes, if you score 17/50, you may be granted 18 marks to pass.

Question 18

What license is granted upon passing?

Accepted Answer

A Life Insurance Agent Licence valid for 3 years.

Question 19

Is renewal possible without re-exam?

Accepted Answer

Yes — renewal requires 25 hours of continuing education.

Question 20

Is this qualification recognized?

Accepted Answer

Yes — by IRDAI and all life insurers across India.

Question 21

Can I switch insurers using my existing license?

Accepted Answer

Yes — your agent code is transferrable under IRDAI's guidelines.

Question 22

How is the syllabus weighted?

Accepted Answer

Approximately 70% Life products & servicing; 30% basics, ethics, and regulation.

Question 23

Is mock test recommended?

Accepted Answer

Yes — III and third-party platforms provide mock tests in multiple languages.

Question 24

What documents are needed at exam centre?

Accepted Answer

Training certificate, ID proof (Aadhaar/Pan/Passport), and admit letter.

Question 25

Are retakes allowed?

Accepted Answer

Yes — retake on payment after failing or expiry of training certificate.

Question 26

How soon get license after passing?

Accepted Answer

Digital license is issued within days, accessible via IRDAI portal.

Question 27

Are there any prerequisites?

Accepted Answer

Yes — Class 10 pass for rural, Class 12 pass for urban applicants.

Question 28

What subjects are in continuing education?

Accepted Answer

Ethics, regulation updates, product innovation, client servicing.

Question 29

Can I cancel or change my exam slot?

Accepted Answer

Yes — per III policy and cut-off dates displayed on the portal.

Question 30

Is there any exemption for prior qualifications?

Accepted Answer

No — all applicants must take the exam regardless of prior experience.

Question 31

Is life agent permitted to advise health/general products?

Accepted Answer

No — life variant license only covers life products; other variants needed for others.

Question 32

Can spouses or family members share agent code?

Accepted Answer

No — each person must register and take individual exam.

Question 33

What if I lose my license details?

Accepted Answer

You can download again from IRDAI agent registry using your agent code.

Question 34

Are mobile phones allowed at exam centre?

Accepted Answer

No — only admit card and approved documents; electronic devices prohibited.

Question 35

Can physically challenged candidates get accommodations?

Accepted Answer

Yes — based on III’s accessibility guidelines, prior intimation is required.

Question 36

Are fake certificates common?

Accepted Answer

No — III uses secure digital verification to prevent misuse.

Question 37

Where can I download syllabus booklet?

Accepted Answer

Available on the III official website under IC‑38 section.

Question 38

Is the exam session proctored?

Accepted Answer

Yes — monitored by invigilators and software-based anti-cheat mechanisms.

Question 39

Is exam centre accommodation available nearby?

Accepted Answer

No direct accommodation is provided; candidates should arrange own stay.

Question 40

How is absenteeism treated?

Accepted Answer

Missed exams are forfeited; registration & fee must be redone for next slot.

Question 41

Is printout of score needed for license?

Accepted Answer

No — the digital scorecard and certificate are sufficient.

Question 42

Where is FAQ and helpline?

Accepted Answer

III website offers FAQ and email or phone helpdesk details for candidate support.

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IC-38 IRDA Life Insurance Agent Exam

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