The IRDA (Insurance Regulatory and Development Authority) of India conducts exams every year. Students may appear in these exams.
They can work within the insurance sector in India if they clear or pass such exams. The IRDA conducts different kinds of exams every year. This includes the Insurance Surveyor Exam, IC-38 Exam, Insurance Broker Exam, IRDAI exam, Corporate Agent Exam, and many more. A candidate needs an IRDA exam hall ticket to sit the exam. Therefore, he must know how to download the IRDA exam hall ticket.
How to Download the IRDA Exam Hall Ticket?
A student needs to clear the IC 38 exam to become an insurance agent or advisor. One may download the IC 38 Hall ticket by following the steps below.
1. Visit III Exam Portal
A student needs to visit the III Exam Portal. The Insurance Institute of India manages this portal. One may access the III Exam Portal by visiting the website.
2. Exam Fee
Now the student should pay the exam fees. He needs to click on the 'Payment' section and then click on 'Exam Fees'. Next, he needs to enter his batch ID or URN to make the payment. He may book his seat after making the payment. However, he can directly download the ticket if he has already paid the fees and made the bookings.
3. Download Hall Ticket
The student needs to visit the 'Download' section and then click on the 'Hall Ticket'. Now, he should enter his URN, exam date, and date of birth. Now, he may click on the 'Download' section to download the IC exam hall ticket. He should save the ticket for reference. He also needs to print the hall ticket to show the examiner during the IRDA exam.
The candidate must read the instructions that are given at the bottom of the IRDA exam hall ticket. He must read the content carefully and should follow the same during the exam.
How to Download IC 38 Exam Scorecard
A student may follow the below-mentioned steps to download his IC 38 exam scorecard.
1. III Exam Portal
The student needs to visit the III exam portal to download his scorecard. The Insurance Institute of India manages the III Exam Portal.
2. Score Card
Now, the student needs to visit the 'Download' section and then click on the 'Score Card' button.
3. Details
The student needs to enter his details. This includes his URN, exam date, and date of birth. Now, he needs to click on the 'Download' button to download the scorecard.
What is IRDAI?
One may find different insurance companies selling insurance policies to buyers. These companies have a regulatory body that manages their work. The body is known as IRDAI (Insurance Regulatory and Development Board of India). The IRDAI was established in 1999. It monitors and develops the insurance industry in India. The IRDAI promotes competition to improve customer satisfaction. It helps increase customer choice. It also takes steps to reduce the premiums that buyers pay to the insurance company. One must understand the functions of IRDAI to know how it operates in India.
Here are the functions of IRDAI.
- The IRDAI has the power to modify, issue, withdraw, cancel, suspend, and renew the registration.
- The body protects the interest of policy buyers. It offers them security and confidence to invest in the insurance industry.
- The body promotes efficiency in operating the insurance business.
- The IRDAI may inspect or investigate the insurance company, insurance agents, and other related persons.
IRDAI Exam Pattern
The candidate must understand the number of marks that he shall receive for solving each question in the exam. In short, he should understand the exam pattern and the time given to solve the test or write the exam. The marking scheme also helps the student to prepare according to the weightage given to each subject.
Let us discuss the IRDAI exam pattern for 2024.
-
Preliminary Exam
The students first need to qualify for the preliminary exam to appear in the main exam. One must note that qualifying for the phase-I exam does not allow the student to appear in the phase-III exams. The exam pattern for the preliminary exam is as follows.
- The phase- I exam is of a total of 160 marks.
- The students have to solve 160 questions.
- Each question carries 1 mark.
- There is also a negative marking of 0.25 for the wrong answer. Therefore, a student can lose 0.25 marks if he fails to tick the correct option.
|
S. No |
Test Name |
No. of Questions |
Total Marks |
Duration |
|
1 |
Reasoning |
40 |
40 |
90 Mins |
|
2 |
English Language |
40 |
40 |
|
|
3 |
General Awareness |
40 |
40 |
|
|
4 |
Math (Quantitative Aptitude) |
40 |
40 |
|
|
Total |
160 |
160 |
-
Descriptive Exam
The IRDA holds a description exam in three parts. Paper I, Paper II, and Paper III. The candidate must appear in all the three papers in the Phase- II. The descriptive exam takes place in one session. Here is the pattern of the exam.
- The exam is descriptive.
- The exam is divided into three papers. Each paper consists of 100 marks.
- The candidate shall get one hour for each paper. It means he shall have three hours to complete the paper.
|
Paper |
Paper Name |
Paper Type |
Marks |
Time |
|
Paper I |
Economic |
Descriptive |
100 |
60 |
|
Paper II |
Economic and Social Issues that Impact Insurance |
Descriptive |
100 |
60 |
|
Paper III |
Insurance and Management |
Descriptive |
100 |
60 |
-
Interview
The candidates who clear the Phase One and Phase Two exams shall be eligible for interview.
How to Get Training for the IRDAI Exam?
A candidate needs to complete the training session to be eligible to sit in the IRDA exam. The candidate needs to complete 50 hours of training to receive the license for the first time. At the same time, a candidate needs to complete the 25 hours of training if he wishes to seek the renewal of his license. He must attend the training session from the approved institute.
How is IRDAI License Beneficial to Become a PoSP Agent?
PoSP (Point of Selling Person) is a different type of license. The IRDAI created this license to meet the insurance needs of people. An insurance PoS agent works as a normal agent. He sells the insurance policy directly to the buyers. A person who attended the training session and cleared the exam may work as an insurance PoSP. An insurance agent may also work as an insurance PoSP by attending the training session and clearing the exam.
The IRDAI license is beneficial to become a PoSP agent. The person may show his IRDAI license during the training session. He also needs it when he appears in the exam. The IRDAI license is important for a person to work as an insurance PoSP.
Conclusion
It is easy to download the IRDA exam hall ticket. A person may download it by visiting the III Exam Portal. He needs to pay the exam fee by entering his ID or URN. He can download the ticket after making the payment and booking his seat. The candidate must read the instructions given on the IRDA exam hall ticket to understand what rules he needs to follow during the exam.
Also read: Steps to become IRDAI Certified PoSP Agent with PBPartners
FAQs
Q. How to become an insurance agent?
A. Let us see how to become an insurance agent.
- A person must be at least 18 years old.
- He must be 10th passed.
- He must attend the training session.
- He must pass the exam to become an insurance agent.
Q. Who can become a PoSP and an insurance agent?
A. Here are the people who may become a PoSP and an insurance agent.
- A home-maker
- A retired employee
- A businessman
- A college student
- An 18 years old person
- A 10th passed person
Q. What is the IRDA exam hall ticket?
A. The IRDA exam hall ticket is the admit card. The candidate needs to download this admit card and show it to the examiner during the exam.
Q. What is the PoSP full form in insurance?
A. Point of Selling Person is the PoSP full form in insurance.
Q. What document do I need to become a PoSP agent?
A. person needs the following documents to become a PoSP agent.
- PAN Card
- Aadhaar Card
- Class 10th Marksheet
Q. What are the benefits of becoming a PoSP agent?
A. Here are the benefits of becoming a PoSP agent.
- A person may become his boss.
- The agent may work from home.
- The agent may earn a reward on every policy he sells.
- The agent may also earn a reward on the renewal of the policy.
