IC92 Actuarial Product Development Fellowship Exam Mock Test
600+ Practice Questions | Master the Insurance Institute of India’s IC-92 Exam Mock Tests with Detailed Explanations
IC92 Actuarial Product Development Fellowship Exam Mock Test free download
600+ Practice Questions | Master the Insurance Institute of India’s IC-92 Exam Mock Tests with Detailed Explanations
Prepare with Confidence for the Insurance Institute of India’s Fellowship Exam – IC-92: Actuarial Aspects of Product Development
This comprehensive mock test series is designed to help you master the critical concepts, actuarial techniques, and regulatory knowledge required to clear the III Fellowship Exam (IC-92).
With over 600 carefully crafted practice questions spread across 6 full-length mock exams, this course allows you to:
Test your understanding of product design, premium calculation, financial stability, and risk management
Practice in an environment that simulates the real exam structure and difficulty level
Receive instant feedback, correct answers, and clear explanations for every question
Based on the latest Revised Edition study materials, this course ensures you are fully aligned with the official syllabus and exam objectives.
What You’ll Learn:
Apply key concepts of insurance product development, pricing strategies, and actuarial analysis for the IC-92 Fellowship Exam
Practice with 600+ multiple-choice questions across 6 full-length mock exams aligned to the latest syllabus
Strengthen understanding of premium bases, product design, reinsurance, and financial viability
Identify knowledge gaps through instant feedback, detailed answer explanations, and domain area tagging
Key Features:
6 Full-Length Mock Tests: 100+ questions each to help you simulate real exam conditions
600+ Practice Questions: Covering all learning outcomes and test objectives outlined by the Insurance Institute of India
Detailed Answer Explanations: Understand the ‘why’ behind each answer for better concept retention
Domain Area Mapping: Each question indicates the specific chapter or domain it belongs to
Comprehensive Coverage: Every topic from product design to financial viability and reinsurance is included
Online Access: Practice anytime, anywhere, with user-friendly navigation
Who Should Enroll:
Insurance professionals preparing for the Fellowship Exam IC-92: Actuarial Aspects of Product Development
Actuarial students, product managers, or underwriters working in the insurance product development domain
Anyone seeking to build a strong understanding of insurance pricing, actuarial calculations, and regulatory compliance
Course Content & Knowledge Areas:
Chapter 1: Insurance Products
Product types, characteristics, key roles in insurance
Chapter 2: Importance of Product Design
Design principles, stakeholder needs, compliance considerations
Chapter 3: Pricing of Products (Part 1)
Premium components, pricing methods, regulatory impacts
Chapter 4: Types of Individual Insurance Products
Riders, guarantees, unit-linked and with-profit policies
Chapter 5: Pricing of Products (Part 2)
Cash flow methods, profitability targets
Chapter 6: Group Insurance Products
Scheme structure, pricing, policy types
Chapter 7–11: Premium Bases
Interest rates, mortality & morbidity, persistency, commissions, margins, expense rates
Chapter 12: Reinsurance Support
Reinsurance principles, arrangements, regulatory aspects
Chapter 13: Financial Viability
Profit margins, solvency requirements, financial health metrics
Chapter 14: Glossary of Key Terms
Essential terminology for quick reference and revision
How This Course Helps You:
Exam Readiness: Simulate exam conditions and refine your strategy
Concept Clarity: Reinforce key topics through detailed practice
Weak Area Targeting: Knowledge area tagging highlights concepts needing improvement
Confidence Building: Multiple practice rounds enhance retention and accuracy
Please Note:
This mock test course is based on the latest IC-92 syllabus and is designed purely for exam practice and concept reinforcement.
It complements classroom training or self-study materials but focuses on application, recall, and problem-solving.
