III Exam: Insurance Institute of India Examination Details

III Exam is a Licentiate Examination conducted by the Insurance Institute of India. III examinations are conducted 4 times a year in online mode, i.e. one time each in 4 quarters of the year. III exams are a 3-tier examination starting from licentiate, associateship and fellowship and 60 is the passing mark required to clear each tier. Passing the III exams helps in obtaining a III license that helps to secure a career in the Insurance sector.

III LICENTIATE EXAMINATION

This is essentially an introductory course dealing with the two compulsory papers i.e. Principles of Insurance and Practice of Insurance (Life and Non-Life) and one more paper as optional from the professional exam curriculum. The III Licenciate examination is a qualifier examination that an individual requires to qualify in it to enrol for the next level of associateship examination.

III ASSOCIATESHIP EXAMINATION

At this level, students may have the option to choose subjects either Life or Non-Life or both combined. The scheme of study provides knowledge of the chosen subject. However, candidates will have to get familiar with the practical aspects related to these subjects.

III FELLOWSHIP EXAMINATION

This is the highest level and involves advanced studies of specified areas.

III Exam Schedule 2023

III Exam Pattern

III Licenciate Examination contains 3 papers, the examination will be held online mode. The question mode will be multiple-choice based. There is no negative marking for wrong marking.

III Exam Fee 2023

III Exam Centers

III Exam Syllabus

IC 01 – PRINCIPLES OF INSURANCE
(Revised Edition: 2016)
Contents
Chapter 1: Risk Management
Chapter 2: The Concept of Insurance and its Evolution
Chapter 3: The Business of Insurance
Chapter 4: The Insurance Market
Chapter 5: Insurance Customers
Chapter 6: The Insurance Contract
Chapter 7: Insurance Terminology
Chapter 8: Life Assurance products
Chapter 9: General Insurance Products
Annexure 1: History of Insurance.
Annexure 2: History of Insurance in India.

IC 02 – PRACTICE OF LIFE INSURANCE
(Revised Edition: 2016)
Contents
Chapter 1: Life Insurance Organization
Chapter 2: Premiums and Bonuses
Chapter 3: Plans of Life insurance
Chapter 4: Annuities
Chapter 5: Group Insurance
Chapter 6: Linked Life Insurance Policies
Chapter 7: Applications and Acceptance
Chapter 8: Policy Documents
Chapter 9: Premium payment, Life Insurance Corporation (L.I.C) of India policy
lapse and revival
Chapter 10: Assignment, Nomination and Surrender of policy
Chapter 11: Policy Claims

IC 11 – PRACTICE OF GENERAL INSURANCE
(Revised Edition: 2016)
Contents
Chapter 1: Introduction to General Insurance
Chapter 2: Policy Documents and forms
Chapter 3: General Insurance Products – Part 1 (Fire & Marine)
Chapter 4: General Insurance Products – Part 2 (Motor, Liability, Personal
Accident and Specialty Insurance
Chapter 5: General Insurance Products – Part 3 (Engineering & other Insurances)
Chapter 6: Underwriting
Chapter 7: Ratings & Premiums
Chapter 8: Claims
Chapter 9: Insurance Reserves & Accounting

IC 14 – REGULATIONS OF INSURANCE BUSINESS
(Revised Edition: 2018)
Contents
Chapter 1: Development of Insurance Legislation in India and Insurance Act
1938
Chapter 2: IRDAI Functions and Insurance Councils
Chapter 3: IRDAI and its Licensing Functions
Chapter 4: Regulations on Conduct of Business-I
Chapter 5: Regulations on Conduct of Business-II
Chapter 6: Policy Holders Rights of Assignment, Nomination and Transfer
Chapter 7: Protection of Policy Holders Interest
Chapter 8: Dispute Resolution Mechanism
Chapter 9: Financial Regulatory Aspects of Solvency Margin and Investments
Chapter 10: International Trends In Insurance Regulation
Annexure 1
Annexure 2
Annexure 3

IC 22 – LIFE INSURANCE UNDERWRITING
(Revised Edition: 2019)
Contents
Chapter 1: Life Underwriting – Principles & Concepts (Part-1)
Chapter 2: Life Underwriting -Principles & Concepts (Part-2)
Chapter 3: Underwriting: Process and Structure
Chapter 4: Financial Underwriting
Chapter 5: Occupational, Avocational and Residential risks
Chapter 6: Reinsurance
Chapter 7: Blood Disorders
Chapter 8: Nervous System
Chapter 9: Diabetes Mellitus
Chapter 10: Thyroid diseases
Chapter 11: Urinary system
Chapter 12: The Respiratory System
Chapter 13: Gastrointestinal (Digestive) System
Chapter 14: Cardiovascular system
Chapter 15: Special Senses: Disorders of the eyes, ears and nose
Chapter 16: Glossary
Annexures: Section containing commonly used forms, and questionnaires in
underwriting.

IC 23 – APPLICATIONS OF LIFE INSURANCE
(Revised Edition: 2013)
Contents
Chapter 1: Financial Planning and Life Insurance
Chapter 2: Life Insurance Planning
Chapter 3: Health Policies
Chapter 4: Pensions and Annuities
Chapter 5: Takaful (Islamic Insurance)
Chapter 6: Reinsurance
Chapter 7: Tax Laws and Life Insurance
Chapter 8: Life Insurance –Claims Management

IC 24 – LEGAL ASPECTS OF LIFE INSURANCE
(Revised Edition: 2018)
Contents
Chapter 1: Sources of Law
Chapter 2: Administration of Justice in India
Chapter 3: Law of contract
Chapter 4: Life Insurance Contract-I
Chapter 5: Life Insurance Contract-II
Chapter 6: Group Life – 0ther Insurance Schemes
Chapter 7: Life Insurance Policies as Property
Chapter 8: Rights under Life Insurance Policies
Chapter 9: Claim Settlements
Chapter 10: Tax Laws and Life Insurance
Chapter 11:Insurance Intermediaries
Chapter 12: Legal status of individuals and life insurance
Chapter 13: Nationalisation of life insurance
Chapter 14: Protection of Interest of Consumers
Chapter 15: Life Insurance Legislation Abroad & Policy Initiatives in India
Chapter 16: Insurance Regulatory and Development Authority Act, 1999
Annexure I, II.

IC 26 – LIFE INSURANCE FINANCE
(Revised Edition: 2016)
Contents
Chapter 1: Elementary Principles of Accounts
Chapter 2: Life insurance business: Important types of insurance policies
Chapter 3: Accounting Procedures – Premium Accounting
Chapter 4: Accounting Procedures–Disbursements
Chapter 5: Accounting Procedure: Expenses of Management
Chapter 6: Investments
Chapter 7: Final Accounts, Revenue Account and Balance Sheet
Chapter 8: Budget and Budgetary Control
Chapter 9: Innovative Concepts in Financial Reporting
Chapter 10: Accounting Standard Applicable to Life Insurance Companies
Chapter 11: Financial Analysis
Chapter 12: Management Environment in India
Chapter 13: Application of Financial Management Concepts in Insurance
Industry
Chapter 14: Taxation (Current Scenario)
Chapter 15: Anti-Money Laundering Guidelines and PML Act.
Chapter 16: Compliance with IFRS (Involving Broader Concepts)

IC 27 – HEALTH INSURANCE
(Revised Edition: 2017)
Contents
Chapter 1: Introduction to Health Insurance and the Health system in India.
Chapter 2: Health Financing Models and Health Financing in India.
Chapter 3: Health Insurance Products in India.
Chapter 4: Health Insurance Underwriting.
Chapter 5: Health Insurance Policy Forms and Clauses.
Chapter 6: Health Insurance Data, Pricing & Reserving.
Chapter 7: Regulatory and legal aspects of health insurance.
Chapter 8: Customer service in health insurance.
Chapter 9: Health Insurance fraud.
Chapter 10: Reinsurance

IC 28 – FOUNDATION OF ACTUARIAL SCIENCE
(Revised Edition 2011)
Contents
Chapter 1: Compound Interest, Accumulated Value, Present Value, Investment
Returns
Chapter 2: Level Annuities
Chapter 3: Variable Annuities
Chapter 4: Redemption of Loans
Chapter 5: Further Compound Interest and Annuities Certain
Chapter 6: Probability
Chapter 7: Mortality Table
Chapter 8: Construction of Mortality Tables
Chapter 9: Well Known Mortality Tables and Indices for comparison of different
mortality tables
Chapter 10: Life Assurance Premiums
Chapter 11: Assurance Benefits
Chapter 12: Life Annuities and Temporary Annuities
Chapter 13: Net Premiums for Assurance Plans
Chapter 14: Net Premiums for Annuity Plans
Chapter 15: Premium Conversion Tables

IC 45 – GENERAL INSURANCE UNDERWRITING
(Revised Edition: 2010)
Contents
Chapter 1: Introduction to Underwriting
Chapter 2: Methodology & Procedures of Underwriting
Chapter 3: Principles of Rate Making
Chapter 4: Rating Approaches in Pricing
Chapter 5: File & Use Regulations
Chapter 6: Applications of File & Use Regulations
Chapter 7: Tools of Underwriting
Chapter 8: Types of Policies
Chapter 9: Underwriting Profitability & Review Strategies
Chapter 10: Protection of Policyholder’s Interest
Chapter 11: Research & development in Underwriting, Rating & Product
Innovation – Challenges Ahead
Chapter 12: IT. Applications in Underwriting
Chapter 13: Glossary.

IC 46 – GENERAL INSURANCE ACCOUNTS PREPARATION AND REGULATION OF
INVESTMENT
(Revised Edition: 2016)
Contents
Chapter 1: Accounting Scope, Concepts, Principles and Standards:
Unit 1: Financial Accounting –Meaning and Scope.
Unit 2: Accounting Concepts, Principles and Convention.
Unit 3: Accounting Standards –As and Ind As- Objectives and Interpretation.
Unit 4: Accounting Policies.
Chapter 2: Accounting Process, Methods & Control and Finalisation of Accounts:
Unit 5: Accounting Process.
Unit 6: Accounting Methods and Control.
Unit 7: Depreciation Accounting,
Unit 8: Bank Reconciliation Statement,
Unit 9: Introduction to Company Accounts (Based on the Companies Act 2013)
Chapter 3: Non-Life Insurance Business Accounting Methods, Techniques &
Process
Unit 10: General Insurance Accounting Process & Techniques.
Unit 11: Insurance Accounting Regulations.
Unit 12: Preparation & Presentation of Financial Statements.
Unit 13: Reinsurance Accounting.
Chapter 4: Accounting Methods & Process of Special Accounting Transactions
Unit 14: IRDAI (Investment) Regulations (Based on IRDAI (Investment) (Fifth
Amendment) Regulations 2013
Unit 15: Investment Accounting
Chapter 5: Annual Reports, Audit & International Financial Reporting
Standards. Unit 16: Annual Reports. (Based on Companies Act 2013)
Unit 17: Statutory Audit in General Insurance Business.
Unit 18: Internal Audit in General Insurance Business.
Unit 19: International Financial Reporting Standard – IFRS 4 – & Indian Accounting
Standards (Ind-AS) 104.

IC 57 -FIRE & CONSEQUENTIAL LOSS INSURANCE
(Revised Edition: 2015)
Contents
Chapter 1: Basic Principles and the Fire Policy
Chapter 2: Add On Covers and Special Policies
Chapter 3: Fire Hazards and Fire Prevention
Chapter 4: Erstwhile Tariff – Rules and Rating
Chapter 5: Documents
Chapter 6: Underwriting
Chapter 7: Claims – Legal Aspects
Chapter 8: Claims – Procedural Aspects
Chapter 9: Consequential Loss Insurance – I
Chapter 10: Consequential Loss Insurance – II
Chapter 11: Specialised Policies and Overseas Practice

IC 67 – MARINE INSURANCE
(Revised Edition: 2013)
Contents
Chapter 1: Basic Concepts
Chapter 2: Fundamental Principles
Chapter 3: Underwriting
Chapter 4: Cargo Insurance Coverage’s Part 1
Chapter 5: Cargo Insurance Coverage’s Part 2
Chapter 6: Types of Covers
Chapter 7: Hull Insurance – Part 1
Chapter 8: Hull Insurance – Part 2
Chapter 9: Marine Claims
Chapter 10: Marine Recoveries
Chapter 11: Role of Banker’s in marine Insurance
Chapter 12: Loss Prevention, Reinsurance, Maritime Frauds

IC 71 – AGRICULTURAL INSURANCE
(Revised Edition: 2013)
Contents
Chapter 1: Glossary of Terms for Agriculture Insurance.
Chapter 2: Introduction to Indian Agriculture
Chapter 3: Risk in Agriculture
Chapter 4: History of Crop Insurance in India.
Chapter 5: Crop Insurance Design Considerations.
Chapter 6: Crop Insurance – Yield Index based Underwriting and Claims
Chapter 7: Weather Based Crop Insurance.
Chapter 8: Traditional Crop Insurance: Underwriting and Claims.
Chapter 9: Agriculture Insurance in Other Countries
Chapter 10: Livestock / Cattle Wealth in Indian Economy
Chapter 11: Types of Cattle & Buffaloes
Chapter 12: Cattle Insurance in India
Chapter 13: Poultry Insurance in India
Chapter 14: Miscellaneous Agriculture Insurance Schemes
Chapter 15: Agriculture Reinsurance

IC 72 – MOTOR INSURANCE
(Revised Edition: 2015)
Contents
Part I: Own Damage Insurance
Chapter 1: Introduction to Motor Insurance
Chapter 2: Marketing in Motor Insurance
Chapter 3: Type of motor vehicles, documents and policies
Chapter 4: Underwriting in Motor Insurance
Chapter 5: Motor Insurance Claims
Chapter 6: IT Applications in Motor Insurance
Chapter 7: Consumer Delight
Part II: Motor Third Party Insurance
Chapter 8: Third Party Liability Insurance
Chapter 9: Procedures For Filing And Defending
Chapter 10: Quantum Fixation
Chapter 11: Fraud Management and Internal Audit
Annexure A: Legal aspects of Third party claims
Annexure B: Important Decisions on Motor Vehicle Act

IC 74 – LIABILITY INSURANCE
(Revised Edition 2013)
Contents
Chapter 1: Introduction to Liability Insurance
Chapter 2: Legal Background
Chapter 3: Liability Underwriting
Chapter 4: Statutory Liability
Chapter 5: General Public Liability (Industrial/Non-industrial Risks)
Chapter 6: Products Liability Insurance
Chapter 7: Professional Indemnity Insurance
Chapter 8: Commercial General Liability
Chapter 9: Directors and Officers Liability
Chapter 10: Other Policies & Overseas Practices
Chapter 11: Claims
Chapter 12: Reinsurance
Chapter 13: Appendices

IC 76 – AVIATION INSURANCE
(Revised Edition-2016)
Contents
Chapter 1: Introduction
Chapter 2: Aviation Insurance Covers
Chapter 3: Underwriting-General Aviation
Chapter 4: Underwriting Airlines
Chapter 5: Underwriting-Aerospace
Chapter 6: Aviation Laws
Chapter 7: Aviation Claims
Chapter 8: Aviation Finance
Chapter 9: Appendix

IC 77 – ENGINEERING INSURANCE
(Revised Edition: 2013)
Contents
Section I: The Engineering Insurance Business
Chapter 1: Development of Engineering Insurance and Relevant Legislation
Chapter 2: Engineering Insurance: Classes of Business, Principles and Practices
Chapter 3: Types of Plant/Machinery and Equipment and Associated Hazards
Section II: Construction Phase Insurances
Chapter 4: The Project stages, The Works Contract & Other contracts
Chapter 5: Contractor’s All risks Insurance
Chapter 6: Erection All Risks (EAR) Insurance and Marine Cum Erection (MCE) Insurance
Chapter 7: Contracts Works (CW) Insurance
Chapter 8: Contractor’s Plant & Machinery Insurance
Chapter 9: Advance Loss of Profit / Delay in Start-up Insurance
Chapter 10:
A. Endorsements including Supplementary Covers (Car, Ear, Cw)
B. Information required for framing Construction Phase insurance programme for A
project.
Section III: Operational Phase Insurances
Chapter 11: Machinery Insurance
Chapter 12: Boiler & Pressure Plant Insurance
Chapter 13: Machinery Loss of Profits
Chapter 14: Electronic Equipment Insurance
Chapter 15: Other Annual Policies
Section IV Other Related Topics
Chapter 16: Reinsurance. Chapter 17: Risk Management, Risk Inspections & Loss Prevention
Chapter 18: Special Types of Engineering Insurance Covers in International Markets

IC 78 – MISCELLANEOUS INSURANCE
(Revised Edition: 2013)
Contents
Chapter 1: Personal Accident Insurance
Chapter 2: Heath Insurance
Chapter 3: Overseas Heath Policy
Chapter 4: Burglary Insurance
Chapter 5: Money Insurance
Chapter 6: Fidelity Insurance
Chapter 7: Bankers Indemnity and Jewelers Block Insurance
Chapter 8: Other Miscellaneous Policies
Chapter 9: Package Policies
Chapter 10: Specialized Covers – The New Trend
Chapter 11: Reinsurance
Chapter 12: Rural Insurances 1
Chapter 13: Rural Insurances 2

IC 81 -MATHEMATICAL BASIS OF LIFE ASSURANCE
(Revised Edition 2014)
Contents
Chapter 1: Life Insurance Products
Chapter 2: Office Premiums
Chapter 3: Policy Values
Chapter 4: Further Life Contingencies
Chapter 5: Reinsurance
Chapter 6: Data for Valuation
Chapter 7: Methods of Valuation
Chapter 8: Special Reserve & Adjustments
Chapter 9: Surplus & Its Distribution
Chapter 10: Asset Share
Chapter11: Surrenders & Alterations
Chapter 12: Risks

IC 82 – STATISTICS
(Revised Edition: 2012)
Contents
Chapter 1: Introduction to Statistics
Chapter 2: Presentation of Data
Chapter 3: Frequency Curves
Chapter 4: Measures of Location and Dispersion
Chapter 5: Theory of Sampling
Chapter 6: Theory of Probability
Chapter 7: Probability Distributions
Chapter 8: Estimation
Chapter 9: Testing of Hypothesis
Chapter 10: Analysis of Variance (ANOVA)
Chapter 11: Linear Regression and Correlation
Chapter 12: Time Series
Chapter 13: Index Numbers
Chapter 14: Multiple Regression Correlation Analysis
Chapter 15: Risk Measurement and Law of Average Numbers
Chapter 16: Non-Parametric Methods

IC 83 – GROUP INSURANCE AND RETIREMENT SCHEMES
(Year of Edition 2016)
Contents
Chapter 1: Introduction
Chapter 2: Product Guideline
Chapter 3: Product Design and Schemes
Chapter 4: Tax Aspects of Group & Retirement Benefit Scheme
Chapter 5: Accounting Standards – 15 (Revised) and Indian Accounting Standard
(Ind AS) 19
Chapter 6: Investment Pattern for Retirement Benefit Schemes
Chapter 7: Retirement Benefit Schemes
Chapter 8: Valuation of Liabilities
Chapter 9: Group Insurance – Administration, Claims and Renewals
Chapter 10: Reinsurance for Group Insurance
Chapter 11: Administration of Retirement Benefit Schemes
Chapter 12: Social Security Schemes

IC 85 – REINSURANCE MANAGEMENT
(Revised Edition 2013)
Contents
Chapter 1: Introduction to Reinsurance
Chapter 2: Forms of Reinsurance
Chapter 3: Methods of Reinsurance
Chapter 4: Methods of Reinsurance 2
Chapter 5: Retentions
Chapter 6: Reinsurance Programme – Design
Chapter 7: Reinsurance– Distributing the Programme Arrangements
Chapter 8: Law and Clauses relating to Reinsurance Contracts
Chapter 9: Reinsurance Accounting,
Chapter 10: Reinsurance Markets
Chapter 11: Reinsurance Financial Security
Chapter 12: Alternatives to Traditional Reinsurance
Chapter 13: Inward Reinsurance Business
Chapter 14: Processing Information for Reinsurance Decisions
APPENDICES.

IC 86 – RISK MANAGEMENT
(Revised Edition: 2013)
Contents
SECTION – I
Chapter 1: Risk and Theory of Probability
Chapter 2: Risk Management Scope and Objectives
Chapter 3: Building up an Effective Risk Management Programme
Chapter 4: Important Steps in Risk Management Decision Making Process Part-I.
Chapter 5: Important Steps in Risk Management Decision Making Process-Part II.
Chapter 6: Alternative Risk Management
Chapter 7: Enterprise Risk Management
Chapter 8: Business Continuity Management and Disaster/ Emergency /
Catastrophe Recovery Planning.
SECTION – II
Chapter 9: Loss Exposures for Major Classes
Chapter 10: Risk Management Checklists.

IC 88 – MARKETING AND PUBLIC RELATIONS
(Revised Edition 2016)
Contents
Chapter 1: Introduction to Insurance
Chapter 2: Introduction to Marketing
Chapter 3: Consumer Behavior
Chapter 4: Introduction to Services
Chapter 5: Quality in Services
Chapter 6: Strategies for Insurance Marketing – I
Chapter 7: Strategies for Insurance Marketing – II
Chapter 8: Rural Markets
Chapter 9: Consumerism and Social Responsibility

IC 89 -MANAGEMENT ACCOUNTING
(Revised Edition-2015)
Contents
Chapter 1: Introduction to Financial Management
Chapter 2: Preparation and Presentation of Financial Statements
Chapter 3: Financial Statements Analysis and Ratio Analysis
Chapter 4: Budget and Budgetary Control
Chapter 5: Fund flow and cash flow statements
Chapter 6: Investment of Insurance Companies (Life and Non-Life Companies)
and IRDAI Regulations:
Chapter 7: Indian Capital Market
Chapter 8: Mutual Fund, Venture Capital, Life Insurance Policies and AIFS
Chapter 9: Capital Budgeting Or Capital Investment Decisions
Chapter 10: International Financial Management
Chapter 11: Management Information System
Chapter 12: Disclosure Norms For Life And Non-Life Insurance Companies
Chapter 13: Portfolio Management
Chapter 14: Foreign Exchange Market And Management of Exchange Rate
Chapter 15: Financial Risk Management And Derivatives

IC 90 – HUMAN RESOURCES MANAGEMENT(Revised Edition-2016)
Contents
Chapter 1: Introduction to Management Science
Chapter 2: Functions of Management
Chapter 3: Human Resources Management (HRM)
Chapter 4: Acquiring Human Resources
Chapter 5: Development of Human Resources
Chapter 6: Making Change Happen
Chapter 7: Motivation
Chapter 8: Communication
Chapter 9: Leadership
Chapter 10: Maintaining Human Resources
Chapter 11: Ethics
Chapter 12: The Future –The Challenges

IC 92 – ACTUARIAL ASPECTS OF PRODUCT DEVELOPMENT
(Revised Edition: 2016)
Contents
Chapter 1: Insurance Product
Chapter 2: Importance of Product Design
Chapter 3: Pricing of Products – I
Chapter 4: Type of Insurance Products – Individual
Chapter 5: Pricing of Products – 2
Chapter 6: TYPES of Insurance Products – Group
Chapter 7: Premium Bases – Interest Rate
Chapter 8: Premium Bases – Mortality and Morbidity Rates
Chapter 9: Premium Bases – Persistency/Withdrawal Rates
Chapter 10: Premium Bases – Commission Rates
Chapter 10B: Premium Bases – Margins
Chapter 11: Premium Bases – Expense Rates
Chapter 12: Reinsurance Support
Chapter 13: Financial Viability – Profit Margin and Solvency Margin
Chapter 14: Glossary

IC 99 -ASSET MANAGEMENT
(Revised Edition: 2017)
Contents
Chapter 1: Asset Management (AM) Meaning, Scope and Objectives.
Chapter 2: Asset Liability Management- Meaning, Scope, and objectives Asset
Liability Management.
Chapter 3: Scope & objectives of Asset & Liability Management in Insurance
Business.
Chapter 4: Investment Alternatives.
Chapter 5: Security Market Analysis and Investment Decision.
Chapter 6: Asset Liability Management and IRDAI Regulations & Directives.
Chapter 7: IRDAI Regulations and directives On Investments.
Chapter 8: Solvency Regulations and Asset Liability and Asset Liability
Management.
Chapter 9: SEBI Regulations And related Security Laws.
Chapter 10: Fundamental Analysis and Asset Management.
Chapter11: Technical Analysis.
Chapter 12: Bond Valuation and Bond Risk Analysis.
Chapter 13: Time Value of Money and Investment Planning:
Chapter 14: Portfolio Theory and risk Analysis.
Chapter 15: Modern Portfolio Theory and Optimisation Of Returns.
Chapter 16: Portfolio Theory and capital Assets Pricing model.
Chapter17: Portfolio Management& Equity Investments:
Chapter 18: Portfolio Management and Mutual Fund Investment:
Chapter 19: Portfolio Management–Bonds and Derivatives:
Chapter 20: Forex Management and Asset Management:
Chapter 21: Foreign Direct Investment (FDI), Foreign institutional Investment (FII)
and International Financial Investment

IC47/A-1 FOUNDATION OF CASUALTY ACTUARIAL SCIENCE (PART–I)
(Year of Edition 2007)
Contents
Chapter 1: Introduction
Chapter 2: Risk Theory
Chapter 3: Rate Making
Chapter 4: Individual Risk Rating
Chapter 5: Loss Reserving
Chapter 6: Risk Classification
To suit the syllabus requirements of the Indian examination the book is published
in two parts: Part I comprising chapters 1 to 6 and Part II comprising 7 to 10. The
Index covering the entire book will appear in both the parts.

IC84/A-2 FOUNDATION OF CASUALTY ACTUARIAL SCIENCE (PART – II)
(Year of edition 2007)
Contents
Chapter 7: Reinsurance
Chapter 8: Credibility
Chapter 9: Investigation Issues in Property Liability Insurance
Chapter 10: Special Issues