Planning to Take an Insurance Exam? Here are 7 Valuable Preparation Tips

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Insurance Exam Tips
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One needs to qualify the exam conducted by Insurance Regulatory and Developmental Authority (IRDA) to become a licensed insurance agent in India. Owing to the various benefits and perks associated with the job profile of an insurance agent, the insurance agent exam, also referred to as IC 38 exam has become quite popular among the younger generations. But, before you begin, you need to keep in mind that you need a well-built strategy to ensure fair scores in the examination.

Syllabus of IRDA Exam

Before you plan strategies to prepare for the exam, it is important that you know the subjects included in the syllabus of the exam. Knowing the syllabus well will help you to understand which areas demand more focus and will help you to understand your strength and weaknesses.

The questions asked in the insurance exam are mainly related to the Insurance, the rules and regulations associated with it, and their general application. Topics such as loan and the details associated with them are important. Questions from Percentage, Discount, Interest Rates, Profit and Loss are also asked in the IRDA exam.

How to Prepare for the IRDA Exam

Though the minimum qualification to sit for the IRDA insurance agent exam is the passing of the 12th standard, it should not be considered that qualifying the exam will be a cakewalk. You need to avoid certain distractions and devote at least a duration of three months for the preparation of the exam. If you are planning to take the IRDA exam and need some guidance regarding that, here are some tips that might help you in your preparation.

Plan Your Schedule

Before you start your preparations, it is important that you plan a schedule that you will follow until the exam. While you plan a schedule make sure that you have given priority to the topics from where the number of questions asked in the examination are comparatively more. Also, ensure that you have saved time for revision and solving test papers.

Avoid Distractions

Distractions include all those events which do not let you concentrate on your work. Therefore, the very first step that you need to focus on after starting your preparation is to minimise these distractions. Keeping away from social media, computer games, etc will prevent your mind from being diverted and thereby will help you to focus on your preparation. And, when you put more concentration, it takes less time for the job to be done.

Reliable Study Materials

When you are preparing for the insurance agent exams ensure that you are using genuine study resources for your preparation. Instead of shuffling between different books for the same topic, try to buy study materials that explain the concepts of your topics in a simpler language. This will also help you save a lot of time.

Be Confident

Do not start your preparation by thinking that you will not be able to crack the examination. This will only lower your self-esteem and take tolls on your preparation. Instead, remain confident and positive and try to enjoy the phase.

Take Breaks

Taking short breaks in between study sessions will help you to refresh your mind. For the IRDA exams especially, you need to take small breaks in between to understand the complex concepts associated with different types of insurance. Various psychologists all over the world have also found that shorter study sessions are more effective than the sessions where the candidate continues to study for hours without taking any break.

Work Smart

Instead of keeping a count on the number of hours you study in a day, try to count the questions that you can solve related to the topic you studied. And it is also important that you study the topics according to their weightage in the IRDA examination. Investing all your time on subjects where questions are asked from in the exam will not be a very fruitful job.

Revise in the Last Few Days

It is always suggested that you do not study anything new in the last few days before your exam. It is because you will not have enough time to revise these topics and in the meantime, you will also lose time to recall the topics you studied. Instead, you can utilize the last few days by revising the studied topics and by solving questions.

Once a candidate overcomes the hurdles associated with the IRDA exam and is shortlisted, he has to undergo certain training sessions before he can claim himself to be a licensed insurance agent. Therefore, if you want to become an insurance agent but stuck with the fear of cracking the exam, use the above tips and start your preparations.


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Nirmalya Ghosh
Nirmalya has done his post graduate in business administration and now working as digital marketing executive in a US based firm. He loves to share the trending news and incidents with his readers. Follow him in Facebook or Twitter.