Is IC 38 a NISM exam?

No. IC 38 is the pre-recruitment examination for insurance agents and sits under the insurance regulator, not SEBI. We cover it because many of the advisers preparing for NISM certifications need it too.

Is a free demo available for the IC 38 mock test?

Yes. You can take a free demo test before paying, and see the question style and explanations first.

Do I need IC 38 as well as a NISM certification?

Only if you intend to sell insurance as well as securities products. They are separate requirements covering separate products, and neither substitutes for the other.

Insurance

IC 38 Insurance Agents mock test

IC 38 is the pre-recruitment examination for insurance agents. It is not a NISM certification — it sits under the insurance regulator rather than SEBI — but the preparation problem is the same one we solve for NISM candidates, so we cover it.

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Who this exam is for

Candidates appointed as insurance agents who must clear the pre-recruitment exam
Agents certifying for life, general or health insurance lines
Financial advisers and mutual fund distributors adding insurance to what they sell

What the exam covers

Principles and practice of insurance
The insurance contract, documentation and underwriting
Life, general and health insurance products
The role, duties and code of conduct of an insurance agent
Grievance redressal and policyholder protection
Regulatory framework governing agents

Topic areas are indicative. The official workbook is the authoritative syllabus and is revised periodically — always prepare against the current edition.

Where IC 38 fits alongside NISM

Most people sitting IC 38 are not choosing between it and a NISM exam — they are adding insurance to an advisory practice that already distributes mutual funds, or the reverse. If that is you, Series V-A and IC 38 together cover the two products you are most likely to be asked about.

The exams themselves are unrelated. Passing one gives you no standing in the other, and the syllabuses do not overlap in any way worth planning around.

How to prepare

Work from the official study material for the line you are being appointed for — the exam is written from it.
Practise the product-comparison questions specifically; they are where candidates confuse features across policy types.
Learn the code of conduct and grievance provisions properly. They are straightforward marks and are routinely underprepared.
Take timed full-length tests so you are not reading questions against the clock for the first time on exam day.

What you get with this mock test

Questions mapped to the latest official workbook
A free demo test before you pay anything
A written explanation for every question
Topic-wise and full-length timed tests
Instant results with chapter-wise analytics
Unlimited attempts during your validity period

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