100+ Free III IC-27 Practice Questions
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Key Facts: III IC-27 Exam
100
Online MCQs per paper
III Examination Handbook
2 hours
Exam duration
III Examination Handbook
60%
Passing mark (75% Distinction)
III Examination Handbook
30
Credit points for IC-27
III credit-point system
INR 600
India paper fee (30 credits) w.e.f. 1.4.2026
III Table of Fees
INR 800
Fresh registration (India) w.e.f. 1.4.2026
III Table of Fees
III IC-27 is a 100-question, 2-hour online MCQ paper on Health Insurance. Passing requires 60% (Distinction from 75%). India paper enrollment for this 30-credit subject is INR 600 w.e.f. 1.4.2026, plus INR 800 registration for fresh candidates (taxes extra).
Sample III IC-27 Practice Questions
Try these sample questions to test your III IC-27 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Which of the following describes a 'co-payment' in health insurance?
2The principle of indemnity in health insurance primarily aims to:
3Which entity is responsible for processing health insurance claims on behalf of insurers in India?
4In health insurance underwriting, what does 'moral hazard' refer to?
5What is the typical waiting period for pre-existing diseases in standard health insurance policies in India?
6A 'Family Floater' health insurance policy is characterized by:
7Which of the following is typically excluded under a standard mediclaim policy?
8What does a 'Critical Illness' policy provide?
9Who defines the standard definitions of critical illnesses in India?
10In the context of claims, what is 'cashless facility'?
About the III IC-27 Exam
The III IC-27 Health Insurance exam evaluates candidate understanding of key principles and practical concepts in Health Insurance. The syllabus encompasses various modules detailed below.
Assessment
100 objective multiple-choice questions in a single online paper. IC-27 is a 30-credit paper under the Insurance Institute of India (III) professional credit system.
Time Limit
2 hours
Passing Score
60% (Distinction at 75% or above)
Exam Fee
INR 600 per subject (30 credit points) for India candidates; fresh candidates also pay INR 800 registration (inclusive of life membership). Taxes extra. Fees w.e.f. 1.4.2026 per III Table of Fees. (Insurance Institute of India (III))
III IC-27 Exam Content Outline
Adjudication
Practice questions focusing on adjudication concepts.
Exclusions
Practice questions focusing on exclusions concepts.
Roles
Practice questions focusing on roles concepts.
Insurance Principles
Practice questions focusing on insurance principles concepts.
Irdai Guidelines
Practice questions focusing on irdai guidelines concepts.
Definitions
Practice questions focusing on definitions concepts.
Cost Sharing
Practice questions focusing on cost sharing concepts.
Risk Assessment
Practice questions focusing on risk assessment concepts.
Providers
Practice questions focusing on providers concepts.
Legal Principles
Practice questions focusing on legal principles concepts.
Group Insurance
Practice questions focusing on group insurance concepts.
Care Levels
Practice questions focusing on care levels concepts.
Pricing
Practice questions focusing on pricing concepts.
Policy Terms
Practice questions focusing on policy terms concepts.
Intermediaries
Practice questions focusing on intermediaries concepts.
Waiting Periods
Practice questions focusing on waiting periods concepts.
Product Types
Practice questions focusing on product types concepts.
Benefit Policies
Practice questions focusing on benefit policies concepts.
Standardization
Practice questions focusing on standardization concepts.
Cashless Claims
Practice questions focusing on cashless claims concepts.
Documentation
Practice questions focusing on documentation concepts.
Policy Limits
Practice questions focusing on policy limits concepts.
Renewals
Practice questions focusing on renewals concepts.
Grace Period
Practice questions focusing on grace period concepts.
Policy Benefits
Practice questions focusing on policy benefits concepts.
Grievance Redressal
Practice questions focusing on grievance redressal concepts.
Digital Health
Practice questions focusing on digital health concepts.
Niche Products
Practice questions focusing on niche products concepts.
Calculation
Practice questions focusing on calculation concepts.
Claims Processing
Practice questions focusing on claims processing concepts.
Hazards
Practice questions focusing on hazards concepts.
Policy Conditions
Practice questions focusing on policy conditions concepts.
Critical Illness
Practice questions focusing on critical illness concepts.
Network Hospitals
Practice questions focusing on network hospitals concepts.
Reimbursement
Practice questions focusing on reimbursement concepts.
Risk Classification
Practice questions focusing on risk classification concepts.
Cancellation Rules
Practice questions focusing on cancellation rules concepts.
Policy Provisions
Practice questions focusing on policy provisions concepts.
Deductions
Practice questions focusing on deductions concepts.
History
Practice questions focusing on history concepts.
Portability
Practice questions focusing on portability concepts.
Rights
Practice questions focusing on rights concepts.
Maternity
Practice questions focusing on maternity concepts.
Add Ons
Practice questions focusing on add ons concepts.
Day Care
Practice questions focusing on day care concepts.
Managed Care
Practice questions focusing on managed care concepts.
Bonuses
Practice questions focusing on bonuses concepts.
Top Up Policies
Practice questions focusing on top up policies concepts.
Forms
Practice questions focusing on forms concepts.
Medical Terms
Practice questions focusing on medical terms concepts.
Hospital Cash
Practice questions focusing on hospital cash concepts.
Premium Calculation
Practice questions focusing on premium calculation concepts.
Loading
Practice questions focusing on loading concepts.
Tpa
Practice questions focusing on tpa concepts.
Claim Settlement
Practice questions focusing on claim settlement concepts.
Timelines
Practice questions focusing on timelines concepts.
Opd
Practice questions focusing on opd concepts.
Good Faith
Practice questions focusing on good faith concepts.
Non Disclosure
Practice questions focusing on non disclosure concepts.
Deductibles
Practice questions focusing on deductibles concepts.
Micro Insurance
Practice questions focusing on micro insurance concepts.
Pre Hospitalization
Practice questions focusing on pre hospitalization concepts.
Case Management
Practice questions focusing on case management concepts.
Government Schemes
Practice questions focusing on government schemes concepts.
Reinsurance
Practice questions focusing on reinsurance concepts.
Sub Limits
Practice questions focusing on sub limits concepts.
Risk Factors
Practice questions focusing on risk factors concepts.
Departments
Practice questions focusing on departments concepts.
Domiciliary
Practice questions focusing on domiciliary concepts.
Government Initiatives
Practice questions focusing on government initiatives concepts.
Co Payment
Practice questions focusing on co payment concepts.
Adverse Selection
Practice questions focusing on adverse selection concepts.
Ayush
Practice questions focusing on ayush concepts.
Coverage
Practice questions focusing on coverage concepts.
Family Floater
Practice questions focusing on family floater concepts.
Actuarial
Practice questions focusing on actuarial concepts.
Ped
Practice questions focusing on ped concepts.
Irdai
Practice questions focusing on irdai concepts.
Travel Insurance
Practice questions focusing on travel insurance concepts.
Financial Underwriting
Practice questions focusing on financial underwriting concepts.
Industry Bodies
Practice questions focusing on industry bodies concepts.
Pricing Methods
Practice questions focusing on pricing methods concepts.
Medical Tourism
Practice questions focusing on medical tourism concepts.
Ulhip
Practice questions focusing on ulhip concepts.
Processes
Practice questions focusing on processes concepts.
Tele Mer
Practice questions focusing on tele mer concepts.
Network
Practice questions focusing on network concepts.
Consumer Protection
Practice questions focusing on consumer protection concepts.
Fraud Management
Practice questions focusing on fraud management concepts.
Metrics
Practice questions focusing on metrics concepts.
Tat
Practice questions focusing on tat concepts.
Claim Ratio
Practice questions focusing on claim ratio concepts.
Nhcx
Practice questions focusing on nhcx concepts.
Riders
Practice questions focusing on riders concepts.
Product Structure
Practice questions focusing on product structure concepts.
Dispute Resolution
Practice questions focusing on dispute resolution concepts.
Moratorium
Practice questions focusing on moratorium concepts.
Wellness
Practice questions focusing on wellness concepts.
Preventive Care
Practice questions focusing on preventive care concepts.
Restoration
Practice questions focusing on restoration concepts.
Hospitals
Practice questions focusing on hospitals concepts.
Cashless Process
Practice questions focusing on cashless process concepts.
How to Pass the III IC-27 Exam
What You Need to Know
- Passing score: 60% (Distinction at 75% or above)
- Assessment: 100 objective multiple-choice questions in a single online paper. IC-27 is a 30-credit paper under the Insurance Institute of India (III) professional credit system.
- Time limit: 2 hours
- Exam fee: INR 600 per subject (30 credit points) for India candidates; fresh candidates also pay INR 800 registration (inclusive of life membership). Taxes extra. Fees w.e.f. 1.4.2026 per III Table of Fees.
Keys to Passing
- Complete 500+ practice questions
- Score 80%+ consistently before scheduling
- Focus on highest-weighted sections
- Use our AI tutor for tough concepts
III IC-27 Study Tips from Top Performers
Frequently Asked Questions
How many questions are on the III IC-27 exam?
The III objective papers, including IC-27, consist of 100 multiple-choice questions completed in 2 hours online.
What is the IC-27 passing score?
Passing marks for III online MCQ papers are 60% or above. Candidates scoring at least 75% earn Distinction in that subject.
How many credit points does IC-27 carry?
This paper (IC-27) carries 30 credit points under the Insurance Institute of India credit system.