100+ Free III IC-72 Practice Questions
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Key Facts: III IC-72 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-72
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-72 is a 100-question, 2-hour online MCQ paper on Motor 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-72 Practice Questions
Try these sample questions to test your III IC-72 exam readiness. Each question includes a detailed explanation. Start the interactive quiz above for the full 100+ question experience with AI tutoring.
1Under the Motor Vehicles Act, 1988, which of the following documents must be compulsorily carried by a driver of a transport vehicle?
2Which form is commonly prescribed for making an application for compensation to the Motor Accidents Claims Tribunal (MACT)?
3In motor insurance, what does IDV stand for?
4According to the India Motor Tariff (IMT), what is the depreciation percentage applied to nylon, plastic parts, tyres and tubes, and batteries for partial loss claims?
5Under the Motor Vehicles (Amendment) Act 2019, what is the compensation amount for death in a 'Hit and Run' motor accident?
6What is the primary objective of Section 164 of the Motor Vehicles Act (introduced in the 2019 amendment)?
7Which India Motor Tariff (IMT) endorsement is used for inclusion of Personal Accident (PA) cover for unnamed passengers in private cars?
8What is the standard No Claim Bonus (NCB) percentage available on the Own Damage premium after one claim-free year?
9In a Motor Policy, 'Constructive Total Loss' (CTL) is declared when the aggregate cost of retrieval and/or repair of the vehicle exceeds what percentage of the IDV?
10Who defines the Third Party (TP) premium rates for Motor Insurance in India?
About the III IC-72 Exam
The III IC-72 Motor Insurance exam evaluates candidate understanding of key principles and practical concepts in Motor Insurance. The syllabus encompasses various modules detailed below.
Assessment
100 objective multiple-choice questions in a single online paper. IC-72 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-72 Exam Content Outline
Claims
Practice questions focusing on claims concepts.
Mact
Practice questions focusing on mact concepts.
Documentation
Practice questions focusing on documentation concepts.
No Claim Bonus
Practice questions focusing on no claim bonus concepts.
Commercial Vehicles
Practice questions focusing on commercial vehicles concepts.
Depreciation
Practice questions focusing on depreciation concepts.
Imt
Practice questions focusing on imt concepts.
Imt Endorsements
Practice questions focusing on imt endorsements concepts.
Underwriting
Practice questions focusing on underwriting concepts.
Total Loss
Practice questions focusing on total loss concepts.
Exclusions
Practice questions focusing on exclusions concepts.
Policy Conditions
Practice questions focusing on policy conditions concepts.
Motor Vehicles Act
Practice questions focusing on motor vehicles act concepts.
Personal Accident
Practice questions focusing on personal accident concepts.
Rto
Practice questions focusing on rto concepts.
Add On Covers
Practice questions focusing on add on covers concepts.
Limitations As To Use
Practice questions focusing on limitations as to use concepts.
Claim Investigation
Practice questions focusing on claim investigation concepts.
Theft
Practice questions focusing on theft concepts.
Mandatory Insurance
Practice questions focusing on mandatory insurance concepts.
Driving License
Practice questions focusing on driving license concepts.
Consequential Loss
Practice questions focusing on consequential loss concepts.
Idv
Practice questions focusing on idv concepts.
Hit And Run
Practice questions focusing on hit and run concepts.
Compensation
Practice questions focusing on compensation concepts.
Constructive Total Loss
Practice questions focusing on constructive total loss concepts.
Third Party Liability
Practice questions focusing on third party liability concepts.
Salvage
Practice questions focusing on salvage concepts.
Transfer Of Ownership
Practice questions focusing on transfer of ownership concepts.
Own Damage
Practice questions focusing on own damage concepts.
Limits Of Liability
Practice questions focusing on limits of liability concepts.
Subrogation
Practice questions focusing on subrogation concepts.
Principles Of Insurance
Practice questions focusing on principles of insurance concepts.
Fraud
Practice questions focusing on fraud concepts.
Geographical Extension
Practice questions focusing on geographical extension concepts.
Add Ons
Practice questions focusing on add ons concepts.
Special Vehicles
Practice questions focusing on special vehicles concepts.
Covered Perils
Practice questions focusing on covered perils concepts.
Utmost Good Faith
Practice questions focusing on utmost good faith concepts.
Uninsured Vehicle
Practice questions focusing on uninsured vehicle concepts.
Premium Calculation
Practice questions focusing on premium calculation concepts.
Irdai
Practice questions focusing on irdai concepts.
Regulation
Practice questions focusing on regulation concepts.
No Fault Liability
Practice questions focusing on no fault liability concepts.
Premium Rates
Practice questions focusing on premium rates concepts.
Property Damage
Practice questions focusing on property damage concepts.
Policy Transfer
Practice questions focusing on policy transfer concepts.
Section 147
Practice questions focusing on section 147 concepts.
Mandatory Coverage
Practice questions focusing on mandatory coverage concepts.
Agreements
Practice questions focusing on agreements concepts.
Non Standard Settlement
Practice questions focusing on non standard settlement concepts.
Fleet Rating
Practice questions focusing on fleet rating concepts.
Certificate Of Fitness
Practice questions focusing on certificate of fitness concepts.
Deductibles
Practice questions focusing on deductibles concepts.
Insurable Interest
Practice questions focusing on insurable interest concepts.
Cover Note
Practice questions focusing on cover note concepts.
Negligence
Practice questions focusing on negligence concepts.
Law Of Torts
Practice questions focusing on law of torts concepts.
Cng Lpg Kit
Practice questions focusing on cng lpg kit concepts.
Endorsements
Practice questions focusing on endorsements concepts.
Limitation Period
Practice questions focusing on limitation period concepts.
Vintage Cars
Practice questions focusing on vintage cars concepts.
Classification
Practice questions focusing on classification concepts.
Fir
Practice questions focusing on fir concepts.
Section 146
Practice questions focusing on section 146 concepts.
Liability
Practice questions focusing on liability concepts.
Transit Cover
Practice questions focusing on transit cover concepts.
Solatium Fund
Practice questions focusing on solatium fund concepts.
Private Vs Commercial
Practice questions focusing on private vs commercial concepts.
Discounts
Practice questions focusing on discounts concepts.
Automobile Association
Practice questions focusing on automobile association concepts.
Engine Protect
Practice questions focusing on engine protect concepts.
Section 157
Practice questions focusing on section 157 concepts.
Cpa
Practice questions focusing on cpa concepts.
Irdai Regulations
Practice questions focusing on irdai regulations concepts.
Material Fact
Practice questions focusing on material fact concepts.
Motor Trade Policy
Practice questions focusing on motor trade policy concepts.
Road Transit
Practice questions focusing on road transit concepts.
Registration Certificate
Practice questions focusing on registration certificate concepts.
Penalties
Practice questions focusing on penalties concepts.
Driving Tuition
Practice questions focusing on driving tuition concepts.
Agreed Value
Practice questions focusing on agreed value concepts.
Partial Loss
Practice questions focusing on partial loss concepts.
Long Term Policy
Practice questions focusing on long term policy concepts.
Cancellation
Practice questions focusing on cancellation concepts.
Exceptions
Practice questions focusing on exceptions concepts.
Painting
Practice questions focusing on painting concepts.
Imt 16
Practice questions focusing on imt 16 concepts.
Passengers
Practice questions focusing on passengers concepts.
Renewal
Practice questions focusing on renewal concepts.
Grace Period
Practice questions focusing on grace period concepts.
Cargo
Practice questions focusing on cargo concepts.
Non Disclosure
Practice questions focusing on non disclosure concepts.
Imt 24
Practice questions focusing on imt 24 concepts.
Accessories
Practice questions focusing on accessories concepts.
Malus
Practice questions focusing on malus concepts.
Premium Loading
Practice questions focusing on premium loading concepts.
Fleet Policy
Practice questions focusing on fleet policy concepts.
Tppd
Practice questions focusing on tppd concepts.
Imt 20
Practice questions focusing on imt 20 concepts.
Proximate Cause
Practice questions focusing on proximate cause concepts.
Policy Period
Practice questions focusing on policy period concepts.
Coverage
Practice questions focusing on coverage concepts.
Legal Heirs
Practice questions focusing on legal heirs concepts.
Hazardous Goods
Practice questions focusing on hazardous goods concepts.
Consumables
Practice questions focusing on consumables concepts.
Appeals
Practice questions focusing on appeals concepts.
Ncb Transfer
Practice questions focusing on ncb transfer concepts.
Usage Based Insurance
Practice questions focusing on usage based insurance concepts.
Pay As You Drive
Practice questions focusing on pay as you drive concepts.
Hydrostatic Lock
Practice questions focusing on hydrostatic lock concepts.
Flood
Practice questions focusing on flood concepts.
International Driving Permit
Practice questions focusing on international driving permit concepts.
Standalone Od
Practice questions focusing on standalone od concepts.
Tariff Advisory Committee
Practice questions focusing on tariff advisory committee concepts.
Policy Wordings
Practice questions focusing on policy wordings concepts.
Nepal
Practice questions focusing on nepal concepts.
Police Report
Practice questions focusing on police report concepts.
Under Insurance
Practice questions focusing on under insurance concepts.
Condition Of Average
Practice questions focusing on condition of average concepts.
Loss Of Use
Practice questions focusing on loss of use concepts.
Imt 28
Practice questions focusing on imt 28 concepts.
Paid Driver Liability
Practice questions focusing on paid driver liability concepts.
Workmens Compensation
Practice questions focusing on workmens compensation concepts.
Compensation Calculation
Practice questions focusing on compensation calculation concepts.
Multiplier Method
Practice questions focusing on multiplier method concepts.
Registration
Practice questions focusing on registration concepts.
Temporary Registration
Practice questions focusing on temporary registration concepts.
Survey
Practice questions focusing on survey concepts.
Repudiation
Practice questions focusing on repudiation concepts.
Misp
Practice questions focusing on misp concepts.
How to Pass the III IC-72 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-72 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-72 Study Tips from Top Performers
Frequently Asked Questions
How many questions are on the III IC-72 exam?
The III objective papers, including IC-72, consist of 100 multiple-choice questions completed in 2 hours online.
What is the IC-72 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-72 carry?
This paper (IC-72) carries 30 credit points under the Insurance Institute of India credit system.