Before starting about we should understand the requirement of IC38 exam in Insurance industry. IC38 is a subject related to Insurance Industry. IC38 exam is conducted for people who want to become insurance adviser in any Insurance company.
IC38 Subject contains all basic aspect of Life, Health and General Insurance industry. This Subject starts with inception of insurance to Reinsurance.
Why IC38 is Required?
IC38 is required to make sure to know if the agent is actually ready to sell the product in a right way or not.
In last many years of Insurance industry it is observed that agent are misleading the customers some time intentionally and due to lack of knowledge also. So IC38 is created to make them aware about long term relation with customer on the basis of passing correct and authentic information to customer before selling any insurance product.