Application of Life Assurance Papers of Associateship Examination is an important as well as a tough to score paper. Application of life assurance mainly deals with the study of different pension plans, functions of reinsurance, various advantages and disadvantages fixed annuity, plan benefits of flaws of group insurance and individual insurance.

Qualification for appearing in this exam:

Candidates who have already appeared for Licentiate exams and have cleared it successfully are the only eligible candidates to sit for Associateship exam. Candidates after clearing all the six subjects of this examination will be offered with an Associateship Diploma degree.

Score Calculation:

Candidates need to acquire 50 marks out of the total 100 marks in order to get qualified in this exam.

Mode of exam:

Application of Life Assurance Papers of Associateship Examination is paper pencil based exam (offline exam). Candidates sitting for this test are only allowed to use blue or black ball point pen and HB pencil during the answering process. The instructions of answering are given to the students by the examiners in the exam hall. Candidates appearing are provided with answer sheets only on which they are permitted to write the answers of the given questions.

Paper Format:

This paper consists of a total of 10 questions all of which are not compulsory to answer. The candidates appearing for this test need to answer only eight questions out of the ten given questions. Application of Life Assurance Papers of Associateship Examination is comprised of only subjective type questions which are mainly descriptive type questions or short notes.

Time Allotted:

The maximum time given to the candidates to complete the Application of Life Assurance Papers of Associateship Examination is 3 hours.

Books:

Life and Health Insurance, 13th Edition by Kenneth Black Jr. , Harold D. Skipper Jr.