Before you can sell life insurance in India—whether with HDFC Life or any other insurer—you must obtain an IRDAI IC-38 license. This license is not just a certificate, but your legal identity as a professional insurance advisor.
Many aspiring agents are confused about what the IC-38 license really is, why it’s important, and how to get it. This guide breaks it down in simple terms.
What Is the IC-38 License?
The IC-38 license is issued by the Insurance Regulatory and Development Authority of India (IRDAI) after you:
- Complete mandatory 25 hours of pre-licensing training.
- Pass the IC-38 exam with at least 35% marks.
Once you clear it, IRDAI authorizes you to sell life insurance policies legally and earn commissions as an agent.
Why Is It Called IC-38?
- “IC” stands for Insurance Certificate.
- “38” refers to the regulation number under which the exam was introduced by IRDAI.
It ensures that every advisor in India meets a minimum knowledge standard before advising clients.
Key Benefits of Having an IC-38 License
- Legal Authorization – Without it, you cannot sell insurance or receive commissions.
- Career Credibility – Customers trust licensed agents more.
- Multiple Opportunities – Once licensed, you can work with agencies, brokers, or directly with insurers.
- Income Security – License is your gateway to a recurring, commission-based career.
What the IC-38 Exam Covers
| Topic | Weightage |
|---|---|
| Basics of Insurance | 20% |
| IRDAI Regulations & Ethics | 25% |
| Life Insurance Products | 30% |
| Customer Handling & Rights | 15% |
| Financial Literacy | 10% |
Who Needs an IC-38 License?
- Freshers looking to start as insurance advisors.
- Homemakers, teachers, retirees who want part-time income.
- Professionals switching careers.
- Anyone who wants to sell insurance legally in India.
How to Apply for the License
- Register through an insurer like HDFC Life or an agency like eBharat.
- Complete the 25-hour mandatory training.
- Appear for the online IC-38 exam.
- On passing, receive your IRDAI license and unique code.
Validity and Renewal
- The IC-38 license is valid for 3 years.
- Renewal requires training refreshers and applying through your insurer or agency.
Case Example
Neha, a 25-year-old graduate, wanted to earn part-time income. She completed her 25-hour training, cleared the IC-38 exam on her first attempt, and now works under eBharat. Within 6 months, she closed 12 policies and earns a steady income every month—all because of the license.
Why This Matters
The IC-38 license is your entry ticket into the insurance industry. Without it, you cannot grow as an agent. With it, you gain credibility, legal recognition, and the right to build a rewarding career.
Next, read: IRDAI Guidelines Every HDFC Life Agent Must Know
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