Reading list: Everything You Need to Know About the IRDA Exam Fee
Everything You Need to Know About the IRDA Exam Fee

Planning to become an IRDA-certified insurance agent? One of the first things you’ll want clarity on is the IRDA exam fee—what it costs, what you’re paying for, and how to budget properly. In this article, we break it all down, so you’re fully prepared.

What Is the IRDA Exam?

The IRDA exam (sometimes known as the IC-38 exam) is a mandatory test for anyone who wants to legally sell insurance products in India. Whether you're going into life insurance, general insurance, health insurance, or want a composite license, passing this exam is essential.

The exam is overseen by the Insurance Regulatory and Development Authority of India (IRDAI) and must be done through an IRDAI-accredited training institute or insurer.

Components of the IRDA Exam Fee

Here’s what the fees generally cover:

Fee Component
What It Covers

Registration Fee
Paying to reserve your exam slot, submit your exam application, and get processed. Usually in the range of ₹700-₹800. Niva Bupa

Certification / Exam Fee
This is what you pay to actually take the exam. For a standard exam, it’s around ₹500-₹600, but if you’re appearing for a composite exam (you want life + general insurance authorization), it can go up to ₹1,000-₹1,200. Niva Bupa

Training Fees
Before the exam, IRDA mandates training from an approved institute. The cost depends on whether training is online or in-person, and whether for life, general, or composite license. Costs can vary quite widely—from a few hundred ₹ for online modules up to several thousands for classroom sessions. Niva Bupa

Study Material Costs
Often overlooked, but you’ll need books or digital material. Usually a modest fee (₹100-₹300) if not included with your training institute. Niva Bupa

Renewal / License Maintenance Fees
The license is valid for a certain period (typically 3 years), after which there are renewal fees + mandatory continued training or refresher courses. Niva Bupa

Total Cost Estimate

Depending on your chosen track (life, general, or composite) and whether you opt for online or classroom training, the total cost for first-time certification tends to fall in a range. Based on the latest figures:

Lower-end scenario (online training, single specialization): ~ ₹1,500-₹3,000

Higher-end scenario (classroom + composite license): may go up to ₹7,000-₹9,000, depending on institute and location. Niva Bupa

Tips to Save On Fees

Choose online training when possible – often cheaper and more flexible.

Look for bundled offers – some insurers or institutes bundle registration + training + study materials.

Compare across institutes – fees may differ significantly by geography, mode (online/offline), and reputation.

Make sure nothing is hidden – sometimes exam slot booking, admit card issuance, or study materials cost extra beyond the advertised fee.

How to Register & Pay

Here’s a quick walkthrough:

Select an IRDAI-accredited training institution or insurer.

Complete the training requirement (life/general/composite as needed).

Fill out the registration/application form with required documents (ID, address proof, education certificate, photos, etc.).

Pay the registration fee (usually ₹700-₹800).

Once accepted, pay the exam/certification fee (₹500-₹600 or more for composite).

Book your exam slot and appear for the exam.

Want More Details?

For the complete guide to IRDA exam fees, including latest updated values, fee structures by category (life/general/composite), training durations, and renewal charges, check out this helpful article:
Complete Guide to IRDA Insurance Agent Exam Fees

FAQs

Q: Does the IRDA exam fee differ for rural vs urban areas?
A: The base fees are generally uniform, but training costs may vary by location. Some institutes in rural areas may charge less for classroom fees or offer online alternatives.

Q: If I fail the exam, do I have to pay full fees again?
A: Yes, you’ll need to pay the exam (certification) fee again to re-appear. But usually registration fee is one-time unless you’re applying fresh.

Q: Do I need to pay all fees upfront?
A: Usually yes for registration + exam slot booking. Training and study material fees depend on institute policy; some allow instalments for training.

Conclusion

The IRDA exam fee is not just a cost—it’s an investment into your insurance career. Knowing the breakdown of all associated fees helps you plan better, avoid surprises, and choose the right path (online vs classroom, single vs composite). With good preparation, the exam isn’t just affordable—it opens up the opportunity to serve clients, build trust, and grow as a professional.

If you’re ready to take the next step, make sure to read the full guide (linked above) so you know exactly what you need to pay and when. Best of luck on your IRDA exam journey!