🇸🇬 Financial Planning & Wealth

SCI BCP Basic Insurance Concepts and Principles Exam Preparation

Prepare for the 40-question SCI BCP examination with source-grounded coverage of insurance markets, regulation, risk, core principles, contracts, documents, claims, reinsurance and professional conduct.

200 Practice Questions Detailed Study Notes Realistic mock exams
BCP – Basic Insurance Concepts and Principles

Qualification facts verified against Current SCI BCP exam scope. Last checked 2026-08-04. SCI Certification in General Insurance page. The official page controls the BCP title, nine-chapter scope, 40-question format, 45-minute duration, 70% passing grade, pathway role and CPD information.

SCI BCP practice inventory

  • Five timed 40-question mock exams
  • 160 distinct questions across Mocks 1-4
  • 174 active-recall flashcards
  • 168 searchable reference items
  • Nine detailed chapter summaries
Unlimited Training
Self-Paced Learning
Certificate of Completion
AI Audio Summaries New

Listen to course modules on the go. Perfect for studying while driving or commuting.

🎧 Audio

* This is a chapter sample. All audio is available in the full version.

Interactive Playground

Explore our interactive learning tools below

Sample Question 1 of 10

Which BCP concept is best described by this statement? A principal statutory instrument governing insurance business and market participants in Singapore.

This is just a taste — the full course includes far more

SCI BCP preparation across all nine official chapters

Basic Insurance Concepts and Principles is the common foundation module for SCI's Personal General Insurance and Commercial General Insurance certifications. It tests the market structure, regulatory framework, risk, core insurance principles, contract and agency law, insurance documents, claims, reinsurance, ethics, data protection and cyber hygiene.

This course turns all nine chapters into detailed summaries, 174 active-recall flashcards, a 168-item searchable reference sheet and five timed 40-question mock exams. The AI tutor is grounded in the BCP material so you can clarify close distinctions such as peril versus hazard, indemnity versus benefit, subrogation versus contribution and reinsurance versus co-insurance.

Practise the official assessment format

The official BCP assessment contains 40 multiple-choice questions in 45 minutes and has a 70% passing grade. Mocks 1-4 contain 160 distinct questions across the full chapter scope, while Mock 5 combines an even sample from the earlier papers for final mixed practice.

🇸🇬 Local market guide

BCP – Basic Insurance Concepts and Principles in Singapore: pathway, booking and careers

Review the BCP pathway, official booking route and Singapore career context before paying the examination fee.

Regulator and qualification pathway

BCP is the common foundation module for SCI's Personal General Insurance and Commercial General Insurance certifications. It covers insurance markets, regulation, risk, principles, contracts, documents, claims, reinsurance and professional conduct.

Monetary Authority of Singapore and Singapore College of Insurance

Booking and official examination

Use the official SCI BCP page and SCI registration channel for the current examination schedule, eligibility, fees and booking instructions.

View official SCI BCP details

Career and employer context

BCP is the shared foundation for personal and commercial general-insurance pathways and is relevant to regulated sales, underwriting, claims and customer-service roles.

Price and currency

Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official SCI examination fee and official study material are separate and are paid through the applicable SCI channel.

Exam Format & Details

Assessment 40 multiple-choice questions in an English-medium, closed-book computer-screen examination
Duration 45 Minutes
Standard Pass Mark 70%
Total Qualification Time 50 hours

Preparation Package at a Glance

Feature Exams Academy Details
Access Period
Lifetime Access
One-time enrollment with no recurring fee
Practice Exams
Unlimited Retakes
Five timed 40-question mock exams
Study Support
Instant 24/7 AI Tutor
Self-service AI support; live instructor support is not included
Cost
$189 (One-Time)
One-time payment with no recurring subscription

Key Benefits

Five Full-Length Mock Exams

Build insurance knowledge, claims judgement and timing with five 40-question practice exams.

  • All nine official chapters represented.
  • 160 distinct questions across Mocks 1-4.
  • Source-grounded explanations for every answer.

BCP-Grounded AI Tutor

Clarify market roles, legal principles, policy documents and claims steps against the course material.

  • Compare agents, brokers, insurers and reinsurers.
  • Apply indemnity, subrogation and contribution in sequence.
  • Distinguish reinsurance, co-insurance and claims responsibilities.

Active-Recall Revision

Strengthen memory with 174 flashcards and a 168-item searchable reference sheet.

  • Coverage across all nine chapters.
  • Dedicated exam-format and pathway recall cards.
  • Specific exam traps and close distinctions.

Detailed Chapter Summaries

Turn the insurance foundation syllabus into structured, source-grounded revision.

  • Markets, regulation and risk.
  • Insurance principles, contracts and documents.
  • Claims, reinsurance and professional conduct.
New course feature

Learn first. Then prove you’re ready.

Use the same question bank in two different ways: build understanding with instant feedback, then switch to a realistic simulation when you are ready.

Study Mode

Instant feedback & explanations

Choose an answer, see immediately whether it is right or wrong, and read the explanation before moving on.

  • Feedback after every choice
  • The correct answer shown clearly
  • A concise explanation while it matters
Exam Mode

Realistic exam simulation

Work against the official-style timer without revealing answers, then review your score and every explanation after submission.

  • Timer mirrors the exam duration
  • Answers stay hidden during the attempt
  • Score and explanations after submission

Syllabus

Module 1: The Insurance And Reinsurance Market 4% syllabus weight

🎧 Audio

Insurers, reinsurers, buyers, intermediaries, distribution channels and supporting industry bodies.

  • Market participants
  • Distribution and intermediation
  • Trade bodies, ratings and loss adjusting

Module 2: The Regulatory Landscape & Industry Frameworks 4% syllabus weight

MAS instruments, risk-based capital, nomination, policy-owner protection and premium-payment rules.

  • MAS framework
  • Nomination and PPF
  • Premium-payment warranties

Module 3: Risks & Insurance 4% syllabus weight

Risk categories, insurability, perils, hazards, risk treatment, insurance benefits and product classification.

  • Risk types and pooling
  • Insurability, perils and hazards
  • Risk treatment and insurance products

Module 4: Principles Of Insurance 7% syllabus weight

Insurable interest, utmost good faith, indemnity, subrogation, contribution and proximate cause.

  • Insurable interest and disclosure
  • Indemnity and claim measurement
  • Recovery, sharing and causation

Module 5: Law Of Contract And Agency 4% syllabus weight

Contract formation, validity, vitiating factors and the authority, duties and termination of agency.

  • Contract elements
  • Vitiating factors
  • Agency relationships

Module 6: Insurance Documents 5% syllabus weight

Proposal forms, temporary evidence, policy structure, endorsements, renewal documents and claim forms.

  • Pre-contract documents
  • Policy wording and schedule
  • Endorsements, renewal and claims

Module 7: Claims 5% syllabus weight

Notification, proof, mitigation, investigation, settlement methods, fraud, recovery rights and disputes.

  • Claims procedure and evidence
  • Settlement and conditions
  • Fraud, recovery and disputes

Module 8: Reinsurance And Co-Insurance 3% syllabus weight

Objectives and methods of reinsurance, retention and cession, co-insurance and claims sharing.

  • Reinsurance objectives
  • Facultative and treaty methods
  • Co-insurance distinctions

Module 9: Ethics, Professionalism, Data Protection And Cyber Hygiene 4% syllabus weight

Ethical reasoning, professional conduct, industry codes, data protection and practical cyber safeguards.

  • Ethics and professionalism
  • Industry codes
  • Data protection and cyber hygiene

Who Is This For?

Candidates taking the SCI Basic Insurance Concepts and Principles examination
Candidates working toward the Personal General Insurance or Commercial General Insurance certification
Insurance representatives who need a structured foundation in Singapore general insurance
Candidates who want full-length timed practice across all nine BCP chapters

Preparation centre

Use these connected guides for the syllabus, exam format, booking and revision strategy.

View all insights

Frequently Asked Questions

BCP is a 45-minute, closed-book computer-screen examination with 40 multiple-choice questions. The minimum passing grade is 70%.

The nine chapters cover insurance and reinsurance markets, regulation, risk, insurance principles, contract and agency law, documents, claims, reinsurance and co-insurance, ethics, data protection and cyber hygiene.

BCP is the common foundation module for both the Personal General Insurance Certification and the Commercial General Insurance Certification. Together with PGI and ComGI, it forms the full Certification in General Insurance.

SCI recommends 40 to 50 hours for each certification module. Your actual preparation time depends on prior experience and timed-practice performance.

Each correct answer earns one mark. No mark is awarded or deducted for a wrong or blank answer.

No. The Exams Academy course and the official SCI examination are purchased separately.

You receive lifetime access to the current course content with no recurring subscription fee.

Yes! Test your knowledge and see our AI tutor explanations with the free BCP – Basic Insurance Concepts and Principles Sample Paper. It contains 15 questions from one named topic and is not a full mock exam or overall readiness assessment.

No. BCP is the common foundation module for SCI's Personal General Insurance and Commercial General Insurance certifications. It covers insurance markets, regulation, risk, principles, contracts, documents, claims, reinsurance and professional conduct.

Use the official SCI BCP page and SCI registration channel for the current examination schedule, eligibility, fees and booking instructions.

Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official SCI examination fee and official study material are separate and are paid through the applicable SCI channel.

Ready to Pass Your Exam?

Prepare for the SCI BCP exam with structured study notes, active practice, flashcards and a course-grounded tutor.

BCP – Basic Insurance Concepts and Principles
$189 $440 -57%