IIQE Paper III Question Bank — 3,295 Answers Show This Paper Has No Priority Chapter
For long term business (life-led), Paper III is required alongside Paper I.
This paper is structured the opposite way to Paper I, and that difference changes how you should allocate your time.
The official parameters
| Item | Value |
|---|---|
| Full name | Long Term Insurance |
| Duration / questions | 1 hour 15 min / 50 |
| Average per question | 1 min 30 sec |
| Pass mark | 70 |
| Who needs it | Long term and composite business (table) |
| Fee | Paper-and-pencil HK$195 · Computer-based HK$265 · Remote HK$850 |
3,295 real answers: no priority chapter
| Ch. | Chapter | Weighting | Practice accuracy | Answers | Share of expected loss |
|---|---|---|---|---|---|
| 4 | Interpreting the Life Insurance Policy | 24% | 59.1% | 638 | 24.1% |
| 3 | Riders and Other Products | 24% | 59.5% | 659 | 23.8% |
| 2 | Types of Life Insurance and Annuities | 20% | 55.0% | 769 | 22.1% |
| 5 | Life Insurance Procedures | 22% | 59.2% | 699 | 22.0% |
| 1 | Introduction to Life Insurance | 10% | 67.0% | 530 | 8.1% |
The top four are 24.1 / 23.8 / 22.1 / 22.0 — almost identical.
Compare Paper I, where two chapters carry 56%. Here the largest single chapter carries 24%.
Two consequences:
- There is no shortcut in Paper III. In Paper I you can take two chapters and capture most of the
loss. Here, dropping any chapter costs you roughly the same as dropping any other
- Accuracy across Paper III is lower overall. Four of five chapters sit between 55% and 60%,
whereas Paper I has three chapters above 72%. The same study hour returns less here
Chapter 2 (Types of Life Insurance and Annuities) has the lowest accuracy in the paper at 55.0%. Despite carrying only a 20% weighting, it is the one chapter that justifies extra time on its own.
⚠️ This is a practice accuracy rate, not a pass rate. Sample: 9 candidates, 7,914 answers (3,295 on Paper III) — still small. Full reading.
Mange's Paper III question bank
Switchable Simplified / Traditional Chinese, an explanation for every wrong answer, practice ordered by your weak spots, 90-day access.
For an evenly distributed paper like this one, ordering practice by weakness beats ordering it by chapter — precisely because no chapter can be safely deferred.
Related
- Paper I: where the time belongs — the opposite structure
- Sitting from outside Hong Kong — the remote mode covers Paper III
- Format, pass mark and results
Sources and currency
Duration, question count and pass mark are taken from the Insurance Intermediaries Qualifying Examination (Paper-and-Pencil and Computer-based Modes) Handbook (applicable from 1 September 2025), retrieved 2026-08-09. Chapter weightings are taken from the publicly available syllabus and study-note contents; accuracy rates and answer counts are compiled by Mange as at 2026-08-09.
The handbook is versioned and both fees and syllabus are subject to change — check before enrolling. Mange does not own, and does not claim to own, copyright in any official examination material. Nothing here is enrolment advice or a promise about any examination outcome; the official announcements of the Insurance Authority and the PEAK Examination Centre govern.
Which IIQE Paper I Chapters Come First? Two of Them Carry 56% of the Loss
IIQE Paper V Question Bank — 80 Questions in 2 Hours, and the Only Paper You Cannot Sit Remotely
Mange is an IIQE drill system: a full question bank, an explanation of why each wrong answer is wrong, and an order of practice driven by your own weak spots. The figures above come out of real usage.
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