Understanding financial regulations is crucial for the AIC exam, especially for roles like Management Trainee. Since AIC operates under the Insurance Regulatory and Development Authority of India (IRDAI), candidates must be familiar with insurance laws, regulatory frameworks, and government schemes like Pradhan Mantri Fasal Bima Yojana (PMFBY). Knowledge of financial regulations helps assess risks, ensure compliance, and support policy implementation—key responsibilities for AIC employees. It also reflects a candidate’s awareness of industry norms, which is essential for excelling in the exam and future job roles.