IIQE Paper 5 Mock Exam: Free Timed Mock Paper
Updated
Yes, you can sit a free IIQE Paper 5 mock exam: a timed 20-question mock paper in 30 minutes, marked at the real 70% pass line. Try 5 questions with no sign-up, each marked with the worked answer, then take the full free mock with a free account. As at 12 Nov 2026, the real IIQE Paper 5 is 80 multiple-choice questions in 2 hours, and you pass with 70%, which is 56 of 80 correct (PEAK IIQE Handbook §2.2.1 and §2.4, effective 1 Sep 2026).
The free mock, the full mocks and the real Paper 5
| Real IIQE Paper 5 | Free mock | Full mocks in a pass | |
|---|---|---|---|
| Questions | 80 multiple-choice | 20 | 80 |
| Time | 2 hours | 30 minutes | 2 hours |
| Pass line | 70% (56 of 80) | 70% | 70% (56 of 80) |
| Result | PASS or FAIL only; the score is not disclosed | Your score, every answer explained | Your score, every answer explained |
| Price | From HK$325 a sitting | Free | See pricing |
The free mock is a shorter sitting drawn across every chapter, so you can see where you stand in 30 minutes. The full timed mocks in a pass use the real question count and time, with questions dealt to the chapter weights in the study notes, and each one is a new paper. We do not simulate invigilation or the exam centre's own software.
Are there IIQE Paper 5 past papers?
No. PEAK's FAQ (Q12, effective 1 Sep 2026, re-read 12 Nov 2026) says the PEAK Exam Centre "does not issue any past papers for the examination". Anything sold as IIQE Paper 5 past papers or real questions is recalled content or someone's own questions with a misleading label. Every IIQE Prep question is original, written to the public syllabus; none is a past or recalled exam question. More in IIQE past papers.
What a full Paper 5 mock covers
One chapter per line, with its weight in the study notes:
- Introduction to Investment-linked Long Term Insurance Policies: 2.5%
- Investments: 20%
- Investment Assets: 35%
- Investment-linked Long Term Insurance Policies: 32.5%
- Regulatory Framework in Hong Kong: 10%
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How to use a mock paper
- Sit it timed, in one go, with no notes open.
- Read the worked answer for every miss, then practise that chapter while it is fresh.
- Keep a list of the rules you got wrong and read it before the next mock.
- Book when you clear 70% with a margin on two fresh full mocks. A mock score is a guide, not a forecast of your result.
Booking the real Paper 5
As at 12 Nov 2026, the fee is HK$325 PPME, HK$390 CSME (PEAK IIQE Handbook §5.1, non-refundable). You enrol online with PEAK; there is no single exam date, and PEAK releases each month's sessions ahead. See fees and booking and how to find the next sitting.
More on this paper: the IIQE Paper 5 practice questions and the pass mark. Other mock papers: IIQE Paper 1 mock exam · IIQE Paper 3 mock exam.
Sources, last checked
- PEAK Exam Centre (VTC): IIQE page
- PEAK IIQE Handbook, effective 1 Sep 2026 (PDF)
- PEAK FAQs, IIQE and MPF exams, effective 1 Sep 2026 (PDF)
- Insurance Authority: Insurance Intermediaries Qualifying Examination
The exam bodies can change fees and rules at any time. Confirm on their pages before you pay.
Frequently asked questions
Is there a free IIQE Paper 5 mock exam?
Yes. IIQE Prep's free IIQE Paper 5 mock is 20 questions in 30 minutes, marked at the 70% pass line, with a worked answer for every question. You can try 5 questions with no sign-up; the full free mock needs a free account.
What is the IIQE Paper 5 exam format?
As at 12 Nov 2026, IIQE Paper 5 is 80 multiple-choice questions in 2 hours, pass mark 70% (56 of 80 correct), according to PEAK's IIQE Handbook effective 1 Sep 2026. The result is PASS or FAIL only; the score is not disclosed.
Are there IIQE Paper 5 past papers?
No. PEAK's FAQ (Q12, effective 1 Sep 2026, re-read 12 Nov 2026) says the PEAK Exam Centre "does not issue any past papers for the examination". IIQE Prep's questions are original practice questions, not past or recalled ones.
How close is the mock to the real IIQE Paper 5?
The free mock is a shorter sitting at the same pass mark. The full timed mocks in a pass use the real question count and time. Neither copies the exam centre's software or invigilation, and a mock score is a guide, not a forecast of your result.
Put it into practice
Free account, original exam-style questions with worked explanations, and timed mock exams.
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Start practising →IIQE Prep is an independent study service, not affiliated with or endorsed by the Insurance Authority, the IIQE administrator (the Vocational Training Council) or the Mandatory Provident Fund Schemes Authority (MPFA). 'IIQE' and 'MPF' are used only to describe the examinations.