Behavioural studies have indicated that semantic typicality influences processing time and accuracy during the performance of inductive reasoning (i.e., the typicality effect). The present study examines this effect by manipulating the types of premises and conclusions (i.e., general, typical, or atypical) at an electrophysiological level using a semantic category-based induction task. With regard to behavioural results, higher inductive strength was found in typical conclusions in all premise conditions, whereas a longer response time for atypical conclusions was only found in general and typical premise conditions. The ERP results had different response patterns: in the general premise condition, a larger P2, as well as a smaller P3 and LPC (500–600 ms), were elicited by atypical conclusions relative to typical ones; in the typical premise condition, a larger P2 and LPC (600–700 ms) were found for atypical conclusions; in the atypical premise condition, however, only a larger P2 was found for atypical conclusions. The divergent evidence for the typicality effect indicated that the processing of the typicality effect in general, and specific premise conditions, might involve different cognitive processes, such as resource allocation and inference violation, which yielded new insights into the neural underpinnings of the typicality effect in a category-based induction.