Insurance Institute of India

Insurance Institute of India-Headquarters
Insurance Institute of India-Headquarters

If you want to get into the insurance industry, I think the starting point is the Insurance Institute of India or the Indian institute of insurance.

This blog post gives a high-level overview of the Insurance Institute of India regarding its operations, duties, responsibilities, etc.

The insurance institute of India is established to provide education of insurance to the people who are engaged in the insurance industry. The insurance institute of India is established in 1955 in Mumbai.

IRDAI and Insurance Institute of India
IRDAI and Insurance Institute of India

About IIS / Insurance Institute of India

IIS’s main aim is to provide trained manpower to the insurance industry. By providing proper education about rules and regulations of the insurance industry to the agents the IIS also helping the general public.

You probably are wondering how it benefits normal people?

Here is a scenario that explains

For example When purchasing/taking insurance policy few people shroud data or give wrong data. While the claim process there will be contrasts between an insurance agency and the individual. along these lines, if the specialist is affirmed and he knows the significance of giving honest data he will direct them in the correct way.

Hence, when an insurance agent or Broker or Licentiate has this knowledge, they help insurance buyers in selecting the right plans and explain the insurance buyers of the risks, etc.

Objectives of Insurance Institute of India

  • Provide training
  • Conduct examinations
  • Give certifications

The main objective of IIS is to educate the people about insurance. Insurance institute of India provides training on different courses and conducts examinations then gives certifications.

Most of the courses are aimed at insurance agents, insurance brokers, and insurance enthusiasts.

Courses

Certificate / Diploma Examinations

Licentiate / Associateship /Fellowship

These are different levels of certificates that the insurance institute of India offers.

Licentiate:

The licentiate confirmation is a fundamental level; it is valuable for individuals who are keen on insurance and need to begin a profession in the insurance business or simply want to know about the insurance business.

This exam covers subjects of Principles of Insurance and Practice of Insurance (Life and Non-Life) and one more paper as optional from the professional exam curriculum.

Associate ship:

This is a mid-level certification. It is useful for people who are already in the insurance industry and want to grow in their careers. The candidates can choose Life or Non-life insurance subjects. As per the insurance institute of India, this level needs certain practical knowledge or experience for this certification.

Fellowship:

This is Advanced level certification. Fellowship gives advanced studies in specific areas. Again, this also helps people who are already in the industry and want to climb the hierarchy ladder in their careers.

Having these certificates not assure you of anything but they add value to your resume. The insurance companies will give weight to candidates who have these certifications when they are hiring.

Specialized Diplomas

Insurance Institute of India offers diplomas in different specialties of insurance. By looking at the names of these diplomas you will know the specializations and know need to elaborate on these I suppose.

1. Specialized Diploma in Marine Insurance

2. Specialized Diploma in Fire Insurance

3. Specialized Diploma in Health Insurance

4. Certificate Programme in Advanced Insurance Marketing (CPAIM)

5. Certificate Course in Foundations of Casualty Actuarial Science

6. Specialized Diploma in Casualty Actuarial Science

7. Diploma in Life Insurance Underwriting

8. Advance Diploma in Life Insurance Underwriting

9. Compliance, Governance and Risk Management in Insurance

Jointly Offered certificate /Diploma

Insurance Institute of India offers some Diplomas in joint with the Association of Insurance Underwriters (AIU). And, the Institute of Company Secretaries of India (ICSI).

Association of Underwriters-Insurance Institute of India
Association of Underwriters-Insurance Institute of India

III & AIU

  • Diploma on Life Insurance Underwriting
  • Advanced Diploma on Life Insurance Underwriting

What is Insurance Underwriting

please check the answer in my FAQ blog

https://ainsuranceplace.com/frequently-asked-questions-insurance/

Company Secretaries of India
Company Secretaries of India

III & ICSI

  • Certificate Course on Compliance, Governance and Risk Management in Insurance

This course is in two parts Online examination & class room training. As the name indicates this course offers knowledge on insurance fundamentals, Regulations, Governance and Compliance, and Risk Management.

LIBA-Insurance Institute of India
LIBA-Insurance Institute of India

III & LIBA

  • Executive Diploma in INSURANCE MANAGEMENT

This course is helpful for candidates who want to get into Management positions in the Insurance industry. It also helps the people who are already in the insurance industry and wants to grow in a career.

This course is offered by LIBA -Loyal Institute of business and administration collaboration with IIS.

Online certificate course

Certified Insurance Anti-Fraud Professional (CIAFP)

This course covers the academic and practical features of insurance fraud and fraud-fighting, detection and instigation.

The duration of the course is 1 year. It includes online and classroom training. 3 days of classroom training is mandatory.

Other examinations

POSTAL LIFE INSURANCE AGENTS EXAMINATION

Postal Life Insurance
Postal Life Insurance

Insurance Institute of India conducts Postal Life Insurance Agent exams on behalf of Postal Life Insurance Co. It is a government-managed company like Life Insurance Corporation of India.

IIS only provides logistic support to Postal Life Insurance Co; the syllabus and training are designed by Postal Life Insurance only.

The candidates who willing to take this exam must be sponsored by Postal Life Insurance, no private persons are allowed for this exam.

For More details http://www.postallifeinsurance.gov.in/

SURVEYORS EXAMS

What is the Insurance surveyor / What an insurance surveyor does?

Please check the answer here https://ainsuranceplace.com/frequently-asked-questions-insurance/

Insurance Institute of India conducts exams for insurance surveyors. The contents of the exam can be found here https://www.insuranceinstituteofindia.com/documents/10156/4defc549-8e67-4257-b799-7d50111a0984

E-Learning

Insurance Institute of India offers training online. You must apply/send a request by filling a form.

Also, III sells e-books, but it seems the e-books are working only on certain browsers like Chrome, Firefox and not working on Internet Explorer, UC browser.

The e-books are available in English and Hindi languages.

Be careful when buying e-books as there will be no refund if you want to return the book. So, be cautious when choosing a book and choose the right book.

The e-books are not available offline, you must log in every time you want to access them.

E-Learning- Insurance Institute of India
E-Learning- Insurance Institute of India

Job Opportunities/Placements / Careers

https://www.insuranceinstituteofindia.com/web/guest/placement

The placement assistance from the Indian institute of insurance is only available for registered users.

Contact – Insurance Institute of India

‘G’ Block, Plot No. C-46, Bandra – Kurla Complex, Bandra (East),

Mumbai – 400 051.

Phones: 022-26544200.

how to apply for licentiate exam

Candidates can use the online registration tool to register and register for the exam through the III website. New candidates can refer to the “New Candidate Help Handbook”, and existing candidates can refer to the “Existing Candidate Help Handbook” available under the “Help Desk” menu.

Apply for Examination

What is IC38 examination in insurance

IC 38 is one of the subjects related to the insurance industry. IC38 test is conducted for the candidates who want to be an insurance adviser in any insurance firm. IC38 subject covers all basic topics related to Life, Health, and general insurance.

I am a certified insurance broker. I am a passionate blogger mainly focusing on insurance. I intend to create or increase the awareness of importance of insurance in India by writing useful blog posts. Also i write my blog posts in a simple language so that the readers do not overwhelmed by the terminology that is being used in insurance sector.

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