Insurance Institute of India
 Mohd. Hamid Ansari at the valedictory function of the Diamond Jubilee celebrations of Insurance Institute of India, in Mumbai. The Governor of Maharashtra, Shri C. Vidyasagar Rao, the Chief Minister of Maharashtra | |
| Agency overview | |
|---|---|
| Type | National Apex Body |
| Jurisdiction | Ministry of Finance, Government of India |
| Headquarters | Mumbai, Maharashtra |
| Website | www |
The Insurance Institute of India is the sole national apex body for insurance underwriters in India established in 1955 in Mumbai. It is under the ownership of Ministry of Finance, Government of India.[1] It was created for the purpose of regulation and licensing of insurance underwriting profession in India. The institute conducts examinations at various levels. It is the professional institute in India devoted solely to insurance-underwriting education.
Certificates and Diplomas are awarded by the institute to successful candidates. These are recognised by the Government of India, the Insurance Regulatory and Development Authority (IRDA) and insurers in India and abroad. These qualifications are recognised by similar institutes in the UK, Canada and the United States, for grant of exemption from some of their papers. The Sri Lanka Insurance Institute and the Royal Insurance Corporation of Bhutan are also affiliated to the institute. The institute also invites notable professionals from the industry to deliver guest lectures such as Mr. Ankur Mehta, Executive Vice President at Marsh India. Moreover; the Fellows and Associates of the Chartered Insurance Institute, Institute and Faculty of Actuaries, and Institute of Actuaries of India can apply for Licenciate/Associateship/ Fellowship of the Insurance Institute of India.
Applicants can specialise in life insurance underwriting or general insurance underwriting . Examinations are held for Flagship course and a certificate course:
- Licenciate, Associate, Fellowship.(Insurance Underwriter)
- Certificate in insurance salesmanship (CIS)
References[]
- Examination handbook – Insurance Institute of India
External links[]
- Insurance Institute of India Official website of Insurance Institute of India.
- Insurance Institute of India More information on Insurance Institute of India.
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