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India

India

  • Insurance Institute of India
    Insurance Institute of India (III) was established in 1955 to promote insurance education & training in India. III conducts examinations for Licentiate, Associate and Fellowship accreditations, which are well regarded by the insurance industries in India and many other countries. III is closely associated with all segments of the Indian insurance industry, including Insurance Regulatory and Development Authority of India (IRDA), public and private sector insurance companies, insurance brokers, third party health administrators, surveyors and agents. III acts as the examining and training body for the Indian Regulator for issuing certain licenses. Academic Institutions like the Chartered Insurance Institute (CII) of UK, Life Office Management Association (LOMA) and American Institute of Chartered Property and Casualty Underwriters (AICPCP) of USA and Insurance Institute of Canada (IIC) recognize III qualifications.

  • Principles of Insurance (IC 01)
    A basic understanding of insurance; the course explains the concept and principles of insurance, how insurance is used to cover risk, how insurance is transacted and how the insurance market operates. The course also covers the relationship between insurers and their customers and the importance of insurance contracts.

  • Practice of Life Insurance (IC 02)
    The course provides an understanding the different aspects of Life insurance, its applications and its detailed features and variants. An understanding of premium and bonus calculation, the different types of annuity plans, group insurance plans etc., unit-linked policies, nomination and assignments, lapsation and revival of policies, surrender values and foreclosure and policy claims are also covered.

  • Practice of General Insurance (IC 11)
    The course covers practical aspects of General (non-life) insurance within the framework of prevailing legislation and aims at familiarizing the reader with the market structure, procedures and practices, coverage under various insurance policies, underwriting practices, claims management, accounting, investments and customer service.