The Insurance Institute of India (Regd.) formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) (Regd.) was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country. The Institute is a professional body serving the cause of the Insurance Industry. The Institute conducts qualifying examinations at three basic levels: Licentiate, Associateship and Fellowship as also introductory examinations - Inspectors and Certificate in Insurance Salesmanship. It also organises tuition service both oral and postal.

It is the only professional insurance institute in India . It is a charter member in the Institute of Global Insurance Education (IGIE).(www.igie.org)

The membership of the Institute is through local associated Institutes. The Sri Lanka Insurance Institute, the Sri Lanka Insurance Academy and the R.I.C.B. Insurance Institute, Bhutan are the affiliated Institutes outside India .

Membership
The membership of the Institute is through its local Associated Institutes. There are at present 91 local Associated Institutes spread all over the country. The members of the local Associated Institutes and the Affiliated Institutes automatically become the members of the Institute. The Life Insurance Corporation of India and the General Insurance Corporation of India , New India Assurance, Oriental Insurance, National Insurance, and United Insurance are corporate members.

Governing Body
The Governing Body of the Institute is its Council which functions through its two Committees, the Administration Committee and the Board of Education. The Board of Education is the supreme body in all matters of education and examinations

Secretariat
The Institute is headed by a Secretary-General, assisted by Secretaries, Dy.Secretary, Asst. Secretaries, Officers & Staff.