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.
The Institute is supported by two
corporate members - The Life Insurance Corporation of India and the General
Insurance Corporation of India and its subsidiaries as also 89 local Institutes
across the country.
It is the only professional insurance
institute in India. It is a charter member in the recently started Institute of
Global Insurance Education (IGIE).
The membership of the Institute is
through local associated Institutes only. 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 81 local Associated Institutes spread all over the
country. The Insurance Institute of Sri Lanka and the Royal Insurance
Corporation of Bhutan Insurance Institute are affiliated to the Institute. 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 and its
subsidiaries are its two 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 Dy.Secretary, Asst.
Secretaries, Officers & Staff.
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