Q1 Can I enroll for the Institutes’ examination?
Ans Yes You Can enroll for the Licentiate
examination if you have passed: S.S.C. or any equivalent
Examination
OR
Not passed such examination but has
worked either in the field or in the insurance office for at
least three years prior to the date of submission of his entry
form.
Any agent working in the insurance industry is eligible to enter
for the Certificate in Insurance Salesmanship
examination.
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Q2 What kind of courses does
institute offer?
The following are the different kind of
courses available to the candidates:
1) Diploma course:
This course is of three
tier consist of Licentiate, Associateship and Fellowship
examination. Candidate has the option of choosing
either Life or Non-Life branch at the
Licentiate level and for the Associateship candidate can
choose either fire, Marine,
Miscellaneous or General branch provided
he has passed Licentiate in Non-Life branch.
2) Certificate in Insurance Salesmanship:
This is a course designed for the field staff (Agents/D.O.) of any
Insurance company. It consists of two subjects and
candidate
has the option to opt for either Life or Non-Life branch.
3)SURVEYOR’S EXAMINATIONS:
The IRDA has given recognition to the
Institute to conduct the surveyors examination, as required by
the IRDA regulations. For detailed information,
Please see IRDA website:-
www.irdaindia.org
4) Certificate
Course on Foundations of Casualty Actuarial Science:
The Insurance Institute of India has launched a certificate course
titled “Foundations of Casualty Actuarial Science” (General
Insurance) for the benefit of persons interested in the field of General Insurance Actuarial Science.
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Q3 How many times during the
year examinations are held?
Ans We conduct
our Licentiate, Associateship, Fellowship and.C.I.S.
Examination twice a year. (i.e. April/May and
October/November).
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Q4 Does the Diplomas awarded by the
I.I.I. are recognised?
Ans Yes, all the Public
Sector Insurance Company and Private Insurance company
recognised the Institute's diploma as one of the
highest qualification in Insurance and
they encourage their employees to appear for the Institutes
examinations. Public Sector Insurance
Company offers cash incentives to their employees who pass the
institute examination.
The Chartered
Insurance Institute, London grants 4 exemptions to the
Associates and 7 exemptions to the fellows of Insurance
Institute of India in their ACII program
consisting of 10 subjects.
The
American Institute for Chartered Property Casualty
Underwriters, U.S.A. grants 4 exemptions in their prestigious
CPCU designations to the Fellows
(Non-Life) of Insurance Institute of India.
Life Office Management Association,
U.S.A. grants 3 exemptions in their FLMI designation to the
Fellows (Life) of Insurance Institute
of India.
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Q5 What is the shortest possible time
requires acquiring the qualification?
Ans Candidate can qualify for Associateship diploma in one year time period
and one can qualify for Fellowship diploma within
1 ½ years time span.
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Q6 Total how many subjects candidate
has to pass to qualify for the "Fellowship
Diploma"?
Ans Candidate has to pass total 15
subjects (i.e. 3-Licentiate, 6-Associateship and
6-Fellowship).
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Q7 Can I enroll directly to the
Associateship or Fellowship Examination?
Ans The Diploma course offered by the
institute is divided into three tiers and unless the candidate
passes the immediate lower level examination he cannot be
allowed to appear for the next higher level of examination.
(i.e. every candidate has to appear and pass Licentiate
examination to be eligible to appear for Associateship
examination and to be eligible to appear for Fellowship
examination candidate should pass Associateship examination.)
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Q8 What are the passing
criteria?
Ans Candidate should score minimum 50
marks in individual subject.
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Q9 Is there any time limit to complete examination?
Ans There is no time limit to pass for Licentiate, Associateship, Fellowship,
C.I.S., Surveyors and Actuarial Science Examination.
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Q10 Can I enroll for both the
branches together for "Licentiate" examination?
Ans Yes, candidate has the option to
enroll concurrently for both the branches of "Licentiate
Examination" by submitting examination entry forms separately
and so also the registration fee. However candidates needs to
take every care while choosing the subjects so as to avoid any
possible clash of timetable.
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Q11 How many days before the date of
examination I will get my "Hall Ticket"?
Ans Admission cards will be posted by
ordinary post about two weeks prior to the beginning of
examinations. It will be also available on website.
http://www.insuranceinstituteofindia.com/
InsuranceInst/AdmissionCard/ASPX/IIIPrintRegNumber.aspx
about two weeks prior to the examination.
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Q12 If I do not get "Hall Ticket" in
time then what should I do?
Ans Because of postal delay if any
candidate fails to get the hall ticket in time then he should
immediately approach to the local institute of which he is a
member and he can appear for the examination on the basis of
fees receipt and the Identity card issued by the I.I.I.
OR
Candidates can download hall ticket from website
http://www.insuranceinstituteofindia.com/
InsuranceInst/AdmissionCard/ASPX/IIIPrintRegNumber.aspx
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Q13 How I should prepare for the
examination?
Ans Basically this is a "Self Study"
course and a candidate is expected to study the course
contents in depth and also assimilate general information
relevant to the prescribed subject but as we all know that
effective tuition service is considered essential for the
examination we have the scheme of 1) Oral tuition service 2)
Postal tuition Service. Candidate can choose either of the
schemes on voluntary basis.
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Q14 when should I submit my forms for
fresh registration of "Licentiate Examination"?
Ans To enroll for the May examination new
candidates should submit their examination forms before 10th
January and for October examination the last date to accept
the application is 20th June.
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Q15 where should I submit my
examination form?
Ans We have total "91" Associated
institutes operating from different parts of the country. Any
candidate who wishes to enroll for the examination should have
to opt for the membership of one of this institute. Candidate
can become member of an institute nearer to their place of
residence or work and through the local institute of which
candidate is a member he/she can submit the examination form.
candidates can see institute’s
address from the link given below:-
http://www.insuranceinstituteofindia.com/
InsuranceInst/AssociateInstitutes/ASPX/IIIAssociateInstList.aspx
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Q16 What is the fee I have to pay to
appear for the examination?
Ans At present we charge Rs.300/- examination fees per subject and if the candidate
is appearing for the first time for examination he/she has to pay Rs. 250/-
Registration fees and Rs.500/- as Life membership fees. Overseas candidates
have to pay Rs.2000/- examination fees per subject and if the candidate is
appearing for the first time for examination he/she has to pay Rs.2500/-
Registration fees and Rs.3500/- as Life membership fees.
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Q17 Is there any provision for refund
of "Fees"?
Ans If you send your application for
refund of fees before the “last date for withdrawal” is over,
you are entitled for refund of 50% of examination fees paid by
you. However in case of fresh registration we do not refund
Registration fees and other fees like membership fees etc.
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Q18 Is there any option available for
the "Medium" of examination?
Ans The Question papers for CIS,
Licentiate and Associateship examination are set bilingually
i.e. Hindi and English. Candidates have the option to answer
the paper either in Hindi or English.Question papers at
Fellowship level will be provided in English only. However the
candidate at Fellowship level have the option to answer in
Hindi or English for paper no. 83,85,86,87,88,90,97, 98.But
for P.No.81, 82 and 89 candidates have to answer in English
only.
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Q19 Can I change the branch of
examination ?
Ans In the normal course we do not allow
any change of branch once the candidate opts for the same
while submitting his entry form for the examination however
before submission of the entry form candidate should send
his/her request for the change of branch and only after
obtaining prior permission from the institute candidates can
opt for the change of branch.
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