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 have worked in the
insurance industry for at least three years.
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 different kind of courses available to the candidates are:
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 insurance advisors sales supervisor of any
Insurance company. It consists of two subjects. Candidate has the option to opt
for either Life or Non-Life branch.
3) SURVEYOR’S EXAMINATIONS:
Institute is conducting the surveyors examination, on behalf of IRDA. 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 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 Licentiate, Associateship, Fellowship and.C.I.S. Examinations are conducted
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 Companies recognise the
Institute's diploma as one of the highest qualification in Insurance and they
encourage their employees to appear for the Institutes examinations.
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 candidate 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 for the examination 1) Oral tuition service arranged by local
associate institutes. Candidate can take the benefit of the facility.
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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
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
or candidate can pay the fees through online.
candidates can
see institute’s address from the link given below:-
http://www.insuranceinstituteofindia.com/
http://www.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.500/- examination fees per subject and if the
candidate is appearing for the first time for examination he/she has to pay Rs.
700/- Registration fees. Overseas candidates have to pay Rs.3000/- examination
fees per subject and if the candidate is appearing for the first time for
examination he/she has to pay Rs.7000/- Registration 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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