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Syllabus For Agent's Exam - Life Branch

1. Inroduction To Insurance

a)Purpose and Need of Insurance
b)Insurance as a social tool
c)Role Of Insurance in economic development
2. Fundamentals Of Agency Law

a)Definition oa an Agent
b)Agents Regulations
c)Other Intermediataries
d)Methods of Renumerating Agents
3. Legislative And Regulatory Matters

a)Insurance Act, 1938
b)Life Insurance Corporation Act, 1956
c)Insurance Regualtory & Development Authority Act, 1999
d)Consumer Protection Act, 1986
e)Ombudsman
f)Other Acts Like Income Tax Act,Married Women's Property Act.
g)Code of Conduct in Advertisement & Publicity Areas

4. Procedure For Becoming an Agent

a)Pre-requisite For Obtaining a License
b)Code of Conduct
c)Termination of Agency
5. Functions Of The Agent

a)Proposal Form and Other Forms
b)Medical and Financial Underwriting
c)Material and Relevant Information
d)Revivals
e)Nomination & Assignment
f)Claims
6. Organisation

a)Organizational Set-up
b)Important Activities
c)The Indian Context
d)Structure
e)Products
f)The Acturial Profession - Role in Life Insurance Companies
g)Product Pricing - Acturial Aspects
h)Distribution Channels