|Home Glossary SiteMap Contact Us|
The Insurance Institute of India (Regd.) holds the Inspector's (General Insurance), certificate in Insurance Salesmanship (Agents), Licentiate, Associateship and Fellowship Examinations.
Membership : The examinations are open only to the members of the Associated Institutes. Persons residing or working at a place where there is an Associated Institute have to be members of that Institute only. The Associated Institutes have their own scales of membership fees reckoned for the financial year; information thereon can be had from the Honorary Secretary of the Institute concerned. Persons who reside or work at a place where there is no Institute can become members of an institute nearer to their place of residence or work.
A candidate must mention in his examination entry form the name of the Institute of which he is a member, his membership number and the receipt number of the membership subscription paid for the current year.
Minimum qualification: A candidate will be eligible to enter for the Licentiate Examination if he has:
Successfully completed Matriculation, S.S.L.C., S.S.C. or any equivalent examination; OR
Not passed such examination but has worked either in the field or in an insurance office for a period of 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
Scheme of study: A candidate is expected to study the course contents in depth and also assimilate general information relevant to the prescribed subject, However, the extent of study required to be made at each level of examination is generally as follow:
CIS and Inspector's Examinations: These being courses to professionalise the development personnel in the industry, the basis of Principles and Practice of Insurance (Life and Non-Life)(separately) and Salesmanship are to be mastered.
Licentiate Examination: Only the fundamentals of Principles and Practice of Insurance (Life and Non- Life) and Insurance Business Environment are to be grasped fully. This is essentially an introductory course.
Associateship Examination: Specialisation comprising of live technical subjects and one common subject, i.e. "information Technology" in any chosen branch is the approach at this level of examination. However, it is necessary that candidates should have comprehensive knowledge of technical subjects and related problems in each branch.
Fellowship Examination: This is the
highest level and involves advanced studies of prescribed areas. Study
courses form only the broad basis of Examination. It is necessary to refer
to the recommended readings mentioned in Appendix 'D'. Further , stress is
laid on application of acquired knowledge to a given situation or problem or
case studies, involving additional reading as well.
Pattern of questions:
In respect of CIS and Inspector's Examination, generally, the papers will be of objective type. For Licentiate Examination, three questions will be of objective nature and the rest will be subjective. As far as other Examinations are concerned, namely, Associate ship & Fellowship, the questions will be subjective, but problems and case studies will also be involved.
Optional Use of Hindi:
The question papers for Inspector's, CIS, and Licentiate & Associateship Examination will be set bilingually i.e. Hindi & 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 candidates at Fellowship level in Papers 83,85,86,87, 88,90, 97 and 98 will have the option to answer in Hindi or English. Answering the papers partly in Hindi and partly in English will not be permitted for administrative reasons and to ensure that the results are declared in time.
Candidates at Fellowship level in
Papers 81,82 and 89 will have to answer in English only.
Candidates for CIS Examination (Life Branch) may write the answers in selected major regional languages viz. Assamese Bengali, Gujarati, Kannada, Malayalam, Marathi, Oriya, Punjabi, Tamil and Telugu besides Hindi.
Note: Candidates should state the medium of answering the papers while filling the form and that the Registration number should be written in English only.
Candidates registering for examinations for the first time are required to pay a fee of Rs.10/- towards Examination Handbook.
Candidates whose time limit to complete the examination is in force, are required to preserve the computer entry form carefully and submit it for appearing for the remaining subject (s) of the examination or the next higher examination. If, for any reason, candidates are unable to submit the computer entry form, they are liable to pay processing fee of Rs.50/-. Such candidates are required to furnish relevant details like Registration Number, Examination Center, year and the Subject Number they wish to appear for, on a plain paper or processing form with processing fee of Rs.50/-. In case of candidates who have appeared for immediate past Licentiate/CIS exam, while they have to fill in the processing forms, the processing fee of Rs.50/- will not be charged.
Candidates who have completed Licentiate in Life Branch are NOT allowed to change over to Licentiate in Non-life branch with the benefit of passing in Paper Nos.01 and 12 and vice versa without the permission of the Institute. Such candidates will be required to pay Examination fee @ Rs.100/- for allotting new registration number. They will be required to fill in new entry form and allotted new registration number. It will be necessary for them to show the old registration number in order to grant them the benefit of passing in Paper Nos. 01 and 12. The old registration number will stand cancelled.
Issue of identity card :
Candidates for all examinations of the Institute should produce
Identity Cards issued by Insurance Institute of India before they appear for
the examination. New entrants for Inspectors, CIS and Licentiate examinations
should entrants for Inspectors, CIS and Licentiate examinations should pay the
fee of Rs.100/- for issuing an Identity Card (which includes the registration
fee). Time limit exceeded cases are treated on par with new entrants for this
purpose. For Issuing a duplicate identity Card, a fee of Rs.15/- is payable.
No exemption is available in Paper No.12 i.e. Insurance Business Environment (Licentiate Examination Revised).
Candidates who have already been granted exemption in Old paper NO.12 i.e. Elements of Modern Commerce (Licentiate Exam Upto April 99) will continue to enjoy exemption till the end of 4 years from the date of 1st exemption.
Candidates should pass the vocational course i.e. Life or Non-Life with a minimum of 50% marks in each subject in their First attempt.
Certified Xerox copy of marks sheet be enclosed with the normal examination entry form for Associateship with a covering letter for claiming exemption from entire Licentiate Examination.
Remit Rs.300/- (Covering 3 subjects) towards Exemption fee. Besides, enroll as a member of the Local Insurance Institute or include Rs.15/- for Annual Membership or Rs. 150/- towards Life Membership on/or before 3rd July.
Pay the Examination fee @ Rs.100/- per subject for Associateship + Rs.100/- towards Registration fee and Rs.10/- towards cost of Examination Hand Book.
Candidates should forward directly the Examination Entry form under Vocational Insurance Courses along with all requirements and fee by Demand Draft favouring Insurance Institute of India, Mumbai. The candidates who are not able to submit the form within the normal due date should include late fee of Rs.50/-. However, no forms will be entertained after the closing date with late fee.
Only candidates who have passed the Licentiate Examination would be eligible to take up the Associateship Examination
Candidates desiring to proceed with the Associateship Examination after having completed the Licentiate Examination in the Life Branch can do so in Life Branch only, whereas the candidates who have passed the Licentiate Examination with Non-Life subjects can take any one of the Non-Life Branches at Associateship.
The Associateship Examination in each of the Life, Fire, Marine, Miscellaneous or General branches consists of six subjects. A candidate can enter for only one branch at any one examination.
Change of Branch at
Associateship Examination: A candidate having registered for a particular branch will not be allowed to change the branch at the subsequent examination without the permission of the Institute, which may be granted, subject to certain conditions. Candidates who desire to opt for a change of branch or specialisation of branch(s) may submit a specific request well before the submission of new entry forms.
Candidates who have completed Fellowship only will be allowed to appear at some other specialised Branch of Associateship (Non-Life Branch) with the specific permission of the Institute and subject to the conditions prescribed by the Institute.
Further, such candidate on completion of the specialised Branch will be eligible to get only letter of passing to that effect and not another diploma.
The Fellowship examination is open to Associates (duly elected) of the Institute only. The Fellowship examination consists of six subjects.
Associates of Chartered Insurance Institute London, whose diploma is in force, can appear at the Fellowship examination of the Institute only on obtaining its Associateship diploma.
An Associate of the Institute seeking entry for the Fellowship examination should state in his entry form his Associateship number and the receipt number of the current year's subscription paid. A candidate who has passed the Associateship Examination but is not elected as an Associate must submit his election application form with the requisite fee along with the entry form.
Associates who are already elected will be required to pay the arrears, if any, of the Associateship and Membership fees before their entry form for Fellowship Examination can be considered.
Requirement for a Pass: A candidate who obtains 50% or more marks in any one subject will be declared as having passed in that subject. If candidate enters for more than one subject, his result in each subject will be determined without regard to his result in any other subject.
If a candidate obtains at least 75% of the maximum marks in any subject, he will be deemed to have passed with Distinction in that subject
Four years of eight consecutive chances from the date of first entry for the examination Individual papers passed earlier lapse after this time limit, and also the exemption granted earlier.
Note:Candidates who have not qualified in the above examination, within the time limit, and who wish to appear for the examination, will have to submit fresh entry forms with the requisite fees (including Registration fee). The eligible candidates have to apply for fresh exemption with the requisite fee.
CIS , Associateship &
Fellowship: No time limit.
Admission cards will be posted by ordinary post about two weeks prior to the beginning of the examinations, to every registered candidate. A candidate who has not received his Admission Card in time must immediately get in touch with the local Insurance Institute of which he is a member & presiding Officer of the Centre opted by him. The Institute will not be responsible for postal delay, non-delivery or loss in transit of Admission Cards.
In case of delay or non-receipt of Admission Cards, omission of subjects, candidates are advised to approach the local Institute or the Presiding Officer for guidance, with examination fee receipt and an Identification certificate issued by the employer.
Candidates should carry with them the Identity Card issued by Insurance Institute of India to the Examination Hall.
According to the time-table, candidates may be required to write two papers per day including Sunday and Holiday.
While submitting the entry form and selecting the subjects, the candidates must satisfy themselves that there is no clash, in the time-table for the subject opted by them. In the event of a clash, candidates should select a different subject if an optional one is available. Wrong or unsuitable selection will not entitle a candidate, to claim refund or carry forward of entry fees. Writing wrong paper will not be evaluated. In such cases, no refund or carry forward of fees will be permitted.
The Board of Education reserves the right to alter and/or amend the dates and programmes of the examinations. Such changes or alteration will be announced by a press note. Candidates will not be advised individually. No application for refund of the fee will be accepted on the ground of postponement or changes in the Examination schedules.
Certificate of Attendance:
The Certificate of Attendance will be issued to all candidates who appear
for Institute's examination at the listed centres, by the Presiding Officers or by the authorised
invigilators. No request for separate certificate will be entertained either by the Institute or by the
Associated Institute later.
Change of Centre/Subject/Branch: A candidate will not be allowed to change the centre/subject( s)/branch indicated by him in the entry form submitted for examination. Error in the submission of entry form will not entitle the candidate to claim either refund or adjustment of entry fees paid by him. The fee paid shall be forfeited in such circumstances. The candidates must therefore fill in the entry forms with the utmost accuracy. No letter or communication of any type should be sent along with the entry form.
Change of address: While intimating the change of address, candidates must give their old address besides the name of the Centre, registration no. and the name of the Institute which they are members.
Withdrawal from Examination : 50% of the examination entry fee will be refunded if application for withdrawal from examination reaches the Institute's office at Mumbai, on or before the prescribed dated given on page no.5, All such requests should be addressed and sent directly to the Institute and not through the local Associated Institutes.
If it is discovered that a candidate is not eligible to enter for the examination or is eligible only on completion of certain formalities which he has failed to comply with, he may not be allowed to sit for the examination. In such cases, the entry fee will not be refunded or adjusted under any circumstances.
Table of Fees:
Remittance of fees should be made by Demand Draft/Money
Last Date of Entry:
Candidates must pay the prescribed fees and submit entry forms within the scheduled date to their local Institutes only. Forms forwarded directly to Insurance Institute of India, are liable to be rejected.
The new entrants for the examinations should submit the perforated new entry forms attached with the Examination Hand Book through the Associated Institutes only, along with the necessary fees. However, repeaters whose time limit to complete the examination is still in force, should submit computer Entry Form ( a part of Result Intimation) only.
Publication of Results:
The examination results will be announced normally not later than in January
for October examination and in June for April examination. Candidates will be advised of their
performance in the examination by ORDINARY POST only. The candidates who do not receive
the result intimation by the end of July for April examination and by the end of February for
October examination, should write to the Secretary-General of the Insurance Institute of India at
Mumbai for a duplicate copy. No request for issue of duplicate copy will be entertained
Liability of Insurance Institute of India
Under any circumstances, the liability of the Insurance Institute of India shall be limited to a refund of examination fee paid for the concerned examination.
However, candidates awaiting results of Certificate in Insurance Salesmanship and Licentiate Examination may submit their provisional entry forms and fees on or before the last date of paying the fees if the results are not received by them in time, for whatsoever reason. Processing fee need not be paid in such cases.
In all cases, the Board's decision regarding success or failure of a candidate shall be final. No request for re-evaluation of papers and reconsideration of the result will be entertained. However, requests for re-checking of the result of a failed subject, i.e. re totalling of marks and verifying that no question is left unevaluated in the paper or papers in which a candidate has failed will be entertained. Request for break-up of marks question wise will not be entertained.
Candidates who wish to take advantage of the facility of recheck of marks should apply before the prescribed date with a remittance of Rs.50/- per subject, through Bank Draft or Money Order giving details such as the Registration Number, the Centre of Examination, Address for communication and the Subject or Subjects for which re-checking is required.
|Policies | Compare Policies | MyBima | E-Agent | Bima Quiz | Careers | Premium Calculator | Personal Finance | Tax Planner | Surveyors | Bonus Calculator | Agents Search | BookPoint | Insurers | Message Board | Basics | Site Map | Contact Us | Articles | ProposalForms | NewKids | Bimaonline in News | Tips | GuestBook | FAQs | NRI Center | Greetings | News Updates | Events | Debate Corner | Bima Stats | Insurance Rules | Bima Fun | Glossary | Insurance Guide | Consumer Corner | Home|
|DISCLAIMER Copyright © 2000. Bimaonline.com All rights reserved|