Course Overview

Gain essential knowledge for IRDA insurance certifications with this comprehensive course. It covers industry regulations, policy types, claims processes, and ethical practices. Prepare to excel in certification exams and advance your career in insurance with practical insights and expert guidance.

Duration:

Each certification has a different timeline based on its complexity:

• Licentiate in Insurance: 3-6 months

• Associate in Insurance: 6-9 months

• Fellowship in Insurance: 1-2 years

• Certified Insurance Professional (CIP): 6-12 months

• CII Certifications: 6-12 months depending on the level

• IRDAI Insurance Agent Certification: 1-2 months

Syllabus (Semester-wise):

Licentiate in Insurance

• Semester 1:

• Principles of Insurance

• Life Insurance

• General Insurance

Associate in Insurance

• Semester 1:

• Risk Management

• Fire and Marine Insurance

• Semester 2:

• Property and Liability Insurance

• Legal Aspects of Insurance

Fellowship in Insurance

• Semester 1:

• Advanced Risk Management

• Underwriting Management

• Semester 2:

• Insurance Marketing

• Investment Management in Insurance

• Semester 3:

• Reinsurance

• Insurance Law and Regulations

Certified Insurance Professional (CIP)

• Part 1:

• Fundamentals of Risk and Insurance

• Insurance Operations

• Part 2:

• Underwriting and Claims Management

• Policyholder Services

Chartered Insurance Institute (CII) Certifications

• Part 1:

• Insurance Law

• Insurance Business and Finance

• Part 2:

• Claims Management

• Risk and Reinsurance

IRDAI Insurance Agent Certification

• Module 1:

• Insurance Basics

• Regulatory Framework

• Module 2:

• Life Insurance Products

• General Insurance Products

• Module 3:

• Ethics and Professionalism in Insurance

Average Fees:

The fees for these certifications vary depending on the institution and certification level. On average:

• Licentiate: INR 5,000 - INR 8,000

• Associate: INR 10,000 - INR 15,000

• Fellowship: INR 15,000 - INR 25,000

• CIP: INR 10,000 - INR 20,000

• CII Certifications: INR 15,000 - INR 30,000

• IRDAI Agent Certification: INR 1,500 - INR 5,000

Exams to Attend:

Each certification requires passing a respective examination conducted by the insurance regulatory body or the training institute. The exams are usually multiple-choice and cover the core syllabus for each certification. The IRDAI exam for agents is a foundational exam, whereas the Licentiate, Associate, Fellowship, and CII certifications include more advanced and specialized content.

Top 10 Ranking Institutions for Insurance Certifications in India:

1. Insurance Institute of India (III)

2. National Insurance Academy (NIA)

3. Chartered Insurance Institute (CII) - India Chapter

4. Institute of Actuaries of India (IAI)

5. Symbiosis School of Banking and Finance

6. Manipal Global Academy of BFSI

7. EduPristine

8. KPMG Insurance Academy

9. Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA)

10. Institute of Risk Management (IRM) India

Top 10 Institutions for Insurance Certifications in Kerala:

1. Insurance Institute of India - Kochi Chapter

2. National Insurance Academy - Kerala Center

3. Manipal Global Academy of BFSI - Kochi

4. TCC Learning Center - Thiruvananthapuram

5. Kerala Insurance Academy - Kochi

6. Crown Education Academy - Thiruvananthapuram

7. Kerala Academy of Financial Studies

8. Insight Academy - Ernakulam

9. Focus Professional Coaching Centre - Kozhikode

10. Credence Academy - Ernakulam