Need advice to turn to Indian Insurance companies

[Ketaki R]

Rahul,

Thanks for links provided. I have few questions though.

1. As I am new here, can you help me to understand this in Layman terms? - What exactly is meant by Licentiate, Assosciate, Fellowship certifactions?
2. If I have to appear for any exam/certificate, Is there any order, in which I should be appearing for it?

I liked your suggestion to start of with IT department of Insurance company. I will surely keep looking for what kind of opportunities are available.

[Manish_Kumar]

Rahul,

Thanks for links provided. I have few questions though.

1. As I am new here, can you help me to understand this in Layman terms? - What exactly is meant by Licentiate, Assosciate, Fellowship certifactions?
2. If I have to appear for any exam/certificate, Is there any order, in which I should be appearing for it?

I liked your suggestion to start of with IT department of Insurance company. I will surely keep looking for what kind of opportunities are available.

Certificate/ Diploma Courses Conducted By I.I.I
A 3 Tier Qualification from Basics to Advanced Levels in Insurance

1- Licentiate (Certificate)
2- Associateship Diploma (A.I.I.I)
3- Fellowship Diploma (F.I.I.I)

Licentiate Exams First Level (Certificate)

Eligibility: Candidates should have passed minimum 10th Standard board exams i.e. SSC/ SSLC/ matriculation or any equivalent exam.

Fresh registration: All candidates are required to register first as a new candidate for the Licentiate level with the Insurance Institute of India. Candidates receive a permanent registration number which shall prevail through all levels of the exams. Candidates cannot register for the Associateship/ Fellowship levels directly without passing the Licentiate level (3 tier qualification program)

Subject codes & Names


Exam summary
Total marks: 100, Passing: 50
Time: 2 hrs
Pattern: OMR Sheet/ Fully Objective, 1 mark for each Q

Exemptions: Candidates passing Licentiate exams under one branch will be exempted from appearing for the same subjects, while registering for the other branch, e.g. a candidate who has passed the Licentiate exams under Life Branch will be exempted from appearing in the 2 subjects 01 and 14; while having to appear in only 1 paper, namely 02.

Associateship Exams Second Level (Diploma)

Eligibility
Only candidates who have passed the Licentiate exams can appear for the Associateship exams. Registrations are done through local III branch centres or directly at the Mumbai office of III. Registrations can also be done online through the III website.

Subject codes & Names


Exam summary
Total marks: 100, Passing: 50
Time: 3 hrs
Pattern: Fully Subjective
Candidate has to pass total “6” subjects to qualify for the Associateship diploma.

Award of Diploma
On passing the Associateship exams, the candidate will be awarded an Associateship Diploma, and can apply for election as an Associate Member of III (A.I.I.I)

Fellowship Exams Third Level (Diploma)

Eligibility
Only candidates who have passed the Associateship exams can appear for the Fellowship exams. Registrations are done through local III branch centres or directly at the Mumbai office of III. Registrations can also be done online through the III website.

Subject codes & Names


Exam summary
Total marks: 100, Passing: 50
Time: 3 hrs
Pattern: Fully Subjective (Essay type answers)
Candidate has to pass total “6” subjects to qualify for the fellowship diploma

Award of Diploma
On passing the Fellowship exams, the candidate will be awarded a Fellowship Diploma, and can apply for election as a Fellow Member of III (F.I.I.I)

Important Dates
The III exams for all 3 levels are held 2 times a year, in April/ May & in October/ November. Fresh registrations for Licentiate exams & subsequent levels are generally open 4 months prior to the exams and close within 3 months from the exams.
For complete information on III exams, important dates and exam schedules, exemptions, subjects & syllabus, fees and registration; please visit the institute’s website.

Source - CIFP