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Certifications in Insurance .

INSURANCE CERTIFICATION (LIFE / GENERAL) LICENTIATE / ASSOCIATE / FELLOW

Program Overview

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

Life Branch
01 Principles of Insurance
02 Practice of Life Insurance
14 Regulation of Insurance Business

Non-Life Branch
01 Principles of Insurance
02 Practice of Non-Life Insurance
14 Regulation of Insurance Business

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

Life Branch
21 Information Technology
22 Life Insurance Underwriting
23 Application of Life Assurance
24 Legal Aspects of Life Assurance
25 Life Assurance Management
26 Life Assurance Finance

General Branch
21 Information Technology
57 Fire and Consequential Loss Insurance
67 Marine Insurance
72 Motor Insurance
78 Miscellaneous Insurance
79 Liability and Engineering Insurance

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

Life Branch
81 Mathematical Basis of Life Assurance
82 Statistics
83 Group Insurance and Retirement Benefit Schemes
88 Marketing and Public Relations
90 Human Resource Management

OPTIONAL (ANY 1 OF THE FOLLOWING)
97 Legal Aspects of Industrial Relatio
98 Advanced Information Technology
99 Asset Management

General Branch
85 Reinsurance
86 Risk Management
87 Law & Economics of Insurance
88 Marketing & Public Relations
90 Human Resource Management


OPTIONAL (ANY 1 OF THE FOLLOWING)
89 Management Accounting
97 Legal Aspects of Industrial Relations
98 Advanced Information Technology
99 Asset Management

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

www.insuranceinstituteofindia.com