Professional Courses offered by Insurance Institute of India
Insurance Institute of India is offering various professional courses on insurance. You can view the details here:- The structure of courses for various levels of examination is shown under the heading STRUCTURE OF QUALIFYING EXAMINATIONS in this Handbook.
(a) CIS EXAMINATION:
This course is aimed to enhance professional standards among the insurance agents /advisors.
(b) LICENTIATE EXAMINATION:
This is essentially an introductory course dealing with the fundamentals of Principles and Practice of Insurance (Life and Non-Life) and Regulations of Insurance Business.
(c) ASSOCIATESHIP EXAMINATION:
At this level, students may specialize in the chosen field. i.e. Life and Non-Life. The scheme of study provides knowledge of six technical subjects in the chosen branch. However, candidates will have to get familiar with the practical aspects related to these subjects.
(d) FELLOWSHIP EXAMINATION:
This is the highest level and involves advanced studies of specified areas.
(e) CERTIFICATE COURSE ON FOUNDATIONS OF CASUALTY ACTUARIAL SCIENCE:
This course deals with the basic fundamentals of General Insurance Actuarial techniques for scientific determination of premium rates.
(f) SPECIALIZED DIPLOMA ON MARINE INSURANCE:
This a specialized diploma in Marine Insurance. This deals with Marine coverages, underwriting, rating and claim aspects.
(g) SPECIALISED DIPLOMA ON FIRE INSURANCE:
This is a specialized diploma in Fire Insurance. This deals with Fire Coverages, Fire rating and Underwriting and Claim aspects o Fire Insurance.
(h) SPECISISED DIPLOMA ON CASUALTY ACTUARIAL SCIENCE:
After completion of Certificate course on Foundation of Casualty Actuarial Science, a candidate is eligible to take this course. This course deals Basic Ratemaking and Estimating Unpaid Claims Using Basic Techniques in addition to subjects IC01, IC11, A-1 and A-2.
The study courses form only the basic knowledge relating to the subject. In addition, students are expected to refer to the recommended readings. Students appearing for Associateship and Fellowship papers, will have to understand how the concepts in the study courses will apply in practical situations. They are also expected to be well aware of current developments in the industry.
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