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May 12th, 2016, 03:23 PM
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Courses by IRDA
Can you provide me the Broad Syllabus (Life Insurance) for ATI (Agent Training Institutes) in IRDA (Insurance Regulatory and Development Authority)? The Broad Syllabus (Life Insurance) for ATI (Agent Training Institutes) in IRDA (Insurance Regulatory and Development Authority) is as follows: 1 INTRODUCTION TO INSURANCE a) What is Insurance. b) Purpose and Need of Insurance. c) Insurance as a social security tool. d) Role of Insurance in economic development. e) Advantages of Life Insurance. 2. INSURANACE AGENCY AS A CAREER a) Definition of an Agent. b) Agents’ Regulations. c) Other intermediaries d) Methods of remunerating agents. e) Procedure for becoming an Agent. 3. PRINCIPLES OF LIFE ASSURANCE a) Life Insurance contract. b) Principle of utmost Good faith. c) Insurable Interest. d) Principle of Indemnity. e) Needs and Insurance. 4. PREMIMUM AND BONUSES a) What is Premium. b) Premium calculation and Actuarial valuation. c) Bonus. 5. LIFE INSURANACE PRODUCT a) Traditional / Unit Linked Policies. b) Individual and Group Policies. c) With Profit and Without Profit. d) Types of Insurance Products as Whole Life Products, Interest sensitive product, Term Assurance. e) Annuities, Endowment Assurance etc. f) Insurance Products for Female and Children etc. 6. UNDERWRITING a) Introduction b) Classification of Risks. c) Financial Underwriting. d) Non-medical underwriting. e) Underwriting by Agents. f) Recent Trends. 7. INSURANCE DOCUMENTS a) Insurance Documents including Proposal Forms and other relevant Forms. b) First Premium Receipt / Renewal Premium Receipt. c) Policy Contract, Endorsement, Renewal Notice / Bonus Notice, other Insurance documents. 8. POLICY CONDITIONS a) Age, Days of Grace, Lapse and Non-forfeiture, Paid up value, Revival, Assignment. b) Nomination, Surrenders and Loan. c) Indisputability of the Policy. d) Married Women’s Property Act Policy. 9. CLAIMS a) Intimation Procedure. b) Claims Documents- Forms. c) Settlement Procedure. d) Accident and Disability Benefits. 10. GROUP INSURANCE a) Special, Legal / other features of Group Insurance. b) Superannuation Schemes. c) Group Insurance Scheme EDLI and Non-EDLI. d) Group Gratuity Scheme, Group Leave Encashment Schemes. e) Retirement Schemes. 11. RURAL AND SOSCIAL SECTORS a) Legal Provisions. b) Rural Sector. c) Social Sector. d) IRDP. e) LALGI. f) K.SS.S.Y. / S.S.Y. 12. ORGANISATION STRUCTURE a) Organisational setup. b) Important activities. c) Indian contest. d) Structure – Branch Offices, Brokers, Direct Selling, New Companies, Internal organizations Broad Syllabus (Life Insurance) for IRDA Last edited by Neelurk; June 30th, 2020 at 05:45 PM. |