Upon certification, candidates can pursue various roles in the insurance industry, including Assistant Administrative Officer, Insurance Surveyor, Risk Manager, Underwriter, Claims Adjuster, Actuary, Insurance Consultant, and more. Potential employers include numerous Life Insurance and Non-Life Insurance companies across the country.
The Insurance Institute of India (III) offers exams that certify and train candidates in different aspects of the insurance industry. These exams are divided into two main streams: Life Insurance and General Insurance, with each stream comprising three papers. These include Principles of Insurance (IC 01), Practice of Life Insurance (IC 02), and Regulation of Insurance Business (IC 14), among others. The Principles of Insurance and Regulation of Insurance Business papers are common across both streams.
III exams play a pivotal role for those aspiring to build a career in the insurance sector in India, as they assess an individual’s proficiency and understanding of the industry. The Licentiate exam, which is the foundational step, marks the beginning of a rewarding career at an insurance company. Individuals who have completed their S.S.C. or an equivalent examination and are at least 18 years old are eligible to register for this exam.
The Licentiate exam serves as an introductory course, while the Associate ship program is more specialized, involving five technical subjects and a common subject on Information Technology. The Fellowship level represents the highest level of qualification, focusing on advanced studies in the specified fields.