Sage-Tips

How do I become an IRDA trainer?

After registration, you are required to undergo mandatory training for twelve months. Post completion of training, you have to appear for an examination conducted by III – Insurance Institute of India. On successfully passing the examination, you can apply for the Fresh License with IRDA.

What is the fee for Irdai examination?

250/- and Exam Fee per Paper is Rs. 300/-, payable by Demand Draft only drawn in favour of “Insurance Institute of India, payable at Mumbai. 10. If you have a Surveyor license issued by the Authority (IRDA), please state category: .

What is the benefits of IRDA exam?

To ensure the fair dealing of insurance policies in the market. To safeguard the interest of the policyholders in India. To keep an eye on the frauds and scams found in the insurance market. To implement the rules and regulations of IRDA for the safety and benefit of customers.

What is the qualification for IRDA exam?

The minimum Qualification for IRDA exam is Bachelor’s Degree, i.e. the aspirants must have at least passed Graduation with a minimum aggregate of 60\% marks. IRDA Exam Age Limit: The minimum age of a candidate to appear for IRDA exam Assistant Manager Post is 21 years, and the upper age limit for the same is 30 years.

How do I get my IRDA training ID?

To register for examination, it is mandatory to generate training completion certificate on the website www.insuranceinstituteofindia.com under IRDAI Examinations menu. ➢ Step 6 : For examination registration, Batch Id can be generated on www.iiiexams.org portal by the Corporates/Companies.

How do I become an IRDA general insurance agent?

The applicant shall have to undergo atleast 100 hours’ training in life or general insurance business and the time allotted for composite training shall atleast 150 hours’, where such applicant is seeking licence for the first time to act as an insurance agent.

Is IRDA exam tough?

practical learning with simultaneous reading of books make it easier for the candidate to pass the examination effortlessly. I would say the IRDA examination is not at all tough, It’s like a normal examination for any subject. The format of the examination is MCQ with 60\% passing marks with no negative marking.

How can I pass IRDA exam?

1. Passing 35\% =18 (even you score 17 marks ,One mark will be given as grace )
2. Strategy To Pass this IC 38 LIC agent Exam.
3. Obtain Minimum Marks.
4. First Solve 10 question minimum——————10.
5. Tick Ans “C” option remaining 40 Question———–10 (Probability)
6. Total Obtain Marks=======20(Passed)

Can we give IRDA exam from home?

Covid impact “IRDAI has rolled out proctored exam which can be done on any device. Candidates can sit at home and take tests. “The new model will allow candidates to sit at home and take the exam.

What is the passing marks for IRDA exam?

35\% marks are required to pass the exam (minimum 18 marks). There is no negative marking system; hence no any question should be left unanswered.

How can I get IRDA Licence?

IRDA reviews and validates the application and then, approves or rejects it….To apply for a New License:

1. Click Trainee tab.
2. Click Licensing tab.
3. Click New License. The New License Application (Form 1-AF) is displayed. All the mandatory fields in the form are marked with an asterisk (*).

How to become a life insurance agent in India?

To become Life Insurance Agent in India a candidate should pass IRDA IC 38 Pre recruitment qualification exam. To become General Insurance Agent in India a candidate should pass IRDA IC 38 Exam. Who conducts Agent Pre recruitment exam?

What is IrDA – individual agents?

IRDA – Individual_Agents. An individual agent is one who has undergone requisite training, passed an examination and been duly licensed by IRDA to sell insurance polices to the public and provide after-sales service including assisting at the time of a claim. His licence may be for life insurance, general insurance or both.

How to renew IrDA-agents-VA license?

IRDAI insurance agent can represent one life insurance Company and one non-life insurance company and can also represent one standalone health insurance Company (SAHI Company). A person desiring to renew licence; should make application to designated person in Form IRDA-Agents-VA.

How to prepare for IRDAI exam?

Now, in-house trainings are arranged by respective Insurance Companies which helps to prepare for IRDAI examinations.. Applicant seeking license for the first time to act as composite insurance agent will have to complete 75 hours of training.