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  #2  
6th November 2014, 08:32 AM
Super Moderator
 
Join Date: Apr 2013
Re: Syllabus IRDA Exam

As you want I am here providing you the syllabus of the General Insurance of the Insurance regulatory and development authority exam.

Syllabus :

1.INTRODUCTION TO INSURANCE
a)What is Insurance.
b)Purpose and Need of Insurance.
c)How Insurance Works.
d)The Business of Insurance – Pooling of Rises & Resources.
e)Insurance as a Social Security Tool.
f)Role of Insurance in Economic Development.

2.FUNDAMENTALS / PRINCIPLES OF GENERAL INSURANCE
a)Contract of Insurance.
b)Condition necessary for a contract.
c)Contractual Duty.
d)Contribution under Policy conditions.

3.INSURANCE DOCUMENTS
a)Proposal Forms.
b)Policy Forms.
c)Cover Notes.
d)Certificate of Insurance.
e)Endorsements.
f)Renewal Notice.
g)Other Insurance Documents

4.THEORY AND PRACTICE OF RATING
a)Basis of Rate Making.
b)Tariffs.
c)Market Agreements.
d)Role of the T.A.C.

5.LEGISLATIVE AND REGULATORY MATTERS
a)Insurance Act, 1938.
b)The Insurance (Amendment) Act, 2002.
c)General Insurance Business (Nationalisation) Amendment Act, 2002.
d)I.R.D.A. Regulations, 2002.

6.FIRE INSURANCE
a)The Standard Fire & Special Perils Policy.
b)Terrorism Cover.
c)Tariff System.
d)Special Policies.


7.MARINE INSURANCE


a) Marine Policies
b) Duration of cover
c) Claims

8.MOTOR INSURANCE


a) Motor Vehicles Act, 1988
b) Personal Accident Cover for Owner-Driver
c) theft Claims

9. PERSONAL ACCIDENT I NSURANCE

a) Types of Disablement
b) Claims
c) Extended coverage


10. HEALTH INSURANCE

a) Mediclaim Policy (Individual0
b) Domiciliary Hospitalisation Benefit
c) Bhavishya Arogya Policy


11.LIABILITY INSURANCE

a) Compulsory public liability Policy
b) Products liability Policy
c) Employer Liability Policy

12. ENGINEERING INSURANCE

a) Contractors All Risks (C.A.R.)Policy.
b)Marine-Cum-Erection (MCE) Policy.
c)Machinery loss of Profits (MLOP) Policy
d)Advance Loss of Profits (Alop) Polocy
e) Electronic Equipment Policy

13. MISCELLANEOUS INSURANCE-1

a)Burglary Insurance
b)Baggage Insurance
c)Fidelity Insurance
d)Television Insurance
e)Householders Insurance
f)Shopkeepers Insurance



14. MISCELLANEOUS INSURANCE-2

a) Banker’s Insurance Policies
b)Jeweller’s Block Policies
c)Sport Insurance
d)Special contingency Policy


15. CLAIMS

a)Legal Aspects
b) Surveyors and Loss Assessors
c)Claims documents
d) Loss Minimisation

16. RURAL INSURANCES

a)Rural policies
b)The Role of government
c)Cattle insurance

d) Poultry Insurance
e) Inland Flsh Insurance Schemes
f)Agricultural Pump Set Policy
g) Hut Insurnace


17. 0BLIGATIONS OF INSURERS TO THE SOCIAL SECTOR
a)definition of Social Sector
b)Nature and levels of indemnity


18. RISK MANAGEMENT

Risk management is a new managerial discipline which has become a part of business management in many corporate firms.
a)Risk identification
b)Risk evaluation
c)Risk Avoidance

d) Implementation
e) Review of results

19. PERSONAL DEVELOPMENT

1)Product knowledge
2) customer orientation
3) Business target
4) Personal growth
5) Records and review

20. BEHAVIOURAL ASPECTS

a) Motivation
b) Moral
c) Communication skills
d) Persuasive skills
e) Analytical Liability
f) Behaviour with others

21.MISCELLANEOUS INSURANCE

22. FUNDAMENTALS OF AGENCY LAW
a) Definition of an Agent
b) InsuranceAgent under Insurance Act 1938
c) What is bancassurance

23. PROCEDURE FOR BECOMING AN AGENT

a) IRDA (Licensing of Insurance Agent) Regulations 2000
b) prerequisite for obtaining alicence
24. FUNCTIONS OF THE AGENT
a) proposal and other forms.

25. ORGANIZATIONS
26. SALESMANSHIP
27. INFORMATION TECHNOLOGY
a) Intranet and Internet

b) Benefits to Policy
c) Benefits to Policy holders/prospects
  #3  
29th February 2016, 08:15 AM
Unregistered
Guest
 
Re: Syllabus IRDA Exam

Hello sir, I am Pawan Anra. I want to make my career in insurance sector. I am preparing for IRDA exams. Can you provide me some information regarding the syllabus for IRDA exam?
  #4  
29th February 2016, 08:16 AM
Super Moderator
 
Join Date: Apr 2013
Re: Syllabus IRDA Exam

As you have asked about the syllabus for IRDA, I am providing you information about it

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 organisations.
e)The Actuarial Profession.


13. LIFE INSURANCE MARKETING
a)Marketing concept.
b)Distribution Channel.
c)The Customer.
d)Strengthening Relationship.
e)Function of an Agent.
f)Advertisement.
g)Customer Satisfaction.


14. ROLE OF AN INSURANCE AGENTS
a)What is Insurance Agent.
b)Selling Process.
c)Pre-approach, Interview, Objection, Closing, Service, Ethical behaviour.
d)Consumerism in Insurance.


15. PERSONAL DEVELOPMENT
a)Scope.
b)Product Knowledge.
c)Customer Oriented business target.
d)Time Management.
e)Long-Term Relationship.
f)Motivation, Morale.
g)Communication Skill.
h)Behaviour with others.


16. LAW AND REGULATIONS
a)Insurance Act, 1938.
b)L.I.C. Act, 1956.
c)IRDA Act, 1999.
d)Consumer Protection Act, 1986 (COPA)
e)Ambudsman, Other Acts, (Income Tax Act, MWP Acts.)
f)Financial Planning & Taxation.
g)UTI Mutual Funds and Shares.


17. INFORMATION TECHNOLOGY
a)Introduction.
b)Internet of Intranet
c)Benefits to Agents & Policy Holders.
d)KIOSKS.
e)I.T. in Rural Market.


18. IRDA Licensing of Insurance Agents, Regulation 2000

19. IRDA Licensing of Corporate Agents Regulation 2002

20. IRDA Insurance Brokers Regulation, 2002

21. Bancassurance (Supplement)


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