Duration:
Each certification has a different timeline based on its complexity:
Licentiate in Insurance: 3-6 months
Associate in Insurance: 6-9 months
Fellowship in Insurance: 1-2 years
Certified Insurance Professional (CIP): 6-12 months
CII Certifications: 6-12 months depending on the level
IRDAI Insurance Agent Certification: 1-2 months
Syllabus (Semester-wise):
Licentiate in Insurance
Semester 1:
o Principles of Insurance
o Life Insurance
o General Insurance
Associate in Insurance
Semester 1:
o Risk Management
o Fire and Marine Insurance
Semester 2:
o Property and Liability Insurance
o Legal Aspects of Insurance
Fellowship in Insurance
Semester 1:
o Advanced Risk Management
o Underwriting Management
Semester 2:
o Insurance Marketing
o Investment Management in Insurance
Semester 3:
o Reinsurance
o Insurance Law and Regulations
Certified Insurance Professional (CIP)
Part 1:
o Fundamentals of Risk and Insurance
o Insurance Operations
Part 2:
o Underwriting and Claims Management
o Policyholder Services
Chartered Insurance Institute (CII) Certifications
Part 1:
o Insurance Law
o Insurance Business and Finance
Part 2:
o Claims Management
o Risk and Reinsurance
IRDAI Insurance Agent Certification
Module 1:
o Insurance Basics
o Regulatory Framework
Module 2:
o Life Insurance Products
o General Insurance Products
Module 3:
o Ethics and Professionalism in Insurance
Average Fees:
The fees for these certifications vary depending on the institution and certification
level. On average:
Licentiate: INR 5,000 - INR 8,000
Associate: INR 10,000 - INR 15,000
Fellowship: INR 15,000 - INR 25,000
CIP: INR 10,000 - INR 20,000
CII Certifications: INR 15,000 - INR 30,000
IRDAI Agent Certification: INR 1,500 - INR 5,000
Exams to Attend:
Each certification requires passing a respective examination conducted by the
insurance regulatory body or the training institute. The exams are usually multiple-
choice and cover the core syllabus for each certification. The IRDAI exam for agents
is a foundational exam, whereas the Licentiate, Associate, Fellowship, and CII
certifications include more advanced and specialized content.
Top 10 Ranking Institutions for Insurance Certifications in India:
1. Insurance Institute of India (III)
2. National Insurance Academy (NIA)
3. Chartered Insurance Institute (CII) - India Chapter
4. Institute of Actuaries of India (IAI)
5. Symbiosis School of Banking and Finance
6. Manipal Global Academy of BFSI
7. EduPristine
8. KPMG Insurance Academy
9. Indian Institute of Insurance Surveyors and Loss Assessors (IIISLA)
10. Institute of Risk Management (IRM) India
Top 10 Institutions for Insurance Certifications in Kerala:
1. Insurance Institute of India - Kochi Chapter
2. National Insurance Academy - Kerala Center
3. Manipal Global Academy of BFSI - Kochi
4. TCC Learning Center - Thiruvananthapuram
5. Kerala Insurance Academy - Kochi
6. Crown Education Academy - Thiruvananthapuram
7. Kerala Academy of Financial Studies
8. Insight Academy - Ernakulam
9. Focus Professional Coaching Centre - Kozhikode
10. Credence Academy - Ernakulam
