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| The applicant should possess the minimum qualification of a pass in 12th Standard or equivalent examination conducted by any recognised Board/Institution, where the applicant resides in a place with a population of five thousand or more as per the last census, and a pass in 10th Standard or equivalent examination from a recognised Board/ Institution if the applicant resides in any other place.
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(1) The applicant will have to complete 100 hours training in general insurance from an approved institution. This will be 150 hours for agents seeking a licence for both life and general insurance.
The requirement for training is 50 hours in case the applicant possesses any of the following qualifications:
Associate/Fellow of the Insurance Institute of India, Mumbai;
Associate/Fellow of the Institute of Chartered Accountants of India, New Delhi;
Associate/Fellow of the Institute of Costs and Works Accountants of India, Calcutta;
Associate/Fellow of the Institute of Company Secretaries of India, New Delhi;
Associate/Fellow of the Actuarial Society of India, Mumbai;
Master of Business Administration of any Institution / University recognised by any State Government or the Central Government; or
Professional qualification in marketing from any Institution / University recognised by any State Government or the Central Government --
For such agents seeking life and general insurance (composite) licence the training period will be 70 hours.
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After completion of practical training the applicant has to pass a prerecruitment examination which is conducted by the Insurance Institute of India, Mumbai.
(Full details available on the IRDA website www.irdaindia.org
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If you meet the minimum qualifications please visit the office of our company nearest to you (Divisional Office/Branch Office/Regional Office). The addresses of our offices are available on this website.
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Please approach the Officer In-charge and give him an application on plain paper. After a preliminary scrutiny and brief interaction with you the concerned officer would proceed with your application based on your suitability. Training would be arranged by the office at a nominal charge. The fees for the licence is fixed by IRDA (currently Rs.250/-).
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