How can I get IRDA license?
In order to obtain a new surveyor license, you need to fill and submit an application form to IRDA along with the scanned copies of the supporting documents. IRDA reviews and validates the application and then, approves or rejects it.
What is IRDA license?
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.
Who can become an insurance agent?
An Insurance Agent/POS should have bachelor’s degree (graduate). However, someone who has passed out of school but has significant talent and experience in sales may also be able to become an agent. Hence, being 10th pass is the minimum requirement for becoming an insurance agent.
What is the validity of IRDA Licence?
The NOC is valid up to six months from the date of issue.
What is IC 38 in insurance?
IC 38 exam is an initial step to become IRDAI Agent/Insurance Advisor. On behalf of IRDAI (Insurance Regulatory and development Authority of India, Insurance Institute of India (III), conducts this pre recruitment qualification examination. 35% marks are required to pass the exam (minimum 18 marks).
What is the minimum qualification to become an agent?
To be a LIC agent, your educational qualification should be at least 10th pass and the age should be minimum 18 years. Earlier, it was necessary to have 12th pass certificate to become an agent.
Is Exide Life Insurance under IRDA?
In May 2014, following the approvals from Insurance Regulatory and Development Authority (IRDA) and the Ministry of Corporate Affairs, the name of ING Vysya Life Insurance Company Limited was changed to Exide Life Insurance Company Limited (Exide Life Insurance) with immediate effect.
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.
What are IrDA Regulations 2000 & IrDA 2002?
IRDA (Licensing of Insurance Agents) Regulations, 2000 & IRDA (Licensing of Corporate Agents), 2002 : These Regulations provide for the conditions of licensing for individual insurance agents under Section 42. The Regulations cover the following:
How to become a composite insurance agent under IrDA?
Provided that in the case of a corporate agent, the identity card shall be in Form IRDA-Agent-VY. Provided further that such identity card from one life insurer and such identity card from one general insurer shall be provided to the applicant seeking licence to act as a composite insurance agent.
How to renew IrDA license after expiry?
Qualifying IRDA Exam will get an applicant a License of Insurance which will be valid for a period of 3 years. Post expiry of that license, that candidate will need to attend a 25-hour physical training course to extend it again up to a period of 3 years. They will be issued a Renewal Certificate for it. To safeguard the interest of policyholders.