A group charged with creating programs and examinations in insurance and related subjects, such as underwriting, adjusting, and risk management.

An institution offering a variety of insurance diplomas after the successful completion of certain examinations.

Non-profit educational Institute that develops and administers programs leading to designation in risk management, claims, Underwriting loss control and other Insurance functions.

The educational body of the general insurance industry. It consists of an association of provincial institutes. Among other things, it conducts correspondence courses, holds annual examinations, and grants diplomas.

The Insurance Institute of India formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) was established in the year 1955, for the purpose of promoting Insurance Education & Training in the country. Institute qualifications are held in esteem both by the regulator and the industry. To impart systematic insurance education, training and creating avenues for research and development in the field of insurance and insurance auxiliary services thus developing highly efficient and skilled insurance professionals to serve the humanity in India and abroad. III has almost become a hub of Insurance, Health, Actuarial and Risk Management education in Afro-Asian Countries and raise the bar of efficiency and knowledge across the insurance industry. III is also providing cutting-edge research, documentation, dissemination of information to individuals, corporate, regulators and millions of users of insurance. The Institute conducts Licentiate, Associate ship and Fellowship Examinations covering more than 50 subjects. The Institute also conducts examinations for specialized diplomas in Fire, Marine, Health, Life Insurance Underwriting & Foundation of Casualty Actuarial Science, Certificate course on Foundation of Casualty Actuarial Science and Certificate Programme in Advanced Insurance Marketing. The Professional Examinations are conducted offline as well as Online. Insurance Institute of India is recognized by IRDAI as a training center for pre/renewal licensing training for Brokers, Insurance Marketing Firms (IMF) Corporate Agents and to conduct exam for PO/SPs of Corporate agents.

A person through whom an insurance contract is effected. It normally refers to an insurance broker and/or an agent of an insurer such as a coverholder.

“Anyone Accident” – Minimum equal to “Paid-up capital up to maximum of Rs. 5 crores. “Anyone year” – up to a maximum of Rs. 15 Crores. Liability Beyond Insurance Limit: To be met by Environmental relief fund (ERF) Further liability beyond total of Insurance and ERF – to be borne by the owner. Contribution to relief fund: equal to insurance premium to be paid to the underwriting company. Limit of Indemnity: single limit to be selected not below the paid-UP CAPITAL of the insured up to a maximum of Rs. 5 crores. Measure of Indemnity: No fault basis. (a) Death and TPD: Rs. 25,000/- (b) PPD: on the basis of Percentage of disablement as Certified by authorized physician. (c) Loss of wages due to TPD not exceeding Rs. 1000/-per month up to maximum of 3 months subject to hospitalization exceeding 3 days and victim being above 16 years of age. (d) Medical Expenses up to Rs. 12,500/- additional in all above cases. (e) Property damage up to Rs. 6000/- on damage to Private property not belonging to leased to or under any other control of the owner. Maximum liability of insurer: As per limits above.