Insurance Regulatory and Development Authority

13.07.2016

Insurance

Training and examination for channels of insurance distribution harmonised

MANU/IRDA/0024/2016

The Insurance Regulatory Development Authority of India took steps to streamline the training and examination of persons involved in selling and distributing insurance products to customers.

While agents will be trained by the insurance company, insurance brokers, corporate agents, web aggregators, insurance marketing firm, training will be imparted by Insurance Institute of India.

A minimum number of hours for trainees in various categories has been prescribed and the syllabus has also been rationalised. Recent efforts to remove conflict and overlap in training and examination directions are hoped to make the process more efficient; however, whether the same mandates a higher standard of instruction remains to be seen.

Tags : Insurance agent brokers training examination overlap

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