India is developing rapidly and it is expected that the Indian middle class population will reach 500 million within the next twenty years.

The insurance market is undergoing regulatory change, with foreign investors now
owning 26% of Indian
companies.

Social trends in financial services are driving rapid development and opinion formers are seeking to increase professionalism within the sector, leaving behind some of the “pushing product” features that have characterised many markets in the early years of their evolution.

The Life Insurance Corporation (LIC), which controls 70% of the market, has around two million agents, and is committed to raising their levels of capability, through upgrading their qualifications to a localised CII Award in Financial Planning.

The CII already deals with BPOs and many locally qualified individuals in the market and has good relationships with the IRDA (the regulator), the IIRM (the training arm of the regulator) and the III, the local awarding body with both the III and IIRM being affiliated institutes of the CII.

New eMBA-Insurance programme

The MET League of Colleges and the CII have joined forces to develop a new learning programme that will shape global insurance professionals in India. With technical insurance content developed by the CII and management and business modules designed by MET, the eMBA-Insurance delivers unrivalled specialised education in support of an industry poised for growth.

Read more about the eMBA-Insurance

CII Membership

Qualified members in India can access a number of key benefits including:

• A global web directory
• A comprehensive technical report on mutual funds in India
• Indian market data including listings of top companies
• Dictionary of finance and investment
• India country profile
• Access to the London lecture programme
• An unrivalled archive of technical reports, research and opinion pieces
• Membership of the Life & Pensions Faculty

Please click here for more information about our online member benefits.

Your View

Please email us with any local industry relevant content for inclusion on this site.

india@cii.co.uk

Affiliated Institutes & Partners

The Insurance Institute of India

Founded 1955
Plot No.C-46, 'G' Block,
Bandra Kurla Complex
Mumbai, 400051

Tel: 26541154-26541156

Website: www.insuranceinstituteofindia.com

The Institute of Insurance and Risk Management - Hyderabad Affiliated 2006

Tel: 040 - 23000005

Fax: 040 – 23000254

Website: www.iirmworld.org.in

Mumbai Educational Trust – MET Schools of Management
MET complex, Bandra Reclamation
Mumbai – 400 050
India

Website: www.met.edu

Award in Financial Planning

The Life Insurance Corporation (LIC) in India , the state owned life insurance company in India, which today has the dominant market share in the Indian life market of 70% have been working closely with the CII to raise standards of knowledge and professionalism amongst their life agent workforce through the completion of the CII’s Award in Financial Planning.

The focus of the Award is on providing needs based advice through understanding best practice of offering professional advice to clients and to have a good knowledge of all products available.

The CII has localised the Award in Financial Planning in conjunction with the LIC to provide content which is relevant to meet LIC’s growing demands to upgrade their agents’ skills and knowledge beyond the regulatory minimum standard as a result of the evolving life market in India.

The Chartered Insurance Institute (CII) and the Life Insurance Corporation (LIC) are committed to raising levels of competence in the Indian financial services sector. In recognition of the need to support the LIC and the market in its drive towards higher standards of professionalism the CII has decided to waive the cost of membership for the first year.

For further information, please contact us on the details below.

Contact Us

The Chartered Insurance Institute - Liaison Office
407, 4th Floor
Raheja Chambers
Mumbai 400 021
India

Telephone: +91 22 40919451

E-Mail: india@cii.co.uk

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