Formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) (Regd.)

Established: 1955

Head Office: Mumbai

Objective: for the purpose of promoting Insurance Education & Training in the country

Mode of Examination: Online, through various centres in India and Abroad

Courses:

This Institute is well known for its Licentiate(LIII), Associateship(AIII) and Fellowship(FIII) certifications in both General and Life Insurance Branches. For achieving Fellowship, a candidate have to clear Licentitate and then Associateship in respective insurance branch.

Licentiate Examination- This is the introductory level of Certification. In this there is only 02 Compulsory subjects along with 01 elective from chosen Life or General insurance branch.

Associateship Examination- This is the Second level of Certification. In this candidate have to select specifically Life or General Insurance Branch. After Selection candidate have to pass all subject courses from the selected branch. In this the candidate will become more familiar with different types of Insurance and it’s related coverages, Clauses and policy wordings of selected branch.

Fellowship Examination- This is the  highest level of Certification. In this the candidate have to be master with advanced studies of selected branch of Insurance.

Presently subject wise Credit point system is followed for clearing above all 03 certifications. A candidate have to earn minimum credit from clearing Compulsory and Elective subjects. The creditwise criteria for clearing exams are as below:- 

Licentiate Certificate – 60 credit points

Associateship Diploma – 250 credit points(including the credit points at Licentiate level)

Fellowship Diploma – 490 credit points ( including the credit points at Licentiate and Associateship levels)

The Chartered Insurance Institute(CII), London also give recognition of subjects covered under above Certifications of Insurance Institute of India(III)- details are given below in table.