How Can I Get IRDA License?

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..

What is the passing marks for IRDA exam?

The passing marks for the Principal Officer on an insurance intermediary including insurance broker is proposed at 50% while for other than principal officer and insurance agent it is proposed at 35%. 8. The revised training and examination requirements are enclosed at Annexure.

Do insurance agents make good money?

The most recent government data regarding the average income of American insurance agents was compiled in 2012. According to that data from the Bureau of Labor Statistics: The median annual wage for insurance agents was $48,150. The highest paid 10% of insurance agents earned more than $116,940 annually.

How can I get a copy of my IRDA license online?

To view Duplicate License screen:Click Surveyor – Individual tab.Click Licensing tab.On the Licensing screen, click Duplicate License. The Duplicate License screen is displayed. It contains the license number and the expiry date of your license. All the mandatory fields are marked with an asterisk (*).

What is the validity of IRDA Licence?

IRDA certificate is valid for a period of three years. No. Candidates need not write exam for Certificate Renewal. They have to undergo 25 hours of practical training in order to renew the certificate for another block of 3 years.

How hard is it to pass the insurance exam?

Nevertheless, the passing score for all exams is 70%, and utilizing exam study tools can help you gauge whether or not you are on target to pass on the first try. The average exam-taker should expect to spend about 35 to 40 hours studying to pass the life and health insurance exam.

Who is the No 1 insurance company in India?

Life Insurance Companies in IndiaS. NoName of the Company1.Life Insurance Corporation of India2.HDFC Life Insurance Co. Ltd3.Max Life Insurance Co. Ltd.4.ICICI Prudential Life Insurance Co. Ltd20 more rows

How can I prepare for IRDA exam?

How to Prepare for IRDA Exam – Reasoning. Start your preparation with easy and scoring topics like Arrangement & Pattern and Coding Decoding. These two topics will most probably hold a weightage of 10-15 marks. Apart from these, regularly practice Puzzles, because it will be asked in exam for 10-15 marks.

What is the benefit of IRDA exam?

IRDA holds recruitment drive through Insurance institutes of India for IRDA exam. IRDA exam is an all India level exam that recruits eligible candidates for dignified posts in IRDA. The exam for IRDA is not an annual process, and the recruitment is done based on the requirement of the company.

How do I pass an insurance agent exam?

Passing 35% =18 (even you score 17 marks ,One mark will be given as grace )Strategy To Pass this IC 38 LIC agent Exam.Obtain Minimum Marks.First Solve 10 question minimum——————10.Tick Ans “C” option remaining 40 Question———–10 (Probability)Total Obtain Marks=======20(Passed)

What is IC 38 exam?

IC38 is a subject related to Insurance Industry. IC38 exam is conducted for people who want to become insurance adviser in any Insurance company. IC38 Subject contains all basic aspect of Life, Health and General Insurance industry. This Subject starts with inception of insurance to Reinsurance.

What is IC 33?

LIFE INSURANCE. ACKNOWLEDGEMENT. This course has been prepared with the assistance of: Dr.S.Kutty.

How many insurance exams are there?

In 2019, LIC had released 17000+ vacancies three exams i.e. LIC AAO, LIC ADO & LIC Assistant. This shows that there are immense opportunities in Insurance sector.

What is the fees of IRDA exam?

The registration fee for attending the IRDA agent exam is Rs. 700/-. Exam fee for attending the test is Rs.

Is IRDA exam tough?

Pulkit, it is not tough. Don’t take it casually, be serious , that’s all. It I not designed for super intelligent. It is more to judge whether you have acquired basic theoretical knowledge.

Can private employee become LIC agent?

Yes it is possible to be an agent in any General insurance or Life insurance company in India. But the most important condition is the applicant for agency must not be an employee/ the relative of any employee working in Life insurance companies or General insurance companies.

How many questions are there in IRDA exam?

50IRDA Exam HighlightsExam nameInsurance Regulatory and Development Authority ExamMode of ExamOnlineNumber of Questions50Time Allotted1 hourMaximum Marks50 marks2 more rows