byDinesh
Updated on - 25 May, 2024
The CIS is a basic level course that takes 6 months to 1 year, designed to provide adequate and comprehensive information regarding the insurance industry. The CIS course introduces students to the fundamentals of insurance services so that they can get employed to entry level jobs within the insurance services industry The course content includes for example principles of insurance, basic accounting skills, insurance laws and regulations among others. The teaching and learning process involves use of lectures, case studies and practical sessions. Students are able to begin working in the various areas of general insurance companies, banks, broking firms etc., upon its completion.
Some of the commonly accepted entrance exams for the CIS course are: IIA’s CIS examination which is basic insurance knowledge test, Insurance Institute of India’s IC38 examination which tests life insurance knowledge, Insurance Regulatory and Development Authority of India’s insurance web aggregator examination which tests concepts of web aggregation insurance , and NISM examinations like NISM Commercial General Insurance examination or NISM Life Insurance examination which provides basic insurance knowledge to work in the field. Some of the institutes also have their own separate tests/interviews for admission qualification as well. It ranges from 10+2 to graduation as a minimum educational qualification for all the candidates from a recognized board/university depending on the type of institute, authorized/unauthorized, full-time distance learning.
| Feature | Description |
|---|---|
| Full Form | Certificate in Insurance Services |
| Duration | 6 months - 1 year (Full-time or Part-time) |
| Course Level | Undergraduate Diploma/Certificate |
| Eligibility | Pass in Class 12 (10+2) or equivalent examination from a recognized board |
1. Should have passed 10+2 examination or any other equivalent examination passed from any recognized board with minimum 50% marks for the post.
2. Not experienced but must be comfortable in using computers, can communicate, and has a basic understanding of numbers.
3. The candidate should be proficient in reading, writing and speaking fluent English language.
4. The only experience that is necessary is a basic knowledge of computers and good typing ability.
5. Desiring and readiness to work within the insurance services sector as a sales person of policies.
| Subject | Important Topics |
|---|---|
| Principles of Insurance | * Concept of risk & insurance * Types of insurance (Life, Non-Life, Health) * Insurance industry structure (regulators, insurers, intermediaries) * |
| Life Insurance Products | * Types of life insurance plans (Term, Endowment, Money Back) * Policy features (riders, benefits, exclusions) * Life insurance needs assessment * Proposal forms and claim settlement process |
| Non-Life Insurance Products | * Property insurance (Fire, Marine, Motor) * Liability insurance (Public Liability, Professional Indemnity) * Health insurance (Individual & Group health plans) * Understanding policy features and exclusions |
| Job Title | Description | Industry | Average Salary (₹ per year) |
|---|---|---|---|
| Insurance Agent | Sell insurance policies to individual clients, identify customer needs, and explain product features. | Insurance Companies | ₹3,00,000 - ₹5,00,000+ (depending on experience, performance, and commission structure) |
| Customer Service Representative | Provide support to insurance policyholders, answer questions, process policy changes, and address basic claims. | Insurance Companies | ₹2,50,000 - ₹4,00,000+ (depending on experience and employer) |