Licentiate (Insurance)

Licentiate certificate

Issuing Organization	Insurance Institute of India

The Licentiate certificate offered by the Insurance Institute of India (III) is a foundational and essential qualification for individuals aspiring to build a career in the Indian insurance sector. It's the first step in a structured pathway of certifications offered by the Insurance Institute of India, followed by Associateship and Fellowship. The Licentiate certificate is awarded to a candidate after passing the Licentiate examination conducted by the Insurance Institute of India. ^{[1] [2] [3] [4]}

Description

Licentiate certification is an introductory course that contains two compulsory papers and one more optional paper from professional exam curriculum. The two compulsory papers are Principles of Insurance and Practice of Insurance (Life and Non-Life). ^{[5] [6]} In this stage, a candidate needs to earn at least 60 credit points to qualify the certification. The licentiate certification is the first stage of the flagship course Fellowship Diploma in the Insurance Institute of India. ^[7]

The eligibility criteria for the registration of the professional examination of the licentiate certificate is either matriculation or equivalent examination passed certificate. Similarly, if a candidate has worked for at least three years in insurer company then he is also eligible to register for the licentiate examination. ^[7]

History

In 1955, the Insurance Institute of India which was originally known as Federation of Insurance Institutes was established. The first examination for the licentiate certificate was held in the year 1957. ^[8]

References

1. "Chitkara Business School signs MoU with Insurance Institute of India". Chitkara University. 2023-04-19. Retrieved 2025-06-29.
2. "CHRIST UNIVERSITY". m.christuniversity.in. Retrieved 2025-06-29.
3. Malhotra, Manav (2025-04-18). "Shreyan Tantric Assistant Vacancy At Director Of Insurance, Finance Department, Gujarat [Apply Now]". www.livelaw.in. Retrieved 2025-06-29.
4. "Siddhartha Mohanty takes charge as interim chairperson of LIC from today; here's all you need to know - BusinessToday". Business Today. 2023-03-14. Retrieved 2025-06-29.
5. Anshu, P. (2018-01-17). Licentiate (III) Exam Prep Workbook: IC-01 Principles of Insurance. Independently Published. ISBN   978-1-9769-2570-2.
6. General Insurance Compendium, 1999-2000. Insurance Times. 1999.
7. "Insurance Institute of India (III)". www.gicouncil.in. Retrieved 2025-06-29.
8. "MILESTONES The growth of the Federation in its multi-faceted" (PDF). Insurance Institute of India.