ic-33 life insurance new syllabus & model question papers in Bengali for IRDA Exam

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i have given today, the IC 33 exam... and cleared it... they said to download the scorecard from the website but am unable to do so... can anyone please tell me the link.

can you give me syllabus for IC 33 Examination of IRDA life insurance corporation?

IC 33 Exam is compulsory to become Insurance Agent of IRDA life insurance corporation .. here I am giving you syllabus for IC 33 Examination below :

Syllabus :
The IC 33 Pre recruitment qualification exam (life insurance) syllabus covers the following main topics:

Understanding insurance
Providing technical product information
Providing professional advice
Understanding claims
Fulfilling legal and regulatory requirements
Understanding customer protection and ethics

Phase I – Pre-liberalisation
1818–1829 First insurance company: in 1818 the Oriental Life Insurance Company in Kolkata (then Calcutta) was
the first company to start a life insurance business in India. However, the company failed in 1834. In
1829 the Madras Equitable had begun transacting life insurance business in the Madras Presidency.
1870 Following the enactment of the British Insurance Act 1870, the last three decades of the nineteenth
century saw the creation of the Bombay Mutual (1871), Oriental (1874) and Empire of India (1897) in
the Bombay Residency.
1912 The Indian Life Assurance Companies Act 1912 was the first statutory measure to regulate life
business.
1928 The Indian Insurance Companies Act 1928 gave the Government the power to collect statistical
information about both life and non-life business transacted in India by Indian and foreign insurers,
including provident insurance societies.
1938 To protect the interest of the insuring public, the earlier legislation was consolidated and amended by the
Insurance Act 1938 which gave the Government effective control over the activities of insurers.
1950s In the 1950s, competition in the insurance business was very high and there were allegations of unfair
trade practices. The Government of India therefore decided to nationalize insurance business.
1957 Formation of the General Insurance Council (GI Council): the GI Council represents the collective
interests of the non-life insurance companies in India. The Council speaks out on issues of common
interest, participates in discussions related to policy formation, and acts as an advocate for high
standards of customer service in the insurance industry.
1972 The General Insurance Business (Nationalisation) Act 1972 (GIBNA) was passed. The General
Insurance Corporation of India (GIC) was formed in pursuance of Section 9(1) of GIBNA. It was
incorporated on 22 November 1972 under the Companies Act 1956 as a private company limited by
shares.
1/8 IC-33/2011 Life insurance
Chapter 1

D2 Phase II – Liberalisation
The start of reform
The international payment crisis of the 1990s forced the Government to re-think its industrial policies and
regulations. The Government only had enough foreign currency reserves to finance a few days of imports.
1993 Malhotra Committee: in 1993 the Government set up a committee under the chairmanship of R N
Malhotra, the former Governor of RBI, to make recommendations for the reform of the insurance sector.
In its report in 1994, the committee recommended, among other things, that the private sector and
foreign companies (but only through a joint venture with an Indian partner) be permitted to enter the
insurance industry.
1999 Formation of the IRDA: following the recommendations of the Malhotra Committee report, the
Insurance Regulatory and Development Authority (IRDA) was constituted as an autonomous body
in 1999 to regulate and develop the insurance industry. The IRDA was incorporated as a statutory
body in April 2000.

D3 Phase III – Post-liberalisation
As we have seen, following the recommendations of the Malhotra Committee, the insurance sector was
opened to private companies. Foreign companies were also allowed to participate in the Indian insurance
market through joint ventures (JVs) with Indian companies. Under current regulations the foreign partner
cannot hold more than a 26% stake in the joint venture.

For syllabus I am attaching a PDF file with it ..

Attached Files Available for Download

IRDA IC 33 Exam syllabus.pdf (1.03 MB, 49 views)

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Answered By StudyChaCha Member

I want ic-33 life insurance new syllabus & model question papers in Bengali language for irda exams.8293413900.

I WANT TO KNOW WETHER ACCIDENTAL AND HEALTH INSURANCE IS COMPULSURY TO BE PAID.