Also, introduces course
material for standalone health insurance examination
In a
bid to enhance the knowledge of insurance agents, IRDAI has incorporated
various changes in the syllabus of insurance agency examination.
The insurance
regulator has included some additional chapters on health insurance which cover
topics like health insurance underwriting, claims settlement and products in the
syllabus. Passing this examination will make an agent eligible to tie up with
two insurance companies each from life and general insurers to sell insurance
policies.
Meanwhile, IRDAI has released the course
material for standalone health insurance examination or SAHI. The syllabus for
SAHI includes topics like introduction to insurance & health insurance,
insurance documentation, selling process, customer protection and interests and
career prospects in health insurance.
Earlier this month, IRDAI has introduced a separate
examination for agents to sell health insurance. The insurance regulator has
clarified that the agents will have to pass this exam to sell health insurance
policies of standalone health insurers. That means, an agent will now have to
pass two examination – insurance agency examination and standalone health
insurance examination to tie up with three insurers each from life, non-life
and general to sell insurance policies.
Last
month, IRDAI ended the licensing system of agents and issued its final
guidelines on appointment of insurance agents in which it has allowed insurance
companies to directly appoint insurance agents. However, the applicants have to
pass the insurance examination to become an insurance agent.