NCFM: Insurance Module
Posted by Prashant Shah on November 24, 2011
NSE has taken a step further and introduced a module on insurance. Normally the modules which NSE has are for securities market. Its a unique step which NSE has taken. I believe that adequate insurance, i repeat adequate insurance is a must for everybody in contemporary scenario. Lets have a look at the module:
Insurance serves a number of valuable economic functions that are largely distinct from other types of financial intermediation. The insurance market has witnessed dynamic changes, which includes presence of a fairly large number of insurers both in life and non-life segment. There is an increased need for qualified individuals who possess requisite skills and significant knowledge in insurance in these fast moving and globalised financial markets.
This module aims at providing basic insight about the concept of insurance, types of insurance, fundamentals of risk management, insurance contracts & principles.
Why should one take this course?
- To have a basic understanding about the concept of insurance
- To learn about the various types of insurance, fundamentals of risk management, insurance contracts and principles etc.
Who will benefit from this course?
- Students of Management and Commerce
- Finance Professionals
- Employees with banks and financial institutions
- Distributors / Agents
- Anybody having interest in this subject
Test details
Duration: 120 minutes
No. of questions: 60
Maximum marks: 100, Passing marks: 60 (60%); There is negative marking for incorrect answers.
Certificate validity: For successful candidates, certificates are valid for 5 years from the test date.
Fees: 
1,500/- (Rupees One Thousand Five Hundred Only).
Ckick the link to download the book: www.nseindia.com/content/ncfm/ncfm_insme.pdf
PVS (Prashant V Shah) 
Jay said
By clearing this exam can I sell Insurance?
Prashant Shah said
Dear Jay,
This module will not give you the legal license to sell insurance. You need to clear IRDA exams.
Thank you.
Jay said
Thanks for your reply.
Can I write IRDA exam directly or I have to go through some insurance company?
Prashant Shah said
Thats ture, Jay. You will have to go through an insurance compnay.
vishal said
sir, http://www.nseindia.com/content/ncfm/ncfm_insme.pdf this link is not working.
Prashant Shah said
Dear vishal
Nse must have changed the link. I will try to get the latest source.
Regards.
Ajay said
Prashant- Could you please provide the link to download the study material of insurance module of NCFM?
ra said
If am doing a job in finance company, what the benifit of insurance modual,
Prashant Shah said
Dear Rahul,
NCFM modules will enhance your understanding about the subject but these are not the statutory exams.
Regards.
Mayank varshney said
Hello parshant sir , I am Mayank Varshaney already clear all module under CFP . I have exam on 14th feb, of insurance module i want to know that is there any questions which are repeating in insurance module like cfp all module. If it is please provide me questions