What is an insurance intermediary?
What is an insurance intermediary?
Insurance intermediaries facilitate the placement and purchase of insurance, and provide services to insurance companies and consumers that complement the insurance placement process. Traditionally, insurance intermediaries have been categorized as either insurance agents or insurance brokers.
What is IIQE paper?
Every individual licencee must have passed the relevant papers of the Insurance Intermediaries Qualifying Examination (“IIQE”) conducted by the Vocational Training Council, the appointed examination body for the IIQE, unless otherwise exempted.
What is IIQE?
Obtaining a passing score in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance practitioner license.
Who is an insurance intermediary give an example?
An Insurance Intermediary means individual agents, corporate agents including banks and brokers –they intermediate between the customer and the insurance company. Insurance Intermediary also includes Surveyors and Third Party Administrators but these intermediaries are not involved in procurement of business.
How can I check my IRDA result?
How to download IRDA exam result
- Candidates should visit the official website of the Insurance Regulatory and Development Authority, irdai.gov.in or iiiexams.org.
- On the homepage, jump to the result section.
- Click on the link which reads IRDA Exam Result 2021.
What are the roles of intermediaries in insurance?
What are the different types of intermediaries?
There are four main types of intermediary: agents, wholesalers, distributors, and retailers.
How can I get IRDA license?
Regulation 4 of the regulations (i.e. IRDA (licensing of Insurance Agents) /Regulations, 2000) requires that a person desiring to obtain or renew a license to act as an insurance agent or a composite insurance agent shall possess the minimum qualification of a pass in 12th standard or equivalent examination conducted …
