Insurance Module (Intermediate)
Insurance Module (Intermediate)
Insurance Module (Intermediate)
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.
Prerequisite for the exam
There are no prerequisites required for Insurance Module (Intermediate) Practice Exam.
Course Outline
- Introduction to Insurance
- Fundamentals of Risk Management
- Insurance Contract, Terminology, Elements and Principles
- General Insurance
- Personal and Liability Insurance
- Financial Planning and Life Insurance
- Types of Life Insurance Policies
- Insurance Intermediaries
Exam Format and Information
| Exam Name Insurance Module (Intermediate) | Exam Code 0 |
| Exam Duration 120 mins | Exam Format Multiple Choice |
| Exam Type Intermediate | Number of Questions 60 |
| Validity 5 Years | Exam Fee Rs 1700 |
| Exam Language English | Pass Score 60% and above |
Insurance Module (Intermediate) FAQs
Is there any negative marking in NCFM exam?
There is a negative marking for every wrong answer and 25% of the marks will be deducted.
Is there any assistance from Testprep Training in terms of exam preparation?
Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.
Can we try the free test before purchasing the practice exam?
Yes testprep training offers free practice tests for the Insurance Module (Intermediate) Practice Exam which can be used before the final purchase for complete test.
Do you provide any preparation guidance for this certification exam?
Yes our experts frequently blog about the tips and tricks for exam preparation.
Does Testprep Training offer Money Back Guarantee for the Exam Simulator?
Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the Insurance Module (Intermediate) Practice Exam cost.
How the exam scores are calculated?
After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.
Do you offer any discount on the bulk purchase?
Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.
For how long is the license valid after purchase?
Once purchased, the practice exams can be access for the lifetime.
Do TestprepTraining provide practice set questions for Insurance Module (Intermediate) Practice Exam?
TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.
What is the validity period of the certificate?
The certificate will be valid for 5 years from the date of the examination.
What is Insurance Module (Intermediate) Practice Exam?
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..
What is the difference between NCFM and NISM?
NCFM provide knowledge to professionals working in the financial industry by providing training certification for various industry fields to provide an advantage in getting a job. Whereas NISM is launched by SEBI is opted by those investors who have an interest in gaining knowledge in finance market. With SEBI it provides quality to financial market.
What variety of questions appears in the exam?
There will only be multiple-choice and multi-response questions covered in the exam.
What is the benefit of NCFM Certification?
NCFM certification provides advantages and benefits to the individuals who want to pursue a career in finance. This will provide in depth knowledge in financial sectors and help you understand the concepts. This certification comes with different courses in the banking and finance which will provide abilities and skills. You learn about mutual funds and give you knowledge about the risk involved and provide you job security.
What is the enrolment process for the exam?
To undergo the FLIP-NCFM Insurance module certification, it is mandatory to complete the e-learning (training) of Finitiatives Learning India Pvt. Ltd.
Step 1 : Register with FLIP
Already registered?
Step 2 : Purchase the Insurance e-learning module
Step 3 : After completing the training pay NCFM the certification fee, and book the test date.
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
Is there any prerequisite for the exam?
There are no prerequisites required for Insurance Module (Intermediate) Practice Exam.
What is the course outline for the exam?
• Introduction to Insurance
• Fundamentals of Risk Management
• Insurance Contract, Terminology, Elements and Principles
• General Insurance
• Personal and Liability Insurance
• Financial Planning and Life Insurance
• Types of Life Insurance Policies
• Insurance Intermediaries
What are the languages available for the exam?
The exam is available in English language only.