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Life Insurance Finance - IC 26 Associateship Practice Exam

Life Insurance Finance - IC 26 Associateship Practice Exam

Insurance Institute of India offers Associateship exams consisting of various papers either in Life or Non-Life or Combined. After qualifying for the Life Insurance Finance - IC 26 Associateship IC 26 exam candidates can accumulate credit points to further enhance the chances of qualifying as Licentiate or Associate or Fellow of the Institute. Life Insurance Finance (IC - 26 for Life) offers 30 Credit Points.

Course Outline

The Life Insurance Finance - IC 26 Associateship Exam covers the following topics -

Understand Elementary Principles of Accounts

  • Life Insurance Business
  • Types of Insurance Policies

Learn the Accounting Procedures

  • Overview Premium Accounting Including ULIP charges

Understand Accounting Procedures

  • Disbursements - Including – Free looks,
  • Policy Payment including Claims (Special emphasis on ULIP Claims)
  • Accounting and Health
  • Insurance Accounting
  • Expenses of Management Investment 

Final Accounts

  • Revenue Account and Balance sheet as per IRDA Requirements
  • Budget and Budget control
  • Innovative Concepts in Accounting
  • Accounting Standard Applicable to Life Insurance Companies
  • Financial Management Environment in India.
  • Application of Financial Management concept in Insurance Industry,
  • Taxation
  • Anti-Money Laundering Guidelines & PMLA Act,
  • Compliance with IFRS 

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