The Chartered Insurance Institute (CII) is a professional body for the insurance and financial planning profession.
Over recent years India has seen an increasing focus on improving professional standards across insurance and financial planning. The focus has intensified as a result of the negative economic environment, the impact of the banking crisis and the consequent reactions of various market regulators. The CII as the leading professional body dedicated to insurance and financial planning, has played a central role in many markets, championing the importance of raising standards. The development of our activity in the S.A.A.R.C region is mainly focussed on our Royal Charter working to "secure and justify the confidence of the public" by providing professional courses and learning support and thereby raise the professional standards in insurance and financial planning.
We have worked closely with the Life Insurance Corporation of India (LIC) to raise levels of capability and professional standards, through the introduction of qualifications and training programmes in financial planning.
Our expertise was utilised by the Insurance Regulatory and Development Authority (IRDAI) in enhancing the life agent qualification (IC33). The IRDA also appointed CII to train its own officers on certain technical subjects.
We continue to work with educational partners, colleges and universities, life and non-life insurance companies, brokers as well as BPOs to promote professional standards across different segments in India. In addition to corporates, we also have individual students taking CII qualifications through a self-study route (the retail segment). The CII public exams are held twice a year across 14 locations in India where these students take CII exams.
The CII works across the S.A.A.R.C region with key activities in India, Sri Lanka, Bangladesh and Pakistan in particular.