Composite Brokers Certification
The candidate cannot take the test unless they have completed the required 50 or 25 hours of Brokers' Training.
The 2018 IRDAI (Insurance Brokers) Regulations say that candidates must take the test within a year of the end of their training. As a result, people can apply for the test on or before the date on their training certificate expires.
The 2018-2019 IRDAI (Insurance Brokers) Regulations say that people who want to take the Brokers test must register using the name of their employer.
The examination medium is English.
The questions are objective type and have four multiple choices. All the questions must be answered. You will get one point for each correct answer. No Negative marking for wrong answers.
The Syllabus consists of the following four sections.
(1) Compulsory
(2) General Insurance
(3) Life Insurance
(4) Reinsurance
Broker Type Examination: -
Composite Brokers: This Examination paper will have all the 4 sections i.e. Compulsory, General & Life Insurance and Reinsurance. The Candidate has to answer 120 questions i.e, 40 from Compulsory and Reinsurance sections and 20 from General & Life Insurance sections each . Minimum marks for qualifying this examination is 70.
|
Broker Type |
Section-I Compulsory |
Section-II General |
Section-III Life |
Section-IV Reinsurance |
Total No. of Questions |
TIME |
|
Direct – Reinsurance |
40 |
20 |
20 |
40 |
120 |
120 minutes |
