What is IRDA Training?
IRDA Training refers to the mandatory pre-licensing training required by the Insurance Regulatory and Development Authority of India (IRDAI). It is the first step for anyone who wants to become a certified insurance seller or agent in India.
This training ensures that future agents understand insurance products, industry regulations, customer handling, and ethical practices before they start selling policies.
Why is IRDA Training Important?
Insurance is a regulated sector. IRDAI ensures that all agents are professionally trained before they represent any insurance company. IRDA training:
- Equips you with basic knowledge of life and general insurance
- Teaches legal and regulatory guidelines
- Improves your ability to serve clients responsibly
- Builds trust and credibility in the market
Duration and Mode of Training
The IRDA training duration depends on the type of insurance license you’re applying for:
- Life or General Insurance: 25 hours (online or offline)
- Composite (Both Life & General): 50 hours
IRDA has approved several training institutes and online platforms where you can complete this course.
What is Covered in IRDA Training?
Key topics include:
- Principles of insurance
- Types of insurance policies (life, motor, health, fire, etc.)
- Policy terms and conditions
- Claim handling process
- Code of conduct and ethics
- Regulatory compliance
After the Training: IRDA Exam
Once you complete your IRDA training, you must pass the IRDA IC38 exam. This exam tests your knowledge and understanding of the topics covered in the training. On passing, you’ll receive your IRDA license and can start working as an insurance agent or seller.
Duration of IRDA Training
The training duration depends on the license type:
-
Life Insurance or General Insurance: 25 hours
-
Composite License (Life + General): 50 hours
You can complete this training in a few days or at your own pace if done online. IRDAI has permitted several online platforms to offer self-paced modules, which makes it easier for working professionals or students to get certified.
Topics Covered in IRDA Training
The training syllabus is designed to build your foundation as a knowledgeable and responsible insurance seller. Key areas include:
-
Introduction to Insurance
-
Types of Insurance (Life, Health, Motor, Fire, etc.)
-
Basic Terminology
-
Policy Structure and Benefits
-
Underwriting and Risk Management
-
Claims Handling Process
-
Roles and Responsibilities of an Agent
-
IRDAI Rules, Regulations & Code of Conduct
-
Grievance Redressal Mechanism
-
Ethics and Customer Service
The training also includes real-life case studies and mock tests to help learners grasp the application of concepts in daily practice.
IRDA IC38 Exam: The Certification Test
After completing the training, you are eligible to appear for the IC38 exam, conducted by the IRDAI. The exam format includes:
-
50 multiple-choice questions (MCQs)
-
Duration: 60 minutes
-
Minimum Passing Marks: 35 out of 50 (70%)
-
Languages: Available in English, Hindi, and other regional languages
You can take the exam at an authorized center or online (with proctoring). On passing, you’ll receive your IRDA license and can officially start working as an insurance seller in India.
Where to Take IRDA Training?
Several IRDAI-approved institutions and online platforms offer this training. Some popular options include:
-
LIC (Life Insurance Corporation of India)
-
SBI Life
-
ICICI Prudential
-
HDFC Life
-
Bajaj Allianz
-
Online portals like NSE Academy, IIBF, or ApnaCourse
Before enrolling, ensure that the training provider is IRDAI-certified.
Career After IRDA Training and Certification
Once you receive your IRDA license, you can:
-
Join a private or public sector insurance company as an agent or advisor
-
Work independently and promote multiple companies (if permitted)
-
Start your own insurance consultancy
-
Earn through commissions, bonuses, and incentives
The earning potential in insurance sales is uncapped, and agents often enjoy flexible working hours and long-term client relationships.
Final Thoughts
CompletingIRDA training is mandatory and essential for anyone looking to become an insurance seller in India. With the right preparation, you’ll not only clear the exam but also gain the confidence to build a successful insurance career.
Leave a comment