Insurance Module (Intermediate) FAQs

Get all your doubts cleared with Insurance Module (Intermediate) FAQs

What is Insurance Module (Intermediate)?

The Insurance Module (Intermediate) offered by NSE is one of the most important exam. In the era of fast moving and globalized financial markets, their is a great demand of qualified individuals who possess requisite skills and good knowledge in insurance. Out of all the economic functions, Insurance serves as a valuable part in the economy which is largely distinct from others. The insurance market has witnessed drastic changes including the presence of a fairly large number of insurers both in life and non-life segment. Moreover, insurance market is a better option for candidates that are looking up their career in the corporate world.

How many questions are asked in the exam?

The number questions asked in the exam are 60.

What is the time limit?

The duration of the exam is 2 hours

What is passing percentage?

The maximum marks for this exam is 100 and passing score is 60%.

What is Insurance Module (Intermediate) Course outline?

The main Objectives of the Insurance Module (Intermediate) exam are as follow:

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 online payment methods?

NSE Academy has introduced its payment gateway page for online payments. This new payment gateway is implemented on 17 Jan 2017:

Visa/Master Credit Card
50+ Banks for Net banking
10+ Wallets & Cash card
IMPS
EMI option for Credit Card of selected Banks

What is the exam fee?

The test fees for this exam is Rs. 2006, including GST.

Who is the Target audience for this exam?

Students of Management and Commerce
Finance Professionals
Employees with banks and financial institutions
Distributors / Agents
Anybody having interest in this subject

How to schedule the exam?

Candidates can register online by accessing the link ‘Online Registration’ available under Education>Certifications>Online Register / Enroll.
Once registered, you will get a unique NCFM registration number along with a user id and password. Confirmation will be sent to the email id and mobile number entered during registration.
If you don’t have your NCFM registration number you first need to register yourself with NCFM.
Using the same, you can access your online NCFM account to make payment / enroll for test / update address / check study material status / view certificates etc.
Candidates are required to ensure that their latest address is updated in their online NCFM profile. To update address candidates need to access the link ‘Edit Profile’ available in their NCFM online login.
NCFM registration number is unique and a candidate has to use the same NCFM registration number while enrolling for any module.

Is the Fee refundable?

No, fee once paid is not refundable.

Is their any negative marking for incorrect answers?

There is 0.25% negative marking for incorrect answer.

What are the study resources for the exam?

The NSE highly recommend its candidates to a training program for an exam like the Financial Services Foundation exam. Moreover, its a candidates choice to join a training or prepare by self-study. IMS provides its candidates with:

Classroom Program: This is available in all metro cities. It provides 12 weeks of classroom training with 100 hours Audio Video presentation on building models and also include weekend classes. Moreover, Study material- books and online material is also available
Distance Learning Program: Study Material will be provided online & offline. At the end to the course the candidates will have to appear for the certification exam. The examination comprises of multiple choice questions.
Live Virtual Classes: Live and interactive training program at CISCO platform. Get recorded lectures for future reference and clear all your doubts face-to-face with experts. Moreover, you also get the benefit of weekend classes all across India.
NSE Workbook: Candidates can issue modules after making payment for the module. After that you can download the study material after logging into your account from E-Library option.
Model Tests by NSE: In order to familiarize yourself about the pattern of question paper, you may attempt model test papers provided by NSE.

How to collect my certificate?

Certificates for all modules will be provided to the successful candidates at the test center itself.
Failed candidates will be provided with score card at the test center.
Candidates are requested to please ensure that they collect the same before leaving the test center.
Successful candidates can also view their certificates online under the link ‘Query/Report’ available in their NCFM online login.
In case of any query related to your certificate, please write to [email protected].

What are the learning objectives of the Insurance Module (Intermediate) exam?

The Insurance Module (Intermediate) consists of numerous learning objectives:

Concept of Insurance
Types of Insurance
Fundamentals of risk management
Insurance contracts
Insurance principles

Where can I get free practice tests?

While preparing for any examination the most important step is to take Insurance Module (Intermediate) practice tests. These tests do not only help you to check your preparation level, build your confidence and time management but also help you to get familiar with different types of questions that are frequently asked in the examination. Moreover, the Insurance Module (Intermediate) practice test consists of questions from basic to advanced level in a systematic manner.