INDIAN INSURANCE SOCIETY – MEMOIR WITH INFORMATION

The birth history of our Society is like a mythological story. In mythological story some where it is found that the son is older than the father. Similarly our Society was born well in advance before the birth of our parent organization Insurance Institute of India took place that took place on 30^th June, 1955.

Insurance education movement was started from East India, from Kolkata. The reason may be previously Calcutta was the capital of India and the cultural atmosphere of Calcutta was the best due to British infiltration. People of here became curious for more and more knowledge. This soil produced many insurance stalwarts and maximum number of Insurance Companies was established.

As a result the need for education was felt. For catering the need of Insurance Education in the last century first two insurance educational institutes were established in Kolkata within a span of 14/15 years.

Our Society, Indian Insurance Society, 2^nd senior most affiliated institute was established on 15^th August, 1944 with a view to educate the employees of Insurance Companies. Syllabus and curriculum were formed on the job-oriented basis. That time private insurers were sponsoring this education as a part of in-house training to update their employees of very much complicated insurance rules and policies. Later on, Life Insurance was nationalized in 1956 and General Insurance was nationalized in 1973. The scenario was changed. Insurance Industries became the main source of supplying fund in the Central Budget of the country. Its important was realized and increased by leaps and bounds. Pattern of syllabus in Insurance subjects were changed and number of subjects were increased. Then the insurance education was mainly concentrated among the employees of PSU Insurance Companies. Employees were encouraging for insurance education by paying extra allowance and by giving promotion etc. But the entire scenario was changed after opening up the Insurance Sector to private players in 1999. Now this course has been revised, new subjects have been introduced as per need of the day. The importance of our course has got the tremendous importance for achieving many more avenues to build the career. The Certificate and Diploma awarded by our parent organization Insurance Institute of India (formerly known as Federation of Insurance Institutes) are recognized by all insurers, State Government and Central Government as also by Afro Asian Countries, UK, USA, Canada, New Zealand and Australian Insurance Institutes. We conduct Licentiate, Associateship, Fellowship examination covering nearly 45 subjects. The examinations are conducted at more than 100 centers in India and 18 centers at abroad. We are also engaged in holding Risk Inspection Programmes, Seminars, Workshops, Oral Tuition Classes, Publishing Journals, Reasearch activities in Insurance. We have Library facilities with Air Conditioned Class Room and excellent faculty members. Various recreational programmes, viz. Annual Picnic, Annual Picnic, Annual Social etc. are also arranged by us.

Any person having minimum qualification Madhyamik/SSC may join this course having the aspiration of building career in Insurance profession is welcome. For further queries, guidelines contact at our Office at Royal Insurance Building (Heritage Building), Ground Floor – opposite to Kolkata GPO. So don’t delay, leap for the insurance education and after you look the bright future waiting for you.

Thank You