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Insurance Module (Intermediate) Exam

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Insurance Module (Intermediate) Exam


The Intermediate Insurance Module endeavors to offer a foundational understanding of insurance concepts, various insurance types, essentials of risk management, and principles and contracts governing insurance. This module requires:

  • Basic understanding of the concept of insurance
  • Familiarity with various types of insurance, fundamentals of risk management, insurance contracts and principles etc.


Who should take the exam?

The exam will benefit:

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


Exam Course Outline 

The Exam covers the given topics  - 

  • Topic 1: Overview of Insurance
  • Topic 2: Basics of Risk Management
  • Topic 3: Understand Insurance Contract, Terminology, Elements and Principles
  • Topic 4: General Insurance
  • Topic 5: Learn about Personal and Liability Insurance
  • Topic 6: Learn about Financial Planning and Life Insurance
  • Topic 7: Understand the Types of Life Insurance Policies
  • Topic 8: Insurance Intermediaries

Insurance Module (Intermediate) Exam FAQs

There is a negative marking for every wrong answer and 25% of the marks will be deducted.

Yes, Testprep Training offers email support for any certification related query while you are preparing for the exam using our practice exams. Your query will be handled by experts in due course.

Yes testprep training offers free practice tests for the Insurance Module (Intermediate) Practice Exam which can be used before the final purchase for complete test.

Yes our experts frequently blog about the tips and tricks for exam preparation.

Yes, we offer a 100% unconditional money back guarantee. In case you are not able to clear the exam for then you can request for the full refund. Please note that we only refund the cost of product purchased from Testprep Training and not the Insurance Module (Intermediate) Practice Exam cost.

After the completion of your exam, the points you earned on each question are totaled and then compared with the cut score to determine whether the result is pass or fail.

Yes we offer nearly 50% discount for the order more than 10 products at a time. You can reach the testprep training Helpdesk for more details. The member of support staff will respond as soon as possible.

Once purchased, the practice exams can be access for the lifetime.

TestprepTraining provides unique sets of questions that will help you check your skills and knowledge in performing data analysis on Excel. These practice questions will help you increase your knowledge for better preparation of exam.

The certificate will be valid for 5 years from the date of the examination.

Insurance serves a number of valuable economic functions that are largely distinct from other types of financial intermediation. The insurance market has witnessed dynamic changes, which includes presence of a fairly large number of insurers both in life and non-life segment. There is an increased need for qualified individuals who possess requisite skills and significant knowledge in insurance in these fast moving and globalised financial markets. This module aims at providing basic insight about the concept of insurance, types of insurance, fundamentals of risk management, insurance contracts & principles..

NCFM provide knowledge to professionals working in the financial industry by providing training certification for various industry fields to provide an advantage in getting a job. Whereas NISM is launched by SEBI is opted by those investors who have an interest in gaining knowledge in finance market. With SEBI it provides quality to financial market.

There will only be multiple-choice and multi-response questions covered in the exam.

NCFM certification provides advantages and benefits to the individuals who want to pursue a career in finance. This will provide in depth knowledge in financial sectors and help you understand the concepts. This certification comes with different courses in the banking and finance which will provide abilities and skills. You learn about mutual funds and give you knowledge about the risk involved and provide you job security.

To undergo the FLIP-NCFM Insurance module certification, it is mandatory to complete the e-learning (training) of Finitiatives Learning India Pvt. Ltd. Step 1 : Register with FLIP Already registered? Step 2 : Purchase the Insurance e-learning module Step 3 : After completing the training pay NCFM the certification fee, and book the test date.

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

There are no prerequisites required for Insurance Module (Intermediate) Practice Exam.

• 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

The exam is available in English language only.