IREM Management Plan covers all aspects of the Indian Insurance market. It is a legal document which regulates the insurance industry. It has been designed to help the insurance industry in the growth and success of its operations by providing clear guidelines for policy holders, administrators, underwriters, agents and others to follow. The main objectives of the plan are to offer a solid platform from which the insurance industry can grow, develop itself. To become a certified insurance agent, the person must pass the examination.
The IREM Plan provides comprehensive information on the state laws, policies, rules and regulations applicable in the country and the associated benefits. It also gives information on the types of insurance and the services that they provide, the insurance risk profiles and their variations, the process and services of insurance claim processing, the procedures involved, and the various types of insurance and their characteristics. The plan also provides an extensive list of important contacts and agents throughout India who can help you with your queries or give you valuable tips and advice to improve your business.
IREM Management Plans covers all areas of the country including the major cities like Delhi, Mumbai, Chennai, Bangalore, Hyderabad, New Delhi, Kolkata and Pune. The plans cover a wide range of insurance services and products including property, casualty, life, health, and life, travel, auto, finance, life assurance, consumer, commercial, and industrial, life assurance, financial, and liability and property etc. The policies are available in different coverage levels to cater to all your needs.
IREM also provides information on the different types of insurance policies available and the advantages and disadvantages of each of them. The plan covers all types of risk factors associated with the insurance such as loss, theft, damage, liability, fraud, accidents, and natural calamities. A person passing the examination must have a thorough knowledge of the insurance industry in order to understand the various factors and risks involved. In order to gain access to these policies and services, you need to get your IREM Management Plan in-house or by enroll in a refresher course. You must also pass the examination in order to become a certified insurance agent or broker.
If you are planning to pass the IREM Management Plan examination, then there are several institutes available that offer online courses. Most of these courses are online in nature and are conducted by recognized universities.
For taking up an online course to prepare for your real estate agent exam, a minimum of six months of dedicated study is required, but some institutes will offer this study time as eight to twelve months. During the course, a candidate needs to acquire knowledge of the insurance business, the insurance risk profile, the insurance laws, the policies and other relevant information. After completion of the online course, a candidate needs to pass the IREM Management Plan examination to qualify for licensing.
In order to qualify, you must have cleared the IREM Management Plan examination, pass the exam and have an effective understanding of the different aspects of the insurance industry. The course includes the study of legal and ethical issues, the legal definition and the ins and outs of the insurance industry, as well as the policy and business structures. Upon successfully completing the course, a candidate will be able to effectively communicate with the IREM team and obtain necessary information to successfully pass the exam.