With regard to the qualification of faculty of Agents’ Training Institutes, IRDA has modified point no. 6 of STANDARD INSTRUCTIONS AND GUIDELINES issued on October 4, 2004 is modified as below:
“Every Institute should have at least one qualified permanent faculty who is an Associate or Fellow from the Insurance Institute of India for each stream i.e. for Life and Non-Life. However, the training institutes can employ faculty with more than 15 years of service in the insurance company with last three years in managerial capacity i.e. Scale III Officer and above in the public sector insurance companies”.
The above guidelines come into force with immediate effect.
