60 years of Insurance Education & Training Diamond Jubilee [1955 - 2015] Directory of Associates, Fellows & other Specialised Diplomas & Certificates (Class of 2014) DIRECTORY OF ASSOCIATES, FELLOWS & OTHER SPECIALISED DIPLOMAS & CERTIFICATES (CLASS OF 2014) III Vision · To become a hub of Insurance, Health, Actuarial and Risk Management education in Afro-Asian Countries and raise the bar of efficiency and knowledge across the insurance industry. · To set up virtual education complex to take the insurance education into hinterland. · To provide cutting-edge research, documentation, dissemination of information to individuals, corporate, regulators and millions of users of insurance. III Mission To impart systematic insurance education, training and creating avenues for research and development in the field of insurance and insurance auxiliary services thus developing highly efficient and skilled insurance professionals to serve the humanity in India and abroad. 60 years of Insurance Education & Training I N S U R A N C E I N S T I T U T E O F I N D I A Diamond Jubilee [1955 - 2015] MEMBERS OF THE BOARD OF EDUCATION st (As on 31 July , 2015) Ashok K. Roy President M.Raghavendra Dy.Chairman (Board of Education) Sushobhan Sarker Immediate Past President Y.Ramulu Sushobhan Sarker GIC of India National Insurance Academy R.Chandrasekaran John Pulinthanam General Insurance Council National Insurance Company Ltd. Lalit Kumar Praveen Gupta Insurance Regulatory & Raheja QBE General Insurance Co.Ltd. Development Authority Girish Kulkarni S.B.Mainak Star Union Dai Ichi Life Ins. Co.Ltd. LIC of India K.Sanath Kumar Saroj Dikhale The New India Assurance Co.Ltd. LIC of India Niraj Kumar M.R.Kumar The Oriental Insurance Co.Ltd. LIC of India Asha Nair M.K.Gupta United India Insurance Co.Ltd. LIC of India R.M.Solanki Mumbai Insurance Institute B.C.Biswas LIC of India Shankar Varlani Ajmer Insurance Institute V.Manickam Life Insurance Council * In alphabetical order of Company 1 DIRECTORY OF ASSOCIATES, FELLOWS & OTHER SPECIALISED DIPLOMAS & CERTIFICATES (CLASS OF 2014) INFORMATION ABOUT THE INSTITUTE Insurance Institute of India (formerly known as the Federation of Insurance Institutes) was established in 1955 for imparting insurance education and training in India. The Institute is specifically supported by six corporate members viz. The Life Insurance Corporation of India, The General Insurance Corporation of India, National Insurance Company Limited, The New India Assurance Company Limited, The Oriental Insurance Company Limited and United India Insurance Company Limited There are 91 Associated Institutes across India. Sri Lanka Insurance Institute and Royal Insurance Corporation of Bhutan Limited are affiliated members of the Institute. The Institute conducts Licentiate, Associateship and Fellowship examinations covering more than 50 subjects. The Institute also conducts examinations for specialized diplomas in Fire, Marine, Health, Life Insurance Underwriting & Foundation of Casualty Actuarial Science, Certificate course on Foundations of Casualty Actuarial Science and Certificate Programme in Advanced Insurance Marketing. These examinations are conducted in India at more than 100 centres and in 18 overseas centres. The membership of the Institute is through its Associated Institutes. At present the membership strength is more than 2,88,459. There are more than 39,395 Associates and 21,490 Fellows of Insurance Institute of India. Approximately 60,000 candidates register for examination annually. The Institute is the examining body for conducting pre-recruitment test for Insurance Agents on behalf of Insurance Regulatory and Development Authority of India. The Institute conducts pre-licensing exam for surveyors on behalf of Insurance Regulatory and Development Authority of India. Insurance Institute of India is recognized by Insurance Regulatory and Development Authority of India as the training center for pre/renewal licensing training for Brokers, Insurance Marketing Firms (IMF) and the training center for Corporate Insurance Executives of Corporate Agents. The Institute is a member of the Institute for Global Insurance Education (IGIE) co-founded by American Institute of Chartered Property and Casualty Underwriters (U.S.A.), Chartered Insurance Institute (U.K.) and the Insurance Institute of Canada. The Institute is also a member of International Insurance Society (IIS), LOMA, LIMRA. The Institute is a supporting institution of United Nations Environment Program – Finance Initiative (UNEP-FI) and has an observer status of International Association of Insurance Supervisors. College of Insurance, the training arm, of the Insurance Institute of India is recognized by the Government of India as Institution of higher learning in Insurance. College campus has lecture halls equipped with modern technological aids, Single occupancy AC hostel rooms with TV and Internet facility, Library, Gymnasium and Cafeteria. Besides conducting scheduled calendar programmes, College also offers customized training solutions to the corporate clients, conducts seminars and has established a research center. College has also launched Post Graduate Diploma in Health Insurance in collaboration with Department of Economics (Autonomous) – University of Mumbai. 2 60 years of Insurance Education & Training I N S U R A N C E I N S T I T U T E O F I N D I A Diamond Jubilee [1955 - 2015] The American Institute for Chartered Property Casualty Underwriters, U.S.A. grants one exemption in their prestigious CPCU designations to the Fellows (Non-Life) of Insurance Institute of India. The Chartered Insurance Institute, U.K. grants subjectwise exemptions to the Associates and Fellows of Insurance Institute of India in their ACII programme. Life Office Management Association, U.S.A. grants 2 exemptions in their FMLI designation to the Fellows of Insurance Institute of India. Insurance Institute of Canada grants 3 exemptions to Associates and 4 exemptions to Fellows of Insurance Institute of India in their CIP programme consisting of 10 subjects. The Institute encourages research by floating essay writing competitions. The Institute is governed by the Council consisting of 59 members. The President is the Administrative Head of the Institute. The current President of the Institute is the Chairman-cum-Managing Director of GIC Re. Decisions on educational matters are taken by the Board of Education.The Institute’s registered office is located at Mumbai and is registered under the Societies Registration Act, 1860 as a non-profit organization. 3 DIRECTORY OF ASSOCIATES, FELLOWS & OTHER SPECIALISED DIPLOMAS & CERTIFICATES (CLASS OF 2014) MESSAGE FROM THE PRESIDENT Ashok K. Roy My heartiest congratulations to all the students who have completed their Associateship, Fellowship and other examinations of the Institute. While now that you have got the qualification it is imperative for you to apply the knowledge gained by you while preparing for these exams in your professional as well as personal lives. The Insurance Sector is poised to grow at a fast pace in the coming years due to the recent amendment to the Insurance Act. There will be a lot of demand for talented professionals in the coming years. I am sure that all of you will make the most from the available opportunities. Remember that nothing worthwhile is attained without hardwork and sincere efforts. I hope you all will strive to achieve excellence not only in your professional lives but also your personal life. I once again extend by best wishes to each one of you and would urge you to stay connected with the Institute’s activities in the future. 4 60 years of Insurance Education & Training I N S U R A N C E I N S T I T U T E O F I N D I A Diamond Jubilee [1955 - 2015] MESSAGE FROM THE DY.CHAIRMAN (BOARD OF EDUCATION) M.Raghavendra It gives me immense pleasure to congratulate all those who have completed their Associateship, Fellowship and other examinations of Insurance Institute of India (Class of 2014). It is definitely a joyous and proud moment for all of you and also the dawn of a new era in your professional lives. The economic environment in the country is constantly changing and it is necessary for you all to stay abreast with the current developments in the country. As the famous writer Peter Drucker has said “The best way to predict the future is to create it”. I would urge all of you to assume the responsibility for your lives and help shape the glorious future of our society and country in the coming years. My Best wishes to all of you and may you earn more laurels in your journey ahead. 5 DIRECTORY OF ASSOCIATES, FELLOWS & OTHER SPECIALISED DIPLOMAS & CERTIFICATES (CLASS OF 2014) MESSAGE FROM THE SECRETARY-GENERAL P. Venugopal I take this opportunity to congratulate and extend my best wishes to all of you who have passed the Associateship, Fellowship and various other exams of the Institute. As you all are aware the Institute has completed its 60 years of existence on June 30, 2015. On this occasion I would like to remember all those who have strived hard to take the Institute to the levels it has reached today. However glorious the past of any organization may have been, it is equally necessary for the organization to have a clear and defined roadmap for achieving future goals and targets to sustain in the ever changing environment. I am sure that the Institute with the support and cooperation of you all would achieve further milestones in the years to come. I would advise all of you to get associated with