Insurance Institute of India has established in 1965 and since then it is working to increase education in students about insurance institute and education to promote insurance and other regulatory authorities of India. Group Insurance and Retirement benefits are the basic insurance schemes which help the consumers to get good amount of money to get a secure life.

Qualification for appearing in this exam:

Candidates must be a citizen of India;minimum education qualification required for the purpose is graduation. Candidates who are in final year but will get their passing certificate before the admission process can also sit for the paper. Students from any background can apply for the paper.

Scoring and Negative Marking:

The paper is an objective paper and candidates will get equal marks for solving each question correctly. The paper has an option for negative marking in the paper for each wrong answer.

Mode of Exam:

Paper is a conventional paper and each question asked in the paper is of multiple choices type. The paper is taken in one sitting and all questions are compulsory.

Format:

Paper is an objective paper and the questions asked are with 4 choices to choose, for each correct answer, students will get 4 marks.

Paper Pattern:

Paper of Group Insurance and retirements benefits is an objective paper and students get equal marks for solving each question. Also, there is a provision of negative marking for each wrong answer.

Marking:

Questions asked are of equal marks and each question gives 4 marks to student. Total marks in the paper are 200.

Schedule:

Time given to solve the paper is 3 hours only.

Recommended Books:

• Elements of Banking and Insurance by Bhatia, Nishwan
• Principles of insurance by Gephart, William F