How Training shall be conducted for Distributors :

The 50 hours training which is normally required to be conducted for all Individual Agents, Specified Persons of Corporate Agents and Authorised employees of Insurance Brokers etc., shall be as follows:

The training shall be based on the books prescribed by the Authority for life insurance i.e. IC-33 and for nonlife insurance IC-34.

(a) The training duration for new license is 7 days minimum including Sundays but excluding national holidays with 8 hours per day excluding lunch and tea break applicable for full time batches.

(b) For the part-time batches the training can be imparted 4 hours daily excluding tea break and the minimum duration of the training will be 14 days including Sundays but excluding national holidays.

In case of composite training duration are 11 days & 22 days respectively for full time and part time training.

(c) Any candidate to qualify for the exam must complete 50 hours or 75 hours training as applicable. For renewal of license candidate must attend 25 hours training in each stream i.e. life or non-life separately in 4 days or 8 days respectively. Product related training and market survey shall not be included in this statutory training. The product training, if any, to be given by the insurance company should be conducted separately and over and above the minimum training hours prescribed by the Authority.