Corporate Agent Certification

Corporate Agent Exam Prep
for Bank & NBFC Employees

Bank and NBFC employees who sell insurance products must hold an IRDAI Corporate Agent certification. Practice the regulations, suitability rules, and product knowledge you need to pass — free, no signup required to start.

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₹1.5L cr+

Annual bancassurance premium in India

26 insurers

Empanelled with major banks

Mandatory

IRDAI requirement for all selling staff

Reimbursed

Often covered by employer

Sample question

Under IRDAI's Corporate Agent regulations, a bank employee who recommends an insurance product to a customer must first carry out which of the following?

AA credit score check

BA needs analysis to assess the customer's suitability

CApproval from the branch manager

DVerification of the customer's existing bank balance

Explanation: IRDAI's Corporate Agent (Regulations) 2015 require that before recommending any insurance product, the corporate agent must conduct a needs analysis to assess the customer's financial situation and insurance requirements. This is a key mis-selling prevention measure.

Who needs this certification

Any employee of a Corporate Agent (bank, NBFC, or co-operative) who is involved in soliciting or selling insurance products to customers.

Public sector banks

SBI, Bank of Baroda, Punjab National Bank

Private sector banks

HDFC Bank, ICICI Bank, Axis Bank, Kotak

Small finance banks

AU, Ujjivan, Jana Small Finance Bank

NBFCs

Bajaj Finance, Shriram Finance, Muthoot

Payment banks

Paytm Payments Bank, India Post Payments Bank

Co-operative banks

District co-operative banks empanelled with insurers

What the exam covers

Regulations

IRDAI Corporate Agent Regulations 2015, Insurance Act provisions, RBI guidelines on bancassurance, grievance redressal, and consumer protection.

Suitability & ethics

Needs analysis, suitable product recommendation, disclosure obligations, mis-selling prevention, conflict-of-interest rules, and documentation requirements.

Product knowledge

Life insurance basics (term, endowment, ULIP, pension), general insurance (motor, health, home), and the products your specific empanelled insurer offers.

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