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Automobile dealers would need to licence themselves as Motor Insurance Service Providers (MISP) with the insurance regulator according to the new guidelines issued by Insurance Regulatory and Development Authority of India (IRDAI).
The IRDAI Guidelines
1) The MISP shall nominate a person who shall be responsible for its compliances with the guidelines. Such a person shall be called its Designated Person.
2) The Designated Person and all persons distributing motor insurance policies shall be at least 12th Pass and shall undergo training and examination of Point of Sales (POS) Person to the extent specified by the authority.
3) They will be given unique identification number based on their Aadhar No.
Course Curriculum
| Module 1 | |||
| Introduction to Insurance | FREE | 03:00:00 | |
| Practice Test – Module 1 | Unlimited | ||
| Module 2 | |||
| Indian Insurance Market | FREE | 03:00:00 | |
| Practice Test – Module 2 | Unlimited | ||
| Module 3 | |||
| Principles and Practice of Insurance | FREE | 03:00:00 | |
| Practice Test – Module 3 | Unlimited | ||
| Module 4 | |||
| POS Guidelines | FREE | 03:00:00 | |
| Practice Test – Module 4 | Unlimited | ||
| Module 5 | |||
| Miscellaneous | FREE | 03:00:00 | |
| Practice Test – Module 5 | Unlimited | ||
| Final Assessment | |||
| Final Test | Unlimited | ||
| Final Assessment 1 | |||
| Final Test | Unlimited | ||
