Bancassurance

About Bancassurance

A connection between a bank and an insurance provider is known as bancassurance. It aims to provide insurance benefits or products to the bank's clients. In this arrangement, bank employees and tellers operate as the customer's point of contact and point of sale.

Bancassurance enables bank to broaden their services to customers and leverage their existing client base as well as address the insurance needs of its customers. Bancassurance has gained immense popularity across the globe resulting in huge demand for certified professionals.

Why is Bancassurance important?

The benefit of bancassurance is:

• The right product: It gives customers a personalized insurance option.
• Right Place: They are already there for their banks, where they go for their financial requirements. This enhances the clients' entire experience.
• Address insurance needs of customers
• Leverage existing clients
• Increase revenue and profits for the bank

Bancassurance certified professionals, executives and managers are in high demand in companies across the globe.

Who should take the Bancassurance Exam?

• Bank marketing professioanls
  
• For people who have recently graduated from high school or are just starting their careers and want to pursue a career in bancassurance, this qualification is the ideal starting point.
• This certification might lead to other areas of study or practice in bancassurance if you are currently a financial advisor or insurance agent who wants to have a basic understanding of the subject.
• Additionally, this qualification can be included in the induction materials used by businesses looking to improve worker understanding in this area.
• The sales personnel of banks who sell or distribute insurance products are recommended to take this exam.

Bancassurance certified professionals, executives and managers are in high demand in companies across the globe.

Knowledge and Skills required for the Bancassurance

Specific skills are needed to excel in career of Bancassurance which includes analytical bent of mind and quick learning skills.

Bancassurance Practice Exam Objectives

Bancassurance exam focuses on assessing your skills and knowledge in concepts and application of Bancassurance

Bancassurance Practice Exam Pre-requisite

There are no prerequisites for the Bancassurance exam. Candidates who are well versed  in Bancassurance can easily clear the exam.

Bancassurance Certification Course Outline

1. Introduction to Insurance Industry and Bancassurance
2. Life Insurance Products and their Mechanisms
3. General Insurance Products and their Mechanisms
4. Risk Management
5. Identification of Clients’ Insurance Needs and Sales Cycle
6. Ethics and Regulatory Framework

Exam Format and Information

Certification name – Certificate in Bancassurance
Exam duration – 60 minutes
Exam type - Multiple Choice Questions
Eligibility / pre-requisite - None
Exam language - English
Exam format - Online
Passing score - 25
Exam Fees  - INR 1199