NIA Life Agent case studies
NIA Life Agent · Put your knowledge to work in context.
The NIA Life Agent credential refers to the licensing examination a candidate must clear to be appointed as a life insurance agent in India under the regulatory framework administered by the Insurance Regulatory and Development Authority of India (IRDAI), with the syllabus and training content associated with the National Insurance Academy. Passing it is a precondition for appointment by a life insurer; the insurer then issues the agent a licence to solicit and service life insurance business. The NIA Life Agent case studies are 5 cases and about 4,292 words.
1The Non-Smoker Who Smoked: Material Non-Disclosure, Section 45 and the Agent's Duty
Rohit Mehra, 47, a sales manager earning ₹18 lakh a year, applies for a ₹1 crore, 30-year term plan at an annual premium of about ₹26,000. On the proposal form he ticks 'non-smoker' although he has smoked 8-10 cigarettes a day for 20 years, and he omits a 2019 hospitalisation for chest pain.
848 words, about 4 min2Divorced Nominee, Remarried Spouse and a Collateral Assignment
Anita Sharma, 46, died in a road accident in March 2025. Her ₹50 lakh endowment policy, taken in 2014, named her then husband Vikram as nominee.
859 words, about 4 min3Suicide Nineteen Days After Grace Begins and Eleven Months After Revival
Kabir Nair, 39, bought a ₹40 lakh term plan in 2019 with an annual premium of ₹9,200 and a policy anniversary of 1 September. He paid three premiums, then defaulted on the 1 September 2022 renewal and the policy lapsed after the grace period.
863 words, about 4 min4Section 80C, the ₹5 Lakh Trap and a Cash Premium for a Nephew
Meera Joshi, 50, paid the following premiums in the financial year 2024-25, all by cheque from her own savings account: a 10-year endowment plan with a sum assured of ₹25 lakh and an annual premium of ₹3,00,000, issued in June 2023; a pure term plan with a sum assured of ₹1 crore and an annual premium of ₹45,000, issued in 2019; and a ULIP with a sum assured of ₹30 lakh and an annual premium of ₹3,00,000, issued in July 2024. She now wants to pay ₹1,20,000 in cash to her agent to cover the first premium on a policy on her 11-year-old nephew's life.
859 words, about 4 min5₹2 Crore Term or ₹5 Lakh a Year Endowment: A Needs and Affordability Judgement
Nikhil Rao, 34, earns ₹18 lakh a year (take-home ₹1.25 lakh a month); his wife earns ₹4 lakh. Household expenses are ₹55,000 a month and they pay ₹41,000 a month on a ₹45 lakh home loan with 18 years remaining.
863 words, about 4 min