NIA Life Agent study plan

Map every life insurance product category (term, whole life, endowment, ULIP, money-back, annuity, group) to its core mechanics, premium structure and payout pattern.

Distinguish insurable interest, indemnity, utmost good faith, proximate cause and subrogation, and explain which principles apply or do not apply to life insurance.

Compare participating versus non-participating policies, and traditional versus unit-linked products, on risk borne by policyholder and return profile.

Explain how mortality, interest and expense assumptions combine to set a life insurance premium.

Explain the underwriting process end to end: proposal, disclosure, medical and financial underwriting, and risk classification.

Apply the concepts of standard, substandard, declined and postponed risk decisions to short scenarios.

Describe how ratings work, including extra mortality premiums, exclusions, lien and postponement, and when each is used.

Identify the key underwriting information sources: proposal form, medical examiner report, attending physician statement and MIB-style databases.

Link product features such as riders, surrender value, grace period and policy loan to the underwriting and pricing decisions behind them.

Explain the roles of the proposal form, first premium receipt, policy schedule and endorsements in forming the contract.

Trace premium payment modes, grace period, lapse, revival and the conditions for reinstating a lapsed policy.

Describe policy servicing transactions: nomination changes, assignment, address change, duplicate policy, and partial withdrawal in ULIPs.

State what a free-look period is and calculate the refund payable when a policy is returned within it.

Distinguish death claim, maturity claim, survival benefit and surrender value claim, and list the documents required for each.

Explain the claim settlement process, including early claims, investigation triggers and the timeframe for decision.

Apply nomination rules: who receives the benefit, how a nominee differs from an assignee, and what happens when no nomination exists.

Explain absolute and conditional assignment, and how assignment affects the rights of the policyholder and the insurer.

Summarize the IRDAI Act's objectives and the regulator's powers over insurers, intermediaries and agents.

List the licensing requirements, qualifications, training and renewal conditions for a life insurance agent.

State the code of conduct duties on disclosure, suitability, rebating prohibition and fair treatment of customers.

Identify unethical sales practices such as misrepresentation, twisting and churning, and describe the correct conduct in each case.

Explain the tax treatment of life insurance premiums, maturity proceeds, death benefits and surrender values under the applicable income tax provisions.

Describe the agent's anti-money-laundering obligations: customer due diligence, suspicious transaction reporting and record keeping.

Outline the grievance redressal ladder from insurer grievance cell to the insurance ombudsman, including limits and timelines.

Identify unfair business practices and the consumer protections available to a policyholder.

Calculate simple and compound interest, present and future value, and apply them to premium and maturity illustrations.

Compute human life value and need-based insurance cover for a sample household.

Explain mortality tables, probability of survival and how they underpin premium calculation.

Build a basic financial plan that allocates savings across protection, retirement and liquidity needs.

Revise the highest-weight domains using condensed notes rather than rereading full material.

Complete two full-length mock exams under timed conditions and review every error.

Recite the agent code of conduct and licensing conditions from memory without notes.

Resolve the weakest three topics identified in mock review with targeted practice.