Who we are

Objectives

Insurance Foundation of India is set up under Trust Registration Act. 1882 of Government of India and is a nonprofit making organization. The objective and purpose behind setting up of the Insurance Foundation of India (IFI) is:

Programme & Executive Education Programme:

  • Organize National/ International Conferences/ Programme/ Workshops for those working for Insurance industry and for common people who may like to participate and get knowledgeable about the Insurance policies/products
  • Facilitate/support/ fund members to attend international programme with a view to widen their knowledge of the insurance industry in the world and how the good features can be adapted in Indian conditions
  • Establish Legal Cell to provide assistance toinsurance customers comprising of individuals/ families/ corporate/ NGO’s/ institutions

Include Insurance in basic education

  • Include Insurance as a Subject in Class 10 & 12 of the School so that insurance Industry gets large reservoir of pool to expand in the rural India. Awareness of Insurance among those coming out of Schools will result in growth of Insurance market in India

Assist the Insurance consumers of India

  • Protect the interests of members by taking up issues with Insurance Companies, Insurance Ombudsman, IRDA, Government of India, Consumer Forums at various levels on all India basis and any other agency
  • Bring out Newsletter/ Publications/ Books/ Studies/ reports in media like print, copy, electronic, TV, web based
  • Publish books/translate books in English/Hindi and all regional as well as vernacular languages so that masses living in urban/ semi urban/ rural parts of India can use Insurance as part of their financial planning/risk management

Collaborate with World Class Institutions

  • Intend to collaborate with Schools/Business Schools/ Institutes/ Universities of international repute (within India and abroad) for achieving the objectives of the Foundation

Set up educational institutions

  • Schools
  • Colleges for Under Graduate/Post Graduate Studies
  • Courses/Professional Courses/Vocational Courses
  • World Class Institute for Actuarial Science Studies

Establish and promote On Line Education

  • Set up facilities for online education, training, dissemination of Insurance and Insurance related subjects/information among students, as well as professional specialists working in Insurance Industry (Companies, Intermediaries, TPA’s, Surveyors, Actuaries), masses and general public.