ICAI has announced this news for its members (CAs) on 2nd March 2009.

The Announcement is:
"This is to inform the members that Insurance Institute of India has decided to grant exemptions in the Licentiate, Associateship and Fellowship papers of its course curriculum to the members of our Institute in general and DIRM qualified members in particular.

The exemption has been granted to the members of our Institute from the following subjects:
Paper No. 12: Insurance Business Environments
Paper No. 21: Information Technology
Paper No. 26: Life Assurance Finance
Paper No. 89: Management Accounting and
Paper No. 99: Asset Management

In addition to the above, a DIRM qualified member shall be granted additional exemptions from the following subjects:
Paper No. 01: Principles of Insurance
Paper No. 11: Practice of General Insurance
Paper No. 82: Statistics

These exemptions will be granted on the basis of certain terms & conditions. For further details in this regard, please contact CoIP Secretariat at 011-30110566 or write at coip@icai.org"