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Education21

FPSB India and Insurance Institute of India (III) to advance financial planning education in India

education by education
May 30, 2024
in Higher Edu, Instiutions, Skills
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FPSB India and Insurance Institute of India (III) to advance financial planning education in India
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The Insurance Institute of India (III), the federation of Insurance Institutes formed for the purpose of building academic and professional capacity for the insurance industry and FPSB India (Financial Planning Standards Board) entered a strategic collaboration and signed a Memorandum of Understanding (MoU) aimed at enhancing professional development within the insurance and financial planning sectors.

This strategic partnership will see FPSB India and Insurance Institute of India working together on several key initiatives, including a Fast Track Pathway for the III Fellows aspiring for CFP certifications. Recognizing the expertise of Fellow members of III, this collaboration will provide them with exclusive entry to the Certified Financial Planner (CFP) through the Fast Track Pathway, enabling them to leverage their existing knowledge and skills for advanced certification.

FPSB India and III pledged to organize joint events, Management Development Programs (MDPs), and Executive Development Programs (EDPs). These initiatives aim to provide high-quality training and development opportunities for professionals in both sectors.

The two organizations will collaborate to co-create and launch joint certification courses on topics of mutual interest. These courses will address the evolving needs of the industry and equip professionals with the latest skills and knowledge. FPSB India and III will also work together on research projects, surveys, and questionnaires to generate valuable insights and contribute to the advancement of the insurance and financial planning community.

The MoU between FPSB India and Insurance Institute of India signifies a commitment to excellence and innovation in the fields of insurance and financial planning. Both organizations look forward to a fruitful partnership that will drive the industry forward and benefit professionals and consumers alike.

MOU with Insurance Institute of India was signed at III Mumbai campus in the presence of Mr. S. N. Satpathy, Secretary General, III; Mr. P. Jaipuria, Director, III; Dr. Ramesh Satuluri, Assistant Professor (Research), III among other faculties and III officials.

Speaking at the MoU signing Krishan Mishra, CEO, FPSB India, “Our partnership with the Insurance Institute of India marks a significant milestone in our efforts to elevate the standards of financial planning and insurance education in India. Together, we will create pathways for professionals to achieve new heights in their careers and better serve the needs of their clients.”

N. Satpathy, Secretary General of the Insurance Institute of India, expressed his enthusiasm for the partnership, stating, ” We are confident that the collaboration will bring significant benefits to our Fellow members and the industry at large. By combining our strengths, we can provide unparalleled opportunities for professional growth and development in the financial planning ecosystem of the country.”

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