ICAI’s post qualification course ‘Diploma in Insurance and Risk Management (DIRM)’ is intended to equip the members to become Insurance and Risk Management professionals/ consultants. The DIRM Course is tailor-made for CAs who wish to emerge as preferred professional in the insurance sector. The contemporary and comprehensive course material of the DIRM Course provides inputs required to comprehend the nitty-gritty of the insurance industry.
Registration for the Course is open throughout the year. Members registered to the Course will be eligible to appear for Technical Examination of the Course only after completion of an interval of nine months and satisfactorily completion of postal Eligibility Test Papers.
FAQs about ICAI’s post qualification course DIRM, including information on prospectus, fee, registration, eligibility tests, exams, etc. are as under:
1. Where can we get a copy of the prospectus from?
The prospectus will be available at all Regional Offices & Branches of the Institute. The members can request the Chairmen of their respective Branches to indent for the required number of copies of the prospectus from the concerned Regional Offices.
2. What is the price of the prospectus?
The price of the prospectus is Rs. 150/- (Rupees One hundred fifty only). The price includes the cost of application form, which is available within the prospectus.
3. What is the fee for registration?
The fee for registration for the Course is Rs. 6,000/- (Rupees Six thousand only) which has to be paid in the form of a Demand Draft/Pay Order in favour of ‘The Secretary, The Institute of Chartered Accountants of India’ and payable at New Delhi.
4. Where can the application form be submitted?
The duly filled application form for registration can be submitted by hand/registered post/courier in a cover superscribed with “Application for DIRM Registration” alongwith the DD/PO with the Secretary, Committee on Insurance at the Institute’s Head Office address. The application forms can also be submitted with the Institute’s Regional Offices/Branches, who shall forward the same alongwith the instrument to the Secretary, Committee on Insurance of the Institute.
5. How will we come to know about our registration?
The registered candidates shall receive a communication from the office of the Committee on Insurance of the Institute signifying their registration for the Course and stating the procedures to be followed by them.
6. Do we get any study material after registration?
The candidates are also recommended to refer the books/material as prescribed in the prospectus for the Course.
7. Are the reference books/material available in the market?
The reference books are available in the libraries of the Regional Offices/Branches of the Institute.
8. Shall the Institute conduct any contact classes for the Course?
The Committee on Insurance of the Institute may announce the programme for the contact classes, workshops, seminars, lecture meetings, etc., as may be decided from time to time.
9. What is the pass percentage required to be secured in ET?
A candidate shall have to secure a minimum 45 percent of the maximum marks assigned to each ET of a Module. The candidates passing the ETs of all the four modules shall be issued an ET Completion Certificate.
10. What is the fee for appearing in the Technical Examination?
The fee for appearing in the Technical Examination has been fixed Rs. 1,000/- (Rupees One thousand only) which has to be paid in the form of a Demand Draft/Pay Order in favour of ‘The Secretary, The Institute of Chartered Accountants of India’ and payable at New Delhi, which should accompany the form prescribed for the application for appearance in the Technical Examination.
11. What is the pass percentage required to be secured in Technical Examination?
A candidate shall have to secure a minimum 40 percent of the maximum marks assigned to the Technical Examination of each Module and 50 percent in aggregate.
12. What will be examination pattern?
The questions will be set in such manner that the application skills of the candidates are tested. The questions will include Case Studies and Objective Type Questions also.
13. What will be the period of validity of a Eligibility Test Completion Certificate?
The ET Completion Certificate issued (to be issued) to DIRM candidates will have unlimited validity with no revalidation requirements.
14. What if the ET Completion Certificate expires?
Since the ET Completion Certificate issued (to be issued) will have unlimited validity with no revalidation requirements, there is no question of expiring it.
The Last Date for registration for DIRM Course May Examination is 31st July of the year before the year of examination and similarly, it’s 31st January of the same year for November Examination of DIRM Course.
Please visit ICAI website for official/ updated information.