The Insurance Institute of India  or III, (Regd.) formerly known as Federation of Insurance Institutes (J.C. Setalvad Memorial) (Regd.) was established in the year 1955, for the purpose of promoting Insurance Education & Training across the country. The Institute is a professional body serving the cause of the emerging  Insurance Industry. The Institute conducts examinations at three levels: Licentiate, Associateship and Fellowship as also examinations – Certificate in Foundations of Casualty Actuarial Science (General Insurance) and Certificate in Insurance Salesmanship.
 III is the only professional insurance institute in India and is a chartered member in the Institute of Global Insurance Education (IGIE). (
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At DPS, students are provided with regular training sessions on the first two levels of Insurance, as required to become a member of III.
Students of BCOM Professional, BBA F&A and BCOM Regular (Morning Track) are eligible to take up this programme


Open Elective