Tata AIG Life Insurance Company Ltd.

CORPORATE TRAINING & DEVELOPMENT

CERTIFIED FINANCIAL PLANNERCM (CFPCM) Certification

INTRODUCTION

The CERTIFIED FINANCIAL PLANNERCM (CFPCM) Certification designation is reserved for Financial
Planning Standards Board (FPSB), India members who have proven qualifications and experience
attesting their expertise in Financial Planning. It is the highest level of professional endorsement offered
by the FPSB India and carries international recognition.

Tata AIG Life Insurance Company Ltd is an authorized Education Provider for the Certified Financial
PlannerCM (CFPCM) Certification Program and is the first and only insurance company that offers the CFPCM
Certification Program to its advisors, channel partners and employees as an education provider.

Modules for CERTIFIED FINANCIAL PLANNERCM Certification Program:

Module I Introduction to Financial Planning

Module II Risk Analysis and Insurance Planning
Module III Retirement Planning and Employee Benefit
Module IV Investment Planning
Module V Tax and Estate Planning
Module VI Advanced Financial Planning

EXAMINATIONS

The structure of Examination for CERTIFIED FINANCIAL PLANNERCM Certification is as follows:

Module Modules Examination Modules Duration

Covered
I Introduction to Financial Planning Nil Nil Nil
II Risk Analysis and Insurance Planning Exam - 1 I and II 2 Hrs
III Retirement Planning and Employees’ Benefits Exam - 2 I and III 2 Hrs
IV Investment Planning Exam - 3 I and IV 2 Hrs
V Tax Planning and Estate Planning Exam - 4 I and V 2 Hrs
VI Advanced Financial Planning Exam - 5 VI 4 Hrs
Total Test 5
Total Hrs 12 Hrs

The Associate Financial Planner (AFP) Certification is awarded on successful completion of any one Exam
from Exam 1 to Exam 4.

The CFPCM Certification is awarded on successful completion of all 5 exams. Candidates should have
completed all exams from 1 to 4 before writing exam 5. Candidates not having the relevant experience

CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

can appear for all the Modules but will get the CFPCM Certification only after completing relevant financial
planning work experience.

Examination Model

Examination Model - Examinations 1, 2, 3 & 4

The examination will be centrally administered by the NCFM, National Stock Exchange of India.
Candidates are required to themselves schedule their examinations on-line at the NSE website:
www.nseindia.com on the date, time and venue of their choice, subject to seat availability at NSE
Centres.

Examinations will be conducted on-line. Each exam is of 2 hour duration.

There is no limit on the number of attempts or frequency of taking examinations, provided seats is
available, payment is made and exam is scheduled.

Examination Model - Examination 5

The examination will be administered by the FPSB India, at centers and timings which will be notified
by FPSB India by e-mail. Hall Tickets will NOT be issued. Students will get SMS alerts and e-mail from
NSE informing about the Examination

The exam is for 4 hour duration from 9.30 am to 1.30 pm and is conducted on-line.

Eligibility Criteria: Candidate shall be eligible to appear for Examination 5 only when s(he) has;

Completed Higher Secondary Certificate (HSC), Twelfth (or equivalent) examination from recognized
Board / University, and,
Cleared Examination 1, 2, 3 & 4 of CFPCM Certification Program.

Examination Pattern

Pattern - Examination 1, 2, 3 & 4

The candidates will answer a multiple choice examination, administered on-line by the NSE. All
questions are designed to have a question body with 4 alternative answers. The candidates are
expected to click the correct answer. The correct answers are coded and stored in the system.
Candidates’ answers are checked against these answers and scores are allotted by the system. The
examination process is fully automated from the point of creation of test paper for the candidate to the
declaration of results. The marks for each question are provided along with the question.

The scoring system assigns pre-specified marks to each correct answer. There is no negative
marking.

Permitted Accessories- Candidates will have access to MS Excel in the computers on which they take
examinations. A good level of proficiency with MS Excel, particularly the finance function formulae and
calculations is essential. Candidates are permitted to bring in their calculators–scientific/financial as

2 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

appropriate. Candidates are expected to use only blue or black ballpoint pen for their working paper. It
may be however noted that no exchange of accessories will be permitted during the examination.

Pattern – Examination 5

Examination 5 shall involve case study/studies and will be conducted on-line. FPSB India shall send
four probable case studies, in advance, to each student on their registered email-id. The Question paper
shall consist of a Test Booklet having any two similar Case studies depicting real life scenarios of
individual Financial Planning situations. The Test Booklet shall be distributed at the time of Examination.
Set of questions or incomplete statements based on the given case study shall appear on the system.
Each question or incomplete statement is followed by four alternatives. Students are expected to select
the correct alternative on the system and also fill-in the answer script provided by FPSB
India. Each question will carry pre-specified marks for each correct answer. There is no negative
marking. FPSB India will provide the students with answer backup sheet and rough sheets for doing
their workings. The student has to return the Test Booklet and the answer backup sheet along with all
rough sheets, to the invigilator before leaving the examination hall. Students are required to fill the
answer backup sheet simultaneously in order to avoid loss of time due to system failure, if any.

The candidates will be evaluated based on the following learning objectives:

Determining the client’s financial status by analyzing and evaluating the client's
information.
Assessing the goals and objectives of client, commensurate with client’s value,
temperament and risk tolerance (including asset allocation).

The candidates are expected to know the names and basic information on Key Financial Products
(Mutual Funds, Insurances, Bonds etc.) available in the market today, under broad categories; and
would be expected to incorporate the same in the solutions being offered.

Permitted Accessories: Candidates are permitted to use their calculators – scientific / financial. Students
shall also have access to Excel/Calculator in the computers provided by NSE. It may however be noted
that no exchange of accessories will be permitted during the examination. Laptops / computers are not
allowed for this examination.

EXAMINATION RESULTS

Results for all examinations: 1,2,3,4 & 5, will be declared by the system itself once the student
clicks the ‘SUBMIT’ button after the Examination is completed OR if the Examination duration is elapsed
the system will treat the answer sheet as ‘submitted’ and result will be displayed on the screen. Students
shall get a printout of their result at the test center after the Examination.

Candidates can also view their results at a later date by going to the link NCFM (Online Register/Enroll)
on NSE website and logging in.

Evaluation System

For Exams 1 to 4:

A candidate who scores 60% or more will pass the examination and anyone who scores below 60%
(exclusive) will fail the examination.

3 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

Grade Score(Percentage)
A Equal and above 80%
B Between - Equal & above 70% and less than 80%
C Between - Equal & above 60% and less than 70%
Fail Less than 60%

For Exam 5:

A candidate who scores 50% or more will pass the examination and anyone who scores below 50%
(exclusive) will fail the examination.

Grade Score(Percentage)
A Equal and above 75%
B Between - Equal & above 60% and less than 75%
C Between - Equal & above 50% and less than 60%
Fail Less than 50%

Successful students in the CFPCM examination are not given their scores or ranks as practiced in most
International Professional Certification Examinations. However, given the aspiration needs of the
students, grades will be provided to the successful students as outlined above. The unsuccessful students
shall get their marks in percentage terms along with the result.

ELIGIBILITY

9 All confirmed TALIC employees are eligible to register for the Program.

FPSB India requirement:

1) Minimum qualification required to enroll for CFPCM Certification Education Program is HSC/ 12th
pass from recognized board.

2) Eligibility for CFPCM Certification

Sr. No. Qualification Work Experience in Financial Sector

1 12th pass OR equivalent from 6 years
recognized Board/university
2 Graduation 3 years

4 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

PROCESS FOR ENROLLMENT

Process for Membership Registration

1. Visit the Website www.nseindia.com. Go to NCFM (Online Register/Enroll) on the top menu

2. Create an NCFM Number by clicking New User? Register Here. Your NCFM Number will be generated.

3. Visit FPSB India’s website link- www.fpsb.co.in/ocms/- Select Student Registration Form & fill
Mandatory fields online.

4. Pay the Student Member Fees of Rs. 10,000 through Online Payment Gateway / Demand Draft.

5. The System also allows you to generate your Members Login ID and "Password". Generate the
same.

6. Take a print out of the Student Registration Form after filling in the details and submitting. Sign
on the form.

7. After completing the above steps, submit the following documents to Tata AIG Life CFP Coordinator:

1) Student Registration Form print-out, duly signed

2) Demand Draft (DD) of Rs.10,000/- as Membership Fee (if DD option has been opted)
drawn in favour of ‘FPSB, India’ payable at Mumbai.

3) Qualification Certificate (self-attested): 12th/HSC or Graduation

Completely filled Tata AIG Life Enrolment Form needs to be sent to the coordinator as a soft copy.

8. Your documents are sent to FPSB India by the CFP Coordinator

9. Your Membership is activated by FPSB India

10. CFP Coordinator intimates you your Membership Activation Date

11. You can enroll for Examination 1 to 4 only after 60 days of Student Membership Activation by FPSB
India i.e. there is a 60 day lock-in period from the date of Membership Activation, after which you can
start enrolling for examinations.

* Membership shall be valid for 1 year from the date of registration with FPSB India i.e. from your membership
activation date

Once you get your membership activated, you are required to follow the following process
for examination registration:

Process for Examination Registration-Exam 1, 2, 3 & 4

1. Visit the Website www.nseindia.com. Go to NCFM (Online Register/Enroll) on the top menu

5 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

2. Create a NCFM Online Username and Password by clicking Forgot User Id / Password. Your NCFM
Number (generated at the time of Membership Registration) will be the Username and you are required
to create a password.

3. Login by using your Username & Password

4. Check for seat availability for examination.

5. Payment of Examination Fees*: Fee is Rs. 2,000/- per Examination. You need to pay your
Examination fee on-line at the NSE website www.nseindia.com
* Enrolment for Examination can be done only on payment of fee to NSE.
* Note that Re-exam and Fresh exam fees are same

6. Make fee payment as outlined above

7. Schedule your Examination Online, on the website, www.nseindia.com (link: NCFM – Online
Register/Enroll) i.e. name of the Exam, date, time, venue. You will be eligible to schedule any of the
following FPSB India’s Examinations online i.e.
a. Risk Analysis & Insurance Planning
b. Retirement Planning & Employee Benefit
c. Investment Planning
d. Tax Planning & Estate Planning

8. Upload your photograph with NSE at www.nseindia.com

9. Admit Card (Hall Ticket) will be generated on your system after you enroll for the exam(s). You are
required to take a print out of the Admit Card and carry it along with a Photo ID to the Examination
Centre

10. Repeat the Enrollment process to schedule one or more of the Exam 1 to 4.

Process for Examination Registration-Exam-5

(Candidates should have completed all exams from 1 to 4 before writing exam 5)

1. Ensure that all personal information such as mobile number and e-mail address provided by you on
NSE website is correct.

2. Visit FPSB India’s website: www.fpsbindia.org. Login to OCMS link with your username &
password (provided to you by FPSB India).

3. Fill Exam-5 Enrollment Form on-line. Take a print-out of the form and sign on it. Paste your
latest passport size photograph in the space provided on the Form. Note: Exam-5 fee of
Rs.5000/- can be paid online or through Demand Draft.

4. Mention your Date of Birth and Education Provider’s name (Tata AIG Life Insurance Co.
Ltd.) on the form.

5. Submit the completed Exam-5 Enrollment Form print-out along with the following documents
to Tata AIG Life CFP Coordinator:
1) Attested copy of Graduation Certificate
2) Attested copy of Post Graduation/ Doctorate Certificate (if applicable)
3) Attested copy of additional qualification Certificate (if applicable)
4) Copy of Additional Certification i.e. AMFI, IRDA, SEBI etc (if applicable)
5) Detailed Resume

6 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

6) Work Experience Certificate by employer (3years in financial industry)

7) Demand Draft of Rs. 5,000/- towards Full Membership Fee (if DD payment route has been
opted), drawn in favour of ‘FPSB India’, payable at Mumbai.
8) Special Declaration Form attested (this is a part of the above form)
9) Attach your Business Card and the Business Card of the person giving Special
Declaration to the form and send it to Tata AIG Life CFP Coordinator.
(all attestations to be done by Gazetted Officer or by Head of HRD Department of
current employer)

6. Your documents are sent by CFP Coordinator to FPSB India.

7. You will get SMS alerts and e-mail from NSE informing about the Examination Schedule and test
centre address prior to the Examination.

8. On clearing the Exam-5, you need to apply for permission for usage of CFPCM Certification Mark. For
this, fill in the CFPCM Certification Form on-line and make a payment of Rs.5000/- on-
line/through Demand Draft.

9. Your documents will be sent to FPSB India and the mark usage confirmation will be sent to you by e-mail.

Note: Exams1 to 4 are conducted on-line at 71 NSE test centres across the country.
Exam 5 is conducted on-line at six locations i.e. Mumbai, New Delhi, Hyderabad, Kolkata, and
Chennai & Ahmedabad.
The number of centres and locations are subject to change as per FPSB India’s notifications.

STUDENT MEMBERSHIP RENEWAL

Student Membership Renewal for the year 2009-10

FPSB India Student Membership is valid for a period of 1 year only from the date of membership
Activation. A student is allowed to pursue the CFP/AFP Certification Program i.e. undergo Education
Program, appear Examinations & apply for Certification during this period. A Student, who does not
complete his /her CFP/AFP Certification within 1 year timeframe, needs to apply for Student Membership
Renewal with FPSB India to continue pursuing the CFP/AFP Certification Program.

Student Membership Renewal Procedure

1. Check Validity of FPSB India Student Membership

2. Fill Student Registration Renewal Form on-line

3. Payment of Rs. 10,000 by Demand Draft in favor of Financial Planning Standards Board
India, alternately the payment can be made on-line (www.fpsbindia.org) (The same shall be valid for 1
year).

4. Submit a print out of the Form ( and Demand Draft if opted) to CFP coordinator

For candidates who had enrolled for membership prior to August 1, 2008, the membership validity period
is 3 years. These candidates will be required to renew their membership on completion of 3 years if they
wish to continue membership; after which their membership will be valid for 1 year.

The reasons for the revision being following:

7 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

1. Increase in frequency of examinations being held. As it may be recalled FPSB India held 2 exams in a
year till 2005. Currently Exam-5 is conducted every month i.e. 12 times a year.

2. Establish academic rigor in the CFPCM Certification Education Program, so as to encourage each
candidate to complete the Program within this stipulated duration.

FEE REIMBURSEMENT

Employees are eligible for 100% reimbursement of membership & examination fees on successful
completion of every exam. Membership fee (which is a one-time fee), will be reimbursed along with the
reimbursement of the first exam fee.

Process for Reimbursement:

On successful completion of an exam, you need to submit the following documents to HO CFP
Coordinator:

1) In case of Exams-1 to 4: On-line fee receipts/proof of fee payment from FPSB India/Admit Card
In case of Exam-5: Copy of Demand Draft/ proof of fee payment from FPSB India

2) Copy (hard/soft/scanned) of the Result/Passing Certificate

Your reimbursement will be processed on receipt of the above mentioned documents.

ACADEMIC SUPPORT

Candidates registered for this program require continuous academic support by way of contact classes,
assignments and query addressing for better understanding of the subjects.
There are four steps for preparation for the examinations:

ƒ In depth study of concepts covered to the module. (TALIC text books)

ƒ Practice of problems (from workbooks)
ƒ Preparation for the examination by solving mock tests
ƒ Attending the contact classes

The Study Materials (Books containing concepts and exercises) will be provided to the candidates after
the examination registration. Candidates are required to submit a copy of their Hall Ticket to avail of the
study materials.

Contact Classes will be held at the four zonal offices and at other locations as decided by the zone
academic in charge.

CERTIFICATIONS

On successful completion of the required examinations the AFP and CFPCM Certification will be provided
by FPSB, India. For AFP certification, candidates need to fill in the AFP Certification Form on-line
(www.fpsbindia.org) and make a payment of Rs.1000/-(on-line payment/Demand Draft). In case of
CFPCM Certification, candidates need to fill in the CFP Certification Form on-line (www.fpsbindia.org) and
make a payment of Rs.5000/-(on-line payment/Demand Draft).

8 CFP-Process Document: TALIC Employees

Tata AIG Life Insurance Company Ltd. CORPORATE TRAINING & DEVELOPMENT

CONTACT PERSONS

For Academic queries:

Location Name Tel no. Email
HO & South Ethel Correa 022 66479016 Ethel.Correa@tata-aig.com
West Zone Vivek Sharma 022 6651000 Vivek.Sharmaags@tata-aig.com
North Zone Sanjay Sethi 011 42658134 Sanjay.Sethi@tata-aig.com
East Zone Ayan Chatterjee 033 22825155 Ayan.Chatterjee@tata-aig.com

For Registrations queries:

Location Name Tel no. Email
HO Vandana Somasundaran 022 66479364 Vandana.Somasundaran@tata-aig.com
West zone Tanusri Datta 022 66516527 Tanusri.Datta@tata-aig.com
North zone Ravi Shankar 011 42658134 Ravi.Shankar@tata-aig.com
East zone Gargee Yagnik 033 22825155 Gargee.Yagnik@tata-aig.com
South zone Priya Jayadeep 080 66938933 Priya.Jayadeep@tata-aig.com

CFPCM, CERTIFIED FINANCIAL PLANNERCM and are certification marks owned outside the U.S. by Financial Planning
Standards Board Ltd. Financial Planning Standards Board India is the marks licensing authority for the CFP marks in India,
through agreement with FPSB.

9 CFP-Process Document: TALIC Employees