Capt. Manuvar,
Part of the FIC is how to teach simple instrument flying (and we know it is not simple).
I first emphasise how difficult flying on instruments is without further training before moving on to the required 180 degree turn. See how long it takes to develop an unusual attitude with the right amount of distraction.
Also, I teach from a field with no IAP (unfortunately) so having an IR does not allow me to "get it back down".
BTW I have a lapsed IMC rating, current FAA IR, soon to gain JAR IR.
Personally, It is not much use operationally to me having an instrument rating, but I do feel better equipped to instruct the dangers of instrument flight and I feel better prepared to fly in less than perfect weather.