COURSE DESCRIPTION

  • Learners have access to their course material for 180 days from date of enrolment , thus are able to complete their study preperation at their lesure. (Self-Paced) 
  • Online assessment (2 multiple choice exam attempts included.)

NQF Level 3 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 3 is equivalent to Grade 11 or Standard 9, and is often a stepping stone to NQF 4 and beyond.

NQF Level 4 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 4 is equivalent to Grade 12 or Standard 10 (Matric), and is a FET – Further Education and Training – category qualification.

NQF Level 5 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 5 is a National Certificate or National Diploma and is a HET – Higher Education and Training – category qualification

NQF Level 6 courses

NQF levels are intended to award registered learners with national accreditation based on their skills and knowledge. NQF 6 is a Bachelors Degree or Higher Diplomaand is a HET – Higher Education and Training – category qualification.

COURSE CONTENT

 

Unit 1 – General principles of insurance planning and risk management

Subclasses – 3.2 – Life Risk Policy
3.3 – Life Investment Policy

  • Explain your understanding of insurance
  • Discuss the law of contract with regards to the following aspects
  • Meaning of a contract
  • Termination of a contract
  • Voidable contracts
  • Duress
  • Undue influence
  • Misrepresentation
  • Discuss what are required for misrepresentation to be proved
  • Act or conduct
  • Wrongfulness
  • Fault
  • Detrimental result
  • Causation
  • Discuss vicarious liability of an employee with regards to
  • Vicarious liability
  • Delictual liability
  • Explain indemnity and non-indemnity insurance
  • Describe insurable risk
  • Describe uninsurable risk
  • Discuss insurable interest

Unit 2 – Insurance Products and the Long-term Insurance Act

Subclasses 3.1 – Life Risk Policy
3.2 – Life Investment Policy
3.4 – Fund Policy
3.5 – Sinking Fund Policy
3.6 – Long Term reinsurance Policy

  • Describe the Acts that govern long-term insurance
  • Point out the difference between the Long-Term and Short-Term Insurance Acts
  • Provide the definition of Long-Term insurance policies
  • Briefly discuss life policies
  • Discuss the classes of long-term policies as defined in the Act
  • Discuss the definitions of insurance products
  • Describe an assistance policy
  • Describe a health policy
  • Describe a disability policy
  • Describe a fund and fund member policy
  • Describe a sinking-fund policy
  • Discuss the Long-term Insurance Act with regards to the following
  • Parties to the life insurance contract

Unit 3 – Application of structured long-term insurance portfolios

Subclasses 3.2 – Life Risk Policy
3.3 – Life Investment Policy
3.4 – Fund Policy
3.5 – Sinking Fund Policy
7.9 – Retail pension benefits (Retirement annuities)

  • Analysing Term Products to determine the cover
  • Analysing Conventional Life Insurance products to determine the cover
  • Analysing Universal Life Products to determine the cover
  • Analysing Retirement Annuities to determine the structure
  • Analysing Investment Linked Products to determine the cover
  • Analysing Long-Term reinsurance policy
  • Interpreting different supplementary benefits available with individual life policies

Course Curriculum

No curriculum found !

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