As the leading professional membership and education body for the insurance and financial services industry the Institute is uniquely placed to offer people working in life insurance a range of professional solutions.
From professional recognition through Institute membership to internationally recognised qualifications and practical, day-to-day professional development activities designed to meet regulatory requirements, the Institute offers the life insurance community the best mix of quality and affordable services.
The Institute offers the following professional qualifications in Life Insurance:
| Certificate IV in Life Insurance [FNS40107] |
The Institute’s Certificate IV in Life Insurance is designed for employees starting out in life insurance. Developed to meet industry standards and compliance, the Certificate IV provides the technical knowledge and skills needed to provide quality services to clients and can be undertaken through a traineeship or distance learning.
| Fee |
Australia and International: A$980 per module Emerging Markets: A$690 per module |
| Duration |
Four modules: Each Study Period lasts 12 weeks. (Students are able to study more than one module per study period.) |
| Delivery |
Distance Learning or Traineeship |
| Assessment |
Assessment for each module consists of
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| ASIC Compliance |
RG 146 Tier 1 Life Insurance Compliance is achieved by completing the elective module FSL500 Tier 1 Life Insurance Compliance. |
| Membership Outcome |
Associate CIP |
| Further Education |
The next step in a career in insurance is the Diploma of Life Insurance. |
Course Content
To be awarded the Certificate IV, students must complete three core modules and one elective module. It is suggested that each module will encompass 50–70 hours of study time.
Core modules
Elective modules
FSL500 Tier 1 Life Insurance Compliance
FSL503 Life Insurance Distribution
FSL505 Life Insurance Underwriting
FSL506 Life Insurance Claims Management.
| Diploma of Life Insurance [FNS50107] |
The Institute’s Diploma of Life Insurance is designed for employees working in life insurance and provides Senior Associate CIP membership of the Institute – the benchmark for industry professionalism.
Developed to meet industry standards and compliance, the Diploma provides the technical knowledge and skills needed to provide quality services to clients and effectively manage a life insurance business.
| Fee |
Australia and International: A$980 per module Emerging Markets: A$690 per module |
| Duration |
Six modules: Each study period lasts 12 weeks. (Students are able to study more than one module per study period.) |
| Delivery |
Distance Learning |
| Assessment |
Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| ASIC Compliance |
RG 146 Tier 1 Life Insurance Compliance is achieved by completing the module FSL500 Tier 1 Life Insurance Compliance. |
| Membership Outcome |
Senior Associate CIP |
| Further Education |
Completion of the Diploma provides credit into the Bachelor of Business (Insurance) at Charles Sturt University (CSU) . |
Course Content
To be awarded the Diploma of Life Insurance, students must complete three core modules and three elective modules. It is suggested that each module will encompass 50–70 hours of study time.
Core modules
Elective modules
FSL500 Tier 1 Life Insurance Compliance
FSL503 Life Insurance Distribution
FSL505 Life Insurance Underwriting
FSL506 Life Insurance Claims.
Exit Points
Students who only complete the core modules for this course are eligible for the Certificate III in Life Insurance. Those who continue by studying one of the elective modules are eligible for the Certificate IV in Life Insurance. Those who continue study and successfully complete two additional elective modules after that will be eligible for the full Diploma.
Further Education
Completion of the Diploma provides credit into the Bachelor of Business (Insurance) at Charles Sturt University (CSU). Further information regarding university pathways is available here.
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| Diploma of Life Insurance (New Zealand students) [FNS50107] |
The Institute’s Diploma of Life Insurance for New Zealand students is designed for employees working in life insurance and provides Senior Associate CIP membership of the Institute – the benchmark for industry professionalism in the life insurance industry.
Developed to meet industry standards and compliance, the Diploma provides the technical knowledge and skills needed to provide quality services to clients and effectively manage a life insurance business.
| Fee |
New Zealand: NZ$1030 per module Emerging Markets: A$690 per module |
| Duration |
Six modules: Each study period lasts 12 weeks. (Students are able to study more than one module per study period.) |
| Delivery |
Distance Learning |
| Assessment |
Assessment for each module consists of:
- a case study based assignment
- an examination containing multiple choice, short answer and case study based questions. Find out more ... |
| Membership Outcome |
Senior Associate CIP |
Course Content
To be awarded the Diploma of Life Insurance for New Zealand students, students must complete six core modules. It is suggested that each module will encompass 50–70 hours of study time.
Modules
FSL507 Serving the Life Insurance Customer
FSL508 New Zealand Life Insurance Law and Regulation
FSL503 Life Insurance Distribution
FSL504 Life Insurance Products
FSL505 Life Insurance Underwriting
FSL506 Life Insurance Claims.