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 two professional qualifications in Life Insurance:
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| | Certificate IV in Financial Services - Life Insurance [FNS40107] | |
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The Institute’s Certificate IV in Financial Services – 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 | A$825 per module NZ$910 per module |
| Duration | Five 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 can be achieved by completing the module FSL500 Providing Advice in Life Insurance. |
| Membership Outcome | Associate CIP |
| Further Education | The next step in a career in insurance is the Diploma of Financial Services - Life Insurance. |
Course Content
To be awarded the Certificate IV, students must complete four 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 Providing Advice in Life Insurance
FSL503 Life Insurance Distribution
FSL505 Life Insurance Underwriting
FSL506 Life Insurance Claims Management.
