Step into the Life Insurance Advice Industry with Confidence

The Generic Knowledge and Life Insurance course has been carefully designed to equip new entrants to the insurance advice industry with essential foundational knowledge. While this course is not a Tier 1 qualification and does not provide the necessary accreditation to offer personal advice under an Australian Financial Services Licence (AFSL), it delivers critical insight into the core areas expected of financial service professionals.

Through interactive, self-paced modules and multiple-choice assessments, participants will gain a comprehensive understanding of the insurance and financial services landscape in Australia.

Who should enrol

This course is ideal for:

• Individuals entering the insurance advice or financial services industry.

• Support staff working under an AFSL licensee.

• Those seeking Continuing Professional Development (CPD) in the area of life insurance.

• Anyone needing to solidify their understanding of key financial services industry components.

Key features

• 💻 100% Online and Self-Paced: Study at your convenience, anytime, anywhere.

• 📅 12-Month Access: Continue learning and reviewing content for a full year.

• ✅ Two Assessments: Complete two multiple-choice quizzes to test your knowledge.

• 📜 Statement of Completion: Receive a formal statement of completion upon passing.

• 🏆 Earn 2 CPD Points: Accredited for Continuing Professional Development.

Learning objectives

By the end of this course, you will be able to understand and apply knowledge in the following areas:

• The structure and participants of the Australian financial services industry

• The economic environment that influences financial services

• Key regulatory frameworks, including codes of practice and industry bodies

• A broad overview of financial services products

• Deep dive into life insurance products and the taxation implications

• The roles and responsibilities of industry participants like advisers, agents, and brokers

• The importance and relevance of the Insurance Contracts Act 1984

• Risk insurance products and processes for implementing cover

• Understanding the importance of adequate insurance and client protection