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Generic Knowledge and Life Insurance

Generic Knowledge and Life Insurance

Course Details

Description

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.

Estimated Time To Complete

Approx 6 Hours

Learning Outcomes

By the end of this course, you will be able to

Identify key participants in the Australian financial services industry.
Recall major regulatory frameworks, industry bodies, and codes of practice relevant to financial services.
List various financial services and risk insurance products.
Describe the fundamental features and functions of life insurance products.
Demonstrate the importance of aligning product features with client circumstances.
Apply basic tax treatment principles to life insurance scenarios.
Evaluate the importance of adequate insurance cover in mitigating client risk exposure.

Topics

The Australian finance sector
The economic environment
The regulatory framework
Financial products and investment
Specialist knowledge requirements
Difference between general and life insurance
Major intermediaries and parties to insurance
Role of a life insurance adviser
Premiums, policies and products
Life insurance and taxation
Life insurance advice and application process

Requirements

Computer, tablet or mobile
Internet Connection
Edge, Safari, Chrome or Firefox

Course Delivery

Online Learning

Course Access

12 Months

CPD Hours

2 Hours

Assessment

Multiple Choice

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