CMFAS M9

FOR WHOM

In compliance with the requirements laid down by the Monetary Authority of Singapore, individuals intending to provide any advice on and / or arrange life insurance policies are required to pass this module, together with M5 on Rules and Regulations for Financial Advisory Services.

LEARNING OBJECTIVES

This course trains pre-contract candidates on the new Life Insurance & Investment-Linked Policies module in preparation of the examination with Singapore College of Insurance (SCI).

It provides participants with the knowledge and understanding of the basic life insurance concepts including investment-linked products, annuities, various types of riders, sales process, underwriting process, after sales services as well as the impact of law and taxation on life insurance.

It lays also the concepts and principles relating to performing a proper needs analysis for recommendation of life insurance products. It equips candidates with necessary knowledge on CPF schemes and requirements.

CONTENTS

Chapter 1 - Risk And Life Insurance
Chapter 2 - Setting Life Insurance Premium
Chapter 3 - Classification Of Life Insurance Products
Chapter 4 - Traditional Life Insurance Products
Chapter 5 - Riders (Or Supplementary Benefits)
Chapter 6 - Participating Life Insurance Policies
Chapter 7 - Investment-linked Life Insurance Policies (ILPS): Types, Features, Benefits And Risks
Chapter 8 - Investment-linked Sub-Funds
Chapter 9 - Investment-linked Life Insurance Products: Computational Aspects
Chapter 10 - Annuities
Chapter 11 - Application And Underwriting
Chapter 12 - Policy Services
Chapter 13 - Life Insurance Claims
Chapter 14 - The Insurance Contract
Chapter 15 - Law Of Agency
Chapter 16 - Income Tax And Life Insurance
Chapter 17 - Insurance Nomination, Wills And Trusts