Skills Unit
LI20006-20

Understand Life Insurance Products and Policies

This unit describes the skills and knowledge required to develop and maintain an in-depth knowledge of the financial products and services provided by a life insurer, or those a life insurer uses, and how they may be applied to customer needs. It applies to individuals who work in various life insurance industry job roles and with a wide range of products or services.

10 CIP Points
Understand Life Insurance Products and Policies
AUD $425
Life and Retirement Income Insurance Broking
5-week Study Period
10 Credit Points
Intermediate

What you'll learn

  • Identify products and services used by organisations
  • Identify compliance implications of products 
  • Determine appropriate users for products and services
  • Maintain product knowledge.

Competencies

FNSILF413 Develop and maintain in-depth knowledge of life insurance products and services

Topics Covered

  • Week 1: Products and services in life insurance 
  • Week 2: Compliance, legislation and ethics 
  • Week 3: Satisfying customer needs 
  • Week 4: Maintaining product knowledge

Assessment

2 Exams and 1 Simulation

10 CIP Points
Understand Life Insurance Products and Policies
AUD $425
Life and Retirement Income Insurance Broking
5-week Study Period
10 Credit Points
Intermediate