Long-term Insurance Level 4
Title of Qualification:
SAQA ID: 49649 Further Education and Training Certificate: Long term Insurance Level 4
Duration of Qualification:
This programme consists of Core; Fundamental and Elective Unit Standards as follows and will be covered over a period of one year
Total Number of Credits:140
Module 1: Fundamentals of Communication
Module 2: Communication techniques for effective customer service
Module 3: Fundamental Mathematics and Financial Management
Module 4: Financial Advisory and Sales
Module 5: Understanding Insurance legislation and compliance
Module 6: Demonstrating knowledge of insurance related products
Module 7: Managing oneself and trends in the insurance industry
As a Qualification that covers Long-term Insurance related learning, it provides a framework for learners to develop competencies that will give them insight into the Long-term Insurance sub sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the field that will enable learners to be informed workers in the industry. It provides a balanced learning experience that allows flexible access to life long learning, higher education and to productive employment in Long-term Insurance. It provides an opportunity for learners to learn and apply academic skills in relation to the workplace and will allow for multi-skilling.
Who is the course intended for?
the Qualification is to build knowledge and skill required by employees in Long-term
Insurance who have had schooling at or below NQF level 4.
Learning assumed to be in place and recognition of prior learning
Learners accessing this qualification are assumed to be competent in:
• Communication at NQF Level 3
• Mathematical Literacy at NQF Level 3
• Computer Literacy at NQF Level 3
Recognition of prior learning:
• The FETC: Long-term Insurance allows open access. Provision has been made for prior learning to be recognised if a learner is able to demonstrate competence in the knowledge, skills, values and attitudes implicit in this Qualification. Application for Recognition of Prior Learning (RPL) should be made to a relevant accredited ETQA.
• Credit towards a Unit Standard is subject to quality assurance by a relevant accredited ETQA and is conducted by a workplace assessor.
• This Qualification can be obtained in part or in whole through Recognition of Prior Learning.
• RPL will be done using a range of assessment tools and techniques that have been jointly decided upon by the learner and the assessor.
• The same principles that apply to assessment of the Qualification and its associated Unit Standards apply to RPL.
On achieving this qualification, the learner will be able to:
1. Carry out basic research tasks and applying literacy and numeracy skills to analyse, interpret and evaluate information from a range of sources related to Longterm Insurance or reinsurance and the assessment of risk.
2. Manage personal finances and risk.
3. Apply knowledge of legislation, ethics, compliance and organisational protocols in the Long-term Insurance environment
