Our online tuition + 12 month practical training course equips you with the essential knowledge and skills to assess client needs and provide ethical, professional guidance on life insurance products. It’s tailored to meet current Australian Securities and Investments Commission (ASIC) standards and the Australian financial services (AFS) licensing requirements at the Tier 1 level.
To be RG146 compliant for general advice in Tier 1 Life Insurance, completion of the Generic Knowledge module is also required.
Our RG146 Life Insurance course can be undertaken as a focused, short program under the Responsible Manager Nomination Option 3. This option is ideal if your role specifically relates to life insurance products or services (RG 105.69).
Course Overview:
- Explores term life, trauma/critical illness, total and permanent disability (TPD), and income protection policies.
What You’ll Learn:
- Introduction to Insurance Markets: Gain an understanding of how insurance markets function and the key players involved.
- Life Insurance Products: Learn the fundamentals of different life insurance products available in Australia.
- Life Insurance Underwriting, Premiums, and Claims: Understand the processes behind underwriting, premium calculation, and claims management.
Key Takeaways:
- Grasp the defining features of life insurance products.
- Gain insights into the Australian insurance market and its participants.
- Learn about the critical components of insurable risks.
- Explore the various types of insurance available in Australia.
- Understand how insurers calculate premiums.
- Recognize the roles of agents, brokers, and underwriting agencies.
Certification: Upon completing the RG146 Life Insurance course, you will receive a Certificate of Completion. Additionally, successful completion of both the Generic Knowledge and Life Insurance modules will earn you a Certificate of Attainment, confirming your compliance with RG146 requirements for providing general life insurance advice.
This course is perfect for those looking to deepen their understanding and skills in life insurance, guided by expert support in a flexible, focused learning environment.
$1,199.00$899.00