People acquiring this qualification do work that requires an understanding of the Long-term sub-sector within the context of the Financial Services Industry and some specialisation in their selected career path.

  • Qualification: FETC: Long Term Insurance (SAQA ID: 49649)
  • NQF Level: 4
  • Credits: 140
  • Duration: 12 months

Learning units:

  • Describe healthcare cover in South Africa
  • Describe life insurance
  • Indicate the scope of life insurance in South Africa
  • Investigate the need to provide financially for own retirement
  • Analyse the different products available in the Long-term Insurance industry and the benefits of each
  • Analyse new developments reported in the media that could impact on long-term insurance
  • Apply the law of contract to insurance
  • Apply the skills of customer care in a specific work environment
  • Demonstrate knowledge and application of ethical conduct in a business environment
  • Demonstrate knowledge and understanding of insurable risk
  • Describe disability insurance solutions in the context of financial planning
  • Describe group insured benefits
  • Describe issues of compliance or non-activity that could result in civil or criminal liability in terms of business law
  • Describe the control of fraud in Long-term Insurance
  • Investigate dread disease products and their place in wealth management
  • Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002)
  • Apply the regulations for disclosure that are required as part of the financial sales process
  • Explain the Finance Intelligence Centre Act, Act 38 of 2001 and its implications for client relations
  • Apply knowledge and insight into aspects of the Long Term Insurance Act, Act 52 of 1998
  • Describe funeral insurance
  • Explain credit life insurance
  • Manage risk in own work environment
  • Demonstrate skills and techniques required to build a relationship with a client in a financial services environment
  • Manage time effectively to enhance productivity and enable a balanced lifestyle
  • Fundamentals