FETC: Short Term Insurance Qualification SAQA ID 49929/66610 Level 4 Credits 150

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The INTELLIGO Solutions programme incorporates the FAIS Fit and proper requirements of the FETC: Short Term Insurance Qualification SAQA ID 66610 at Level 4 minimum of 150 credits.

What are the minimum entry level learning requirements to enrol?
• Grade 12
It is assumed that a learner will be competent in:
• Communication at NQF Level 4 in two (2) official South African Languages (Essential)
• Mathematics at NQF Level 4 an advantage – Gr 12 Mathematics
• Concepts of accounting at NQF Level 4 an advantage – Gr 12 Accounting or Bookkeeping
The minimum entry level to this qualification is Grade 12 with 1st & 2nd language and preferably Maths or Maths Literacy with a minimum pass mark of 40%. If you do not have Maths of Maths Literacy it will be required that you complete the applicable unit standards

The FETC: Short Term Insurance Qualification 49929/66610 Level 4 Credits 150 is a FAIS Act Fit & Proper qualification for Insurance Sub Categories :
CATEGORY I
1.1 Long Term A
1.2 Short-Term Insurance : Personal Lines
1.3 Long Term B1
1.4 Long Term C
1.6 Short-Term Insurance : Commercial Lines
1.17 Deposits Defined in the Banks Act – exceeding 12 months
1.18 Deposits Defined in the Banks Act – 12 months or less
1.19 Friendly Society
1.20 Long Term B2

The first SETA accredited pure Online learning platform allows the learner to select the unit standards he/she would like to complete during a set semester period to work towards achieving the full qualification.

How will this qualification benefit your career?

The purpose of the Qualification is to build knowledge and skill required by employees in Short Term Insurance who have had schooling at or below NQF level 4. It is an entry Qualification into Short Term Insurance as learners will not have acquired the necessary knowledge and skills as part of the school curriculum. It is intended to empower learners to acquire knowledge, skills, attitudes and values required to operate confidently as individuals in the South African community and to respond to the challenges of the economic environment and changing world of work in the financial services industry. It should add value to the qualifying learner in terms of enrichment of the person, status and recognition.

As a Qualification that covers Short Term Insurance related learning, it provides a framework for learners to develop competencies that will give them insight into the Short 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 Short 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.

Qualifying learners should be knowledgeable about and competent in:

• Carrying out basic research, information gathering and analysis.
• Interpreting current affairs and their influence on Short Term Insurance.
• Communication and Mathematical Literacy at a level that allows them to operate effectively in the financial services industry.
• Behaviour and ethics in a work environment and the implications, consequences and liability arising out of non-compliance with relevant legislation.
• Managing aspects of personal finances.
• Knowledge of Short Term personal and/or commercial lines products.
• Customer care including internal and external customers.
• Understanding the key terms, rules, concepts and principles of the Short Term sub-sector, in general and their chosen career path, in particular.
• Knowledge of insurable risk and application of the law of contract in Short Term Insurance.
• Managing an information system used in Short Term Insurance.

Learners employed in Short Term Insurance at this level may be Short Term Insurance Intermediaries who advise on Short Term Insurance products, Internal Broker Consultants, Call Centre Operators, Personal Accident Administrators, Personal lines Administrators, Commercial Lines Administrators, Claims, Negotiators, Technicians or Assessors, Client Service Providers, Service Agents, Underwriting Agents, Product Developers, Motor Assessors, Assessors, Reinsurers, Underwriters, Personal Assistants, Secretaries, Service Centre Staff, IT Systems Designers and Analysts in Short Term organisations or learners who work in Marketing Departments of Short Term Insurers. They do work that requires an understanding of the Short Term sub-sector within the context of the Financial Services Industry and some specialisation in their selected career path. The work roles are in personal, commercial/business lines and specialised areas of business such as aviation, transportation (marine) and agricultural Insurance. The Qualification is intended for learners in personal lines and business/commercial lines Insurance who advise on selected Insurance products. It specifically excludes giving advice on the management of risk in commercial/business lines.
Note that:

• Learners who work in the retail industry and sell Insurance as part of their work but are not in a career path in the Insurance industry should do the FETC: Retail Insurance.
• Learners whose work focus is mainly on the management of risk and who give advice on commercial lines or business Insurance as a means of managing risk should do the National Certificate in Risk Management: Level 4.

Contact Details

Contact Person: 

Isobel Rose or Meloney Harris
Course Details

NQF Level: 

Level 4

Credits: 

150

Course Delivery Method: 

E-learning E-learning

Blended Blended

In Class In Class

Distance Distance

Presented Presented Courses

In House In-House

On Demand On Demand

Course Duration: 

3 months per unit standard module

Cost: 

R650.00 + vat per unit standard (e-learning only). Learnerships also available

Course fee Includes: 

FREE credit mapping. Learner material, assessment tools, summative assessment preparation tool, 1st assessment, 1st moderation, Inseta verification and Inseta uploading