The FETC in Short Term Insurance qualification is suitable for both new and long serving employees in the Short Term insurance industry. The qualification ensures that successful learners are FAIS fit and proper compliant in short term insurance practice. 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.

Qualifications

Further Education and Training Certificate: Short Term Insurance (SAQA ID: 66610 LP: 49929)

Entry Requirements

Communication and Mathematical Literacy at NQF L3

Module 1 – Business Environment and Media

OBJECTIVES
At the end of this programme, the learner should be able to:
• Demonstrate customer care in a specific work environment
• Describe how to manage workplace relationships
• Manage risk in own work environment
• Manage own work performance in relation to an organisation`s performance management system
• Use an electronic system as a tool in a financial services context
• Identify how different needs lead to the development of different Financial Service products
• Identify developments reported in the media that could impact on Short Term insurance

Module 2 – Legislation and Insurance

OBJECTIVES
At the end of this programme, the learner should be able to:
• Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002)
• Apply knowledge and insight into the Short-Term Insurance Act (No 53 of 1998) and the accompanying regulations
• Identify insurable risks
• Underwrite a standard risk in short term personal insurance
• Apply standard insurance cover in terms of SASRIA
• Apply the law of contract to insurance
• Demonstrate knowledge and application of ethical conduct in a business environment
• Identify issues of compliance or non-activity that could result in civil or criminal liability in terms of business law

Module 3 – Products

OBJECTIVES
At the end of this programme, the learner should be able to:
• Demonstrate knowledge and understanding of personal motor insurance
• Apply knowledge and understanding of personal accident insurance
• Demonstrate knowledge and understanding of house owner’s insurance
• Apply knowledge insurance of household contents
• Apply knowledge of personal all risks insurance
• Cover provided under a Short-Term Multi-Peril Insurance policy
• Apply technical knowledge and understanding of business insurance

Module 4 – Fundamentals

OBJECTIVES
At the end of this programme, the learner should be able to:
• Understand the fundamentals of Financial Literacy
• Understand and demonstrate fundamentals of Mathematical Literacy
• Be able to communicate effectively in terms of short-term insurance

Target Group

Open access