The primary purpose of the Higher Certificate in Short-Term Insurance is to equip students with the knowledge and skills required by short-term insurance specialists operating within the South African insurance environment.
Students will be competent and able to provide short-term insurance advice across the fields of personal and commercial insurance.
The programme is suitable for:
- persons who have already achieved an NQF Level 4 qualification in Short-term Insurance and who want to further their studies in short-term insurance.
- persons working in the financial services industry wishing to enhance, develop or formalise their skills and knowledge with a qualification in this area.
- persons wanting to enter the short-term insurance industry.
- persons requiring a full qualification for FAIS purposes.
The Higher Certificate in Short-Term Insurance appears on the Financial Services Board’s (FSB) list of recognised qualifications for FAIS Fit and Proper purposes. In terms of this rating, the qualification is considered to be a relevant qualification in respect of the product categories indicated as a generic (G) below, while rated as specific (S) or (SP) in Category I in the sub-categories listed here. This means that:
- persons who were appointed in a FAIS role prior to 1/1/2010 and who have completed this qualification may receive exemptions for the second level Regulatory Examinations for the categories where it has been awarded (S) and (SP).
- persons who were appointed in a FAIS role after 1/1/2010 and who have completed this qualification may receive exemption for second level Regulatory Examination for the categories where it has been awarded (SP).
MODE OF DELIVERY
Contact and Distance learning.
RULES OF PROGRESSION
Students are required to complete four compulsory and two elective modules. Students require 120 credits to complete the qualification. There are no module pre-requisites.
Students are generally required to submit an assignment for each module, which contributes 30% towards the final mark. Some modules may have multiple formative assessments. These will be communicated to you at the start of the semester.
Students will write a final, summative assessment at the end of each semester, which contributes 70% towards the final mark. Students need to obtain a sub-minimum mark of 40% in the final, summative assessment and an overall mark of 50% in order to pass the module.
In order to maximise the student support provided on this qualification by Milpark, students are required to have access to the internet, as support material will be available for download throughout the academic year. Internet access is also required for formative assessment.
Distance-learning have a minimum of one year and a maximum of five years to complete this qualification.
On successful completion of the qualification, the student will receive a Higher Certificate, NQF Level 5 (credits: 120). The Higher Certificate in Short-Term Insurance is accredited by the Higher Education Quality Committee of the Council for Higher Education (CHE).