NQF Level 5 | NLRD ID: 57918
Who will benefit from the programme?
The National Certificate: Short Term Insurance NQF Level 5 is to build the knowledge and skills required by senior employees in Short Term Insurance who have achieved the Qualification requirements for the Fit and Proper Determination for Short-Term Insurance and are ready to study at NQF Level 5. it is intended to empower learners to acquire knowledge, skill, attitudes and values required to operate ethically and responsibly in the highly regulated Financial Services environment and to respond to the challenges posed by the changing nature of the Financial Services Industry. It should add value to the qualifying learner in terms of enrichment of the person, status and recognition both in South Africa and Internationally.
The Curriculum is aligned to the National Certificate in Short term Insurance 57918 with a total credit value of 120 credits. The programme consists of Fundamentals—30 credits, core—45 credits and electives—45 credits which may vary based on the individual or company’s needs and is available in 30 credit skill blocks. The programme is presented by way of lectures, group discussions, case studies and role plays at NQF Level 5
The minimum entry requirements for admission are:
Learners should have at least a NQF Level 4 Qualification and should meet the requirements for licensing as indicated in the current determination of Fit and Proper Requirements for Financial Services Providers of the Financial Services Board under the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002).
Articulation: As this is an NQF Level 5 Qualification it should provide learner with access to any relevant Qualification at Level 6.
To complete the programme successfully, and be awarded a certificate, learners must be found competent in all aspects of the summative assessment according to requirements listed in the relevant student handbook. Assessment of Participants
Assessment of Participants
Assessment is both formative and summative and includes:
- Individual and group exercises and tasks
- Closed book assessments
The Qualification is intended for people in senior positions and management roles in the Short-Term Insurance Industry (Personal, Commercial and
Corporate lines) including, but not limited to, Intermediaries Senior/experienced Underwriters, Senior/experienced Claims Administrators, Loss
Adjusters, Auditors who specialise in Short Term Insurance and Compliance Practitioners.
- Interpreting current affairs and their influence on Insurance.
- Understanding the nature and scope of short-term Insurance.
- Applying knowledge of legislation, ethics and compliance in a short-term Insurance environment.
- Applying skills of consumer care to build a professional relationship with clients.