Introduction to Long Term Insurance

P600 – P3,900



Learning Options

Distance Learning (Installments) – P600
Please select this option if you are making payment for this course in installments. The total cost of this course is P1 290. Your next payment of P430 will be due in approximately 30 days.

Distance Learning (Full Payment) – P1,800
Please select this option if you are making the full payment for the course selected

One Day A Week  – P3,900
This option is for one day a week in class training. Please contact us after finalising your registration should you wish to pay for this course in installments

Introduction to Long Term Insurance

Programme: Introduction to Long Term Insurance
Awarding Body: Botswana Qualifications Authority
Course type: Short course level 3
Duration: 12 weeks but may be less depending on delivery method selected
Facilitation sessions: 6 full day facilitation contact sessions over the 12 week period
Venue: Venue for facilitation sessions to be confirmed

About the NBFIRAs Insurance Prudential Rules:

Historically, there was no clear legislated registration or qualification requirement for insurance brokers/agents/representatives. Anyone could work in the Insurance industry, selling insurance, giving financial advice, administering insurance policies, attending to insurance claims and so on. The only real requirement was that an insurance company should be involved.

Consequently, while a large number of the insurance industry representatives may have been well qualified, some intermediaries may have only had on-the-job training and no formal qualifications or certification.

The NBFIRA’s Insurance Prudential Rules (IPRs) set out the prudential requirements for regulated insurers and intermediaries operating in Botswana. The IPRs were put in place in order to assist intermediaries in the effective discharging of their professional duties towards both insurers and consumers. The IPRs set the level of qualifications required of intermediaries in the insurance sector.

Course Overview:

This course provides the participant with an overview of the basic principles of insurance as applied within the long term insurance sector. It gives a detailed introduction to the various long term insurance products available in the market, the benefits of each and to the legislation that regulates long term insurance sector. We conclude this course by discussing issues of compliance with the participants.

This course meets the minimum qualification requirements required for COP recognition.

Topics covered:

  • Introduction to the law of contract to insurance
  • Introduction to the Insurance Industry Act and the NBFIRA Act
  • 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
  • Describe funeral insurance
  • Describe life insurance
    • Indicate the scope of life insurance in Botswana
  • Explain credit life insurance
  • Investigate dread disease products and their place in wealth management
  • Describe group insured benefits
  • Describe disability insurance solutions in the context of financial planning
  • Describe healthcare cover in Botswana
  • Describe issues of compliance or non-activity that could result in civil or criminal liability in terms of business law

Who should enrol?

This course is intended for learners in long term insurance who advise on long term insurance products. This course is a first step for learners who have attained a Botswana General Certificate of Secondary Education Examination (BGCSE) and wish to continue on a path of life-long learning specialising in Long Term Insurance.

It is also aimed towards learners who have followed a career path in the Long Term Insurance sub-sector, and have no formal qualification in their area of specialisation.

Download the course full course brochure for this course here.

Additional information

Learning Options

Distance Learning (Installments), Distance Learning (Full Payment), One-day-a week

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