Insurance Academy of Botswana

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Introduction to Long Term Insurance

Description

The purpose of this course is to provide learners with core knowledge and understanding of characteristics, terms and features of products for individual clients in the short-term insurance personal lines category of business, including the underwriting of individual risk in personal lines insurance.

In addition to this, the course provides knowledge of legislation impacting on short-term insurance personal lines products in Botswana. Lastly, the course will provide learners with the skill to assess the appropriateness of products within the short-term insurance category of business for  specific individual client needs.

This course meets the minimum competency requirements(Certificate of Proficiency requirements) as set out by the Non-Bank Financial Institutions Regulatory Authority and is accredited by the Botswana Qualifications Authority.

Who is the course intended for?
This course is intended for those who wish to pursue a career or are in a financial services environment that requires a basic introduction to long term insurance and the development and impact of long term insurance and products.

Course duration
This course is intended for those who wish to pursue a career or are in a financial  services environment that requires a basic introduction to long term insurance and the  development and impact of long term insurance and products.

Topic Covered in the course:

  • The law of contract to insurance
  • Knowledge of Insurable Risk
  • Insurance legislation in Botswana (NBFIRA Act, Insurance Industry Act, Insurance Prudential Rules)
  • Introduction to Life Insurance
  • Understanding Funeral Insurance
  • Credit Life Insurance
  • Disability insurance solutions
  • Dread disease products and their place in Wealth Management
  • Group Insured Benefits
  • Different products available in the long term insurance industry and the benefits of each
  • Investigating the need to provide financially for ones retirement

Course fees

Distance learning P1 950
Online learning P2 150
Contact learning P3 990

Click here to register