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Subject overview


STUDY MODE

100% online

AQF LEVEL

8

NEXT INTAKE

29 Apr 2024

SUBJECT DURATION

12 weeks

SUBJECT FEE

$2,600.00


This subject focuses on the management of personal, property and business risks using appropriate strategies and products. It examines the principles of risk management, the structure and regulation of general and life insurance products, and a range of strategies for addressing risks faced by retail clients and small businesses.

Students will critically evaluate client risk management needs using case studies and scenarios to develop and implement relevant and ethical financial planning advice in this area.

For more information, please refer to the subject outline.

Subject information

Learning outcomes

On successful completion of this subject, individuals should be able to:

  • Critically analyse and evaluate personal, property and small business risks
  • Distinguish between the types of life and general insurance products, including related taxation issues
  • Apply ethical, legal and regulatory practices in a financial planning context
  • Develop effective personal and small business risk management strategies incorporating the implementation of relevant insurance solutions

Topics covered

  1. Introduction to risk management
  2. Principles of insurance
  3. Insurance legislation and regulations
  4. General insurance
  5. Income, disability and health safety nets
  6. Life insurance
  7. Providing insurance advice
  8. Policy documentation and claims

Continuing Professional Development (CPD)

Kaplan Professional has assessed this subject. Click here for the following CPD hours applicable from 1 January 2019 on successful completion of this course. For subjects or courses completed prior to this date, please contact Kaplan Professional’s CPD Support team on 1300 527 526 or pdmail@kaplan.edu.au.

Duration

The duration of this subject is one study period (12 weeks).

Reading list

There is no prescribed text for this subject.

Individuals are provided with key readings and access to Kaplan Professional’s online databases. Individuals are encouraged to research and read widely on the topic.

Reading list

Assessments

Assessment typeAssessedWeighting
Quiz 1Week 410%
Assignment 1Week 635%
Quiz 2Week 1015%
Assignment 2Week 1240%

Previous study requirements

Assumed knowledge

Kaplan Professional assumes that individuals have completed FPC001B Economic and Legal Context for Financial Planning and FPC002B Ethics and Professionalism in Financial Advice, or understand the content covered in those subjects, prior to undertaking FPC004 Insurance Advice.

Course transition subject equivalence

Individuals may not be required to complete this subject if they have transitioned from a SIA/Finsia/Kaplan Professional course and have completed the following subject:

  • FIN214 Insurance, Succession and Estate Planning

Key dates

Study Period 1

11 Dec 2023 - 29 Mar 2024

❌ Enrolments now closed

Early access opens 11 December 2023

Early access to assessments 21 December 2023

Study period commences 8 January 2024

Enrolments close/census 24 January 2024

Study period ends 29 March 2024

Assessment dates See assessment timetable

Study Period 2

5 Feb 2024 - 24 May 2024

❌ Enrolments now closed

Early access opens 5 February 2024

Early access to assessments 19 February 2024

Study period commences 4 March 2024

Enrolments close/census 20 March 2024

Study period ends 24 May 2024

Assessment dates See assessment timetable

Study Period 3

1 Apr 2024 - 19 Jul 2024

✓ Enrolments open now

Early access opens 1 April 2024

Early access to assessments 15 April 2024

Study period commences 29 April 2024

Enrolments close/census 15 May 2024

Study period ends 19 July 2024

Assessment dates See assessment timetable

Study Period 4

3 Jun 2024 - 20 Sep 2024

✓ Enrolments open now

Early access opens 3 June 2024

Early access to assessments 17 June 2024

Study period commences 1 July 2024

Enrolments close/census 17 July 2024

Study period ends 20 September 2024

Assessment dates See assessment timetable

Study Period 5

29 Jul 2024 - 15 Nov 2024

✓ Enrolments open now

Early access opens 29 July 2024

Early access to assessments 12 August 2024

Study period commences 26 August 2024

Enrolments close/census 11 September 2024

Study period ends 15 November 2024

Assessment dates See assessment timetable

Study Period 6

30 Sep 2024 - 17 Jan 2025

✓ Enrolments open now

Early access opens 30 September 2024

Early access to assessments 14 October 2024

Study period commences 28 October 2024

Enrolments close/census 13 November 2024

Study period ends 17 January 2025

Assessment dates See assessment timetable

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