The subject focuses comprehensively on the personal and business risk insurance market in Australia. It examines the design and structure of a range of personal, business and general insurance products, including related policy documentation and taxation issues. The subject is designed to build advice capability in risk management strategies for retail clients and small businesses. Students will follow a series of fictitious scenarios, so they can apply their understanding of personal and business risk insurance within financial planning. For more information, please refer to the subject outline. Enrol nowEmail usView subject availability
Learning outcomes Subject content CPD Duration Assessment Prerequisites Assumed knowledge Course transition subject equivalence Reading list Learning outcomes On successful completion of this subject, individuals should be able to: Critically analyse and evaluate personal and small business risks Describe and distinguish the features of the various types of personal and business insurance products, including related policy documentation and taxation issues Develop and implement personal and small business risk management strategies using a range of general and life insurance policies Apply financial planning practice while giving consideration to ethics and the legal and regulatory responsibilities owed by the adviser and the adviser’s organisation to the adviser’s clients and other stakeholders Evaluate contemporary issues in insurance advice Subject content TopicTitle Topic 1Introduction to risk management Topic 2Insurance and risk Topic 3Regulation of the insurance industry Topic 4Life insurance Topic 5Taxation Topic 6Insurance advice Topic 7General insurance Topic 8Mandated and health insurance Topic 9Policy documentation and claims 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). Assessment Assessment TypeAssessedWeighting Assignment 1Week 520% Assignment 2Week 840% ExaminationWeek 1240% Click here for an assessment timetable. Prerequisites There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject. Assumed knowledge Whilst there are no prerequisites for this subject, Kaplan 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 course and have completed the following subject: FIN214 Insurance, Succession and Estate Planning. Reading list There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.
Learn more about Master of Financial Planning, Graduate Diploma of Financial Planning, Graduate Certificate in Financial Planning >
The subject focuses comprehensively on the personal and business risk insurance market in Australia. It examines the design and structure of a range of personal, business and general insurance products, including related policy documentation and taxation issues. The subject is designed to build advice capability in risk management strategies for retail clients and small businesses. Students will follow a series of fictitious scenarios, so they can apply their understanding of personal and business risk insurance within financial planning. For more information, please refer to the subject outline. Enrol nowEmail usView subject availability
Learning outcomes Subject content CPD Duration Assessment Prerequisites Assumed knowledge Course transition subject equivalence Reading list Learning outcomes On successful completion of this subject, individuals should be able to: Critically analyse and evaluate personal and small business risks Describe and distinguish the features of the various types of personal and business insurance products, including related policy documentation and taxation issues Develop and implement personal and small business risk management strategies using a range of general and life insurance policies Apply financial planning practice while giving consideration to ethics and the legal and regulatory responsibilities owed by the adviser and the adviser’s organisation to the adviser’s clients and other stakeholders Evaluate contemporary issues in insurance advice Subject content TopicTitle Topic 1Introduction to risk management Topic 2Insurance and risk Topic 3Regulation of the insurance industry Topic 4Life insurance Topic 5Taxation Topic 6Insurance advice Topic 7General insurance Topic 8Mandated and health insurance Topic 9Policy documentation and claims 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). Assessment Assessment TypeAssessedWeighting Assignment 1Week 520% Assignment 2Week 840% ExaminationWeek 1240% Click here for an assessment timetable. Prerequisites There are no prerequisites for this subject. However, individuals should review the ‘Assumed Knowledge’ tab to understand the prior knowledge Kaplan advises they should hold before enrolling in this subject. Assumed knowledge Whilst there are no prerequisites for this subject, Kaplan 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 course and have completed the following subject: FIN214 Insurance, Succession and Estate Planning. Reading list There is no prescribed text for this subject. Individuals are provided with key readings and access to Kaplan’s online databases. Individuals are encouraged to research and read widely on the topic.
Learn more about Master of Financial Planning, Graduate Diploma of Financial Planning, Graduate Certificate in Financial Planning >
