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Subject overview


STUDY MODE

100% online

AQF LEVEL

5

NEXT INTAKE

11 Jan 2027

SUBJECT DURATION

12 weeks

SUBJECT FEE

$720.00


This subject explores key facets of legislation and regulation of the life insurance industry, and principles and concepts of life insurance. It addresses a range of life insurance product types, including life, total and permanent disability, trauma, income protection, and business expenses. It also considers other products such as whole of life, endowment, key person, and annuities. Students will analyse the features and suitability of life insurance products for different types of clients.
Risk management principles are examined, focusing on underwriting, risk assessment, actuarial concepts, and reinsurance strategies. Sales and distribution strategies are explored, emphasising customer needs analysis and diverse distribution channels. Claims management procedures, including fraud detection and customer service are also addressed.

Legal and ethical considerations are emphasised, highlighting regulatory compliance, disclosure obligations, and professional ethics. Financial planning aspects encompass financial needs analysis, tax implications, and retirement planning integration with life insurance products.

For more information, please refer to the subject outline.

Diploma of Financial Services >

Subject information

Learning outcomes

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

  • Describe the evolution of the Australian life insurance industry, including its regulatory framework, ethical and compliance standards
  • Explain the principles and practices of risk management utilising different life insurance products
  • Discuss sales techniques, customer needs analysis methods, and diverse distribution channels in the marketing and distribution of life insurance products
  • Identify life insurance administrative processes, including insurance claims handling

 

Topics covered

  1. Introduction to life insurance and insurable risk
  2. Life insurance product types and features
  3. Matching insurance products to life-stage risk
  4. The life insurance sales and advice process
  5. Claims and claims handling
  6. Regulatory and legal framework for life insurance
  7. Integrating life insurance into the financial planning process

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.

Assessments

Assessment TypeAssessedWeighting
Quiz 1Week 410%
TaskWeek 720%
Quiz 2Week 1020%
AssignmentWeek 1250%

Previous study requirements

Recognition of prior learning (RPL)

Advanced standing may be awarded in recognition of prior learning (RPL) for your prior studies that are directly related to the qualification. This may include credit for generic knowledge component of Tier 1 RG146 studies.

Get detailed guidance on the application process here.

Assumed knowledge

Not applicable.

Course transition subject equivalence

There are no equivalences for this subject.

Key dates

Study Period 1 2027

11 Jan 2027 - 2 Apr 2027

✓ Enrolments open now

Early access opens N/A

Early access to assessments N/A

Study period commences 11 January 2027

Enrolments close/census 27 January 2027

Study period ends 2 April 2027

Assessment dates See assessment information

Study Period 2 2027

8 Mar 2027 - 28 May 2027

✓ Enrolments open now

Early access opens N/A

Early access to assessments N/A

Study period commences 8 March 2027

Enrolments close/census 24 March 2027

Study period ends 28 May 2027

Assessment dates See assessment information

Study Period 3 2027

3 May 2027 - 23 Jul 2027

✓ Enrolments open now

Early access opens N/A

Early access to assessments N/A

Study period commences 3 May 2027

Enrolments close/census 19 May 2027

Study period ends 23 July 2027

Assessment dates See assessment information

Study Period 4 2027

28 Jun 2027 - 17 Sep 2027

✓ Enrolments open now

Early access opens N/A

Early access to assessments N/A

Study period commences 28 June 2027

Enrolments close/census 14 July 2027

Study period ends 17 September 2027

Assessment dates See assessment timetable

Study Period 5 2027

23 Aug 2027 - 12 Nov 2027

✓ Enrolments open now

Early access opens N/A

Early access to assessments N/A

Study period commences 23 August 2027

Enrolments close/census 8 September 2027

Study period ends 12 November 2027

Assessment dates See assessment timetable

Study Period 6

18 Oct 2027 - 7 Jan 2028

❌ Enrolments now closed

Early access opens N/A

Early access to assessments N/A

Study period commences 18 October 2027

Enrolments close/census 3 November 2027

Study period ends 7 January 2028

Assessment dates N/A

Fees and FEE-HELP

Locked-in pricing and FEE-HELP

To safeguard against any future price increases, you can lock in the price of your subject enrolment fees for the duration of your qualification. Many eligible students use FEE-HELP, which is a Commonwealth Government loan. This means you do not need to pay to study upfront, helping you to reduce some of your financial burden . Please note that government fees apply for the use of FEE-HELP for higher education diploma subjects. Click here for further information.

Tuition fees

When you apply to study with Kaplan Professional, you pay for the subjects you have enrolled in for each study period.

The tuition fee listed below applies to all Diploma of Financial Services subjects:

Enrolment feesFee
Subject fee 2026$720 (GST free)

If you are paying by cheque, utilising a deferral, or have a preferred client code, you will need to download and submit a hard copy of the form below.

Download a new student application (enrolment) form>

Other fees

Further fees may apply. Click here for a full list of fees and allowances.

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