An entry level qualification into Short Term Insurance that allows learners to acquire the necessary knowledge and skills to respond to the challenges of the economic environment and changing world of work in the financial services industry. The qualifying learner will enhance their chances of employment and career growth.
Skills programme 1 of the FETC: Short Term Insurance Qualification comprising 32 credits.
Students will demonstrate knowledge and understanding of personal motor insurance and ethical conduct, as well as analyse new developments that could impact on ST insurance, compliance services, customer care, use of an electronic system in ST insurance and an insight of the FAIS act.
Compulsory Skills Programme 2 of the FETC: Short Term Insurance Qualification covering an introduction to insurance and comprising 34 credits.
On completion of this programme students will gain a knowledge of SASRIA and personal tax. They will be able interpret basic financial statements, manage their personal financial risk and the workplace environment. In addition, students will be able to apply and understand the cover provided under a Multi-Peril insurance policy and the law of contract to insurance.
An elective skills programme of the FETC: Short Insurance Qualification comprising of 16 credits and covering mathematics.
Students who have passed mathematics in grade 12 will possibly be granted exemption.
If you are not granted exemption, you will learn to apply knowledge of statistics and probability and use mathematics to investigate and monitor the financial aspects of personal/ business issues.
An elective skills programme of FETC: Short Term Insurance Qualification comprising 40 credits.
Students who have passed two languages in grade 12 will possibly be granted exemption.
If you are not granted exemption, you will learn to read, interpret and use information from texts as well as write and engage in oral communication.
A compulsory skills programme of the FETC: Short Term Insurance Qualification covering personal lines and comprising 34 credits. This programme consists of legislation, customer care, relationship building, and ethical conduct. A student will have the knowledge, and understanding of, ‘insurance of pleasure craft’, house owner insurance, household content, personal liability insurance, reinsurance and how to process Short-term insurance claims.
In this compulsory skills programme of 30 credits a student will learn to underwrite standard risk in Commercial Lines and have a good knowledge base of business insurance, all risk section of business insurance and Short-term reinsurance. They will also have an understanding of how to process a Short-term insurance claim.