INSURANCE FOR THE SUPERANNUATION INDUSTRY

This course is a diploma-level course that meets nationally recognised units of competency.

The course will assist students to better understand the structures, regulations and benefit designs of insurance products within superannuation. It may be completed as a standalone subject or combined with AIST's superannuation industry specific RG146 and Investment for the superannuation industry to attain a Diploma of Superannuation (FNS50710).

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TOPICS WILL INCLUDE

Module 1: Introduction to insurance Types of insurance products Principles of premiums Composition of the insurance market Group insurance	Module 5: Insurance benefit design Insured benefits How the benefits are structured Group life structures Income protection structures Elements of a contract Factors that impact on group pricing The pricing process Market trends and competition
Module 2: Legislation and regulatory bodies The role of regulatory bodies Legislation affecting insurance and superannuation Laws governing general insurance	Module 6: Underwriting and risk assessment Gaining cover by joining a superannuation fund The underwriting process Applications to increase cover Loadings and exclusions The roles of reinsurance and the reinsurer
Module 3: Other insurance considerations for trustees General insurance considerations Trustee liability Trustee liability insurance policies The insurance market cycle Policy coverage and key exclusions Crime insurance Adequacy of cover	Module 7: Death and Disability claims Verifying eligibility Confidentiality and sensitive information Death claims Total and Permanent Disablement (TPD) claims The TPD claim process Income protection claims Evidence requirements Terminal illness claims Tax implications for all claim types Review of claims decisions
Module 4: Insurance within superannuation History and evolution of insurance inside superannuation Types of superannuation funds Superannuation fund design Types of insurance benefits available within superannuation funds Roles and responsibilities Under-insurance issue in Australia Benefits and pitfalls of insurance inside superannuation	Module 8: Dispute resolution Internal dispute resolution The Australian Standard for complaints handling Regulatory Guides Superannuation Complaints Tribunal (SCT) Financial Ombudsman Service (FOS)

WHO SHOULD ATTEND?

Insurance for the superannuation industry is beneficial for people working in both the superannuation and insurance industries.

TRAINING METHODS

Facilitated Training

Face-to-face facilitation is delivered over 3 full days, made up of group discussions, practical exercises and examples. Facilitated training provides a structured learning environment and provides a platform for networking and forming relationships with people within the industry.

Self-paced Learning

AIST offers self paced learning as an alternative to facilitated training. Self-paced learning enables you to control the pace of your learning providing you with the opportunity to take maximum advantage of your preferred learning style and time.

Some benefits of self-paced learning are as follows:

You are able to set your own pace and timelines therefore you are not dependent on the structure and pace established within a facilitated course
Flexibility to start and end the course at your convenience ensuring efficient use of your time
Access to trainers for mentoring and answering questions, ensuring any difficulties are overcome during your learning experience.

All participants have 6 months to complete the assessments. If you have not completed the assessment within the 6 month period you will be required to re-enrol in the course and incur the full enrolment fee again.

ASSESSMENT

In order to be found competent in your course you will be required to successfully complete two (2) assessments, they are as follows:

Open book exam: This is a two hour exam, where we will co-ordinate a convenient date and time to be supervised at AIST's office or at your workplace with an approved supervisor.
Assignment: This is an assessment of case studies and scenarios.

NATIONALLY RECOGNISED UNITS OF COMPETENCY

This course comprises of 3 units of competency from the FNS10 Financial Services Training Package:

FNSSUP407A Assess complex superannuation benefit or insurance claims
FNSSUP501A Supervise complaints procedures
FNSSUP502A Supervise insurer liaisonAIST CPD HOURS

AIST CPD HOURS

18 hours (including assessments where required). Participants may also be eligible for 18 Accreditation Status Points as well as 18 Loyalty Reward Points. Further information on the AIST Accreditation and Loyalty Reward Programs may be found on the AIST Website

FACILITATED PRICES

COURSE RATES	EARLY BIRD RATE INCL. GST (Register 14 days before course date)	STANDARD RATE INCL. GST (Register within 14 days of the course date)
AIST Members	$1,660.00 (GST Exempt)	$1,826.00 (GST Exempt)
Non-AIST Members	$2,060.00 (GST Exempt)	$2,266.00 (GST Exempt)

SELF-PACED PRICES

COURSE RATES	STANDARD RATE INCL. GST (Register within 14 days of the course date
AIST Members	$970.00 (GST Exempt)
Non-AIST Members	$1,200.00 (GST Exempt)

REGISTRATION

DATE/S	TIME	LOCATION	REGISTRATION
May 9,10,11	9:00am to 5:00pm	SYDNEY	Online	by Form
July 18,19,20	9:00am to 5:00pm	MELBOURNE	Online	by Form
October 10,11,12	9:00am to 5:00pm	BRISBANE	Online	by Form

PDF FACT SHEET AVAILABLE

This course is also available to in-house groups with a minimum 5 people. If you wish to conduct an in-house session within your office please contact AIST to arrange a suitable time on 03 8677 3800 or training@aist.asn.au

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