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SOUTH AFRICAN QUALIFICATIONS AUTHORITY |
REGISTERED QUALIFICATION THAT HAS PASSED THE END DATE: |
Further Education and Training Certificate: Long-Term Risk Assessment |
SAQA QUAL ID | QUALIFICATION TITLE | |||
49529 | Further Education and Training Certificate: Long-Term Risk Assessment | |||
ORIGINATOR | ||||
SGB Insurance and Investment | ||||
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | NQF SUB-FRAMEWORK | |||
INSETA - Insurance Sector Education and Training Authority | OQSF - Occupational Qualifications Sub-framework | |||
QUALIFICATION TYPE | FIELD | SUBFIELD | ||
Further Ed and Training Cert | Field 03 - Business, Commerce and Management Studies | Finance, Economics and Accounting | ||
ABET BAND | MINIMUM CREDITS | PRE-2009 NQF LEVEL | NQF LEVEL | QUAL CLASS |
Undefined | 150 | Level 4 | NQF Level 04 | Regular-Unit Stds Based |
REGISTRATION STATUS | SAQA DECISION NUMBER | REGISTRATION START DATE | REGISTRATION END DATE | |
Passed the End Date - Status was "Reregistered" |
SAQA 06120/18 | 2018-07-01 | 2023-06-30 | |
LAST DATE FOR ENROLMENT | LAST DATE FOR ACHIEVEMENT | |||
2024-06-30 | 2027-06-30 |
In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise. |
This qualification replaces: |
Qual ID | Qualification Title | Pre-2009 NQF Level | NQF Level | Min Credits | Replacement Status |
20774 | National Certificate: Insurance: Long Term: Risk Assessment | Level 4 | NQF Level 04 | 120 | Complete |
PURPOSE AND RATIONALE OF THE QUALIFICATION |
The purpose of the Qualification is to build knowledge and skill required by employees in Long-term insurance who have had schooling at or below NQF level 4. It serves as a bridging Qualification into Long-term risk assessment as learners will not have acquired the necessary knowledge as part of the school curriculum. It is intended to empower learners to acquire the knowledge, skills, attitudes and values required to operate confidently as individuals in the South African community and to respond to the challenges of the economic environment and changing world of work in the financial services industry. It should add value to the qualifying learner in terms of enrichment of the person, status and recognition.
As a Qualification that covers Long-term insurance related learning, it provides a framework for learners to develop competencies that will give them insight into the Long-term Insurance sub sector, which includes life, reinsurance, Healthcare Benefits Administration and pension/retirement benefits. It introduces a basic understanding of the key terms, rules, concepts and principles of the field that will enable learners to be informed workers in the industry. It provides a balanced learning experience that allows flexible access to life-long learning, higher education and to productive employment in Long-term insurance. It provides an opportunity for learners to learn and apply academic skills in relation to the workplace, allow for multi-skilling and forms part of a learnership. The FETC: Long-term Risk Assessment allows the individual to work towards a nationally recognised Qualification. It is flexible enough to accommodate both learners in formal education and learners already employed in the Long-term insurance sector. The focus is on basic information gathering, analysis, presentation and the ability to apply knowledge of the field to solve routine problems within given frameworks. Qualifying learners should be knowledgeable about and competent in: These Unit Standards are intended as building blocks for the further development of skills that will make the learner a more fulfilled, informed, efficient and cost effective worker in the industry. This should result, in turn, in more effective and efficient service to the consumer and should make the industry more competitive in the global market. Rationale: FETC: Long-Term Risk Assessment replaces the National Certificate in Insurance: Long-term: NQF Level 4: Risk Assessment that was registered in 2001 to meet the needs of Long-term insurance underwriters and claims assessors. It provided an introduction to the underwriting and the assessing of Long-term claims, an area where there were no existing Qualifications. Learners were trained in-house by the different insurers and reinsurers and then spent many years acquiring the necessary expertise. The Qualification has been reviewed and is replaced by the FETC: Long-term Risk Assessment. The proposed Qualification is more focused and fit for purpose than the registered National Certificate in Insurance: Long-term: NQF Level 4: Risk Assessment. It is critical for Long-term Underwriters and Claims Assessors and will be useful for The FETC: Long-term Risk Assessment provides an introduction to underwriting and the assessing of claims in Long-term Insurance and reinsurance and is the first step on a career path for learners who Learners employed as underwriters and Long-term claims assessors at this level do work that requires an understanding of the Long-term sub-sector within the context of the Financial Services industry and a fundamental knowledge of the anatomy and physiology of the body and related impairments. They are required to interpret medical information in order to assess a Long-term risk that may require an adjustment of an application of Underwriting or Scheme rules. |
LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING |
It is assumed that learners are competent in
Recognition of prior learning: |
RECOGNISE PREVIOUS LEARNING? |
Y |
QUALIFICATION RULES |
The Qualification consists of a Fundamental, a Core and an Elective Component.
To be awarded the Qualification, learners are required to obtain a minimum of 150 credits as detailed below. Fundamental Component: The Fundamental Component consists of Unit Standards in: It is compulsory therefore for learners to do Communication in two different South African languages, one at NQF Level 4 and the other at NQF Level 3. For the purpose of this Qualification twelve credits are also required for Financial Literacy at NQF Level 4. Although this is not a SAQA requirement, the industry believes that if learners are to function in a field that manages people's money, they should be able to manage their own finances. All Unit Standards in the Fundamental Component are compulsory. Core Component: The Core Component consists of Unit Standards to the value of 61 credits all of which are compulsory. Elective Component: The Elective Component consists of Unit Standards in a number of specializations each with its own set of Unit Standards. Learners are to choose a specialization area and Elective Unit Standards at least to the value of 21 credits. There is a set of electives that is particularly appropriate to underwriters and a set that applies more specifically to claims assessors. Underwriters and claims assessors are strongly advised to select electives from these sets. The grouping of the Electives does not imply that learners should select Electives from only one specific category. Electives selected may relate directly to the learner's work role in an organisation or may be life skills to enhance employability. The Electives have been grouped under the headings: > Legislation. > Personal Development. Unit Standards for Trustees of Retirement Funds and Medical Schemes, including fiduciary duties have been included as learners could be elected to such positions and need to know what these positions entail. The Department of Finance and the Financial Services Board have identified trustee training as a national necessity. Life Skills unit standards that serve as a means of personal development for learners in a democratic South Africa have also been included as Electives. |
EXIT LEVEL OUTCOMES |
The FETC: Long-term Risk Assessment is intended for personnel already employed in the industry or learners in learnerships. The focus is on fundamental medical knowledge, the understanding and application of Long-term risk factors and an ability to apply appropriate processes and procedures to solve problems in a familiar context, to adjust applications when required and to motivate the change. Learners are required to apply literacy and numeracy skills to different Underwriting and Long-term Claims Assessing contexts. They are expected to gather, analyse and evaluate information from a range of sources and to present and communicate information reliably and accurately, both verbally and in writing.
Learners should have the capacity to take responsibility for their own learning within a supervised environment and should be able to evaluate their own performance and address their shortcomings. 1. Carry out basic research tasks and applying literacy and numeracy skills to analyse, interpret and evaluate information from a range of sources related to Long-term insurance or reinsurance and the assessment of risk. 2. Manage personal finances and risk. 3. Apply knowledge of legislation, ethics, compliance and fraud in the assessment of Long-term risk. 4. Apply knowledge of anatomy, physiology and related impairments to assess risk. Exit Level Outcomes for the Critical Cross-Field Outcomes The learner can demonstrate ability to: In addition this Qualification contributes to the full personal development of each learner and the social and economic development of the society at large, by making it the underlying intention of any programme of learning to make the individual aware of the importance of The following shows the spread of Critical Cross-field Outcomes across the Unit Standards that are classified as Core and Financial Literacy in the FETC: Long-term Risk Assessment and the specified underwriting and claims electives. Core and Financial Literacy Describe and apply the basic principles of personal income tax. Interpret basic financial statements. Analyse impairments related to blood disorders and the associated impact on the assessment of risk. Analyse impairments related to the endocrine system and their impact on the assessment of Long-term risk. Analyse impairments related to the digestive and urinary systems and their impact on the assessment of Long-term risk. Analyse impairments of the reproductive system and their impact on the assessment of Long-term risk. Analyse cardiovascular related impairments and their impact on the assessment of Long-term risk. Analyse respiratory related impairments and their impact on the assessment of Long-term risk. Analyse cancer as impairment and the associated impact on the assessment of risk. Analyse psychological and psychiatric impairments and the associated impact on the assessment of risk. Analyse neurological related impairments and the associated impact on risk assessment. Analyse musculo-skeletal related impairments and their impact on the assessment of Long-term risk. Explain and apply ethical conduct in a business environment. Analyse new developments reported in the media that could impact on Long-term insurance. Identify and explain trends and issues in the Long-term insurance market that present an abnormal risk. Analyse the different products available in the Long-term insurance industry and the benefits of each. Demonstrate knowledge and application of the relationships between Life Style Measurements (LSM) and Long-term insurance. Describe life insurance. Apply the law of contract to insurance. Determine risk exposure in order to manage the risk in a specific situation. Underwrite a standard risk in Long-term insurance. Explain insurable risk. Explain the roles of actuaries, underwriters, claims assessors and reinsurers in Long-term insurance. Assess a Long-term claim. Describe the control of fraud in Long-term insurance. Administer a Long-term claim. Exit points for learners who do not complete a Qualification |
ASSOCIATED ASSESSMENT CRITERIA |
1.
Associated Unit Standards 2. Associated Unit Standards 3. Associated Unit Standards 4. Associated Unit Standards Integrated assessment: Assessment practices must be fair, transparent, valid and reliable and should ensure that no learner is disadvantaged. Learners who wish to be assessed against the competencies in the Qualification and/or associated Unit Standards should direct enquiries to the relevant ETQA. The focus of assessment must be on the assessment of the learning outcomes rather than learning outputs. The Specific Outcomes guide the learning and training process towards the outcomes on a continuous basis. The purpose is to determine whether the outcomes have been attained. Situations should present a wide range of options. Applications should require significant choices from a wide range of procedures and in a number of contexts. Learning, teaching and assessment are inextricably linked. Where appropriate, assessment of knowledge, skills, attitudes and values indicated in the various Unit Standards should be integrated. Assessment in communication, mathematical literacy and financial literacy should use authentic workplace contexts wherever practical. Assessment has a formative monitoring function. Formative assessment should be used to assess gaps in the learners' skill and knowledge and to indicate where there is a need for expanded opportunities. The goal is to promote learning and to assess the efficacy of the teaching and learning process. Feedback from assessment informs teaching and learning and allows for the critique of outcomes, methodology and materials. Formative assessment is diagnostic and as such it should guide the learner and the trainer. It is continuous and is used to plan appropriate learning experiences to meet the learner's needs. It provides information about problems experienced at different stages in the learning process. As it is criterion referenced, if the learner has met the assessment criteria, he/she has achieved the outcomes. Assessment should also have a summative component. Summative assessment may be used on completion of a unit standard, but should not be the only form of assessment. A variety of methods must be used in assessment and tools and activities must be appropriate to the context in which the learner is working. Assessment should take place in an authentic context as far as is possible. Where it is not possible to assess competence in the workplace, simulations, case studies and other similar techniques should be used to provide a context appropriate to the assessment. Integration implies that theoretical and practical components should, where possible, be assessed together. Integrative techniques should be used to assess applied competence. Learners should be required to demonstrate that they are able to perform the outcomes with understanding and insight. Assessment should ensure that all Specific Outcomes, embedded knowledge and Critical Cross-Field Outcomes are evaluated. Assessment of the Critical Cross-Field Outcomes should be integrated with the assessment of the Specific Outcomes. The Critical Cross-Field Outcomes are implicit in some Unit Standards and programmes should be designed to extend and further reflect the integration. Before The FETC: Long-term Risk Assessment is awarded, learners are required to demonstrate competence in the required unit standards and complete a summative assessment based on the exit outcomes of the Qualification. |
INTERNATIONAL COMPARABILITY |
Traditionally, the larger insurers and reinsurers did in-house training of Long Term Underwriters and Claims Assessors in South Africa, and expertise was accumulated through experience. There were no providers in formal education that offered courses specifically in long term underwriting and claims assessing and there was no way of comparing the merit of the various in-house courses. In terms of current SAQA definitions most of the long term underwriting and claims assessing courses available in South Africa would be classified as short courses or skills programmes rather than Qualifications. The National Certificate in Insurance: Long Term: NQF Level 4: Risk Assessment provided a structure for training long term underwriters and claims assessors in South Africa. It is not offered at any formal institution, but has provided a standard for the training of underwriters and claims assessors within the industry. At the time of registration it was not compared to specific international Qualifications.
This comparison is based on the following Qualifications: United Kingdom (UK) Unfortunately, the Underwriting Group of Standards registered through the Skills Council for Financial Services National Standards are only at levels 2 and 3. The document only indicates the core standards. The difficulties experienced finding an equivalent UK national Qualification can be explained by the findings of the INSETA task group during a visit to the UK and Ireland. It was found that consultants developed the standards for the Insurance industry without input from industry stakeholders. There has not been buy-in for NVQ insurance Qualifications from the industry and Qualifications and standards are owned by the providers that developed the Qualifications. This makes it difficult to access the standards and Qualifications. The CII provides an advanced diploma in Insurance, which is set at a UK degree level. One of the units in the advanced diploma is Life and Disability Underwriting. This is a unit of study comprising 120 hours of learning, roughly equivalent to 12 credits on the South African NQF at level 6. The CII provided the SGB with an overview of the unit, which enabled the SGB to compare the Core Unit Standards and outcomes in the FETC: Long Term Risk Assessment with the unit at a broad level although the advanced diploma is at a higher cognitive level. The UK National standards are at a lower level than the South African Unit Standards. A wider search led to contact with Hank George, founder of the International Underwriting Congress, former President of the Home Office Life Underwriters Association. He is an active member of the Association of Home Office Underwriters, the Canadian Institute of Underwriters, the Institute of Caribbean Home Office Underwriters and the American Academy of Insurance Medicine, and involved in the investigation of the accreditation of Long term Risk Assessors in the USA and Canada. This did not provide Qualifications or standards for comparison. What this indicates however is the professionalism and the standards of competencies required of Life Underwriters internationally, through training and education obtained in-house and through universities and professional associations and Continuing Education Points (CPE). Australia Sites researched / Organizations contacted: USA and Canada A site for Life Underwriters called lifeunderwriting.com led to contact with a Hank George, FALU, CLU, FLM, hankgeorge@aol.com. Hank advised that Underwriters are not officially accredited against a national curriculum or standard. They have a programme of exams, by underwriters and for underwriters, organised by the US and Canadian national underwriting associations, leading to the designation Fellow of The Academy of Life Underwriting (FALU). The sites of Associations, Providers and Universities that provide the exams leading to the professional designation were researched and where possible contacted, but none provided an overview of their outcomes for a comparison. UK AUSTRALIA AFRICA OTHER Previous comparisons for Financial Services Qualifications at Levels 2 and 3 established that a comparison in a country with an emerging economy is not possible at present. This is because the web sites of the countries considered are either not presented in English or their accreditation systems are based on internal quality management systems and audits and not on alignment with national standards. The web sites considered for these comparisons are: Countries for comparison with the Qualification FETC: LONG TERM RISK ASSESSMENT Level Descriptors: (The fundamental unit standards for this comparison are against level 4 descriptors in spite of the lower level core competencies) UK: Competence at level 4 involves the application of knowledge in a broad range of complex, technical or professional work activities performed in a variety of contexts and with a substantial degree of personal responsibility and autonomy. Responsibility for the work of others and the allocation of resources is often present. Australia: Competence at level 4 involves: Detailed comparisons FUNDAMENTALS Mathematical Literacy: UK: The UK's Key skill Unit Application of Number - Level 4 has three elements (Specific outcomes) 1. Develop a strategy for using application of number skills over an extended period of time. 2. Monitor progress and adapt your strategy, as necessary, to achieve the quality of outcomes required in work involving: 3. Evaluate your overall strategy and present the outcomes from your work, including use of charts, graphs and diagrams to illustrate complex data. The UK standard is similar to the SA standards in that the use of Mathematics is applied to a work or life problem. A hypothesis is stated, and maths is used to research and evaluate a work related problem. The UK standard is broader than the three SA standards as it does not state which mathematical strategy or methodology (statistics, algebra, geometry) the learner should use for the problem. It would seem that any of these methods (depending on the research problem) is acceptable whereas the SA learner will have to be competent against a range of mathematical methods. Communication: UK: The Key Skills Unit Communication Level 4 involves: 1. Develop a strategy for using communication skills over an extended period of time. 2. Monitor progress and adapt your strategy, as necessary, to achieve the quality of outcomes required in work involving at least: 3. Evaluate your overall strategy and present the outcomes from your work, using at least one formal oral presentation. Include a variety of verbal, visual and other techniques to illustrate your points. There are some synergies with the contextualised communication Unit Standard: Use the writing process to compose texts required in a business environment. The UK standard requires the additional competencies of making a business presentation. AUSTRALIA (AQF): Communicate in the workplace the level 4 Unit Standard is not available on the web site at present so it is difficult to gauge how accurately the outcomes of the two standards correspond. Financial Literacy: The financial literacy Unit Standards in the FETC: Long Term Risk Assessment introduce entry-level financial related competencies for learners, and ensure that individuals are able to apply the financial literacy concepts in their own lives to be financially responsible and therefore more productive and responsible employees. i.e. the industry requires financially responsible and empowered employees to work with their client's money and investments. UK: There were no similar Unit Standards in insurance Qualifications on the NVQ however financial literacy competencies are embedded in other Unit Standard across the UK Qualification although the application of these competencies does not appear to extend to learners own lives. AQF: Previous comparisons with the Australian Qualifications indicated that Financial Literacy concepts are embedded in the core units but do not extend to application in the learners own lives. This is no longer the case as new standards to assist learners to manage finances in their own lives as well as educate clients on relevant financial concepts are soon to be registered on the AQF. The draft units (standards) have been categorised as elective standards in the Australian Qualification. The standards cover topics and outcomes similar to those in the South African Financial Literacy standards at Levels 2 to 4; however, the SA Qualification has no obvious emphasis on consumer education, as this is not an industry requirement for insurance workers. Standards with competencies that may be compared to the Financial Literacy Unit Standards in the FETC: Long Term Risk Assessment are: Conclusion (Fundemantals) The UK has four other key skills units that do not have SA fundamental counterparts but are covered by South Africa's critical cross-field outcomes either across the Qualification or by the core and elective Unit Standards. These are: All the key skills units follow generic formulae: Develop a strategy using the specific competencies, monitor their progress, evaluate and present their objectives using their new skills. The Australian industry core standards at certificate 4 level for the AQF are fundamental and must be demonstrated at diploma or advanced diploma level. Core The following South African core standards: Correlated to: No corresponding standards were found in the 3 Qualifications/learning streams researched for the following SA standards: Underwriting Long term claims assessing General long term insurance (life and pension funds) No corresponding standards were found with the 3 Qualifications/learning streams researched for the following standards (Previous comparisons indicate that some of these may well exist, but they have not been packaged for the Qualifications researched): Legislation As regulation is specific to a country the Legislation Unit Standards cannot be compared standard for standard. All Qualifications do however put value on acquisition of competencies relating to the legal environment: Personal development No corresponding standards were found within the 3 Qualifications/learning streams researched for the following standards, (Previous comparisons indicate that some of these exist, but they have not been included in the Qualifications researched): International comparability: conclusion The standards in the Financial Services Qualifications in Long Term Risk Assessment at Level 4 on the AQF and CII have similar outcomes to the proposed South African Qualification. Unfortunately, not enough information is provided in the source document regarding the packaging of the NVQ Qualification, but the core function of underwriting has cross synergies. However: Underwriters and Long-term Risk Assessors have a critical role in managing risk for an insurance organisation. There are many international professional associations that provide information, education (online and workshop) and conferences to ensure that these role-player's competencies are current. While there are many professional designations for underwriters (indicating professional standards), the SGB's research did not identify any clear trend towards national standards for achieving these titles. Even the Australian Qualifications do not have a clear career path for Underwriters (the competencies are part of a more generic Qualification) and do not indicate how the national Qualification aligns with professional (and possibly more industry recognised) accreditation. It therefore seems safe to assume that as a complete National Qualification, the FETC: Long Term Risk Assessment at Level 4 is unique and could lead the way for the Underwriting and Long Term Risk Assessment industry worldwide. |
ARTICULATION OPTIONS |
This Qualification articulates horizontally with:
It articulates vertically with: Note: Vertical articulation is subject to the admission requirements of the provider or Higher Education Institution. |
MODERATION OPTIONS |
This Qualification will be internally assessed and externally moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA.
|
CRITERIA FOR THE REGISTRATION OF ASSESSORS |
This Qualification will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA.
|
REREGISTRATION HISTORY |
As per the SAQA Board decision/s at that time, this qualification was Reregistered in 2012; 2015. |
NOTES |
This qualification replaces qualification 20774, which is "National Certificate: Insurance: Long Term: Risk Assessment", Level 4, 120 credits.
. Additional unit standards on general aspects of the Long-term Insurance at NQF Level 3 and 4 have been included. These provide the space for learners to tailor the Qualification to their specific work role. |
UNIT STANDARDS: |
ID | UNIT STANDARD TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | CREDITS | |
Core | 114983 | Describe life insurance | Level 3 | NQF Level 03 | 3 |
Core | 118016 | Analyse cancer as an impairment and the associated impact on the assessment of risk | Level 4 | NQF Level 04 | 2 |
Core | 118015 | Analyse cardiovascular related impairments and their impact on the assessment of long- term risk | Level 4 | NQF Level 04 | 5 |
Core | 118004 | Analyse impairments of the reproductive system and their impact on the assessment of long-term risk | Level 4 | NQF Level 04 | 2 |
Core | 118013 | Analyse impairments related to blood disorders and the associated impact on the assessment of risk | Level 4 | NQF Level 04 | 1 |
Core | 118017 | Analyse impairments related to the digestive and urinary systems and their impact on the assessment of long-term risk | Level 4 | NQF Level 04 | 2 |
Core | 118009 | Analyse impairments related to the endocrine system and their impact on the assessment of long-term risk | Level 4 | NQF Level 04 | 2 |
Core | 118003 | Analyse musculo-skeletal related impairments and their impact on the assessment of long-term risk | Level 4 | NQF Level 04 | 2 |
Core | 118007 | Analyse neurological related impairments and the associated impact on risk assessment | Level 4 | NQF Level 04 | 2 |
Core | 118006 | Analyse psychological and psychiatric impairments and the associated impact on the assessment of risk | Level 4 | NQF Level 04 | 2 |
Core | 118008 | Analyse respiratory related impairments and their impact on the assessment of long-term risk | Level 4 | NQF Level 04 | 2 |
Core | 119478 | Analyse the different products available in the Long-term Insurance industry and the benefits of each | Level 4 | NQF Level 04 | 5 |
Core | 118011 | Analyze new developments reported in the media that could impact on long-term insurance | Level 4 | NQF Level 04 | 10 |
Core | 14991 | Apply the law of contract to insurance | Level 4 | NQF Level 04 | 2 |
Core | 13940 | Demonstrate knowledge and application of ethical conduct in a business environment | Level 4 | NQF Level 04 | 4 |
Core | 119262 | Demonstrate knowledge and application of the relationship between Life Style Measurement (LSM) and Long-term insurance | Level 4 | NQF Level 04 | 6 |
Core | 15008 | Determine risk exposure in order to manage the risk in a specific situation | Level 4 | NQF Level 04 | 2 |
Core | 119259 | Explain the roles of actuaries, underwriters, claims assessors and reinsurers in Long-term insurance | Level 4 | NQF Level 04 | 3 |
Core | 119264 | Identify and explain trends and issues in the Long-term insurance market that present an abnormal risk | Level 4 | NQF Level 04 | 4 |
Fundamental | 8968 | Accommodate audience and context needs in oral communication | Level 3 | NQF Level 03 | 5 |
Fundamental | 8969 | Interpret and use information from texts | Level 3 | NQF Level 03 | 5 |
Fundamental | 8973 | Use language and communication in occupational learning programmes | Level 3 | NQF Level 03 | 5 |
Fundamental | 8970 | Write texts for a range of communicative contexts | Level 3 | NQF Level 03 | 5 |
Fundamental | 12155 | Apply comprehension skills to engage written texts in a business environment | Level 4 | NQF Level 04 | 5 |
Fundamental | 9015 | Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems | Level 4 | NQF Level 04 | 6 |
Fundamental | 117127 | Describe and apply the basic principles of personal income tax | Level 4 | NQF Level 04 | 3 |
Fundamental | 8974 | Engage in sustained oral communication and evaluate spoken texts | Level 4 | NQF Level 04 | 5 |
Fundamental | 117156 | Interpret basic financial statements | Level 4 | NQF Level 04 | 4 |
Fundamental | 117158 | Investigate ways of managing financial risk in own lives | Level 4 | NQF Level 04 | 5 |
Fundamental | 8975 | Read analyse and respond to a variety of texts | Level 4 | NQF Level 04 | 5 |
Fundamental | 9016 | Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts | Level 4 | NQF Level 04 | 4 |
Fundamental | 8979 | Use language and communication in occupational learning programmes | Level 4 | NQF Level 04 | 5 |
Fundamental | 7468 | Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues | Level 4 | NQF Level 04 | 6 |
Fundamental | 12153 | Use the writing process to compose texts required in the business environment | Level 4 | NQF Level 04 | 5 |
Fundamental | 8976 | Write for a wide range of contexts | Level 4 | NQF Level 04 | 5 |
Elective | 117104 | Administer a long term insurance claim | Level 3 | NQF Level 03 | 2 |
Elective | 117111 | Apply knowledge of basic accounting principles to financial services | Level 3 | NQF Level 03 | 4 |
Elective | 114941 | Apply knowledge of HIV/AIDS to a specific business sector and a workplace | Level 3 | NQF Level 03 | 4 |
Elective | 116966 | Apply knowledge of self and own situation to manage risks resulting from change in the workplace | Level 3 | NQF Level 03 | 3 |
Elective | 114952 | Apply problem-solving techniques to make a decision or solve a problem in a real life context | Level 3 | NQF Level 03 | 2 |
Elective | 12548 | Demonstrate ability to use and interpret texts that apply to the role and responsibilities of trustees of Retirement Funds | Level 3 | NQF Level 03 | 4 |
Elective | 244568 | Demonstrate knowledge and understanding of effective study methods and techniques | Level 3 | NQF Level 03 | 3 |
Elective | 12550 | Demonstrate knowledge and understanding of the role functions and responsibilities of Trustees of Medical Schemes | Level 3 | NQF Level 03 | 4 |
Elective | 12547 | Demonstrate knowledge and understanding of the role, functions and duties of trustees of Retirement Funds | Level 3 | NQF Level 03 | 4 |
Elective | 114956 | Describe funeral insurance | Level 3 | NQF Level 03 | 2 |
Elective | 114938 | Describe how to manage anxiety and depression in the workplace | Level 3 | NQF Level 03 | 2 |
Elective | 114943 | Describe how to manage workplace relationships | Level 3 | NQF Level 03 | 2 |
Elective | 114948 | Describe how to support employees who are affected by a dread disease | Level 3 | NQF Level 03 | 2 |
Elective | 114932 | Explain how to manage diversity in the workplace | Level 3 | NQF Level 03 | 2 |
Elective | 114934 | Explain the concept of disability and the associated challenges for an organisation | Level 3 | NQF Level 03 | 3 |
Elective | 113907 | Explain the impact of personal wellness on work performance | Level 3 | NQF Level 03 | 2 |
Elective | 114966 | Explain the types of compulsory statutory insurance in South Africa | Level 3 | NQF Level 03 | 2 |
Elective | 114946 | Identify causes of stress and techniques to manage it in the workplace | Level 3 | NQF Level 03 | 2 |
Elective | 117146 | Indicate the scope of life insurance in South Africa | Level 3 | NQF Level 03 | 4 |
Elective | 114960 | Investigate the need to provide financially for own retirement | Level 3 | NQF Level 03 | 3 |
Elective | 117133 | Manage own work performance in relation to an organisation's performance management system | Level 3 | NQF Level 03 | 2 |
Elective | 119915 | Manage personal expenditure | Level 3 | NQF Level 03 | 3 |
Elective | 117171 | Manage time effectively to enhance productivity and enable a balanced lifestyle | Level 3 | NQF Level 03 | 2 |
Elective | 119681 | Research costs associated with marriage, birth, divorce and death in own circumstances | Level 3 | NQF Level 03 | 4 |
Elective | 113911 | Use an electronic system as a tool in a financial services context | Level 3 | NQF Level 03 | 2 |
Elective | 117123 | Analyse different group retirement products | Level 4 | NQF Level 04 | 2 |
Elective | 117120 | Analyse the Pension Funds Act as it applies to the administration of retirement funds | Level 4 | NQF Level 04 | 3 |
Elective | 117122 | Analyse the role of group retirement benefits in the insurance industry | Level 4 | NQF Level 04 | 2 |
Elective | 117126 | Apply knowledge and insight into aspects of the Long Term Insurance Act, Act 52 of 1998 | Level 4 | NQF Level 04 | 2 |
Elective | 117149 | Apply knowledge and insight into the statutory cover afforded under the Compensation for Occupational Injuries and Diseases Act, 130 of 1993, as amended (COIDA) | Level 4 | NQF Level 04 | 3 |
Elective | 117129 | Apply the regulations for disclosure that are required as part of the financial sales process | Level 4 | NQF Level 04 | 2 |
Elective | 119263 | Assess a Long-term insurance claim | Level 4 | NQF Level 04 | 5 |
Elective | 14315 | Demonstrate knowledge and insight into the Income Tax Act (58 of 1962 and the accompanying regulations) as amended as it applies to insurance and investment products | Level 4 | NQF Level 04 | 2 |
Elective | 12164 | Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002) | Level 4 | NQF Level 04 | 2 |
Elective | 14994 | Demonstrate knowledge and understanding of insurable risk | Level 4 | NQF Level 04 | 2 |
Elective | 113910 | Describe disability insurance solutions in the context of financial planning | Level 4 | NQF Level 04 | 4 |
Elective | 117137 | Describe group insured benefits | Level 4 | NQF Level 04 | 2 |
Elective | 119261 | Describe the control of fraud in Long-term Insurance | Level 4 | NQF Level 04 | 3 |
Elective | 119260 | Explain credit life insurance | Level 4 | NQF Level 04 | 2 |
Elective | 113923 | Explain fiduciary responsibilities and the associated risks | Level 4 | NQF Level 04 | 1 |
Elective | 14506 | Explain the Finance Intelligence Centre Act, Act 38 of 2001 and its implications for client relations | Level 4 | NQF Level 04 | 3 |
Elective | 117131 | Explain the legislation relating to marriage, divorce and maintenance as it applies to retirement benefits | Level 4 | NQF Level 04 | 2 |
Elective | 117155 | Explain the scope of the Compensation for Occupational Injuries and Diseases Act 130 of 1993 (COIDA) | Level 4 | NQF Level 04 | 2 |
Elective | 113913 | Investigate dread disease products and their place in wealth management | Level 4 | NQF Level 04 | 2 |
Elective | 118005 | Investigate quality and control mechanisms in a business unit | Level 4 | NQF Level 04 | 2 |
Elective | 119265 | Manage risk in own work environment | Level 4 | NQF Level 04 | 2 |
Elective | 119266 | Underwrite a standard risk in Long-term insurance | Level 4 | NQF Level 04 | 5 |
LEARNING PROGRAMMES RECORDED AGAINST THIS QUALIFICATION: |
When qualifications are replaced, some (but not all) of their learning programmes are moved to the replacement qualifications. If a learning programme appears to be missing from here, please check the replaced qualification. |
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PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS QUALIFICATION: |
This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here. |
NONE |
All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source. |