Skills Recognition Tool

Self-assessment tool for Certificate IV in Financial Services – Life Insurance

Please answer all questions to determine if you are a suitable candidate for Recognition of Prior Learning based on Relevant Professional Experience.

If you answer 'No' to any of the below questions then you are not a suitable candidate for this process.

1. Do you have 5 years work experience in Life Insurance?

2. Are you able to provide evidence of your experience?

Examples of evidence include:

• Testimonials, references from peers, colleagues or supervisors
• Examples of your work
• Position description for your current or past jobs
• Workplace reports, journals, diaries or calendar of events
• Photographic or written demonstration of achievements
• Performance review documents
• In-house training sessions attended.

3. Can you provide evidence to prove you are competent in all the 
    following competencies?

• Communicate in the workplace
• Use technology in the workplace
• Apply health and safety practices in the workplace
• Apply principles of professional practice to work in the financial services industry.

These are compulsory competencies for the completion of Certificate IV.

4. Can you provide evidence to prove you are competent in the
    following competencies?

Can you provide evidence to prove you are competent in the following competencies?

• Group 1
  
  (Choose one competency towards Certificate IV)
  
  - Process and issue a life insurance policy
  - Receive and process service requests
  - Process policy payments and terminations.

• Group 2
  
  (This competency is optional)
  
  - Assess extraordinary risks.

• Group 3
  
  (These 2 competencies are compulsory)
  
  - Undertake life insurance risk assessment
  - Settle policy payments and terminations.
  
  (Choose remaining 5 or 6 competencies to make a total of nine from.)
  
  - Maintain customer relationships
  - Develop and maintain in-depth knowledge of products and services used by
    your organization or sector
  - Participate in negotiations
  - Collect, assess and use information 
  - Resolve disputes
  - Evaluate risk for new business
  - Underwrite new business
  - Survey potential risk exposure
  - Underwrite renewal business
  - Analyse insurance claims
  - Use specialist terminology in insurance claims
  - Deliver a professional service to customers
  - Maintain customer relationships.

Apply

If you have identified you can provide evidence for the four compulsory competencies plus the nine electives would like to apply for RPL, click here to proceed.

(Note: This Certificate does not provide ASIC compliance)