In as little as one hour, this course outlines the role of insurance, the different types of insurance cover available to members of superannuation funds, the key benefits of group life insurance arrangements, the duty of disclosure imposed upon members, the role of the insurer and the different methods used to calculate a member’s insurance premium, as well as the more recent amendments to insurance under the Protecting Your Superannuation (PYS) and Putting Members’ Interests First (PMIF) legislation.
Upon completion of this course, you will be able to:
– identify the need for insurance
– discuss the concept of group life insurance
– identify the different types of insurance cover offered by superannuation funds
– explain the process of ‘underwriting’
– identify the disclosure requirements imposed on insurers and the insured
– discuss the role of the insurer
– discuss the key legislative changes impacting the provision of insurance to members including inactive accounts, low balance members and members under age 25
– list the requirements for MySuper products for opt-out insurance
– list the different ways in which insurance premiums can be calculated
– discuss the claims process for the payment of disability benefits.
Insurance Essentials is delivered completely online in an interactive e-learning format comprising one e-learning module and a final quiz. Online delivery means you can study anywhere, anytime.
Corporate virtual workshop options are also available – contact us to discuss.
Flexible online
CPD Points
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Acknowledgement of Country
We want to respectfully acknowledge the Traditional Owners and Custodians of these lands, seas, and waters throughout Australia. We pay our respects to Elders both past and present. We acknowledge the history, the resilience and the continual contributions of Aboriginal and Torres Strait Islander peoples of their Country.
Acknowledgement of Country
We want to respectfully acknowledge the Traditional Owners and Custodians of these lands, seas, and waters throughout Australia. We pay our respects to Elders both past and present. We acknowledge the history, the resilience and the continual contributions of Aboriginal and Torres Strait Islander peoples of their Country.
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