Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSASICM513 Mapping and Delivery Guide
Provide general advice in life insurance
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSASICM513 - Provide general advice in life insurance |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes the skills and knowledge required to analyse and advise on general life insurance needs in line with current Australian Securities and Investments Commission (ASIC) regulation (Financial Services Reform Act) in the insurance specialist and generic knowledge areas.The unit applies to those who apply specialist product knowledge and well-developed interpersonal and communication skills in the provision of general advice in life insurance.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry. This includes access to: office equipment, technology, software and consumables used to provide general advice in life insurance clients requiring general advice in life insurance organisational records organisational policies and procedures. Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Establish relationship with client and identify objectives, financial situation |
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Element: Analyse client’s objectives, needs, financial situation and risk profile |
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Element: Develop and present strategies and solutions appropriate to client |
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Element: Coordinate implementation of agreed products or services |
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Element: Provide arrangements for ongoing service, where requested by client |
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