Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSASICP503A Mapping and Delivery Guide
Provide Tier 1 general advice in life insurance
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSASICP503A - Provide Tier 1 general advice in life insurance |
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Description | This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including legislation administered by the Australian Securities and Investments Commission (ASIC).This unit covers the functions undertaken by non-broker insurance advisers providing general advice in Tier 1 life insurance to a consumer or current client.Conditions relating to ASIC training requirements and accreditation should be obtained from ASIC.General advice is defined by ASIC in its regulatory guides relating to the conduct and training of financial service product advisers.This unit requires the application of skills and knowledge to identify where the consumer is seeking general rather than personal product advice and to follow the appropriate steps to provide this level of advice.There is a substantial component of generic, core and specialist life insurance knowledge that must be developed by the adviser as part of this unit in order to meet the ASIC training standards for Tier 1 general advice. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit is specifically designed to assist advisers dealing with retail clients but it may have wider application to wholesale clients.The unit may be applied within organisations of various sizes and across a range of customer bases. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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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: Deal with initial client enquiry for general insurance |
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Element: Prepare general advice to client |
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Element: Provide general advice |
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