Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSILF402A Mapping and Delivery Guide
Settle policy payments and terminations
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSILF402A - Settle policy payments and terminations |
---|---|---|---|
Description | This unit describes the performance outcomes, skills and knowledge required to settle payments and terminations on life insurance policies.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). | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to job roles within the specialist area of life insurance and 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. |
||
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 | |
---|---|---|---|---|---|---|---|---|
Elements of Competency | Performance Criteria | |||||||
Element: Determine validation criteria |
| |||||||
Element: Compile necessary documentation |
| |||||||
Element: Advise customer/client of the consequences of processing the settlement |
| |||||||
Element: Assign validity of request |
| |||||||
Element: Review evidence available in support of payment request |
| |||||||
Element: Establish liability for payment under the policy |
| |||||||
Element: Authorise payment where required and communicate decision |
|