This unit standard requires detailed knowledge of the main products offered by Healthcare Benefits Administrators. It will be useful for intermediaries, learners in medical scheme administration, trustees and learners in call centres. The qualifying learner is capable of:
- Explaining the difference between a medical scheme and medical insurance. - Researching the move from traditional to new generation medical schemes. - Explaining the benefits that are covered by medical schemes. - Explaining and using in the correct context terminology used in the industry.
This unit standard is intended to promote general knowledge and understanding of current affairs in the field of Long Term Insurance. It addresses a broad base of medical and health related knowledge and requires the analysis of current affairs as they could impact wellness and life expectation. The qualifying learner is capable of:
- Analysing articles and reports relating to the changing nature of the Long Term Insurance industry in South Africa. - Analysing developments in technology that could impact on the administration of long term insurance. - Interpreting the effect of innovations in medical treatment and drug development on one of the sub sectors of long term insurance. - Investigating the spread of diseases in Africa as reported in the media.
This unit standard introduces the concept of fraud and its control in Long-term Insurance. It is intended for underwriters, claims assessors, intermediaries and learners in policy servicing and legal departments. The qualifying learner is capable of:
- Describing fraud as it occurs in Long-term insurance. - Explaining legal aspects relating to fraud in Long-term insurance. - Describing internal processes around the investigation of fraud in Long-term insurance. - Analysing trends and the impact of fraud in Long-term insurance. - Explaining control mechanisms used to contain fraud in Long-term insurance.
This unit standard is intended for insurance and business managers in retail outlets who sell retail insurance and are required to be registered under FAIS. It is also useful for learners who sell payment protection and work with credit life insurance. The qualifying learner is capable of:
- Analysing the risk associated with debt. - Explaining credit life cover. - Differentiating between life and credit life cover. - Analysing the terms and conditions of a credit life policy.
This unit standard provides a broad introduction to funeral policies and burial societies as part of financial planning. The qualifying learner is capable of:
- Explaining the concept of funeral insurance. - Identifying different funeral benefits related to funeral insurance and burial societies. - Identifying funeral insurance as part of financial planning. - Applying knowledge of customer profiles and risk to funeral insurance.
This unit standard explores the types of healthcare cover available in South Africa. Learners will gain a solid understanding of the differences between medical schemes and insurance, and how these systems support citizens' access to healthcare services.
Stay informed and critically aware of how current events affect long-term insurance. This unit guides learners in evaluating media-reported developments and understanding their potential effects on the insurance industry and client wellness.
Understand how fraud affects the long-term insurance industry and what can be done to control it. This unit covers detection, prevention, and the importance of ethical practices to ensure integrity in insurance operations.
This unit provides a comprehensive look at credit life insurance and its role in protecting debt obligations. Learners will explore product features, policyholder rights, and how these policies function within the broader financial ecosystem.
Gain insights into funeral insurance as a critical product for financial preparedness. This unit explores policy structures, benefit options, and how funeral cover supports families in times of loss.
This foundational requirement ensures learners can read, write and communicate effectively in English within the context of the Financial Sector Structure & Reported Events course. Proficiency in English supports the ability to comprehend regulatory frameworks, interpret financial news, and engage meaningfully with complex financial sector terminology and documentation.