Further Education and Training (FETC): Short-term Insurance (NQF 4)

• Each Skills Programme is an independent programme and one can enrol at any time for a Skills Programme.
• This qualification is unit standard-based: Students will receive credits for each Skills Programme they finish i.e. you do not have to finish the full qualification to receive credits.
• At least three Skills Programmes are compulsory.
• Two of the Skills Programmes are mathematics or mathematics literacy and communication literacy: students with a
• grade 12 certificate with mathematics and two languages present, will be granted possible exemption.
• Students must choose between the Personal Lines and Commercial Lines Skills Programme.

Skills Programme 1 – Compulsory
Personal Lines
(31 credits)

The majority of these Skills Programmes mainly consist of legislation, customer care, relationship building, and ethical conduct. A student will have the knowledge, and understanding of, ‘insurance of pleasure craft’, house owner insurance, household content, personal liability insurance, reinsurance and how to process Short-term insurance claims.

Skills Programme 1 – Compulsory
Commercial Lines
(32 credits)

The majority of these Skills Programmes are electives. A student will learn to underwrite standard risk in Commercial Lines and have a good knowledge base of business insurance, all risk section of business insurance and Short-term reinsurance. They will also have an understanding of how to process a Short-term insurance claim.

Skills Programme 2 – Compulsory
(33 credits)

Students will:

• Have knowledge of SASRIA and personal sales tax.
• Interpret basic financial statements.
• Manage financial risk personally and in the workplace.
• Apply and understand the cover provided under a Multi-Peril insurance policy and the law of contract to insurance.

Skills Programme 3 – Compulsory
(32 credits)

Students will demonstrate knowledge and understanding of personal motor insurance and ethical conduct, as well as analyse new developments that could impact on ST insurance, compliance services, customer care, use of an electronic system in ST insurance and an insight of the FAIS act.

Skills Programme 4 – Elective
Mathematics
(16 credits)

Students who have passed mathematics in grade 12 will possibly be granted exemption.
If you are not granted exemption, you will learn to apply knowledge of statistics and probability and use mathematics to investigate and monitor the financial aspects of personal/ business issues.

Skills Programme 5 – Elective
Communication and additional SA Language
(40 credits)

Students who have passed two languages in grade 12 will possibly be granted exemption.
If you are not granted exemption, you will learn to read, interpret and use information from texts as well as write and engage in oral communication.

• Learning material is developed for outcome-based training and is developed in conjunction with industry requirements.
• Learning material is continuously updated with any changes in the marketplace.
• Learning material is easy to access and easy to understand without facilitation.
• The Learning material is only available in English.

Distance Learning: (± 30 credits)

Cost of facilitated learning (Moonstone provides venue): (± 30 credits)

Cost of facilitated learning (use own venue): (± 30 credits)

Additional Fees:

Re- assessment fees (Incl. VAT)

Summative Assessment: R 910.00
Formative assessment: R 253.00 per unit standard

How do I calculate my fee?

In order for any student to calculate their total fee, we first need to establish your credit score and which skills programmes you should enrol for.

Please refer to our RPL and credit mapping to get started.

No deadline.

Payment deadline:

On registration per Skills Programme or full qualification.

Start date and end date:

• Will individually be decided with registration.
• A Skills Programme takes approximately 3 months to complete.

The Qualification consist of Fundamental, Core and Elective Components. To be awarded the Qualification, students are required to obtain a minimum of 150 credits in line with the component requirements. Certification will occur as soon as all the relevant unit standards toward the qualification have been completed, verified and endorsed by INSETA and uploaded onto the National Learner Records Database (NLRD).

• Online learning
• Distance learning
• Facilitated learning (available to groups of 15 and more)

• This qualification is suitable for students who have schooling at/or below NQF 4 (grade 12 certificate).
• Our programme is aimed at student’s with less than four years’ experience, newcomers to the industry, or those who
• have lots of experience, but would like to brush up on their product knowledge.
• No admission requirements.
• Students must be able to read and write.
• Students will receive an equivalent qualification as a grade 12 certificate.

• After completion of the Portfolio of Evidence, the students will either courier the proof of evidence to the Assessor or upload on LMS for assessment. Once assessed and the students is found Competent in all the Skills Programmes, MBSE will contact the candidate to arrange for a closed-book Summative Assessment.
• Additional assignments will be handed in on the day of the Summative Assessment.
• Should the candidate be unsuccessful in the Skills Programmes on the Portfolio of Evidence, MBSE will contact the candidate to apply for a rewrite on these Skills Programmes.
• Once Competent MBSE will arrange for the Summative Assessment.