LOGIN
At Moonstone Business School of Excellence, we are proud to offer various courses including short term insurance courses. The qualification covers short-term related learning and provides a framework for students to develop competencies that will give them insight into the Short-term insurance sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will ready them for the industry.
Students employed in Short-term insurance industry and who give advice on Personal lines and or Commercial line business.
| Skills Programme 1 Personal Lines | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 120008 | Demonstrate knowledge and understanding of the insurance of pleasure craft | 3 | 4 | E |
| 120011 | Apply knowledge of personal all risks insurance | 2 | 4 | E |
| 120015 | Demonstrate knowledge and understanding of house owners insurance | 3 | 4 | E |
| 120016 | Apply knowledge insurance of household contents | 4 | 4 | E |
| 120118 | Underwrite a standard risk in Short-term personal insurance | 6 | 4 | E |
| 120123 | Process a Short-term insurance claim | 3 | 4 | E |
| 120132 | Apply knowledge of personal liability insurance | 3 | 4 | E |
| 120136 | Apply knowledge of Short-term Insurance to reinsurance | 5 | 4 | E |
| 9302 | Access information in order to respond to client enquiries in a financial services environment | 2 | 3 | E |
| 31 | ||||
| Skills Programme 1 Commercial Lines | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 9302 | Access information in order to respond to client enquiries in a financial services environment | 2 | 3 | E |
| 120110 | Underwrite a standard risk in Short-term commercial insurance | 10 | 4 | E |
| 120115 | Apply technical knowledge and understanding of business insurance | 10 | 4 | E |
| 120122 | Apply knowledge of Short-term Insurance to the All Risks section of a commercial policy | 2 | 4 | E |
| 120123 | Process a Short-term insurance claim | 3 | 4 | E |
| 120136 | Apply knowledge of Short-term Insurance to reinsurance | 5 | 4 | E |
| 32 | ||||
| Skills Programme 2 Personal and Commercial Lines | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 114985 | Indicate how different needs lead to the development of different Financial Service products | 4 | 3 | C |
| 117117 | Describe standard insurance cover in terms of SASRIA | 4 | 4 | C |
| 117127 | Describe and apply the basic principles of personal income tax | 3 | 4 | F |
| 117156 | Interpret basic financial statements | 4 | 4 | F |
| 117158 | Investigate ways of managing financial risk in own lives | 5 | 4 | F |
| 119265 | Manage risk in own work environment | 2 | 4 | C |
| 120121 | Apply technical knowledge and understanding of the cover provided under a Short-term Multi-Peril Insurance policy | 5 | 4 | C |
| 120124 | Demonstrate knowledge of insurable risk | 3 | 4 | C |
| 120128 | Apply the law of contract to insurance | 3 | 4 | C |
| 33 | ||||
| Skills Programme 3 Personal and Commercial Lines | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 13940 | Demonstrate knowledge and application of ethical conduct in a business environment | 4 | 4 | C |
| 120019 | Analyse new developments reported in the media that could impact on Short-term insurance | 10 | 4 | C |
| 120005 | Demonstrate knowledge and understanding of personal motor insurance | 4 | 4 | C |
| 119676 | Apply the skills of customer care in a specific work environment | 4 | 4 | C |
| 117133 | Manage own work performance in relation to an organisation’s performance management system | 2 | 3 | C |
| 114943 | Describe how to manage workplace relationships | 2 | 3 | C |
| 113911 | Use an electronic system as a tool in a financial services context | 2 | 3 | C |
| 120127 | Demonstrate knowledge and understanding of issues of compliance and non-activity that could result in civil or criminal liability in terms of business law | 2 | 4 | C |
| 12164 | Demonstrate knowledge and insight of the Financial Advisory and Intermediary Services Act (FAIS) (Act 37 of 2002) | 2 | 4 | E |
| 32 | ||||
| Skills Programme 4 Mathematics | ||||
| CODE | U/S TITLE | CREDITS | LEVEL | TYPE |
| 7468 | Use mathematics to investigate and monitor the financial aspects of personal, business, national and international issues | 6 | 4 | F |
| 9015 | Apply knowledge of statistics and probability to critically interrogate and effectively communicate findings on life related problems | 6 | 4 | F |
| 9016 | Represent analyse and calculate shape and motion in 2-and 3-dimensional space in different contexts | 4 | 4 | F |
| 16 | ||||
*Note on Skills Programme 4: Learners who passed mathematics or mathematical literacy as a subject in Grade 12 may be granted 16 credits through concession against these fundamental unit standards at Levels 3 and 4.
| Skills Programme 5 Communication & Additional South African Language | ||||
| ID | TITLE | CREDITS | LEVEL | TYPE |
| 8969 | Interpret and use information from texts | 5 | 3 | F |
| 8976 | Write for a wide range of contexts | 5 | 4 | F |
| 8974 | Engage in sustained oral communication and evaluate spoken texts | 5 | 4 | F |
| 8970 | Write texts for a range of communicative contexts | 5 | 3 | F |
| 8973 | Use language and communication in occupational Learning Programme | 5 | 3 | F |
| 8975 | Read analyse and respond to a variety of texts | 5 | 4 | F |
| 8979 | Use language and communication in occupational Learning Programme | 5 | 4 | F |
| 8968 | Accommodate audience and context needs in oral communication | 5 | 3 | F |
| 40 | ||||
*Note on Skills Programme 5: students who passed English as a first language as a subject in Grade 12 with symbols A-E may be granted 20 credits through concession against the Communication Unit standards at levels 3 and 4. Students who passed an additional South African Language other than the language of business (English) as a first, second or third language as a subject in Grade 12 with symbols A-E may be granted 20 credits through concession against the Communication Unit standards required as a second language at level 3.
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:
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.
Applications are open throughout the year.
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).
Starting Date
All year
Applications / Registrations
Are open throughout the year
Method of Training
Online Learning
Facilitated (groups of 15+)
Qualification Duration
3 to 6 months per Skills Programme
Admission Requirements
Students must be able to read and write.
Fees:
Click here for fees, payment options and finance providers.
At Moonstone Business School of Excellence, we are proud to offer various courses including short term insurance courses. The qualification covers short-term related learning and provides a framework for students to develop competencies that will give them insight into the Short-term insurance sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will ready them for the industry.
The qualification is designed to provide advanced financial planning skills, knowledge, attitudes and values in the areas of Financial Management, Asset Management, Investment Planning, Risk Management, Tax Planning, Retirement Planning, Estate Planning and Ethics in order to produce graduates to meet the growing need for financial planning professionals in SA.
The Advanced Certificate in Financial Planning (ACFP) provides the skills and knowledge required to provide holistic financial planning services to the ‘man in the street’ and prepares you for further specialised studies in financial planning. The ACFP also addresses the education requirement to obtain the FINANCIAL SERVICES ADVISOR™ (FSA™) designation awarded by the Financial Planning Institute of South Africa (FPI). Please visit: www.fpi.co.za for more information on ‘a career in financial planning’.
Companies and organisations are required to comply with various regulations and legislative requirements. Moonstone Business School of Excellence’s Occupational Certificate: Compliance Officer (NQF level 6) qualification equips students with these expert skills, and practical experience in legal matters, compliance risk management as well as the compilation, implementation and reporting of compliance strategies.
The Higher Certificate in Wealth Management (HCWM) provides an ideal entry point into the financial services industry in various roles, or to kickstart your career in financial planning. The HCWM is recognised by the Financial Services Conduct Authority for all product sub-categories of Category I FSPs, and can be used to fulfil fit and proper requirements for FAIS roles in Category I FSPs.
The qualification covers Short-term Insurance related learning and provides a framework for students to develop competencies that will give them insight into the short-term sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will prepare them for the industry.
The qualification covers Short-term related learning and provides a framework for students to develop competencies that will give them insight into the Short-term insurance sub-sector. It introduces a basic understanding of the key terms, rules, concepts and principles of the fields that will ready them for the industry.
The Qualification is a holistic introduction to Wealth Management and Wealth Creation. It enables intermediaries to understand the Wealth Management environment, the legislative requirements and product-related information. Our qualification is aimed at students 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. We developed the Skills Programmes, covered in this qualification, to provide intermediaries with more options to comply with the requirements of the FAIS Act.
The National Credit Act No 34 of 2005 was passed by Parliament on the 10th of March 2006. It is designed to achieve a number of objectives, most of which are to benefit and protect the consumer. The aim is to introduce a single, functional system of regulation that will apply to all credit activities, thereby ensuring that all credit providers and credit consumers are treated equally.
FICA is a crucial piece of legislation in South Africa. Its primary purpose is to combat financial crimes, including money laundering, fraud, tax evasion, terrorist financing activities, and identity theft. To be FICA compliant in South Africa, both organizations and individuals need to adhere to specific requirements and obligations.
The Protection of Personal Information Act (PoPIA) is South Africa’s data protection law. The purpose of the legislation is to ensure all South African institutions conduct themselves in a responsible manner when collecting, processing, storing and sharing another entity’s personal information, by holding them accountable should they abuse or compromise personal information in any way.
An entrepreneur is someone who creates new business in the face of risk and uncertainty for the purpose of achieving profit and growth by identifying business opportunities and assembling the necessary resources, structures and procedures to capitalize on those opportunities.
Kindly be advised that Moonstone offices will be closed for the festive season from 12:00 Friday, 20 December 2024, and will re-open on Monday, 6 January 2025.
We wish you a joyful holiday season and look forward to assisting you in the new year!