About The Course
In this course, participants will learn about the types of Life Insurance products available and understand the major stages in new products development.
Participants will also learn about product life cycles, the various types of riders available, and standard policy provision.
Key Learning Outcome:
At the end of the course, participants will be able to:
- understand the basic concept of Life Insurance products.
- understand the basic cycle of product development.
- understand the types of riders.
- state the structure of life insurance policy provisions contracts.
Course Content
Day 1
- History of Insurance
- Life Insurance Products - Worldwide
- Pricing Strategy of Life Insurance Products
- The pricing strategy of Life Insurance products
- Introduction to New Product Development and Product Life Cycle Strategies
- Reasons for new product failures
- Major stages in new product development:
- Idea Generation
- Idea Screening
- Concept Development and Testing
- Concept Development
- Business Analysis
- Market Strategy Development
- Product Development
- Product Implementation
- Post Implementation Review
Day 2
-
Definition of Basic Plans
- List of Basic Plan
- Endowment
- Term insurance
- Whole Life
- Investment Link
- Annuity
- Hospital and Surgical
-
Definition of Riders
- Total Permanent Disability
- Term Rider
- Accidental Death Benefit
- Hospital Income Benefit
- Waiver of Premium
-
Standard Policy Provision
-
Basic Plan – Individual
-
Basic Plan – Group
- Riders
Speaker Profile
ELWIN LAU
B.Sc (Hons) (UK), MFP(Aust), ANZIIF(Senior Assoc), ChFC, CFP, RFP and Shariah RFP
Elwin has been actively involved in the insurance industry for over 25 years. He has held various positions as Manager of Underwriting, Branch Head and Head of Operations and Customers Service. He has a Bachelor of Science (Honours) and possesses a Masters in Financial Planning. He is also a Senior Associate of The Australian and New Zealand Institute of Insurance and Finance (ANZIIF).
He currently provides financial planning consultancy to both individuals and business owners in the financial services industry. He serves as Treasurer of the Malaysia Financial Planners & Advisers Association.
Elwin also conducts regular trainings in technical insurance with The Malaysian Insurance Institute (MII) and various institutions in financial planning for professional examination.
Elwin is a Chartered Financial Consultant (ChFC), a Certified Financial Planner (CFP), Registered Financial Planner (RFP) and Shariah Registered Financial Planner (Shariah RFP).
Date and Time
Date: 29 - 30 July 2021
Time: 9.00 a.m. - 4.00 p.m.
Registration Closing Date: 23 July 2021
Price
Early Bird (register before 9 July 2021):
MII Member : RM 680 (Single), RM 630 (Group)
Non Member : RM 850 (Single), RM 800 (Group)
International: USD 200 (Single), USD 180 (Group)
Normal Fee:
MII Member : RM 750 (Single), RM 700 (Group)
Non Member : RM 900 (Single), RM 850 (Group)
International: USD 230 (Single), USD 200 (Group)
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