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
-
Life Insurance Products - Worldwide
-
Types 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
-
Main 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
Target Audience
-
New entrants in the insurance companies / Takaful operators
- Newly recruited agents
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 insurance industry for more than 25 years. He has held various positions as Manager of Underwriting, Branch Head and Head of Operations and Customers Service. He holds a Bachelor of Science (Honours) and a Master in Financial Planning. He is also a Senior Associate of The Australian Insurance Institute and New Zealand Institute of Insurance and Finance (ANZIIF).
He currently provides financial planning consultancy to both individual and business owners in the financial services industry. He serves as Treasurer of the Malaysia Financial Planners & Advisers Association.
He also conducts regular trainings in technical insurance with The Malaysian Insurance Institute (MII) and various other institutions in financial planning for professional examination. He is a certified trainer for MII, RFP programmes and CFP programmes..
Elwin is a Chartered Financial Consultant (ChFC), a Certified Financial Planner (CFP), Registered Financial Planner (RFP) and Shariah Registered Finnancial Planner (Shariah RFP).
Date and Time
Date: 4 - 5 July 2022
Time: 9.00 a.m. - 4.00 p.m.
Registration Closing Date: 3 July 2022
Price
Early Bird (Register before 21 June 2022)
MII Member:
RM680 (Single), RM630 (Group)
Non Member:
RM850 (Single), RM800 (Group)
International:
USD200 (Single), USD180 (Group)
Normal Fee
MII Member:
RM750 (Single), RM700 (Group)
Non Member:
RM900 (Single), RM850 (Group)
International:
USD230 (Single), USD200 (Group)
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