The MNRB SCHOLARSHIP FUND, a fund established by MNRB Holdings Berhad, a company listed on the Main Board of Bursa Malaysia and a subsidiary of Permodalan Nasional Berhad (PNB), in collaboration with THE MALAYSIAN INSURANCE INSTITUTE (MII), invites suitably qualified staff of insurance companies in Malaysia (including Brokers, Adjusters and Insurance Associations) to apply for Scholarships to pursue MII’s Professional Programmes in Insurance, namely the:

• The scholarship is open to qualified staff of insurance companies in Malaysia
  including Brokers, Adjusters and Insurance Associations.
• The scholarship for AMII Level 1 and Level 2 are open to new students. Or those who have the Certificate of MII.
• All scholarship recipients must fulfil the minimum entry requirement listed below.

1. Passed STPM/A-Level or higher qualification which is recognized by the Malaysian Government or from a recognised Professional Body; (must be Certified true Copy)
   
   OR
2. Passed the Certificate of the Malaysian Insurance Institute (CMII) from The Malaysian Insurance Institute;
   
   OR
3. Passed the Certificate in Insurance from The Chartered Insurance Institute, United Kingdom. (must be Certified true Copy)

• Students with a recognised qualification in the relevant field will be given credit exemptions based on past results and portfolio review (where applicable).
• Any other qualifications will be considered on a case-to-case basis.
• MII’s selection committee reserves the right to accept or reject any application.

ENTRY REQUIREMENT TO AMII LEVEL 2

•  Completion of AMII L1

• The proposed scholarship will cover the following:

  • 50% of programme fee which includes tuition fee or exemption fee (if exemption application is approved), examination fee and study text;
  • Full fee of a one-time student registration fee.
  • Full fee of a one-time MII membership joining fee.
  • Full MII annual membership fee.

• The total tuition fee for year 2022/2023 is estimated at:
  • AMII Level 1 – RM5,250 per student for 6 subjects
  • AMII level 2 – RM8,480 per student for 8 subjects

Syllabus and Assessment Structure

The AMII programme constitutes an enhanced syllabus of local content and practices, as well as assessments that consists of coursework (assignment and tests – 40%), case studies and final examination (60%) that tests the application of both academic and on the-job experience.

Class Intake:

• February Class intake – Final examination in May
• June Class intake – Final examination session in September
• October Class intake – Final examination in January

• Students are required to complete AMII Level 1 (18 credits / 6 subjects) before enrolling for AMII Level 2.
• Students are required to complete AMII Level 2 (32 credits / 8 subjects) to fulfil the AMII completion requirement..
• Students must meet the completion eligibility criteria at the time of completion of the AMII
• A total of 50 credits are required to complete AMII Level 1 and Level 2.

• Subject exemption may be awarded for prior learning (qualification related) by applying the exemption for the related subject(s) with the necessary supporting documents.
• 3 credits per subject for AMII Level 1 and 4 credits per subject for AMII Level 2 may be awarded if it complies with the exemption requirements.

• AMII is accredited by The Finance Accreditation Agency (FAA).
• AMII is recognised by the Chartered Insurance Institute (CII), UK whereby a student is able to obtain a maximum of 210 credits from AMII to be applied towards the CII qualification (depending on the terms and conditions of the CII qualification framework).
• AMII is also recognised by The Australian New Zealand Institute of Insurance and Finance (ANZIIF).  AMII graduates who have :
• completed the Associateship of Malaysian Insurance Institute Level 1 is eligible to apply for the ANZIIF Associate membership.
• completed the Associateship of Malaysian Insurance Institute Level 2 is eligible to apply for the ANZIIF Senior Associate membership.
• attained the Fellowship of Malaysian Insurance Institute and have been an ANZIIF CIP member for two consecutive years will be eligible to apply for the ANZIIF Fellow membership.