Jesse Wilkinson posted an update 1 day, 17 hours ago
Anyone planning to provide any of the following financial advisory services are needed to pass this module, together with the pertinent product expertise as well as analysis modules, in conformity with the requirements as put down by the Monetary Authority of Singapore (MAS).This exam include 100 Numerous Choice Concerns (MCQ) computer bases. You will certainly need to finish every little thing within 2 hours limit with a passing score of 75% and higher.Cost range from $86.60 to $146.59 depending upon your member condition, timing of exam as well as first/subsequent attempt.There are no exemptions for M5 due to the fact that it is a Rules & Regulations exam.Module 9– Life Insurance Policy and also Investment-Linked PoliciesTo guarantee prospective financial consultants/ reps have the requisite fundamental knowledge of life insurance policy and also investment-linked policies.Those meaning to give suggestions on and/ or prepare life insurance policy policies (whether consisting of investment-linked policies) are called for to pass this module, along with the module M5 on Rules and Regulations for Financial Advisory Solutions, in conformity with the requirements as put down by the Monetary Authority of Singapore (MAS).Same as module 5 above, this exam include 100 numerous Selection Questions as well as you will need to score 70% and also over to pass. One mark will certainly be awarded for every right solution. No mark will certainly be granted or subtracted for any wrong or empty solution.Module 9a– Life Insurance and also Investment-Linked Policies IIThis examination is for brand-new and existing agent of financial advisers that require to abide by MAS need to have the requisite knowledge to suggest or market Investment-Linked Life Insurance Policies (ILPs).The objectives of the CMFAS Exam for Module 9A– Life Insurance As Well As Investment– Linked Policies II are to examine candidates on their knowledge and understanding of the attributes, kinds, advantages and negative aspects of organized products, comparison with other investment alternatives, administration framework, documents and also dangers related to the investment of organized products, especially Structured ILPs, in addition to to review some instances of Organized ILPs on item features, intrinsic risks, and efficiency under numerous market conditions in establishing item viability for the clients. It additionally reviews the different kinds of derivatives on the market, both on-the-exchange as well as over-the-counter.There are an overall of 50 questions for this exam, in Several Selection format too. Period is 1 hr. You must rack up a minimum of 70% and above. One mark will be awarded for every proper solution. No mark will be awarded or subtracted for any kind of incorrect or blank response.Health Insurance ModuleTo ensure insurance middlemans and also business staff members who are involved in advising and/ or marketing Medical insurance items have the requisite understanding of the medical care setting in Singapore, as well as the various types of Medical insurance products in the insurance market.All life and basic insurance intermediaries and firm employee who are involved in recommending as well as/ or selling any Medical insurance items including:• Medical Cost Insurance• Handicap Income Insurance• Long-Term Treatment Insurance• Critical Ailment Insurance• Took Care Of Health Care InsuranceThose who provide suggestions on as well as/ or organize agreements of insurance in respect of the Medical insurance items which contain just essential illness advantages and also/ or health center income advantages are not needed to follow such requirement, supplied that they have actually gotten come on the Certification generally Insurance – Basic Insurance Concepts & Principles as well as Personal General Insurance, or Funding Markets & Financial Advisory Services (CMFAS) Module 9: Life Insurance and Investment-Linked Policies.