PDI - Life and Health Insurance
Tel: 2836 1863
Email: johntsang@vtc.edu.hk
Mr. Arvin Lau (Programme Secretary)
Tel: 2919 1429
Email: arvinlau@vtc.edu.hk Fax: 2891 5707
Learning Outcomes
On completion of the module, students are expected to be able to:
-
address typical concerns for assessment of individual and group, and medical risks in life and health insurance for consideration when designing or selecting related insurance products;
-
apply knowledge of life and health concepts on common contract enquiries, including the policy differences and suitability, and settling claims; and
-
review and make suggestions for improvement on performance of underwriting and claims of standard individual and group life and health insurance matters.
Learning Contents
- Market Industry and needs for life and health insurance
- Pricing of life insurance
- Principles & terminology
- The difference between Life, Health and Disability Income Policies
- Types of life insurance
- Policy wordings, coverage extensions and exclusions, etc.
- Policy differences and suitability including whole life, term, endowment, annuities to meet different needs like death, disability, critical illness, mortgagee, keyman, business life, etc.
- Health insurance and Managed Health Plan
- Individual plans
- Policies
- Costs
- Supplementary benefits for life and health insurance
- Product and features
- Life and health underwriting, and quotation
- Product and features
- Claims practice of life and health insurance
- Claims procedures
- Disputes and claims handling
- Health insurance: group plans, and dominant medical insurance
- Product and features
- Life and health insurance market , voluntary Health Insurance Scheme and self-regulation
- Market features and developments
Entry Requirements:
- Five HKDSE subjects at Level 2 or above, including English and Chinese Languages with 2 or more years relevant full-time work experience; or
- Five HKCEE subjects at Grade E/Level 2 or above, including English* and Chinese Languages with 3 or more years relevant full-time work experience; or
- Completion of a QF Level 3 programme that is deemed acceptable to the respective Programme Committee; or
- Relevant Recognition of Prior Learning (RPL) qualification(s) at QF Level 3 or above AND a pass in an admission interview; or
- Other relevant verifiable prior learning and/or work experience that is/are deemed appropriate by respective Programme Committee AND a pass in an admission interview.
Continuing Education Fund
The modules of “Professional Diploma in Insurance” (PDI) have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes (https://www.wfsfaa.gov.hk/cef). The mother course “Professional Diploma in Insurance” of the modules is recognised under the Qualifications Framework (QF Level 4).
For the modules commenced on or before 31 March 2022 (the 1st module should be commenced on or before the date), CEF claimants would be eligible for fee reimbursement upon their successful completion of any 4 modules selected from PDI (CEF Course Code: 33F11053A), with the fulfilment of both the minimum attendance requirement of 70% AND passing each of the 4 modules at 50% or above.
For the modules commenced on or after 16 August 2022, CEF claimants would be eligible for fee reimbursement upon their successful completion of any one module selected from PDI with the following CEF course codes, with the fulfilment of both the minimum attendance requirement of 70% AND passing the module at 50% or above.
| CEF course code (for the modules commenced after 16 August 2022) | CEF Course Title in English (for the modules commenced after 16 August 2022)
|
| 33Z139344 | Life and Health Insurance (Module from Professional Diploma in Insurance) |
| Course Code | Programme | Level | |
|---|---|---|---|
| 780I2 | PDI - Insurance Organization Operations | Module Certificate | |
| 781I2 | PDI - Liability Insurance | Module Certificate | |
| 782I2 | PDI - Marine and Aviation Insurance | Module Certificate | |
| 783I2 | PDI - Personal Investment and Financial Services | Module Certificate | |
| 784I2 | PDI - Financial Planning | Module Certificate | |
| 785I2 | PDI - Business Financial Planning | Module Certificate | |
| 791I2 | PDI - Insurance Principle and Practice | Module Certificate | |
| 792I2 | PDI - Insurance Underwriting and Claims | Module Certificate | |
| 793I2 | PDI - Legal Aspect of General Insurance | Module Certificate | |
| 794I2 | PDI - Property Insurance | Module Certificate | |
| 795I2 | PDI - Motor Insurance | Module Certificate | |
| 796I2 | PDI - Life and Health Insurance | Module Certificate | |
| 797I2 | PDI - Life Insurance Underwriting and Claims | Module Certificate | |
| 798I2 | PDI - Legal Aspect of Life Insurance | Module Certificate | |