PDI - Life Insurance Underwriting and Claims (此課程內容只提供英文版本)
Tel: 2836 1863
Email: johntsang@vtc.edu.hk Mr. Arvin Lau (Programme Secretary)
Tel: 2919 1429
Email: arvinlau@vtc.edu.hk Fax: 2891 5707
(此課程內容只提供英文版本)
Learning Outcomes
On completion of the module, students are expected to be able to:
- outline the major considerations and aspects that may affect life insurance underwriting;
- apply principles of life insurance underwriting and claims for insurance-related assessment under different medical conditions, infirmities, diseases, etc., and for contract interpretation; and
- analyze medical expenses and factors affecting life insurance underwriting and claims settlement, and calculate the actual reimbursement considering the preferences, responsibilities and attitudes of different parties involved in the underwriting and claims process, which includes reinsurance and the fraud detection.
Learning Contents
- Legal aspects affecting underwriting
- Related legal concepts and development
- Underwriting of various benefits
- Life insurance
- Health insurance and Supplementary benefits
- Disability income policies
- The difference between group and individual policies
- Financial Underwriting
- Actuarial concepts, Risk classifications related to Occupation, Recreation, Travel, Diseases, etc., Mortality and Annuities
- Scope and organization of reinsurance
- Methods and types of reinsurance
- Scope and organization of claims
- Legal consideration and principles in Claims
- Handling of various claims
- Life policy: administration procedure and payment options
- Health Policy: Claims assessment and processing including related medical aspects
- Life and Health Policy: handling of fraud
- Scope, organization and practices of policy owner service
- 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)
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| 33Z139352 | Life Insurance Underwriting and Claims (Module from Professional Diploma in Insurance) |