R 415


Refresher: Long-Term Insurance



CPD Accreditation detail:

Professional Body: IOBSA

CPD hour allocation: CPD Hours (online learning): 7 CPD hours    

CPD registration number: IOB119

Learners will gain enough knowledge and understanding of specific long-term insurance policies to render financial services adequately. 

The course will provide learners with enough knowledge to determine the appropriateness of a product in terms of the client’s specific needs. 

The following subclasses will be covered in this course: 

  • Roles, Responsibilities & Parties to a Life Insurance Contract
  • Life Insurance Risk Policies
  • Life Insurance Investment Policies
  • Life investment policies
  • Life Insurance Legal Concepts
  • Case Studies

Who should register?

Representatives who render advice and intermediary services in this class of business and Key Individuals who manage and oversee financial advisors in this class of business.


On 17 January 2018, the President of the Republic of South Africa signed the Insurance Bill into law. The change to the insurance legislation has come into effect on 1 July 2018 and brought about a range of changes. The aim of the amendment to insurance legislation is to provide more South Africans with the opportunity to cover themselves and their assets, and provide for greater protection for policyholders.

The Insurance Act 18 of 2017, provides a consolidated legal framework for prudential supervision of the insurance sector that is consistent with the Constitution of the Republic of South Africa, 1996 and international standards for insurance regulations and supervision. The Act introduces a legal framework for micro-insurance to promote financial inclusion.