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General Insurance Adviser

The General Insurance course is designed for individuals who are interested in a career selling General, Personal and Business Insurance products as covered by Regulatory Guideline 146 (RG146).

For existing authorised representatives, successful completion of this course allows you to extend your advisory range into General Insurance products.

Focused on your Success

We recognise that employers are increasingly looking for candidates who are aware of the challenges of being a successful financial adviser.Often a candidate’s Qualification is the only evidence that they possess the technical knowledge and skills requirements to conduct themselves professionally as an authorised representative. Unfortunately, this can not be said for all training providers.

With a RG 146 Training Australia Diploma of Financial Planning qualification you have confidence in the fact that you will be equipped with the skills and knowledge gained from a credible industry-endorsed program that employs best practice assessment standards, helping you graduate at the leading edge of your chosen field.

Course Outcome

The General Insurance Advice course will equip you with the specialist knowledge and technical skills to provide compliant advice to clients on:

personal insurance related to:

  • house and contents,
  • motor vehicle
  • caravan
  • boat
  • travel and
  • consumer credit

business insurance related to:

  • sickness and accident
  • liability
  • personal indemnity and
  • workers compensation

RG146 Registered

Mentor’s courses offer more than just compliance training that meets the requirements of Regulatory Guideline 146 (RG146). They are designed to engage and challenge, so that you or your advisers are equipped with both the skills and knowledge required to deliver quality advice outcomes to your clients.

Who Should Enrol?

This course is suitable for:

  • Individuals seeking employment with any general insurance company
  • Individuals engaged in the promotion of general insurance products

Course Entry Requirement

This is an open entry course with no pre-requisite qualifications. In order for participants to successfully complete this course, it is recommended they have a strong grasp of literacy and numeracy.

Level of Advice

All financial product advice are labelled under two types of advice: general advice or personal advice. ASIC has provided guidance as to the difference between general advice and personal advice. Both general advice and private advice are outlined under section 766B of the Corporations Act.

Mentor Education’s RG146 General Insurance Short Course covers general advice only, personal advice is not covered.

General Advice

General Advice relates to financial products or investments that can be obtained from an individual that holds an Australian Financial Services Licence (AFSL) or similarly works for a company that has an AFSL.

The advice is classified as general information provided to a client on a particular product or strategy but does not take into account the clients’ personal financial circumstances.

Furthermore, for general advice the individual will receive a current Financial Services Guide (FSG) from their adviser at the first meeting and if a product is discussed, a Product Disclosure Statement (PDS) for each product will be provided if strategies are discussed, and a relevant client fact sheets will also be provided.


Individuals seeking to provide Tier 2 compliant advice on General Insurance products are required to successfully complete the Insurance course as General Advice.

Australian Industry Essentials

Australian Industry Essentials and Fundamentals of Financial Advice must be the first subject completed before any of the specialist knowledge subject(s).

  • Australian Economy
  • Australian Financial Markets
  • Investment Funds
  • Corporations Act
  • Regulatory Environment
  • Licensees and Representatives
  • Ethics

General Insurance Specialist knowledge

Core Area

  • Personal Insurance
  • Understanding Insurance
  • Operation of Insurance Markets
  • General Insurance
  • Advisory Functions
  • Legal Obligations and Compliance
  • Core Insurance Appendix

Specialist Area

  • The General Insurance Industry
  • Risk and General Insurance
  • The Law Relating to G.I. Payments
  • Reading Product Disclosure Statements
  • Personal Insurance
  • Business Insurance
  • Taxation and Client Relationship Issues
  • Function and Regulation of General Insurers
  • The Contractual Relationship
  • General Insurance Claims

Competencies

This course includes nationally recognised units

Tier 2 General Insurance (General Advice)

FNSASIC304 Provide Tier 2 general advice in general insurance

Assessment

This course is assessed via completion of:

  • multiple choice knowledge test (open-book, online) per subject
  • Short answer responses to questions relating to a case study, where you are required to apply the financial advice process.

Our friendly and experienced team will provide support and assessment feedback as you progress through your studies.

FLEXIBLE DELIVERY OPTIONS: NATION-WIDE

Mentor specialises in providing professional education and training services to you anywhere, any-time. We appreciate that learning needs differ for each individual and organisation, which is why we allow you to select the approach that works best for you.

General Advice

Study Online, Workshop or customised In-house Training and start this Monday at 11 am with an Induction Webinar.

Online
  • No hidden costs
  • Self-Paced
  • start anytime
  • Online assessment
  • 1300 phone support

$780.00

ENROL NOW
Download Enrolment Form
and Payment Form

Enrol by 5pm Friday, to access our induction webinar 11am Monday

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TESTIMONIALS

..Mentor Education’s assistance with helping me with both Diploma of Financial Planning and the Adv. Diploma of Financial Planning has been fantastic. I really appreciate their guidance and assistance with helping me obtain my qualifications. Your prompt email responses to my queries are also greatly appreciated..

Linda Pfitzner
Client Service Manager
Leading Australia Bank Financial Planning

..Mentor Education simply makes our lives easier. Their professional problem-solving approach allows us to focus on other parts of the business;
safe in the knowledge that Mentor graduates have what is takes to provide our clients with sound and accurate advice..

Charles Cavallaro
Professional Development Coordinator
Leading Australian Bank

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