Entry Requirements for Life Assurance Product Development
Computer literacy
Duration: 1 Months
Delivery Method: Both Online & Physical
Fee Structure for Life Assurance Product Development
| Full Course Fees | |
|---|---|
| Registration Fee | KES 1,000.00 ($ 10.00) |
| Certification Fee | KES 0.00 ($ 0.00) |
| Administration Fee | KES 0.00 ($ 0.00) |
| Internal Exam Fee | KES 0.00 ($ 0.00) |
| External Exam Fee | KES 0.00 ($ 0.00) |
| Examining Body Membership Fee * | KES 0.00 ($ 0.00) |
| Tuition Fee | KES 14,000.00 ($ 140.00) |
| Fees Totals | KES 15,000.00 ($ 150.00) |
| * Examining Body Membership Fee may be payable through us or directly to the Examining Body | |
All Fees are payable in lumpusm or in installments, for details see below.
Breakdown per semester,
| Trimester | Total Per Trimester |
|---|---|
| Trimester 1 | KES 15,000.00 ($ 150.00) |
| Total | KES 15,000.00 ($ 150.00) |
NB: Fees are payable in 3 installments as detailed below:
The trimester fees of KES 15,000.00 ($ 150.00) is payable in 3 installments of KES 5,000.00 ($ 50.00)
Course Requirements for Life Assurance Product Development
- All Fees are payable in installements, for details check FAQs.
- Digital (downloadable) certificates are available. Printing and shipping of hardcopy certificate can be done at a cost of KES 2,000 ($ 20).
Practical Requirements for Life Assurance Product Development (where applicable)
The cost of practicals, internships or industrial requirements is KES 30,000 ($ 300) and only applies to courses that require practicals.
Course Units/Overview for Life Assurance Product Development
Life Assurance Product Development
| Unit ID | Unit Name |
|---|---|
| LAPD001 | Life Assurance Product Development |
Course Description for Life Assurance Product Development
Course Overview
The Life Assurance Product Development course is a 1-month online program designed to equip learners with practical knowledge and skills in designing, developing, launching, and managing life assurance products that meet evolving customer needs and regulatory requirements. The course explores the complete product development lifecycle, from market research and product design to pricing, distribution, performance evaluation, and continuous product improvement. Learners will gain an understanding of life assurance principles, product innovation, market analysis, customer needs assessment, product pricing, underwriting considerations, actuarial concepts, regulatory compliance, product testing, distribution strategies, and digital transformation in life insurance. The course also examines product portfolio management, customer value proposition, risk management, profitability analysis, and emerging trends shaping the life assurance industry.
Through practical case studies, market simulations, and industry best practices, learners will develop the ability to create competitive life assurance products, evaluate market opportunities, support product innovation, ensure regulatory compliance, and enhance customer satisfaction. The course is suitable for insurance professionals, product development officers, underwriters, actuaries, marketing professionals, business development officers, insurance managers, brokers, financial advisors, and individuals seeking careers in life assurance product management.
What is the minimum grade required to do Life Assurance Product Development?
In order to enroll and study for Life Assurance Product Development, you are required to have basic computer literacy.
Mode of Delivery
The mode of delivery is Online Learning which means that one can study from home and/or the office. Our Program employs a variety of self-instructional electronic and online self-study materials, such as; written self-instructional study modules, online interactive devices, and self-tests, cloud-based content, videos of lectures mediated technical learning materials e.g., audio-visual and e-learning materials.
Career Opportunities
- Life Assurance Product Development Officer
- Product Manager
- Life Insurance Underwriter
- Product Innovation Specialist
- Insurance Business Development Officer
- Actuarial Analyst
- Insurance Marketing Manager
- Product Strategy Officer
- Insurance Operations Manager
- Financial Advisor
- Insurance Consultant
- Life Assurance Manager
Programme Goals
- Build a strong understanding of life assurance products and the product development lifecycle.
- Equip learners with practical skills in designing and developing customer-focused life assurance products.
- Develop competence in market research, product innovation, and customer needs analysis.
- Strengthen knowledge of product pricing, underwriting principles, and actuarial considerations.
- Promote compliance with insurance regulations and industry standards during product development.
- Enhance skills in product testing, product launch, and lifecycle management.
- Improve strategic decision-making in life assurance product portfolio management.
- Support innovation through digital technologies and emerging market trends.
- Foster professionalism, ethical practices, and customer-focused product design.
- Prepare learners for careers in life assurance product development, innovation, and management.
Reasons to Study
- Gain practical skills in designing and developing life assurance products.
- Learn how to identify customer needs and create innovative insurance solutions.
- Develop expertise in product pricing, underwriting, and market analysis.
- Strengthen knowledge of regulatory compliance and product governance.
- Understand the complete lifecycle of life assurance products from concept to launch.
- Enhance skills in product innovation, portfolio management, and performance evaluation.
- Improve career opportunities in life insurance product management and business development.
- Build confidence in creating competitive and customer-focused insurance products.
- Support organizations in driving innovation and sustainable business growth.
- Gain a competitive advantage in the evolving life assurance and financial services industry.
Tags
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Course Instructor(s) for Life Assurance Product Development
TBA
Examining Body for Life Assurance Product Development
FINSTOCK EVARSITY COLLEGE
FAQs for Life Assurance Product Development
Q1. How many intakes are there?
There are three intakes in a year as follows:
|
Cohort |
Name |
Term Period |
Months |
Registration Window |
|
January Intake |
Trimester 1 |
Jan 1 — Apr 30 |
4 |
Anytime |
|
May Intake |
Trimester 2 |
May 1 — Aug 31 |
4 |
Anytime |
|
September Intake |
Trimester 3 |
Sep 1 — Dec 31 |
4 |
Anytime |
Q2. In how many installments can I pay the fees?
Payments can be done in 3 installments as specified in the fee structure.
Q3. When can I sit for the exams?
- Internal exams are activated for students individually.
- External exams (where applicable) are booked one month after you complete the course.
Refer to the external examining body for more details and requirements before seating for their exams.
Q4: Is this college accredited/approved?
Yes. The college is approved under the ministry of education, through TVETA, and also through National Industrial Training Authority (NITA).
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