Entry Requirements for Foundation In Insurance
Duration: 1 Months
Delivery Method: Online
Fee Structure for Foundation In Insurance
| 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 Foundation In Insurance
- 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 Foundation In Insurance (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 Foundation In Insurance
| Unit ID | Unit Name |
|---|---|
| FRBI001 | Foundation In Insurance |
Course Description for Foundation In Insurance
Course overview
The Certificate in Foundation in Insurance Course offered at Finstock Evarsity College is a 1 month online program examined by Finstock Evarsity College. A certificate of completion is issued upon completion of the course.
This is the first introductory course in Insurance. It aims to provide students with the fundamental knowledge of insurance, including the economic theory of insurance, insurance classification scheme, the insurance environment of insurance. The course is designed to equip the trainee with knowledge; skills and attitudes that will enable him/her promote, sell insurance products and provide other insurance services. A graduate of this course will be able to work in either formal or self-employment.
It provides a grounding in basic general insurance principles including the regulatory environment, key disciplines of underwriting and claims, in addition to popular products such as motor, household, healthcare and packaged commercial insurances.
What is the minimum grade required to do a certificate in insurance?
In order to enroll and study in certificate in insurance, a student should have a minimum of C- in their KCSE exams OR a relevant degree, diploma or certificate
Mode of Delivery
Home and/or office-based media employing 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., audiovisual and e-learning materials
On completion of this course, students are expected to:
- Understand the basic functions and the underlining economic and legal principles of Insurance.
- Understand the basic operations of an insurance company and the Insurance industry.
- Understand the basic structure and related issues of a generic.
- Insurance contract, understand the responsibilities and code of conduct of agents and brokers.
- Be aware of insurance classification schemes, insurance-related qualifications and regulations
- Be aware of the information problems of insurance.
- Provision and hence the need for social insurance programs.
- Be able to apply their knowledge on the insurance-related legal principles to simple Cases.
- Understand the important implications of cost-control provisions in an insurance.
- Contract, namely, deductibles, coinsurance, and limits, and other simple insurance Clauses.
Reasons to study this course
- A recognized certificate that will enable one to obtain employment.
- An additional source of income for those already engaged in other trades.
- Increased knowledge and understanding of insurance.
- An opportunity to meet other Kenyans and share experiences.
- Become an insurance professional.
Career opportunities
- Insurance officer
- Insurance broker
- Insurance analyst
- Financial adviser
- apprenticeship
What we offer
Finstock Evarsity College offers a wide range of courses that are geared towards job creation as well as employment. Our courses and product offerings are categorized as online college based, degree programs, freemium courses and premium resources
Both freemium and premium online courses come with certificates of completion and you can register instantly and begin studying at your convenience.
Enroll and study in one of the best online schools in the world. Listen to the advice of the best. Participate in training sessions with industry experts to learn more about your career options. Take classes with students from all over the world. Join us at Finstock Evarsity College for the best learning experience.
Tags
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Examining Body for Foundation In Insurance
FINSTOCK EVARSITY COLLEGE
Course Instructor(s) for Foundation In Insurance
JAMES MBURU KIMANI
THOMAS ADOYO LITEWO
Course FAQs for Foundation In Insurance
1. What is Insurance?
Insurance is an arrangement that provides financial protection against specified risks.
2. Why is Insurance important?
It helps individuals and organisations manage the financial effects of unexpected events.
3. What is an insurance policy?
An insurance policy is a contract that describes the coverage, terms and conditions of insurance.
4. What is an insurance premium?
An insurance premium is the amount paid for insurance coverage.
5. What is an insurance claim?
An insurance claim is a formal request for compensation under an insurance policy.
6. What is risk in Insurance?
Risk in Insurance refers to the possibility of an event causing a financial loss.
7. What are common types of Insurance?
Common types include life, health, motor, property and business insurance.
8. What is underwriting?
Underwriting involves assessing risk to determine whether and under what terms insurance should be provided.
9. Who can benefit from this course?
Students, insurance employees, business owners and interested learners can benefit.
10. What skills can learners develop?
Learners can develop knowledge of insurance principles, policies, claims and risk.
Course Reviews for Foundation In Insurance
Top Rated Reviews
DAVID KAMAU WAIRIMU from Kenya
0 0
I want to express my gratitude to Vivian, My course instructor, for her exceptional dedication in helping me succeed in the course. I especially appreciate her willingness to go above and beyond, even offering support after hours at 11:47 PM. Thank you, Vivian, for your commitment!
ABBAS YUSUF from Kenya
0 0
Its okay
DONALD MAKUNDE from Botswana
0 0
100 % Good
