Life insurance, endowment insurance, annuities, and critical illness insurance are all insurances that are particularly related to human life. Life insurance and endowment life insurance are types of insurance that pay consolation money to the beneficiary after the death of the insured. Annuities are closely related to the life of the insured. Basically for most of the annuity plans, the longer the life of the insured, the more yearly income the insured will receive. Critical illness insurance means that if the insured suffers from certain specified diseases or it is necessary to perform specified medical procedures, the insurance company will compensate for a sum of money for medical treatment or any purpose the insured wants to achieve. According to Hong Kong’s “Insurance Ordinance”, there are 9 types of protection for long-term business, including life and annuity, linked long term, permanent health, etc. Therefore, if you want to sell life insurance, endowment life insurance, annuities, and critical illness insurance, you must meet the conditions for selling general insurance.
What exams do you need to take to sell long-term insurance
Selling long-term business and selling general insurance policies require participation in different exams. One of the requirements to sell long-term insurance is to take the Insurance Intermediaries Qualifying Examination (IIQE) Paper 1 and Paper 3. For IIQE exemption, please refer to Exemption from Insurance Intermediary Qualifying Examination (IIQE)
The content of IIQE Paper 1 is relatively broad, including some basic definitions of the insurance industry, the functions and benefits of insurance, related legal principles and applications, insurance principles, the main functions of insurance companies, the structure and supervision of the insurance industry, and the professions of the insurance industry’s moral. Generally speaking, Paper 1 needs a lot of recitation.
The content of IIQE Paper 3 is relatively short and in-depth. The content includes basic knowledge and concepts of life insurance, introduction to the types of life insurance and annuities, introduction to insurance benefit rider and other products, a brief introduction to the concept of life insurance policy provisions, and procedures from insuring to underwriting to issuance of insurance policies to claims settlement.
How should I review the exam?
The pass rate of IIQE has always been a big worry for many candidates. The official has no mechanism to require PEAK to disclose the pass rate, and the pass rate published last time is also appalling. Here I can recommend a review method for everyone:
- First study the material study manual / 2CExam Youtube instructional video by each chapter (instructional video provided in Cantonese)
IIQE Paper 1 Playlist
https://www.youtube.com/playlist?list=PLilKLKW6-ssgwIUeOjeCYOISXctmuOo5M
IIQE Paper 3 Playlist
https://www.youtube.com/playlist?list=PLilKLKW6-ssiuqr7zQdSqS-KHLDbLe7_L
- Complete one chapter of the 2CExam mock test
This review method takes 20-25 hours, and statistically has a pass rate of 80%.
No statistics are available for other review methods.
2CExam is a company that specializes in training candidates to take the securities, insurance and real estate exams. Regarding IIQE, 2CExam has produced free Cantonese video teaching Paper 1, 2, 3, which is publicly released on major well-known video sharing websites at no additional charge. If students have difficulty understanding the content of the study manual when taking the HKSI paper 1, 2, 3, they can choose to watch the other instructional videos. If you want to purchase review materials to better understand the content of the exam, you can visit www.2cexam.com (physical product) or www.hksiiiqepasspaper.online (online version)
How can we help?
2CExam provides HKSI LE, IIQE, EAQE and SQE related exam preparation materials. We sell mock question banks for IIQE Papers 1, 2, 3, 5 and MPFE in Chinese and English; and bibles for IIQE Papers 1, 2, 3, MPFE in Chinese. We also offer 1 on 1 tutorial services. Besides, we have also made free tutorial videos for IIQE Papers 1, 2, 3 and MPFE and posted on public channels such as Youtube/ Bilibili/ Tencent/ Iqiyi. 2CExam has been an exam training expert for years. Should you need any help please visit www.2cexam.com or contact us through:
Phone +852 2110 9644 Email: [email protected] Wechat: hk2cexam WhatsApp: +852 9347 2064
Please support us by leaving comments and likes if you think this article helps you!
You can scan or click on the QR codes to visit our social media.
Latest Article
Categories
過往文章
Contact US
-
Phone:
+852 2110 9644
-
Email:
-
WhatsApp
+852 9347 2064
-
WeChat
hk2cexam
Interesting Articles
How to check the results of HKSI Paper?
How to check the results of HKSI LE Paper? How to check the results of HKSI LE paper? There are two situations for this. The first one is that if you take the exam in Hong Kong, most of them are computer-based exams, and you will know your results immediately after you finish the exam.…
What exam should I take if I want to be a sponsor?
In Hong Kong, unless an individual or company is exempted, If they wish to conduct the ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the Securities and Futures Commission. Type 1: Dealing in securities Type 2: Dealing in future contracts Type 3: Leveraged…
What exam should I take if I want to help customers buy and sell futures and options?
In Hong Kong, unless an individual or company is exempted, if they wish to conduct the ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the Securities and Futures Commission. Type 1 Dealing in securities Type 2 Dealing in futures contracts Type 3 Leveraged foreign…
What exam should I take if I want to help clients buy and sell Hong Kong stocks, US stocks, and bonds?
In Hong Kong, unless an individual or company is exempted, if they wish to conduct ten “regulated activities” defined by the Securities and Futures Ordinance, they need to apply for a license/registration with the SFC. Type 1 Dealing in securities Type 2 Dealing in futures contracts Type 3 Leveraged foreign exchange trading Type…
What exam should I take if I want to sell group insurance, accident insurance and disability insurance with death compensation?
Are group insurance, accident insurance and disability insurance with death compensation general insurance policies or long-term policies? In fact, there is no absolute answer, because an insurance policy with both accident/disability compensation and life insurance components can be general policies or long-term policies, depending on the plan. As in death compensation accident insurance: It…
What exam should I take if I want to sell accident insurance, domestic helper insurance, and medical insurance?
Accident insurance, domestic helper insurance, and medical insurance are all medical-related insurances that are purchased in order to avoid burdening huge (medical) expenses. According to Hong Kong’s “Insurance Ordinance”, general business protection covers 17 categories, including accidents, sickness, and general legal liability. Therefore, if you want to sell accident insurance, domestic helper insurance, and medical…
What exam should I take if I want to sell engineering insurance and liability insurance?
Engineering insurance and liability insurance are insurances designed to avoid huge financial burdens caused by huge losses. Part of the engineering insurance will protect the legal liabilities of causing the third party to be injured or have property losses; while the liability insurance is to compensate for the liabilities derived from causing injuries or losses…
What exam should I take if I want to sell car insurance, water damage insurance, home insurance, property insurance, and marine cargo insurance?
Car insurance, water damage insurance, home insurance, property insurance, and marine cargo insurance are all property insurances that are purchased to cover losses caused by accidents. According to Hong Kong’s “Insurance Ordinance”, general business insurance covers 17 major categories, including land vehicles, ships, fires and natural forces, damage to property, etc. Therefore, if you want…
What is the Use for IIQE Certificates?
Is there any difference between notification of results and a certificate? Do I need to submit both at the same time when I apply for a license? The IIQE notification of results and certificate are two different kinds of proof. The Vocational Training Council (VTC) Institute of Professional Education and Knowledge (PEAK) is responsible…
What is the Use of an HKSI Notification of Result and Certificate? Do I Need to Submit Both for SFC/HKMA License Application?
HKSI’s notification of results and HKSI certificate are two different kinds of proof. The Hong Kong Securities and Investment Institute is responsible for organizing examinations and issuing certificates. Therefore, the notification of results and certificates are issued by HKSI. However, passing the HKSI LE exam and being issued a certificate is not necessarily related. Anyone…