What exam should I take if I want to sell group insurance, accident insurance and disability insurance with death compensation?

May 25, 2021

    

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 can be an accident insurance (general insurance policy) plus a death compensation rider, or a life insurance policy (long-term insurance) plus accidental death additional compensation rider.

 

What exam do I need to take to sell general insurance?

 

Selling general insurance and selling long-term business insurance policies require participation in different exams. One of the requirements for selling general insurance is to take the Insurance Intermediaries Qualifying Examination (IIQE) Paper 1, Paper 2 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 2 is relatively short and in-depth. The content includes an introduction to various general insurance products, underwriting, insurance policies and other documents and renewal instructions, claims-related and customer service-related requirements.

 

The content of IIQE Paper 3 is also 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 riders and other products, a brief introduction to the concept of life insurance policy provisions, and procedures from selling the policies through underwriting to issuance of insurance policies and then 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:

 

  1. 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 2 Playlist

https://www.youtube.com/playlist?list=PLilKLKW6-ssjODlao-y8iYkY_oRJRwgbk

 

IIQE Paper 3 Playlist

https://www.youtube.com/playlist?list=PLilKLKW6-ssiuqr7zQdSqS-KHLDbLe7_L

 

  1. 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

Interesting Articles

What is an IIQE license?

May 11, 2021

How to register for the exam? How to prepare? Isn’t the IIQE test score a license?! Obtaining a passing score in the IIQE (Insurance Intermediaries Qualifying Examination) held by the Institute of Professional Education and Knowledge (VTC PEAK) is one of the requirements for applying for an insurance practitioner license. Since PEAK is a statutory…

What is the HKSI license?

May 11, 2021

How to register for the exam? How to prepare? What?! The HKSI exam result is not a license? HKSI, Hong Kong Securities and Investment Institute’s designated LE’s (Licensing Examination, Qualifying Examination) passing result is one of the competency requirements for applying for a license to become a representative and/or responsible officer. However, HKSI is a…

What exactly is a Hong Kong securities license?

May 11, 2021

Is it an HKSI license or an SFC license or an HKMA license? What is the 178 license?  We often hear people mention the 178 license, what does that mean exactly? In fact “178 license” is a common misnomer. 178 does not refer to a license, but a combination of exam papers that need to…

Insurance Intermediary Qualification Examination (IIQE) Exemptions

May 4, 2021

Type A & B of exempted applicants According to Insurance Authority’s Insurance Intermediaries Quality Assurance Scheme (IIQAS), There are 5 types (A, B, C, D, E) of individuals who could be exempted from the IIQE requirement. Type A individuals could be exempted from IIQE Paper 1 (Principles and Practice of Insurance), IIQE Paper 2 (General…

What Is the Difference Between SFC License And HKMA License?

May 4, 2021

Which license should a bank employee apply for? Will it be supervised by the SFC or HKMA? What is a SFC license? The full name of SFC is the Securities and Futures Commission, and it is the statutory regulator of the securities industry in Hong Kong. The Securities and Futures Commission was established in accordance…

What is the validity period of the HKSI LE Hong Kong Securities Examination results?

May 4, 2021

If you ever asked the questions above, then this article is specially written for you! In order to better comprehend the specification of HKSI’s licensing details, we must first clarify the relationship between the various institutions. HKSI is the abbreviation for Hong Kong Securities and Investment Institute. If you ever considered obtaining license(s) for securities-related…

HKSI LE Exemption

May 4, 2021

Let’s talk about Exemptions: Hong Kong Securities and Investment Institute (HKSI) Licensing Examination Paper 7,8,9,11,12 – Common Misunderstandings we all have when it comes to comprehending the Hong Kong Securities and Investment Institute’s (HKSI) exemption methods and requirements.  Able to Have Exemptions from HKSI Examination Papers 7 to 12 By fulfilling any of the following…

What exactly is a Hong Kong securities license?

May 4, 2021

What is the 178 license?  We often hear people mention the 178 license, what does that mean exactly? In fact “178 license” is perhaps a common misnomer. 178 does not refer to a license, but a combination of exam papers that need to be taken; that is, a combination of three exam papers, paper 1,…

What is the validity period of the EAQE/SQE exam?

April 28, 2021

As a city with a dense population, Hong Kong’s property prices continue to be extremely lucrative. With each buying and selling transaction involves several million, being a real estate agent is a way for many people to make a fortune. Imagine how selling only one deal monthly can already enable you to have a comfortable…

What is the validity period of IIQE test results?

April 28, 2021

“If you have money, buy insurance, if you don’t have money, you can sell insurance.” I wonder if you have heard of this saying. Many people rely on insurance to support themselves and their families. Before entering the industry to sell insurance, you need to take at least 2 Insurance Intermediaries Qualifying Examination (IIQE) exam…