If you want to work in the front line of the insurance industry, you have a good chance of needing to take the Insurance Intermediaries Qualifying Examination (IIQE). As for what exam papers you need to take, first you can check whether you meet certain conditions to be exempted from specific exam paper combinations of IIQE. For IIQE exemption, please refer to Exemption from Insurance Intermediary Qualification Examination (IIQE)
Will the exam papers for insurance agents and insurance brokers be different?
If you want to know the difference between the two, please refer to What is the difference between an insurance agent and an insurance broker?
The combination of exam papers for insurance agents and insurance brokers are the same. In other words, if you want to change from an insurance agent to a broker, as long as the license has not expired, you do not need to retake any exams, and vice versa.
What exam papers do I need to take if I want to sell general insurance?
If you want to sell some general business insurance policies, such as car insurance, personal accident and sickness insurance, fire insurance, money insurance, director and senior officer liability insurance, product liability insurance, public liability insurance, marine insurance, etc., you need to take the IIQE paper 1 Principles and Practices of Insurance and paper 2 General Insurance.
What exam papers do I need to take if I want to sell long-term insurance?
If you want to sell long-term business insurance policies, such as savings life insurance, term life insurance, universal life insurance, whole life insurance, annuities and other life-related policies, you need to take the IIQE paper 1 Insurance – Principles and Practices and Paper 3- Long Term Insurance.
What exam paper do I need to take if I want to sell investment-linked long-term insurance?
To sell long-term insurance policies that are directly related to investment products, not only do you need to partake in paper 1 and paper 3 exams, but you also need to partake in IIQE paper 5-investment-linked long-term insurance exam. If one did not partake in paper 5 exam, but only partake in paper 1 and 3 exams, one cannot sell investment-linked insurance policies.
What exam paper do I need to take if I want to sell travel insurance?
If you work in a travel agency and only need to sell travel insurance without considering selling other types of insurance, you can choose to take the IIQE Paper 6 – Travel Insurance Agent exam. However if you also want to consider the practicality of the exam, you can also take IIQE Paper 1 and Paper 2 instead to learn about other general insurance knowledge.
What exam paper should I take if I want to sell MPF?
The MPF examination paper was formerly called IIQE Paper 4, but it has now been separated from the Insurance Intermediary Qualifying Examination and has been renamed the Mandatory Provident Fund Schemes Examination (MPFE). However, if you want to obtain a license to become an MPF intermediary, you must first meet any of the following combination conditions that is indicated vertically in the table below.
Therefore, it is necessary to partake in more than one exam if you wish to sell MPF.
All in all, if you want to become an insurance intermediary and you do not have any professional qualifications or industry experience, you generally need to take more than one exam paper.
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.
Students who have taken/ who are going to take the IIQE should know the study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions should be…
Why can’t you learn the practise questions by rote when studying for the HKSI Licensing Examination (LE)?
Students who have taken/ who are going to take the HKSI LE should know the HKSI study note is a several-hundred pages, paragraph form booklet illustrating the exam coverage. Not to mention the length of the text, the expression of concepts requires readers’ intense concentration. So some candidates think that doing only the practise questions…
The IIQE exam should be registered at PEAK instead of the Insurance Regulatory Bureau. The IIQE exam places are quite sought-after. If students have an urgent need to take the exam, students should decide to register as soon as possible. The test period will be issued on a day between the 12th to 17th of…
The HKSI LE exam must be registered at HKSI, but not the SFC. There are two methods for registration. The most popular one is online registration, followed by in-person registration. How to register for HKSI exam Register online: 1. To register for the exam, you must first register as a member of HKSI 2. Click…
Losing Friends and Family Is Inevitable Once Joined the Insurance Industry? 10 Benefits of Working in The Insurance Industry That Can Overturn Your Stereotypes
Must people in the insurance industry lose their friends and family? NO! It is not that you won’t have friends when you join the insurance industry. In fact, it depends on whether you use the correct method to sell. When you only care about commissions and don’t care about the needs of your customers, selling…
After passing the IIQE (Insurance Intermediary Qualifying Examination) in Hong Kong, students can start looking for jobs. What job options are there? Bank Relationship Manager (RM) / General Banking Officer (GBO) / Personal Banking Officer / Assistant Relationship Manager (ARM) Some sales positions in the bank, including Relationship Manager (RM) and their assistant – Assistant…
First, I would like to clarify that some people do not take the HKSI Licensing Examination (also known as LE exam) to find a job, but just to learn more about the financial/ securities market and equip themselves with the necessary knowledge in a compact and more organised way. This article will not cover information…
Is there an insufficient supply of positions in the securities industry? There are contradictory opinions on the internet. Some say that the financial industry is in demand for talents; others say that the financial industry has burst, and there are too many monks with only a little porridge. From my experience in the recruitment industry…
Is the Securities, Insurance or Real Estate Industry Better? Comparing Incomes amongst Finance Industries
Securities and Banking According to statistics on the Internet and our experience, in Hong Kong, even for some common junior or middle-level positions in the financial/ securities industry, such as risk analyst, research analyst, and compliance officer, the average base salary is between HK$20,000 and 30,000 per month. Many people who have sufficient work experience…
What is updated in 2022 in IIQE Paper 1 Insurance Exam Study Manual? Is the 2017 or older version sufficient for the upcoming exams?
The 2021 version of IIQE Paper 1 was officially applicable to exams in 2022 Insurance Authority has taken over the supervision of the insurance industry for more than two years. The IIQE Paper 1 (Insurance Intermediary Qualification Examination) finally put the new regulatory structure in the study manual, and the new study manual can be…