On course for success

Licensing

Qualifying Examination for Insurance / Takaful Agents (QEFITA)

Programme Overview

Qualifying Examination For Insurance/Takaful Agents (QEFITA) is a Licensing Programme organised by CIBFM with the support and guidance of Autoriti Monetari Brunei Darussalam (AMBD) and the Brunei Insurance Takaful Association (BITA). A programme covers the theoretical study of insurance and takaful as well as the legal and regulatory requirements of Brunei Darussalam and ends with a two-hour examination.

Programme Objectives

  • Understand the nature of Insurance/Takaful
  • Understand the importance of Insurance/Takaful in the economy and the role of insurance/Takaful in assets

Programme Outline

Chapter 1: Who Should Attend
Chapter 2: Risk and Principles of Insurance
Chapter 3: Risk and Principles of Insurance
Chapter 4: Characteristics of General Insurance Products
Chapter 5: Classes of General Insurance Business and General Takaful Business
Chapter 6: Insurance Marketing and After-Sales Services
Chapter 7: Consumer Protection and Statutory Regulation
Chapter 8: Law of Agency
Chapter 9: Insurance Contract
Chapter 10: Insurance Documents
Chapter 11: Practice General Insurance Risk Assessment, Underwriting and rating
Chapter 12: Practice of General Insurance Claim
Chapter 13: Practice of General Insurance Policy Forms

Who Should Attend

QEFITA is a compulsory entry requirement for all those who intend to be registered as general Insurance/Takaful agents with BITA and those who intend to pursue a career in the Insurance/Takaful Industry.

Your Investment

Training + Exam Fee 

Stakeholder*: BND $ 230.00
Non-Stakeholder: BND $ 270.00

Exam Fee only

Stakeholder*: BND $ 150.00
Non-Stakeholder: BND $ 150.00

*Stakeholders are participants from MOFE, AMBD and all domestic banks in Brunei Darussalam.

Download Brochure here

The Financial Planning Practitioners’ Programme (FPPP)

Programme Overview

The Financial Planning Practitioners’ Programme (FPPP) was formulated specifically to address the licensing requirement for financial planners with the guidance and support of AMBD as well as TAP, to cover the minimum knowledge and skills expected of a competent financial planner. The workshop consists of two parts; theory and skills which will be followed by assessments to ensure the financial planners demonstrate the necessary knowledge and skills required to serve the public effectively.

AMBD has appointed CIBFM to be the official Licensing Programme for the purposes of the licensing requirements under the Securities Markets Order, 2013.

Programme Objectives

  • Demonstrate profound knowledge and understanding of financial planning.
  • Various financial ratios used for Financial Planning.
  • Cash management and budgeting, time value of money, investment planning, risk management, insurance planning and estate planning.
  • Establish financial goals and provide solutions and recommendations.

Examinations

  • Two (2) hours examination consisting 100 multiple choices questions.
  • The passing marks for the exam is 65%.

Skills Assessment and Knowledge Application

  • To assess readiness of candidate to conduct financial planning for clients.
  • There are (2) two parts of assessment: Solution Design and Skill Assessment

Programme Schedule

Date Programme
5 - 8 July Theory
12 July Two (2) hours Exam
13 - 16 July Phase 2: Skills Training
21 - 22 July Skills Assessment

Your Investment

Stakeholder*: BND $ 2105.00
Non-Stakeholder: BND $ 2750.00

Download Brochure here

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