NAMLIFA, through its training arm Financial & Life Practitioners Council (FLPC), has held its graduation ceremony for advisers who successfully completed their professional development and designation programmes.
The FLPC 6th Graduation Ceremony 2019 was graced by Ms Choong Mei Kuen, Deputy Director of Consumer and Market Conduct Department, Bank Negara Malaysia, last month.
Twenty-six advisers graduated with the professional designation Chartered Investment and Financial Practitioner (ChIFP). The programme is designed for members who are involved in giving investment advice to their client, those who want to have a deeper appreciation of the various topics of investment and finance or those who are studying for the Securities Commission licensing modules.
They had completed four modules that consist of:
1. Valuation of Securities and Fundamental Analysis
2. Portfolio and Fund Management
3. Managerial Finance and Investment Planning and
4. Regulatory Controls on Investment Advisors.
Amongst the requirements to graduate, students had to attend at least 53 hours of lecture with real-life case studies incorporated in the programme.
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Eighty-four advisers also graduated as Fellow Certified Life Practitioner (FCLP). They had met the requirements for the following four modules:
1. Personal Insurance: Principles & Marketing
2. Business Insurance: Principles & Marketing
3. Associated Legal Principles in Life Insurance
4. Business Insurance: Risk & Continuation Planning.
FLPC 6th Graduation Ceremony 2019 - Group Photo (Credit: NAMLIFA)
In addition, the ceremony also marked 171 who completed Personal Insurance: Principles and Marketing (CPIP) and Business Insurance: Principles and Marketing (CLPM).
NAMLIFA said to Asia Advisers Network, “As Bank Negara Malaysia intends to professionalise the life insurance industry further, NAMLIFA is playing an active role in promoting professionalism among Malaysian Life Insurance & Family Takaful agents.”
The FLPC Board of NAMLIFA has set an objective to develop around 500 FCLP graduates every year, helping them to grow professionally and productively. The curriculum is approved by the Finance Accreditation Agency.
“Our ultimate goal is to have 20,000 graduates by the year 2030. They, in turn, should be able to capture 50% to 60% of the market share of the insured population. Education provides a clear direction of understanding the human life value, taking into consideration various factors including inflation and expenses ratio in determining adequate solutions to one's financial requirement,” said NAMLIFA.
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