PCEIA study plan

Define risk, peril, hazard and distinguish pure from speculative risk using your own examples

Explain indemnity, insurable interest, utmost good faith, contribution and subrogation and state which apply to life versus general insurance

Compare risk avoidance, retention, transfer and reduction, and identify which insurance mechanism each describes

Map the insurance value chain from product design through claims and describe where underwriting and actuarial work sit

Outline the main life product families (term, whole life, endowment, investment-linked, annuities) and state the core promise of each

Distinguish participating from non-participating policies and explain how bonuses or dividends arise

Identify standard policy features: free-look, grace period, reinstatement, surrender value, policy loan, incontestability

Explain how premium, sum assured, age, health and term interact to set a life premium

Classify general insurance lines (fire/property, motor, marine, liability, personal accident, health, travel) by what loss each covers

Explain sum insured, average clause, excess, deductible, no-claim discount and depreciation in property claims

Describe motor policy structure including third-party liability versus comprehensive cover and named-driver issues

Distinguish indemnity-based general policies from benefit-based personal accident cover

List the elements of a valid insurance contract and explain offer, acceptance, consideration and legal capacity in a policy context

Explain the legal effect of misrepresentation, non-disclosure and breach of warranty, and distinguish void, voidable and unenforceable policies

Identify the documents in a policy pack (proposal form, schedule, wording, certificate, endorsement) and state the role of each

Explain how endorsements, exclusions and conditions change cover, and how a claims-made clause differs from an occurrence clause

Trace the underwriting decision path from proposal to acceptance, loading, exclusion or decline, and state what information underwriters rely on

Sequence the claim notification, documentation, assessment, settlement and dispute steps for both life and general claims

Summarise policy servicing events: premium collection, lapse, reinstatement, beneficiary or nomination change, assignment and surrender

Outline the regulator's core requirements on licensing, capital, market conduct, disclosure and complaints handling for intermediaries

Apply the industry code of conduct to scenarios involving advice suitability, disclosure of remuneration, conflicts of interest and client confidentiality

Explain the financial planning process from fact-find through needs analysis, recommendation, implementation and review

Compute a simple protection need using income replacement and outstanding liabilities, and compare it with existing cover

Identify the ethical failure in given case facts and state the conduct rule breached

Re-derive the key product and principle distinctions without notes and correct any gaps you find

Work through mixed calculation problems on premiums, claim payouts and protection needs under timed conditions

Rewrite your weakest summary sheet from weeks 1 to 3 in sharper, exam-ready language

Complete a timed practice set across the product domains and log every wrong answer with its cause

Review the error log and close every gap in contract law, claims and regulation

Recite the code of conduct duties and the claims and underwriting sequences from memory

Sit a full-length timed mock covering all seven domains and score it by domain

Finalise a one-page pre-exam sheet of formulas, definitions and conduct rules for last-day review