IFMP Life Insurance Agents Certification (LIAC), Pakistan case studies
IFMP Life Insurance Agents Certification (LIAC), Pakistan · Put your knowledge to work in context.
The Life Insurance Agent's Course (LIAC) is one of the Insurance Certifications listed by the Institute of Financial Markets of Pakistan (IFMP), Pakistan's first securities market institute, which describes itself as a permanent platform for developing human capital and professional standards in the country's financial markets. IFMP states that it conducts licensing examinations leading to certifications for different segments of financial markets, and the LIAC sits within its insurance group alongside the Non-Life Insurance Agent's Course, Authorized Surveying Officers, Bancassurance Certification, BancataKaf ul Certification, Family Takaful Agents Certification and General Takaful Certification. The IFMP Life Insurance Agents Certification (LIAC), Pakistan case studies are 5 cases and about 3,797 words.
1Replacing a Nine-Year Endowment Policy at Surrender
Kamran, aged 47, is married with two school-going children and earns Rs 250,000 a month. Nine years ago he bought a 12-year participating endowment policy with a sum assured of Rs 1.5 million and an annual premium of Rs 95,000.
818 words, about 4 min2Cash Premium, Delayed Deposit and a Lapsed Death Claim
Agent Bilal collects Rs 120,000 in cash from Mr. Raza for the annual premium on a 20-year endowment policy.
795 words, about 4 min3Ticking No on a Medical Question to Avoid Loading
Agent Sana completes an application for Mr. Farhan, aged 38, for a Rs 5 million term policy with an annual premium of Rs 65,000.
759 words, about 4 min4Cash-Back and Gift Inducements in a Competitive Sale
Agent Nida is competing for a proposal from Dr. Ahmed: a Rs 300,000 annual premium education plan for their two children.
714 words, about 4 min5Moving Agencies, Client Lists and a Claim in Progress
Tariq resigns from Insurer X and joins Insurer Y as a life insurance agent. He has kept a personal notebook containing 180 client names, phone numbers, policy numbers, premium amounts, medical histories and family details.
711 words, about 4 min