Qualification Outline
22/07/2026 8:57 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Diploma of Life Insurance
Diploma of Life Insurance
FNS51315
AWB9
Deleted
Deleted
National Endorsed, State Implementation and Classification
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 5.00 | 09/07/2021 | Current | Approved |
| 4.00 | 12/02/2021 | Replaced | Approved |
| 3.00 | 13/02/2018 | Replaced | Approved |
| 2.00 | 22/04/2015 | Replaced | Approved |
| 1.00 | 25/03/2015 | Replaced | Approved |
Description
This qualification is designed to reflect team leadership, supervisory and advanced technical roles in life insurance in a range of organisations. Individuals in these roles have autonomy in performing technical operations, apply solutions to a range of often complex problems, and research, analyse and evaluate information from a variety of sources. They apply initiative to plan, coordinate and evaluate their own work and provide guidance to others.
Licensing/Regulatory Information
Work functions in the occupational areas where this qualification may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Schedule
Packaging Rules
Total number of units = twelve (12)- one (1) core units plus
- eleven (11) elective units
The elective units consist of:
- nine (9) from the electives below.
Of the remaining two (2) units:
- up to two (2) may be from the electives
- up to two (2) may be from Certificate IV, Diploma or Advanced Diploma any currently endorsed training package or accredited course.
The elective units chosen must be relevant to the work outcome and meet local industry needs.
1. Core Unit
The following unit must be completed.
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| AUW99 | FNSILF403 | Develop and maintain in-depth knowledge of products and services used by the life insurance sector | 50 | Unit of competency |
2. Elelctive Units
At least nine (9) units must be chosen from the elective units listed.
Please refer to the packaging rules for the full details of available options.
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| D776 | FNS51312 | Diploma of Life Insurance | Qualification |
No information
Entry Requirements
Nil.
Traineeships and Apprenticeships