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PDI - Insurance Principle and Practice

Institute of Professional Education And Knowledge (PEAK)
Institute of Professional Education And Knowledge (PEAK)
Latest Courses / Seminars Continuing Education Fund
Overview
Programme Code
791I2
Subject Area
Insurance
Programme Type
Module Certificate
Offering Institution
Institute of Professional Education And Knowledge (PEAK)
Contact Hours
30
Programme Class
Please contact 2836 1922 | Institute of Professional Education And Knowledge (PEAK) for the details of class commencement date

Learning Outcomes

On completion of the module, students are expected to be able to:

  • assess different types of risks and nature of insurable risks in given situations with consideration of the insurance mechanism;
  • define and analyze the scope and the main concepts of risk management under different business activities; and the legal and regulatory environment of the insurance market including intermediaries;
  • apply insurance market principles and practice independently to handle various start-to-end procedures including underwriting and claims according to the needs of different clients and companies; and
  • apply the principles of insurance law in the interpretation of insurance contracts such as insurable interest, utmost good faith, proximate cause and indemnity under different factors of consideration.

​

Learning Contents

 

  1. Introduction to insurance
  • Meaning of insurance
  • Nature of risks
  • Functions of insurance

 

  1.  Major classes of insurance
  • Marine insurance
  • Life insurance
  • Property insurance
  • Accident & casualty insurance
  • Motor insurance

 

  1. The insurance market
  • The insurance market
  • Insurers
  • Brokers and agents
  • Lloyd's

 

  1. Basic principles of insurance law
  • Insurable interest
  • Utmost good faith
  • Indemnity
  • Subrogation
  • Contribution
  • Proximate cause

 

  1. Insurance in practice
  • Insurance in practice
  • Physical and moral hazard
  • Underwriting
  • Claims and disputes
  • Average
  • Reinsurance
  • Co-insurance

 

  1. Risk management
  • Risk management concept and objectives
  • Risk management process

 

Entry Requirements:

  • Five HKDSE subjects at Level 2 or above, including English and Chinese Languages with 2 or more years relevant full-time work experience; or 
  • Five HKCEE subjects at Grade E/Level 2 or above, including English* and Chinese Languages with 3 or more years relevant full-time work experience; or 
  • Completion of a QF Level 3 programme that is deemed acceptable to the respective Programme Committee; or 
  • Relevant Recognition of Prior Learning (RPL) qualification(s) at QF Level 3 or above AND a pass in an admission interview; or 
  • Other relevant verifiable prior learning and/or work experience that is/are deemed appropriate by respective Programme Committee AND a pass in an admission interview.
 
[* Applicants who took HKCEE English Language in 2006 or before should have attained Grade E or above (Syllabus B) / Grade C or above (Syllabus A)] 
 
 
[Entry requirements for mature applicants are: Aged 23 years old or above with at least 2 years of relevant full-time work experience subject to a satisfactory admission interview.]
 
CEF Course Code

33Z139298

CEF Course Name

Insurance Principle and Practice (Module from Professional Diploma in Insurance)

Remarks

Continuing Education Fund

The modules of “Professional Diploma in Insurance” (PDI) have been included in the list of reimbursable courses for Continuing Education Fund (CEF) purposes (https://www.wfsfaa.gov.hk/cef). The mother course “Professional Diploma in Insurance” of the modules is recognised under the Qualifications Framework (QF Level 4).

For the modules commenced on or before 31 March 2022 (the 1st module should be commenced on or before the date), CEF claimants would be eligible for fee reimbursement upon their successful completion of any 4 modules selected from PDI (CEF Course Code: 33F11053A), with the fulfilment of both the minimum attendance requirement of 70% AND passing each of the 4 modules at 50% or above.

For the modules commenced on or after 16 August 2022, CEF claimants would be eligible for fee reimbursement upon their successful completion of any one module selected from PDI with the following CEF course codes, with the fulfilment of both the minimum attendance requirement of 70% AND passing the module at 50% or above.

CEF course code

(for the modules commenced after 16 August 2022)

CEF Course Title in English

(for the modules commenced after 16 August 2022)

 

33Z139298

Insurance Principle and Practice (Module from Professional Diploma in Insurance)

 

Enrollment

Please use the specified enrollment form and follow the “Notes to Applicants” in the form to apply for programmes.
Applicants should show the Hong Kong Identity (HKID) Card / Passport / Travel Document / or valid study visa issued by the Immigration Department of the Hong Kong Special Administrative Region (HKSAR) for enrollment.
Individual programmes may have specific admission requirements. Applicants should refer to the admission requirements of the individual programmes.
All places are allocated on a first-come-first-served basis. Incomplete forms and forms received without payment will not be processed.

Deadline for Application
The deadline for application is 7 working days## prior to the class commencement date (The enrollment deadline might be subject to change depending on the enrollment status).

Notification of Class Commencement
Successful applicants will be notified of the class information by the contact method specified on the enrollment form at least 3 working days## before class commencement. PEAK will not be responsible for the loss of class notification sent by mail. Please contact us at 2836 1906 if you do not receive the notification before the class commencement.

Programme Fees / Receipt
For a programme commencing within 7 working days## at the time of enrollment, students are required to settle the programme fee by cash.
Programme fees paid are non-refundable, except for cases of unsuccessful applications and programme cancellation or rescheduling. Fees paid and places enrolled are also not transferable, and request for programme swapping will not be entertained.
Students will collect and sign to acknowledge collection of the receipts at the first lesson. Fees paid after the enrollment deadline may result in delay in receipt issuing. For those who have not collected the receipts during the first lesson, our staff will contact them for the receipt collection arrangement. If students choose to collect the receipt by mail, PEAK will not be responsible for any loss in mailing. Students will be required to pay an administrative charge of HK$100 for their requests for each additional receipt copy. Please send crossed cheque payable to “Vocational Training Council” with a written application to “The Programme Team” of the Institute. For enquiry, please contact us at 2836 1862.

## Working days (exclusive of Saturdays and Sundays)
 

Mr. John Tsang (Programme Director)
Tel: 2836 1863
Email: johntsang@vtc.edu.hk

 

Mr. Arvin Lau (Programme Secretary)
Tel: 2919 1429
Email: arvinlau@vtc.edu.hk

Fax: 2891 5707

Online Email Enquiry


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Please contact our programme leader Mr. Jacky Wong

Email: jackywong@vtc.edu.hk

Tel: 2708-6401

 

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