SAQA All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.
SOUTH AFRICAN QUALIFICATIONS AUTHORITY 
REGISTERED UNIT STANDARD: 

Apply knowledge and understanding of personal accident insurance 
SAQA US ID UNIT STANDARD TITLE
120022  Apply knowledge and understanding of personal accident insurance 
ORIGINATOR
SGB Insurance and Investment 
PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY
-  
FIELD SUBFIELD
Field 03 - Business, Commerce and Management Studies Finance, Economics and Accounting 
ABET BAND UNIT STANDARD TYPE PRE-2009 NQF LEVEL NQF LEVEL CREDITS
Undefined  Regular  Level 4  NQF Level 04 
REGISTRATION STATUS REGISTRATION START DATE REGISTRATION END DATE SAQA DECISION NUMBER
Reregistered  2018-07-01  2023-06-30  SAQA 06120/18 
LAST DATE FOR ENROLMENT LAST DATE FOR ACHIEVEMENT
2024-06-30   2027-06-30  

In all of the tables in this document, both the pre-2009 NQF Level and the NQF Level is shown. In the text (purpose statements, qualification rules, etc), any references to NQF Levels are to the pre-2009 levels unless specifically stated otherwise.  

This unit standard replaces: 
US ID Unit Standard Title Pre-2009 NQF Level NQF Level Credits Replacement Status
10371  Demonstrate knowledge and understanding of personal accident insurance  Level 4  NQF Level 04  Complete 

PURPOSE OF THE UNIT STANDARD 
This Unit Standard is intended for learners who wish to follow a career path in Short Term personal domestic insurance and retail insurance.

The qualifying learner is capable of:
  • Explaining personal accident insurance.
  • Differentiating between the categories of personal accident insurance.
  • Applying underwriting criteria to a personal accident insurance policy.
  • Demonstrating insight into other aspects that impact on personal accident insurance. 

  • LEARNING ASSUMED TO BE IN PLACE AND RECOGNITION OF PRIOR LEARNING 
    Learners should be competent in Communication and Mathematical Literacy at NQF Level 3. 

    UNIT STANDARD RANGE 
    The typical scope of this Unit Standard is:
  • Categories of personal accident insurance are group personal accident, personal accident and stated benefits.
  • Core benefits are accidental death, permanent total disability, temporary partial disability and temporary total disability.
  • Criteria used to underwrite an individual personal accident policy are occupation, health, avocations (pastimes or hobbies), sports and age. 

  • Specific Outcomes and Assessment Criteria: 

    SPECIFIC OUTCOME 1 
    Explain personal accident insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of accident is explained with examples of how it is used in personal accident insurance. 

    ASSESSMENT CRITERION 2 
    The types of cover offered as core benefits under personal accident policies are named with examples. 

    ASSESSMENT CRITERION 3 
    The difference between the payment of medical expenses under a medical aid scheme or health insurance policy and a personal accident insurance policy is explained in terms of medical expenses following an accident. 

    ASSESSMENT CRITERION 4 
    The implications of personal accident as a non indemnity contract are explained and an indication is given of the overlap with medical schemes and health insurance with reference to the policy wording in a personal accident policy. 

    ASSESSMENT CRITERION 5 
    The concepts of an indemnity and a non indemnity contract are explained with examples. 

    SPECIFIC OUTCOME 2 
    Differentiate between the categories of personal accident insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The concept of group personal accident insurance is explained with reference to the selection of benefits and the payment of premiums. 

    ASSESSMENT CRITERION 2 
    Cover available to a specific group or organisation is investigated and an indication is given of options available under a specific policy with reference to the selection of benefits and the payment of premiums. 

    ASSESSMENT CRITERION 3 
    The concept of individual personal accident insurance is explained and an indication is given of the options available under an individual policy. 

    ASSESSMENT CRITERION 4 
    Optional cover available under individual personal accident insurance is investigated for two different insurers. 

    SPECIFIC OUTCOME 3 
    Apply underwriting criteria to a personal accident insurance policy. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The effect of occupation on premium in a group scheme is explained with examples. 

    ASSESSMENT CRITERION 2 
    Criteria used to underwrite an individual personal accident insurance policy are explained and an indication is given of how each criteria affects the risk. 

    ASSESSMENT CRITERION 3 
    The concepts of territorial limits, 24 hour cover, working hours cover and sums insured are explained with examples. 

    ASSESSMENT CRITERION 4 
    The benefits in a personal accident policy are analysed for a specific policy. 

    ASSESSMENT CRITERION 5 
    The limitations, exclusions, conditions and provisions of a specific policy are explained with reference to the underwriting decision. 

    SPECIFIC OUTCOME 4 
    Demonstrate insight into other aspects of insurance that impact on personal accident insurance. 

    ASSESSMENT CRITERIA
     

    ASSESSMENT CRITERION 1 
    The limitations on life cover that can be supplemented by personal accident insurance are explained with examples. 

    ASSESSMENT CRITERION 2 
    The limitations on Road Accident Fund and COIDA cover that can be supplemented by personal accident insurance are explained with examples. 

    ASSESSMENT CRITERION 3 
    The limitations on children are named and reasons are given to explain why there are limitations imposed in the insurance of children. 

    ASSESSMENT CRITERION 4 
    The beneficiary of a personal accident policy is identified for three case studies. 

    ASSESSMENT CRITERION 5 
    The consequences of giving incorrect advice are explained in terms of Policyholder Protection legislation, FAIS and Professional Indemnity. 


    UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS 
    This Unit Standard will be internally assessed by the provider and moderated by a moderator registered by a relevant accredited ETQA or an ETQA that has a Memorandum of Understanding with the relevant accredited ETQA. 

    UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE 
    N/A 

    UNIT STANDARD DEVELOPMENTAL OUTCOME 
    N/A 

    UNIT STANDARD LINKAGES 
    N/A 


    Critical Cross-field Outcomes (CCFO): 

    UNIT STANDARD CCFO COLLECTING 
    Learners are able to collect, organise and critically evaluate information in analysing the needs of a specific client and suggesting applicable cover. 

    UNIT STANDARD CCFO COMMUNICATING 
    Learners are able to communicate effectively explaining the various concepts in the Unit Standard. 

    UNIT STANDARD CCFO DEMONSTRATING 
    Learners are able to demonstrate an understanding of the world as a set of related systems by identifying the overlap between personal accident insurance and medical schemes/insurance, and applying Policyholder Protection Legislation and Professional Indemnity. 

    UNIT STANDARD CCFO CONTRIBUTING 
    Learners are able to make responsible decisions in selecting suitable options for a specific group or organisation. 

    UNIT STANDARD ASSESSOR CRITERIA 
    N/A 

    REREGISTRATION HISTORY 
    As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. 

    UNIT STANDARD NOTES 
    This unit standard replaces unit standard 10371, 'Demonstrate knowledge and understanding of personal accident insurance', Level 4, 2 credits. 

    QUALIFICATIONS UTILISING THIS UNIT STANDARD: 
      ID QUALIFICATION TITLE PRE-2009 NQF LEVEL NQF LEVEL STATUS END DATE PRIMARY OR DELEGATED QA FUNCTIONARY
    Elective  66609   Further Education and Training Certificate: Retail Insurance  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  66610   Further Education and Training Certificate: Short Term Insurance  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 
    Elective  57613   Further Education and Training Certificate: Short-Term Risk Management  Level 4  NQF Level 04  Passed the End Date -
    Status was "Reregistered" 
    2012-06-30  INSETA 
    Elective  66613   Further Education and Training Certificate: Wealth Management  Level 4  NQF Level 04  Reregistered  2021-06-30  As per Learning Programmes recorded against this Qual 


    PROVIDERS CURRENTLY ACCREDITED TO OFFER THIS UNIT STANDARD: 
    This information shows the current accreditations (i.e. those not past their accreditation end dates), and is the most complete record available to SAQA as of today. Some Primary or Delegated Quality Assurance Functionaries have a lag in their recording systems for provider accreditation, in turn leading to a lag in notifying SAQA of all the providers that they have accredited to offer qualifications and unit standards, as well as any extensions to accreditation end dates. The relevant Primary or Delegated Quality Assurance Functionary should be notified if a record appears to be missing from here.
     
    1. African Resources & Financial Training (Pty) Ltd 
    2. ALCARI 233 CC T/A ALCARI (Eversdal)(TP) 
    3. Alcari Learning Centre (Pty) Ltd 
    4. BRC Solutions (Pty) Ltd 
    5. CKP Development Agency (Pty) Ltd. 
    6. De Vries Management & Training Services cc 
    7. DSBI (Pty) Ltd 
    8. EJW Financial Services (Pty) Ltd 
    9. Executive People Development Solutions (Pty) Ltd 
    10. Faisit (Pty) Ltd 
    11. Indwe Risk Services (Pty) Ltd 
    12. Intec College 
    13. Intelligo Solutions Pty (Ltd) 
    14. Invuya Institute of Learning (Pty) Ltd 
    15. Masifunde Training Centre (Pty) Ltd 
    16. Octomate (Pty) Ltd 
    17. Old Mutual Life Assurance Company South Africa 
    18. Outsurance Insurance Company Ltd 
    19. Ray Strodl Consulting (Pty) Ltd 
    20. Ripple Effect 4 (Pty) Ltd 
    21. RJM Educational Consulting PTY LTD 
    22. Sanlam Life Insurance Ltd 
    23. Sanlam Life Insurance Ltd. 



    All qualifications and part qualifications registered on the National Qualifications Framework are public property. Thus the only payment that can be made for them is for service and reproduction. It is illegal to sell this material for profit. If the material is reproduced or quoted, the South African Qualifications Authority (SAQA) should be acknowledged as the source.