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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 THAT HAS PASSED THE END DATE: |
| Arrange and cancel insurance for bank-financed vehicles |
| SAQA US ID | UNIT STANDARD TITLE | |||
| 7336 | Arrange and cancel insurance for bank-financed vehicles | |||
| ORIGINATOR | ||||
| SGB Banking and Micro Finance | ||||
| PRIMARY OR DELEGATED QUALITY ASSURANCE FUNCTIONARY | ||||
| BANKSETA - Banking Sector Education and Training Authority | ||||
| 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 5 | Level TBA: Pre-2009 was L5 | 8 |
| REGISTRATION STATUS | REGISTRATION START DATE | REGISTRATION END DATE | SAQA DECISION NUMBER | |
|
Passed the End Date - Status was "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 does not replace any other unit standard and is not replaced by any other unit standard. |
| PURPOSE OF THE UNIT STANDARD |
| This unit standard is intended for a person who arranges and cancels insurance. A person credited with this unit standard will be able to arrange comprehensive cover, top up cover, life/disability/unemployment cover and cancel insurance. |
| UNIT STANDARD OUTCOME HEADER |
| Arrange comprehensive cover |
| Specific Outcomes and Assessment Criteria: |
| SPECIFIC OUTCOME 1 |
| Arrange comprehensive cover. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. All vehicle related details are obtained for the insurance company as per their agreement. |
| ASSESSMENT CRITERION 2 |
| 2. The premium quote is obtained and communicated to the customer in accordance with company specific requirements. |
| ASSESSMENT CRITERION 3 |
| 3. Cover is arranged and the necessary entries generated in accordance with company specific requirements on receipt of the customers instruction. |
| SPECIFIC OUTCOME 2 |
| Arrange top up cover. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Details of the value of the vehicle and use is obtained from the customer in accordance with the insurance company's requirements. |
| ASSESSMENT CRITERION RANGE |
| Use relates to business or personal, taxi. |
| ASSESSMENT CRITERION 2 |
| 2. The benefits of the cover are explained to the customer in accordance with the product requirements. |
| ASSESSMENT CRITERION 3 |
| 3. A quote is obtained and communicated to the customer in accordance with company specific requirements. |
| ASSESSMENT CRITERION 4 |
| 4. On receipt of the customers written or verbal instruction, the cover is arranged and the necessary entries are generated in accordance with company specific requirements. |
| SPECIFIC OUTCOME 3 |
| Arrange life/disability/unemployment cover/dread disease/personal catastrophe. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. The benefits and terms and conditions of the policy are explained in terms of the product requirement. |
| ASSESSMENT CRITERION 2 |
| 2. The written or verbal instruction is loaded in accordance with company specific requirements. |
| ASSESSMENT CRITERION 3 |
| 3. The customer is advised of the calculated premium amount and the necessary entries are prepared or generated as per company specific requirements. |
| ASSESSMENT CRITERION 4 |
| 4. The cover is arranged in terms of the insurance company and finance company's laid down qualifying criteria. |
| SPECIFIC OUTCOME 4 |
| Cancel Insurance. |
| OUTCOME RANGE |
| Comprehensive, top up, life/disability/unemployment/dread disease/ personal catastrophe and warranty. |
ASSESSMENT CRITERIA |
| ASSESSMENT CRITERION 1 |
| 1. Written instruction to cancel top up, life/disability/unemployment/dread disease/personal catastrophe and warranty cover is obtained in accordance with company specific requirements. |
| ASSESSMENT CRITERION 2 |
| 2. Confirmation of the alternative cover is obtained in terms of the Credit Agreements Act before cancelling comprehensive insurance cover. |
| ASSESSMENT CRITERION 3 |
| 3. The necessary entries are prepared or generated in accordance with company specific requirements. |
| UNIT STANDARD ACCREDITATION AND MODERATION OPTIONS |
| 1. Anyone assessing a learner against this unit standard must be registered as an assessor with the relevant ETQA.
2. Any institution offering learning that will enable achievement of this unit standard or assessing this unit standard must be accredited as a provider with the relevant ETQA. 3. Moderation of assessment will be overseen by the relevant ETQA according to the moderation guidelines in the relevant qualification and the agreed ETQA procedures. Therefore anyone wishing to be assessed against this unit standard may apply to be assessed by any assessment agency, assessor or provider institution which is accredited by the relevant ETQA. |
| UNIT STANDARD ESSENTIAL EMBEDDED KNOWLEDGE |
| Product knowledge of insurance products |
| Critical Cross-field Outcomes (CCFO): |
| UNIT STANDARD CCFO COMMUNICATING |
| To communicate effectively when explaining the benefits of the cover to the customer; presenting the quote to the customer; explaining the terms and benefits of the policy to the customer. |
| UNIT STANDARD CCFO SCIENCE |
| To use technology effectively when using the computer to generate the relevant entries for capturing data. |
REREGISTRATION HISTORY |
| As per the SAQA Board decision/s at that time, this unit standard was Reregistered in 2012; 2015. |
| UNIT STANDARD NOTES |
| Terminology:
Top up Cover Motor vehicle warranty cover |
| QUALIFICATIONS UTILISING THIS UNIT STANDARD: |
| ID | QUALIFICATION TITLE | PRE-2009 NQF LEVEL | NQF LEVEL | STATUS | END DATE | PRIMARY OR DELEGATED QA FUNCTIONARY | |
| Elective | 61589 | National Certificate: Banking | Level 5 | Level TBA: Pre-2009 was L5 | Passed the End Date - Status was "Reregistered" |
2023-06-30 | 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 BANK LTD |
| 2. | Chartall Business College |
| 3. | Felix Risk Training Consultants |
| 4. | Plumb Line Risk Alignment |
| 5. | Riverwalk Trading 151 CC trading as Culhane Consulting |
| 6. | Standard Bank Personal and Business Banking |
| 7. | The Academy of Financial Markets |
| 8. | The Institute of Literacy Advancement |
| 9. | THE SHERQ CENTRE OF EXCELLENCE PTY 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. |