Fundamentals of Life Insurance and Retirement Savings

This DXB Institute Fundamentals of Life Insurance and Retirement Savings training course uses a combination of lecture and interactive presentation and live discussion. This will be supported with tables and charts used along to consolidate learning with mini case studies, practical exercises, and discussion.  By the end of each day, there will be a summary recap and a mini quiz, and by every other day, there will be a connecting introduction, linking up the topics to formulate a complete module.

The participants will be able to explain insurance definitions and analyze insurance policies by applying insurance terminology under the legal framework governing the life insurance business. They will develop skills to identify the clients' insurance needs to explain the coverage, limits, and exemptions of various Life Insurance plans. They will be able to provide insurance and financial guidance to clients and analyze pension activities technically.

By the end of this GLOMACS training course, the participants will be able to:

• Define concepts of life insurance
• Identify the insurance needs of the insureds
• Follow the financial Planning process
• Differentiate the various types of life insurance
• Implement a lifelong retirement program

This GLOMACS training course is suitable to a wide range of professionals but will significantly benefit: 

• Sales Insurance Professionals
• Marketing Insurance Professionals
• Client Service Departments
• Call centers prospecting life insurance clients
• Employees working in the underwriting, handling claims, and compliance department
• Bank Employees who sell insurance together with banking products

Organisational Impact

This DXB Institute training course will provide each participant with all the contemporary applications and insights behind life and investment insurance. Therefore, the organization will benefit the most from the new skills empowering these people to be innovative, propose new ideas, and be flexible while evaluating life and retirement plans, which are based on the insured's financial planning process. 

Upon attending this DXB Institute Fundamentals of Life Insurance and Retirement Savings training course, the participants will be more productive at work, and organisations will increase their performance and gain a competitive edge in the sector, and be able to: 

• Explain insurance definitions and analyse insurance policies
• Apply insurance terminology and legal framework governing insurance business
• Explain the coverage, limits, and exemptions of various Life Insurance plans
• Distinguish the plans and supplements included in the life insurance Policies
• Expound technical analyses of life and investment activities
• Apply the principles of insurance risk assessment and customer requirements

Personal Impact

The participants will have better understanding of the life insured’s needs and enlarge their working horizons on the subject, by discussing and analysing new ideas related to their work, acquiring planning and retirement knowledge and skills that will provide insightful understanding of the modern life insurance world, and therefore by being more accountable, they will become more efficient in their everyday working environment. 

The impacts of this DXB Institute training course to the participants are the following:

• Gaining specific market knowledge about the Insurance Sector
• Becoming more useful, trusted and valuable employees with better judgment
• Learning how to use Life and Pension Insurance in Groups strategically
• Developing skills to identify clients' insurance needs
• Being able to provide insurance and financial guidance to retirement planning