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Home  >  Examinations >  M9
  • For Whom
  • Objective
  • Contents
  • Structure & Format
  • Duration
  • Minimum Passing Grade & Result Slip
  • Examination & Registration Fees
  • Study Materials / Supplementary Notes
  • Examination Mode
  • Examination Frequency & Schedule
  • Examination Resitting
  • Exemption
  • Registration
  • CPD Hours
  • CII Recognition Of Prior Learning Scheme Rules
  • Programme Changes

  • Examination Schedule

    M9 - Life Insurance And Investment-Linked Policies

    For Whom
    Those intending to provide advice on and / or arrange life insurance policies (whether or not including investment-linked policies) are required to pass this module, together with the module M5 on Rules And Regulations For Financial Advisory Services, in compliance with the requirements as laid down by the Monetary Authority of Singapore (MAS).

    To ensure potential financial advisers / representatives possess the requisite basic knowledge of life insurance and investment-linked policies.


  • Chapter 1 Risk And Life Insurance
  • Chapter 2 Setting Life Insurance Premium
  • Chapter 3 Classification Of Life Insurance Products
  • Chapter 4 Traditional Life Insurance Products
  • Chapter 5 Riders (Or Supplementary Benefits)
  • Chapter 6 Participating Life Insurance Policies
  • Chapter 7 Investment-linked Life Insurance Policies (ILPS): Types, Features, Benefits And Risks
  • Chapter 8 Investment-linked Sub-Funds
  • Chapter 9 Investment-linked Life Insurance Products: Computational Aspects
  • Chapter 10 Annuities
  • Chapter 11 Application And Underwriting
  • Chapter 12 Policy Services
  • Chapter 13 Life Insurance Claims
  • Chapter 14 The Insurance Contract
  • Chapter 15 Law Of Agency
  • Chapter 16 Income Tax And Life Insurance
  • Chapter 17 Insurance Nomination, Wills And Trusts
  • Structure & Format
    100 multiple-choice questions.

    2 hours

    Minimum Passing Grade & Result Slip
    One mark will be awarded for each correct answer. No mark will be awarded or deducted for any wrong or blank answer.

    No certificate will be issued. Only Result Slip will be issued.

    Examination & Registration Fees (Inclusive of 7% GST)
    For details, please click here.

    Study Materials / Supplementary Notes
    A Study Text will be given to the candidate taking the examination for the first time to assist in the examination preparation. The candidate is solely responsible for obtaining the correct edition of the Study Text and the latest supplementary notes, etc, where applicable.  The M9 Study Text (Hardcopy version) consists of 316 pages (excluding Supplementary Notes) whereas the M9 E-Book consists of 328 pages (with Supplementary Notes incorporated).

    Please note that Supplementary Notes (if any) which update the Study Text are testable materials applicable to the relevant examination.

    Please note that the candidate can collect the Study Text (if applicable) only when the necessary correct payment (if applicable) has been made to SCI.

    For details, please click here.

    Examination Mode
    English Medium - Computer Screen Examination (CSE)
    The candidate can self-study for the closed book examination.

    Examination Frequency & Schedule
    The examination in English is conducted daily on weekday.

    Candidates representing the life insurance companies may refer directly to their respective Training Department for the Examination Schedule. For other candidates, please refer to the Examination Registration in SCI Website.

    For details of the examination dates, please refer to the Examination Schedule.

    Examination Resitting
    There is no limit on the number of times that a candidate can sit for an examination. However, he or she will not be permitted to sit for any examination if he or she has either passed or been exempted from it.

    The candidate may attempt the modules under the Capital Markets & Financial Advisory Services (CMFAS) examinations in any order of preference.

    For a list of approved exemptions, please refer directly to MAS Website at under MAS Notice No. FAA-N13: Notice on Minimum Entry and Examination Requirements for Representatives for Financial Advisers and Exempt Financial Advisers.

    Registration must be made online via SCI Website

    For details, please refer to the Examination Registration Policies.

    Candidates who represent life insurance companies will have to register using their respective company's user ID and password. Please check directly with the respective Agency / Training Department for the registration details.

    Candidates who represent only General Insurance Companies, Banks / Securities Firms, Insurance Broking Firms, Independent Financial Advisers and others can register online via SCI Website.

    CPD Hours
    Upon passing the examination for this module, you are entitled to 2 CPD Hours.

    Recognition Of Prior Learning (RPL) Credits Awarded By The Chartered Insurance Institute, United Kingdom (CII)

    All candidates who pass the HI examination are eligible to apply for 15 Certificate-level credits in the Financial qualifications framework at the following link: Candidates are however advised to familiarise themselves with the CII RPL Scheme rules and application process before submitting their applications.

    Please take note that the above-mentioned CII RPL Credits are valid until 31 January 2022.

    It is the sole responsibility of the candidate concerned to apply directly to the CII for any RPL Credit subject to the terms and conditions as specified by the CII.

    Please take note of the following important statement from the CII:

    1. At its sole discretion the Chartered Insurance Institute reserves the right to make, amend and or withdraw credit awards for prior learning the subject of this application at any time, on due notice as it sees fit and without monetary compensation. Under no circumstances will the Chartered Insurance Institute accept any liability for consequential indirect or special losses or special damages of any kind arising out of or in any way connected with the awarding or withdrawal of credit awards for prior learning.

    2. The award of credits for prior learning in the CII's qualification framework is a privilege and not a right and it is expressly agreed that there is no intent to bring legal relations into being or otherwise establish a contractual relationship between the parties.

    Programme Changes
    SCI solely reserves the right whether or not to accept any candidate, or to make any changes (including the fees) owing to any unforeseen circumstances, or when it considers necessary or appropriate to do so.

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