Exemptions



    

 
 

Diploma in Life Insurance (DLI) - Self-Study

Exemption Policies & Requirements

IMPORTANT NOTE

Any candidate applying for exemption will be first required to sign an Advisory Note and a Student Contract, as well as to register for the relevant examination on the same day before proceeding. Please click here for information on signing the Advisory Note and the Student Contract

Please read the Exemption Policies and Instructions (below) thoroughly before completing this Application Form for exemption review.

I - EXEMPTION POLICIES

  1. A non-refundable administration fee of S$53.50 (inclusive of 7% GST) is payable for each application submitted. The application will not be processed if the processing fee is not paid in full and the supporting documentary evidence is not submitted to SCI within 5 working days from the date of application.

  2. Upon successful application, the applicant will be notified by post and an exemption fee of S$214.00 (inclusive of 7% GST) per exempted module becomes payable within 30 days from the date of approval by SCI. If this required payment is not fully made by this period, the exemption to be granted will not be valid and the applicant will have to re-apply for the exemption as a fresh application.

  3. A candidate can apply for exemption at any stage during his or her study. However, there will not be any fee refund for any study material already purchased or examination already registered for.

  4. For candidates who wish to achieve the respective DLI qualification, the number of exemptions to be granted, if applicable, shall not be more than 2 modules subject to the consideration and approval of SCI, which in its absolute discretion shall decide.

II - INSTRUCTIONS TO APPLICANT

(A) Requirements To Qualify For DLI Module Exemption

To qualify for any relevant exemption, the applicant's qualification in consideration must meet all of the following requirements:

  1. In order to be registered for the Programme / Examination, the candidate:

    (a) must be at least 18 years of age; and

    (b) should be a Singapore Citizen / Singapore Permanent Resident or foreigner who is ordinarily resident in Singapore at the point of registering for the Programme / Examination;and

    (c) should preferably be engaged in financial services activities; and

    (d) must have successfully completed the Capital Markets and Financial Advisory Services (CMFAS) Examination Module 5 and Module 8 or Module 9, as well as the Health Insurance examination; and

  2. The qualification has been awarded by a recognised institution or professional body, and must not be more than 10 years from the date of application for exemption.

  3. The qualification is of an equivalent or of a higher academic standard than that of SCI qualification.

  4. Partial qualification obtained from any other institution or professional body will not be considered for exemption. SCI will not entertain any enquiry or appeal in this respect.

  5. The qualification must have been obtained by taking the examination and not by exemption or transfer of credit from a course or programme previously taken.

  6. The qualification or its examination(s) must match the learning outcomes of the current DLI examination.

  7. The assessment method of the qualification or its examination(s) must be of a similar standard, scope and rigour to the DLI examination.

(B) Documents Required

If the qualification in consideration meets all the requirements as specified above, the applicant may proceed to complete the Application Form below, together with submission of the following supporting documents. (Please do not send original documents to SCI as it shall not be held responsible for any such loss, and after processing, the documents will not be retained by SCI.)

  1. A photocopy of each of the result slips and transcripts supporting this application must be certified as true copy by the immediate supervisor or a senior officer of the employing company indicating the name, designation, company's name and date of certification. Such certified documents must be submitted within 5 working days of this application by post, e-mail, fax or by hand to:


    Examinations Department
    Singapore College of Insurance Limited
    9 Temasek Boulevard
    #14-01/02/03 Suntec Tower Two
    Singapore 038989

  2. Upon submission of the completed Application Form with the correct payment and all required supporting documents duly certified, SCI will process such application within 15 working days and will inform the candidate of the outcome by registered post. SCI will not entertain any enquiry on such matter in the meantime. The sole decision of SCI is final and no appeal will be entertained.

III - Exemption is granted for the following:

QualificationsExempted Subject/sApply
ChFC HoldersDLI02 and DLI05Apply
AFC Holders from IFPAS*DLI05Apply
CFP Holder from FPAS**DLI02 and DLI05Apply
Bachelor of Science in Finance Holder (SUSS)***DLI02 and DLI05Apply

* Insurance and Financial Practitioners Association of Singapore
** Financial Planning Association of Singapore
*** Subject to completion of designated modules selected under the Finance Elective and University Core Courses.



 
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