Singapore College of Insurance the diploma in life insurance
Description
The Singapore College of Insurance (SCI), founded in 1974 as the Singapore Insurance Training Centre, is Singapore’s premier not-for-profit institution dedicated to elevating the technical expertise and professional development of insurance and financial services practitioners. With over 50 years of excellence, SCI has trained professionals across 57 countries, reinforcing Singapore’s status as a global financial hub. Located at 9 Temasek Boulevard, Suntec Tower Two, in the heart of Singapore’s central business district—conveniently accessible via Promenade MRT—SCI features modern training facilities, including interactive classrooms, libraries, and digital resources, fostering a collaborative environment for lifelong learning. As the Secretariat for the Asia-Pacific Risk and Insurance Association (APRIA) and with international partnerships like The Chartered Insurance Institute (CII) and The American College of Financial Services (TAC), SCI administers regulatory examinations for the Monetary Authority of Singapore (MAS) and delivers practice-oriented programs aligned with industry standards.
SCI’s Diploma in Life Insurance (DLI) is a flagship professional qualification, developed and awarded by the institution for Singapore-based insurance practitioners. This self-study diploma provides a technical and supervisory foundation in life insurance, covering product design, pricing, underwriting, claims management, investments, and operations of life insurance companies. It equips learners with knowledge of individual life, annuity, and disability products, preparing them for roles in sales, advisory, and management. As a logical progression from foundational certificates, the DLI enhances competencies in regulatory compliance and ethical practices, recognized by the ASEAN Insurance Council for the ASEAN Professional Insurance Diploma (APID). Graduates earn a versatile diploma that supports career advancement in Singapore’s thriving insurance sector.
Beyond the DLI, SCI offers a comprehensive suite of degrees, diplomas, and certificates under its C2 (Certification and Competencies) and E2 (Executive Excellence) frameworks. Foundational options include the Certificate in Life Insurance for basics in product knowledge, alongside short-cycle certificates in health insurance and financial advisory skills. Advanced diplomas, such as the Diploma in General Insurance and Risk Management (DGIRM) and Advanced Diploma (ADGIRM), focus on risk assessment and claims handling. Professional designations like the Chartered Financial Consultant®/Singapore (ChFC®/S) and Chartered Life Underwriter®/Singapore (CLU®/S) provide executive-level qualifications in financial planning and underwriting. Postgraduate certificates in reinsurance, motor insurance, and collective investment schemes cater to specialized needs, often modular for working professionals.
SCI’s programs emphasize experiential learning through case studies, workshops, and industry collaborations, ensuring transferable skills for global mobility. Admission to the DLI requires relevant prior qualifications like the Certificate in Life Insurance, with self-paced exams via SCI’s portal. Rolling registrations and merit-based access promote inclusivity, supported by e-textbooks and online resources.
SCI’s alumni network connects graduates to opportunities in multinationals, brokerages, and reinsurers, bolstered by career services and events like Insurance Day. Committed to innovation, sustainability, and ethical leadership, SCI’s diplomas, degrees, certificates, and advanced qualifications empower practitioners to navigate dynamic markets, making it Asia’s beacon for insurance education.
