Skill set Outline
Information current as of
11/09/2026 6:43 PM AWST
11/09/2026 6:43 PM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Life Insurance Fundamentals Skill Set
Life Insurance Fundamentals Skill Set
Skill set
National Code
FNSSS00018
FNSSS00018
State Code
AE664
AE664
TGA Status
Current
Current
DTWD Status
Approved
Approved
National Endorsed, State Implementation and Classification
AQF Level
—
Field of Education
—
Skillset Type
National
Original TGA Release Date
27/01/2022
Current Release Date
27/01/2022
Current Release Number
1.00
Approved Date
08/04/2022
Nominal Hours
—
Duration
—
Releases
| Release Version | Release Date | TGA Status | DTWD Status |
|---|---|---|---|
| 1.00 | 27/01/2022 | Current | Approved |
Description
This skill set addresses the skills and knowledge required to work effectively in the life insurance context in line with professional and ethical practices. It applies to entry-level life insurance consultants who work in a range of roles.
Pathway Information
The units provide credit towards FNS41521 Certificate IV in Life Insurance and other qualifications that allow for selection of these units.
Licensing / Regulatory Information
Work functions in the occupational areas where this skill set is used may be subject to regulatory requirements. Relevant regulatory authorities should be consulted to confirm those requirements before applying the skill set.
Target Group
This skill set is for individuals entering the life insurance industry.
Suggested words for statement of attainment
These units of competency from the FNS Financial Services Training Package meet industry requirements for working in entry level job roles in life insurance contexts.
General notes
Schedule
| State Code | National Code | Title | Hours | Type |
|---|---|---|---|---|
| ODR83 | FNSINC413X | Apply codes and standards of ethical practice to own role | 35 | Unit of competency |
| OBR53 | FNSINC411 | Conduct work according to professional practices in the financial services industry | 25 | Unit of competency |
| ODR90 | FNSILF413 | Develop and maintain in-depth knowledge of life insurance products and services | 50 | Unit of competency |
| ODR79 | FNSILF409 | Work effectively and sustainably in the life insurance industry | 35 | Unit of competency |