309010 (v.2) Principles of Insurance and Superannuation 101

Area:	Department of Mathematics and Statistics
Credits:	25.0
Contact Hours:	4.0
The tuition pattern below provides details of the types of classes and their duration. This is to be used as a guide only. For more precise information please check your unit outline.
Lecture:	1 x 2 Hours Weekly
Tutorial:	1 x 1 Hours Weekly
Syllabus:	The purpose of insurance. History & development of insurance in Australia. The operation & statutory requirements of Insurance companies and the role of the actuary. The products offered and their uses in society and financial planning. Some basic actuarial concepts will be introduced as well as the taxation and investment aspects of the various insurance products. The pricing of some basic insurance products will also covered. The history of the superannuation industry in Australia and current practice. The various types of superannuation schemes available, including Public sector, corporate and industry funds, Master trusts and self managed superannuation funds. Their taxation & investment advantages and roles in retirement planning. Funding andinvestment strategies. The relationship of superannuation to the Social Security system.
To ensure that the most up-to-date information about unit references, texts and outcomes appears, they will be provided in your unit outline prior to commencement.
Field of Education:	081103 Insurance and Actuarial Studies
SOLT (Online) Definitions*:	Informational *Extent to which this unit or thesis utilises online information
Result Type:	Grade/Mark

Availability

Availability Information has not been provided by the respective School or Area. Prospective students should contact the School or Area listed above for further information.