Course Title: Risk, Insurance and Social Security
Part A: Course Overview
Course Title: Risk, Insurance and Social Security
Credit Points: 12.00
Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT2263 |
Open Learning Australia |
Non Award |
615H Accounting |
Distance / Correspondence |
OUASP2UG19, OUASP2UG20, OUASP4UG20, OUASP2UG21, OUASP4UG21 |
ACCT2287 |
City Campus |
Undergraduate |
615H Accounting |
Face-to-Face |
Sem 1 2017, Sem 1 2018, Sem 1 2019, Sem 2 2019, Sem 1 2020, Sem 2 2020, Sem 1 2021, Sem 2 2021 |
ACCT2287 |
City Campus |
Undergraduate |
665H Accounting, Information Systems and Supply Chain |
Face-to-Face |
Sem 1 2022, Sem 2 2022, Sem 1 2023, Sem 2 2023, Sem 1 2024 |
Flexible Terms
Course Code |
Campus |
Career |
School |
Learning Mode |
Teaching Period(s) |
ACCT2297 |
OUA CSP |
Undergraduate |
615H Accounting |
Internet |
OUACSP2019 (All) |
Course Coordinator: Dr Sheikh Rahman
Course Coordinator Phone: N/A
Course Coordinator Email: sheikh.fazlur.rahman@rmit.edu.au
Course Coordinator Location: Building 80
Course Coordinator Availability: By appointment via email
Pre-requisite Courses and Assumed Knowledge and Capabilities
Before enrolling in this course it is required that you complete the course BAFI2040 Personal Wealth Management or ACCT1018 Financial Planning. |
Course Description
The course aims to develop an understanding of concepts, principles and applications of insurance as related to financial planning. |
Objectives/Learning Outcomes/Capability Development
-
On successful completion of this course you will be able to:
CLO1. Critically analyse the costs and benefits of insurance to individuals and society.
CLO2. Analyse and evaluate client’s eligibility for social security benefits for appropriate strategy recommendations.
CLO3. Evaluate the relevance of the risk management process, the selection of appropriate techniques in treating loss exposures and the basic legal principles governing insurance contracts to structure advice to clients.
CLO4. Critique the types of general insurance products in personal risk insurance and apply insurance needs analysis to identify required level of cover and associated tax estimates.
CLO5. Evaluate the underwriting process of insurance contracts in relation to premium pricing and match relevant features in providing advice to clients.
Overview of Learning Activities
Your learning will be supported through various activities which may include quizzes; assignments; recommended readings; sourcing, researching and analysing specific information; solving problems; debating selected topics on discussion forums and producing written work. |
Overview of Learning Resources
Various learning resources are available online through MyRMIT Studies\Canvas. The lecture notes and workshop notes are posted on Canvas.
Resources are also available online through RMIT Library databases and other facilities. Visit the RMIT library website for further details. Assistance is available online via our chat and email services, face to face at our campus libraries or via the telephone on (03) 9925 2020.
Additional resources and/or sources to assist your learning will be identified by your course coordinator and will be made available to you as required during the teaching period.
Overview of Assessment
The assessment tasks, their weighting and the course learning outcomes to which they are aligned are as follows:
Assessment Task 1: 20%
Linked CLOs: 1, 3, 4, 5
Assessment Task 2: 40%
Linked CLOs: 1, 3, 4, 5
Assessment Task 3: 40%
Linked CLOs: 1, 2, 3, 4
Feedback will be provided throughout the semester in class and/or in online forums through individual and group feedback on practical exercises and by individual consultation.