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Chartered Investment & Finance Practitioner (ChIFP)

Chartered Agency & Practice Manager (ChAPM)

Fellow Certified
Life Practitioner (FCLP)

Financial and Life Practitioners Council (FLPC)

The Life Practitioners Council (LPC) evolved into the Financial & Life Practitioners Council (FLPC) under NAMLIFA in 1996. Offering training in Life Insurance Specialisation (IS) and Financial Planning Specialisation (FPS), it adapts to industry changes with the rebranding and restructuring of its FChFP program.

Mission:

Enhance members' skills, knowledge, and performance in financial services.

Objectives:

Establish ethical benchmarks for members.
Foster understanding of state-of-the-art financial knowledge.
Facilitate ongoing professional development.
Promote quality financial tools.
Prepare members for diverse roles in evolving financial landscapes.

The Premier Designation for Life Professionals and Financial Practitioners

NAMLIFA – FLPC offers the Fellow Chartered Financial Practitioner (FChFP) Programme since 1997. Now, introducing the FCLP designation for life insurance agents, covering four modules:

LP101 Personal Insurance: Principles & Marketing (Moderating Based) – 10 sessions of 4 hours per sessions. (Moderating Based) – 4 days of 6.5 hours per day.
LP102 Business Insurance: Principles & Marketing (Moderating Based) – 10 sessions of 4 hours per sessions. (Moderating Based) – 4 days of 6.5 hours per day.
LP103 Associated Legal Principles in Life Insurance (Lecture Based) – 4 days of 6.5 hours per day.
LP104 Business Insurance: Risk & Continuation Planning (Lecture Based) – 4 days of 6.5 hours per day.

REASONS to Enroll in the FCLP Designation Programme:

Upgrade professionalism and accountability in the industry.
Malaysianized syllabus tailored to local needs.
Reasonable fees.
Greater flexibility in study methods.

METHODS of Study: Course with lectures/moderation and examination

REQUIREMENTS for attaining the following Designations

Completed and Passes LP101 – Certified Personal Insurance Planner (CPIP)
Completed and Passes LP101 & LP102 – Certified Life Planner and Marketer (CLPM)
Completed and Passes LP101 to LP104 – Fellow Certified Life Practitioner (FCLP)

The Designation for Investment & Finance Practitioner

The ChIFP Designation:

Introduction by APFinSA to meet evolving industry needs.
Offered through the ChIFP Programme by ICSB.
Recommended for investment advisors, those seeking deeper finance understanding, or Securities Commission licensing candidates.
Consists of four modules:

1F401 Valuation of Securities & Fundamental Analysis; Lecture Hours: 15
1F402 Portfolio & Fund Management; Lecture Hours: 15
1F403 Managerial Finance & Investment Planning; Lecture Hours: 15
1F404 Regulatory Controls on Investment Advisors; Lecture Hours: 8

Entry Requirements:

Candidates must possess 3years of full-time business experience in financial services or related industries.
A degree from an accredited educational institution is recognized as 1year of business experience.
Minimum age requirement: Candidates must be at least 21 years old to apply.

Exemptions:

Candidates may apply for exemptions during first ChIFP module registration.
Once admitted, exemptions are no longer applicable.
An exemption fee is payable per exempted module, limited to three regardless of qualifications.

Membership:

Candidates must maintain active NAMLIFA membership to participate.

Class Enrolment:

Contact NAMLIFA for class enrolment details.

Sequence of Examination Attempts:

Modules 01 to 04 must be attempted in ascending order.

Number of Attempts Allowed:

No limit on attempts for failed modules.

Examination Schedule:

Contact local course provider or visit www.namlifa.org.my for schedule.

How to Become a ChIFP Designate – Graduating Criteria:

Education Requirement:

Pass exemptions and fulfill course requirements for all four modules.
Apply for ChIFP designation awarded by APFinSA upon graduation.

Maximum Period for Completion:

Complete all four modules within five consecutive years.
Qualifying time starts when the first module subject is passed/exempted.

Ethics Requirement:

Sign a statement agreeing to adhere to the Code of Ethics.
Complete an Ethics course to maintain high ethical standards.

Continuing Professional Development (CPD):

Complete a minimum of 30 CPD credits every two years.
CPD credits must be from approved educational activities.

The Designation for Agency Manager

The ChAPM Designation:

Introduction by APFinSA to recognize excellence in Agency and Financial Planning Practice Management.

Why ChAPM?

Acknowledges industry need for a mark of excellence.
Recognizes existing qualifications or training in Agency Management.
Offers a conversion program for Agency Managers and Leaders to earn ChAPM designation.

Programme Information:

Candidates can apply for exemptions during first ChAPM module registration.
Exemptions no longer applicable once admitted.
Exemption fee per module, max 3 exemptions per candidate.
Candidates must maintain active NAMLIFA membership.