PROGRAMME INFORMATION

1. Under "Work and Learn Programme" – Insurance Industry ("WLP"), a successful applicant ("Student-worker") will be offered a job placement of middle or back office at a participating company ("Employer", i.e. an insurance company or professional intermediary company) for 16-month ("the period"). During the period, a Student-worker will generally work four days in the participating company and attend classes at Vocational Training Council ("VTC") one day a week.

2. Our targets are to conduct WLP and to invite application three times a year, i.e. every March, July and November, throughout 2016/17 to 2018/19, to recruit around 15 Student-workers per intake. Any adjustments to the quota will be separately announced.

• General Applicants

3. A general applicant shall make this application only if he/she is a resident of the Hong Kong Special Administrative Region and lawfully employable in Hong Kong, and attained the following academic qualifications and/or work experience:

   1. Bachelor Degree holder, or

   2. Higher Diploma holder with more than one year work experience, provided that experienced candidates with insurance background who do not meet the academic requirements, i.e. being a degree holder or a higher diploma holder will also be considered on a case by case basis.

       

• Company Referral Applicants

4. WLP also accepts application of existing practitioners in the insurance industry referred by his/her employers, and application form for student-workers and companies should be submitted together by the employer, provided that:

   1. Company referral applicant fulfilled the academic requirements of WLP listed in paragraph 3 above; and

   2. Company referral applicant served the current company for not more than two years; and

   3. The current employer of the company referral applicant has also joined WLP as a participating company.

5. The approval of company referral applicants will take into account factors such as the number of applications in each intake and applicants' work experience and background, etc.

6. Applicants are required to submit application form together with curriculum vitae, cover letter(s) and copies of all academic transcripts/employment references (applicable to general applicants), or current employment contract (applicable to company referral applicants) to VTC before the application deadline. Applicants may also be required to attend job interview(s) arranged by the Employer(s) (not applicable to company referral applicants) and/or academic admission interview(s) conducted by VTC. Employer may select an applicant based on their academic attainment, work experience (if applicable), as well as interview performance.

7. The job placement is divided into two streams, namely the Young Insurance Executive (YIE) Stream and the Professional Brokerage Stream, to reflect its nature of work. The job placement information is available at www.instalent.org.hk Applicants should read the job placement information carefully and indicate job preferences in the application form (not applicable to company referral applicants). Student-worker will be offered a job placement and will enter into an employment contract with at least 16-month duration with an Employer.

8. A Student-worker will be enrolled into the Professional Diploma in Insurance ("PDI") programme offering by Institute of Professional Education And Knowledge ("PEAK") of VTC and shall attend classes one-day per week according to the schedule provided by VTC. Each student-worker is required to study 8 modules during the period (2 modules per trimester) and each module consists of 30 lecture hours. A student-worker should attain at least 70% attendance rate and pass in each module in order to award with a certificate of Professional Diploma in Insurance.

9. The modules under the PDI programme are as follows:

    

   Core Modules
   Insurance Organization Operations
   Insurance Principle and Practice*
   Insurance Underwriting and Claims
   Elective Modules (Student-worker should choose Elective Modules based on Employer's preference)
   General Insurance Modules:	Life Insurance Modules:
   Property Insurance	Personal Investment and Financial Services (or Financial Planning)
   Legal Aspect of General Insurance# (or Legal Framework for Insurance Contract#)	Life and Health Insurance
   Liability Insurance	Life Insurance Underwriting and Claims
   Marine and Aviation Insurance	Legal Aspect of Life Insurance# (or Legal Framework for Insurance Contract#)
   Motor Insurance	Business Financial Planning

    
   Remarks:
   The 8 modules should consist of one core module marked with * and one legal module marked with #.

    

10. The PDI programme for November 2018 intake will commence on 2 November 2018. In the 1^st trimester, student-worker will be required to study 2 modules (subject to change upon the final arrangement by PEAK) as follows:

    	Module Name	Class Schedule	Date of Examination
    Two elective modules	Motor Insurance   or    Business Financial Planning	Every Friday, 9:30am – 12:30pm (from 2 November 2018 to 11 January 2019)	Motor Insurance: 28 January 2019   or   Business Financial Planning: 31 January 2019
    	Legal Aspect of Life Insurance or   Marine and Aviation Insurance	Every Friday, 2:00pm – 5:00pm (from 2 November 2018 to 11 January 2019)	Legal Aspect of Life Insurance: 25 January 2019   or   Marine and Aviation Insurance: 1 February 2019

11. The PDI programme will be taught in English and supplemented with Cantonese where necessary; and assessment is in English, normally including a written assignment (30%) and a written examination (70%). Student-worker must obtain a minimum of 40% in both assignment and the examination for a pass in a module.

12. During the initial 16-month employment¹, a Student-worker will be entitled to the following remuneration/sponsorship from the Employer:

    1. Monthly remuneration of no less than $10,000; and

    2. PDI tuition fee sponsorship² by Emplouer (a total of 8 modules)

     

13. If a Student-worker fulfils all criteria below, he/she will also be entitled to a monthly Government allowance of $2,500 (to be disbursed every four months during the initial 16-month employment):

    1. Obtains 70% or above attendance rate in class at VTC or at the Employer's workplace every month; and

    2. Passes in PDI modules; and

    3. Performs satisfactorily at workplace.³

     

14. For Student-worker who entered into an employment contract that exceeds 16-month period, upon completion of the initial 16-month employment, the Student-worker will be entitled to an annual remuneration of no less than $150,000 ⁴ starting from the 17^th month of employment for one year. Should a Student-worker complete a 16-month employment contract and enter into a new employment contract to become a full-time employee of the Employer, the same adjustment on annual remuneration applies during the first year of the full-time employment.

15. A Student-worker who has successfully completed 8 modules and passed the relevant assessment of the PDI programme will be awarded with the Professional Diploma in Insurance, an academic qualification which is recognised under the Qualifications Framework at Level 4⁵.

16. Upon PDI programme completion, a Student-worker will also be eligible for application for the Australian and New Zealand Institute of Insurance and Finance (ANZIIF) Senior Associate Membership and be4 awarded up to a maximum of 120 credits for Chartered Insurance Institute (CII) insurance qualification.

17. To broaden Student-workers' horizon and to enable them to gain international perspective as well as understanding of the global insurance market, the Government will offer sponsorship for a maximum of 10 places per year from 2017/18 to 2019/20 to top performing Student-workers for a two-week intensive immersion programme in overseas insurance institutions. VTC would assess Student-workers based on their performance at workplace and at class.

18. At present, there are 160 authorized insurers, with 65% of the world's top 20 insurers conducting business in Hong Kong. Our insurance industry has experienced continued growth in the past five years, with an average annual growth of 14.8%. The total gross premiums of Hong Kong insurance industry amounting to HK$132.5 billion in first quarter of 2018, offering a promising career and plenty of opportunities for career advancement. Student-worker may develop a career through the below pathway:
    

19. Please download the application form at www.instalent.org.hk The completed application form together with supporting documents should be submitted to VTC by post or email no later than 5:00 pm, 14 September 2018:

    Secretariat of the Pilot Programme to Enhance Talent Training for the Insurance Sector

    9/F, VTC Tower, 27 Wood Road, Wanchai, Hong Kong

    Email: instalent@vtc.edu.hk

     

20. If a black rainstorm warning signal or tropical cyclone signal No. 8 or above is hoisted between 9:00 am and 12:00 noon on the above deadline, the deadline will be extended to 12:00 noon on the following working day, i.e. 17 September 2018.

21. Enquiries about WLP should be made to:

    Secretariat of the Pilot Programme to Enhance Talent Training for the Insurance Sector

     

    Tel ：	3669 3974
    Email︰	instalent@vtc.edu.hk
    Website︰	www.instalent.org.hk