The CM-LIP Exam applies all persons who wish to provide advice on and/or arrange life insurance policies (whether or not including investment-linked policies)

Exam Syllabus

Part I:
-Risk And Life Insurance
-Setting Life Insurance Premium
-Classification Of Life Insurance Products
-Traditional Life Insurance Product
-Riders (Or Supplementary benefits)
-Participating Life Insurance Policies
-Investment-Linked Life Insurance Policies (ILPs): Types, Features, Benefits And Risks
-Investment-Linked Sub-Funds7
-Investment-Linked Insurance Policies: Computational Aspects
-Annuities And Other Life Insurance Products
-Application And Underwriting
-Policy Services
-Life Insurance Claims
-The Insurance Contract
-Law Of Agency
-Income Tax And Life Insurance
-Insurance Nomination, Will And Trusts

Part II:
-Introduction To Structured Products
-Risk Considerations Of Structured Products
-Understanding Derivatives
-Introduction To ILPs
-Portfolio of Investments With An Insurance Element
-Case Studies

About the Exam

- 150 MCQs (computer-based)
- Duration: 3 hours
- Passing score: 70% for Part I, 70% for Part II
- Fee: $220 to $260 before taxes

There is no exemption for CM-LIP.

We strongly recommend candidates to take the 2 exams (M9 and M9A) separately instead of this combined exam as it is tougher to pass, and more expensive to retake.

Relevant Products

- 1498 unique practice (mock exam) questions in all Plans

- 13 Hrs of E-Learning tutorial or audio course content offered in Silver Plan or higher

A recommended study time of 95 hours is recommended to prepare for this exam.

Up to Date, Latest Edition

CMFAS Academy has always been the first in the industry to update its material and content to align to any change or update in the official exam syllabus. We are so confident with our content that we offer the Pass Guarantee.

Exam Prerequisites / Resitting

There is no prerequisite to take this exam. You may also retake it immediately and with no restriction as to the number of times you take it before you pass.

Certificate of Completion

CMFAS Certificate of Completion Sample

Obtain a Certificate of Completion for your learning efforts, even before you pass the exam! This is especially useful when you need to convince potential employers of your readiness for the job.

Pricing Information

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How to start preparing for this Exam:

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Official Study Guide and Booking of Exam Date

CMFAS Academy is a private institution offering online e-learning programs to help candidates pass the exams. The official administrator of the exams are Institute of Banking & Finance (IBF) and Singapore College of Insurance.

Candidates who are unsure which exam to take should check with the compliance department of the company. To book for the exam, please register online through the official websites of IBF or SCI.

For more info on the exams, please read up this article: Everything About CMFAS/CACS/FMRP/RES Exams


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