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🇸🇬 Financial Planning & Wealth
CMFAS M9 Life Insurance and Investment-Linked Policies Exam Preparation
Prepare for the SCI-administered CMFAS M9 examination with focused coverage of life-insurance principles, traditional and investment-linked policies, underwriting, claims, contracts, tax and nominations.
400 Unique Questions · 5 Mocks × 100 Detailed Study Notes Realistic mock exams
Course syllabus information reviewed for 2026. Always check the awarding body’s latest official syllabus and candidate updates before booking or sitting your exam.
Exactly what is included
- 5 mock exams × 100 questions · 400 unique questions · 500 total question slots · unlimited retakes
- Focus Learn · key areas, pitfalls, exam traps & key numbers
- Flashcards · fun, fast and effective recall
- Exam cheat sheet · key facts, rules and numbers by chapter
- Audio Learning · every chapter in audio
- AI Analyzer & Mentor · pinpoints your weak areas
- Study Mode Exams · learn while you train
- AI Chat trained specifically for this exam
- Community-polished data, improved every day
- Up-to-date, accuracy-checked content
AI Audio Summaries New
Listen to course modules on the go. Perfect for studying while driving or commuting.
🎧 Audio
* This is a chapter sample. All audio is available in the full version.
Syllabus
Module 1: Risk And Life Insurance
🎧 Audio
Risk, insurability, personal risks, insurance principles, market structure and relevant organisations.
- • Pure and speculative risk
- • Utmost good faith and insurable interest
- • Singapore insurance-market structure
Module 2: Setting Life Insurance Premium
Mortality, morbidity, investment income, expenses and individual premium factors.
- • Pricing assumptions
- • Risk and policy factors
- • Payment frequency and mode
Module 3: Classification Of Life Insurance Products
Statutory funds, product types, premium patterns, ownership and group-life structures.
- • Participating, non-participating and ILP funds
- • Product and premium classifications
- • Individual and group ownership
Module 4: Traditional Life Insurance Products
Term, whole-life and endowment policies, contractual options, suitability and disclosure.
- • Term-insurance options
- • Whole-life cash values
- • Endowment maturity benefits
Module 5: Riders (Or Supplementary Benefits)
Premium waiver, disability, critical illness, payor, accident, hospital and insurability riders.
- • Benefit triggers
- • Rider exclusions and termination
- • Accident and hospital benefits
Module 6: Participating Life Insurance Policies
Guaranteed and non-guaranteed benefits, bonuses, disclosure and participating-fund governance.
- • Bonus types
- • Smoothing and reserving
- • Point-of-sale and annual disclosure
Module 7: Investment-linked Life Insurance Policies (ILPs): Types, Features, Benefits And Risks
ILP structures, pricing, charges, protection, returns, benefits, risks and unit-trust comparison.
- • Premium allocation and unit pricing
- • Protection and insurance charges
- • ILP benefits and risks
Module 8: Investment-linked Sub-Funds
Sub-fund structures, fund types, investment policies, switching and monitoring.
- • Mother, feeder and mirror funds
- • Asset-class fund types
- • Switching and review
Module 9: Investment-linked Life Insurance Policies: Computational Aspects
Growth, death benefits, allocation, mortality charges, units, withdrawals, surrender and returns.
- • Timeline and growth
- • DB3 and DB4 methods
- • Unit and benefit calculations
Module 10: Annuities And Other Life Insurance Products
CPF LIFE, immediate and deferred annuities, payout variations and other life products.
- • Annuity timing
- • Payout and survivor options
- • Guaranteed income and universal life
Module 11: Application And Underwriting
Proposal forms, underwriting factors, evidence, decisions, risk commencement and group underwriting.
- • Proposal-form purpose
- • Medical and other evidence
- • Individual and group underwriting
Module 12: Policy Services
Premiums, receipts, alterations, assignment, loans, lapse, reinstatement, surrender and bankruptcy.
- • Policy alterations
- • Assignments and loans
- • Lapse, reinstatement and surrender
Module 13: Life Insurance Claims
Proper claimants, payment without probate, claim types and adviser support.
- • Claimant authority
- • Death and living-benefit claims
- • Claims documents and process
Module 14: The Insurance Contract
Contract elements, disclosure, representations, breach, waiver, estoppel and vitiating factors.
- • Formation and capacity
- • Disclosure and misrepresentation
- • Policy provisions and remedies
Module 15: Law Of Agency
Agency creation, duties, rights, authority, ratification and termination.
- • Agent and principal duties
- • Actual and apparent authority
- • Ratification and termination
Module 16: Income Tax And Life Insurance
Taxable, statutory, assessable and chargeable income, reliefs, rebates and SRS treatment.
- • Income sequence
- • Personal reliefs and rebates
- • SRS contributions and withdrawals
Module 17: Insurance Nomination, Wills And Trusts
Nomination types, forms, priority, wills, probate, trusts and intestate distribution.
- • Trust and revocable nominations
- • Wills and probate
- • Trusts and intestacy
Interactive preview
Free CMFAS M9 – Life Insurance and Investment-Linked Policies Practice Questions & Exam Preview
Try 15 CMFAS M9 – Life Insurance and Investment-Linked Policies practice questions from Life Insurance Principles and Products
Practice CMFAS M9 – Life Insurance and Investment-Linked Policies exam questions with answers and explanations. The full course includes 5 mock exams and complete syllabus coverage.
Exam Preview
Life Insurance Principles and Products
Which CMFAS M9 term precisely matches this definition? A person of legal age, without mental or other incapacity, is legally competent to enter into a contract. Such a person is said to have contractual capacity.
1 / 15
Flashcards
Card 1 of 10Chapter 1
Question
How does M9 define or explain Risk?
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Focus Learn
- Risk
- Speculative risk
- Pure risk
- Requirements of insurable risks
- Dealing with risk • Avoiding the risk
- Dealing with risk • Controlling the risk
- Dealing with risk • Retaining the risk
- Dealing with risk • Transferring the risk
- Personal risks that can be insured
- Life insurance policy
Chapter 1: Risk And Life Insurance
Risk is the starting point for life insurance. Separate speculative risk, which can produce gain, loss or no change, from pure risk, which can produce loss or no loss. Only pure risk can be insured when the loss is financially significant, accidental, definite, measurable, non-catastrophic to the insurer and supported by a sufficiently large pool. Risk can be avoided, controlled, retained or transferred; insurance is a transfer mechanism supported by pooling and the law of large numbers.
Keep the parties distinct. The applicant proposes the contract, the policy owner owns it, the life insured is the person whose life triggers the benefit and the beneficiary is named to receive the benefit. A third-party policy exists when one person owns insurance on another life. Physical hazard concerns…
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Preparation Package at a Glance
| Feature | Exams Academy | Details |
|---|---|---|
| Access Period | Lifetime Access | One-time enrollment with no recurring fee |
| Practice Exams | Unlimited Retakes | Five full-length 100-question mock exams |
| Study Support | Instant 24/7 AI Tutor | Self-service AI support; live instructor support is not included |
| Cost | $151 (One-Time) | One-time payment with no recurring subscription |
Frequently Asked Questions
M9 is a 120-minute, English-medium closed-book computer-screen examination containing 100 multiple-choice questions.
The official passing grade is 70%. A correct answer earns one mark, with no mark awarded or deducted for a wrong or blank answer.
The Singapore College of Insurance administers M9 within the CMFAS examination framework.
M9 covers life-insurance principles, traditional and participating policies, riders, ILPs and sub-funds, calculations, annuities, underwriting, policy services, claims, contracts, agency, income tax, nominations, wills and trusts.
No. SCI does not publish M9 chapter weights on its public exam page. The course uses a documented practice allocation so all 17 chapters are represented.
SCI states that candidates receive a result slip and that no official certificate is issued. The Exams Academy completion certificate records completion of this independent preparation course only.
No. Exams Academy is an independent education provider and is not affiliated with or endorsed by SCI or MAS.
You receive lifetime access to the current course content with no recurring subscription fee.
Yes! Test your knowledge and review detailed explanations with the free CMFAS M9 – Life Insurance and Investment-Linked Policies Mock Exam Preview below. It contains 15 exam-style questions from one named topic; the full course provides complete mock exams and syllabus coverage.
No. CMFAS M9 is administered by SCI and covers life-insurance principles, traditional and investment-linked policies, underwriting, claims, contracts, tax and nominations. Singapore competence requirements are role-specific, so the employing financial institution should confirm whether M9 and any other CMFAS modules apply to the intended representative activity.
Use the official SCI M9 page and SCI registration channel for the current examination schedule, eligibility, fees and booking instructions.
Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official SCI examination fee and official study material are separate and are paid through the applicable SCI channel.
Key Benefits
Five Full-Length M9 Mock Exams
Practise the official 100-question format under a 120-minute timer with the 70% pass grade applied.
- ✓ 400 distinct questions across Mocks 1-4.
- ✓ Mock 5 mixes 25 questions from each authored paper.
- ✓ Coverage across all 17 official chapters.
M9-Grounded AI Tutor
Clarify insurance principles, policy structures, calculations and legal distinctions inside the learning platform.
- ✓ Traditional, participating and investment-linked policies.
- ✓ Underwriting, policy service and claims.
- ✓ Contracts, agency, tax, nominations, wills and trusts.
Active-Recall Study Tools
Move directly between 190 flashcards and a 447-item searchable reference sheet.
- ✓ Recall coverage across all 17 chapters.
- ✓ Dedicated number and statutory recall.
- ✓ Specific exam traps and close distinctions.
Detailed Chapter Summaries
Study policy features, benefit triggers, calculations and legal effects without unnecessary filler.
- ✓ Life-insurance foundations and product design.
- ✓ ILP features, sub-funds and computations.
- ✓ Applications, claims, contracts and estate arrangements.
Exam Format & Details
| Assessment | 100 multiple-choice questions in an English-medium, closed-book computer-screen examination |
| Duration | 120 Minutes |
| Standard Pass Mark | 70% |
Prepare for CMFAS M9 Life Insurance and Investment-Linked Policies
M9 tests life-insurance principles, premium setting, product classification, traditional and participating policies, riders, investment-linked policies and sub-funds, calculations, annuities, underwriting, policy servicing, claims, contracts, agency, income tax, nominations, wills and trusts.
This course turns the 17-chapter scope into 17 detailed summaries, 190 active-recall flashcards, a 447-item searchable reference sheet, five timed 100-question mock exams and an AI tutor grounded in the M9 study material.
Practise the official examination format
The official SCI-administered M9 examination contains 100 multiple-choice questions, lasts 120 minutes and requires 70% to pass. Each mock follows those constants. SCI does not publish chapter weights on the public M9 page, so the course uses a documented practice allocation that gives every chapter coverage without presenting it as an official weighting.
Who Is This For?
✓ Candidates preparing for the SCI-administered CMFAS M9 examination
✓ Representatives intending to advise on or arrange life-insurance policies in Singapore
✓ Financial-advisory and insurance staff strengthening product, underwriting and claims knowledge
✓ Candidates who want full-length timed practice across all 17 M9 chapters
Preparation centre
CMFAS M9 – Life Insurance and Investment-Linked Policies Exam Guides
Use these connected guides for the syllabus, exam format, booking and revision strategy.
🇸🇬 Local market guide
CMFAS M9 – Life Insurance and Investment-Linked Policies in Singapore: pathway, booking and careers
Review the M9 pathway, official booking route and Singapore career context before paying the examination fee.
Regulator and qualification pathway
CMFAS M9 is administered by SCI and covers life-insurance principles, traditional and investment-linked policies, underwriting, claims, contracts, tax and nominations. Singapore competence requirements are role-specific, so the employing financial institution should confirm whether M9 and any other CMFAS modules apply to the intended representative activity.
Monetary Authority of Singapore and Singapore College of InsuranceBooking and official examination
Use the official SCI M9 page and SCI registration channel for the current examination schedule, eligibility, fees and booking instructions.
View official SCI M9 detailsCareer and employer context
M9 is relevant to financial-advisory, life-insurance, wealth, underwriting, claims and compliance roles. The employer determines the exact module combination required for the regulated activity.
Price and currency
Exams Academy checkout is in US dollars and the card provider converts the charge to SGD. The official SCI examination fee and official study material are separate and are paid through the applicable SCI channel.
Market-specific reading
Understand the pathway before booking
Ready to Pass Your Exam?
Prepare for the SCI CMFAS M9 exam with structured study notes, active practice, flashcards and a course-grounded tutor.
CMFAS M9 – Life Insurance and Investment-Linked Policies
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