Image
Image

A golden opportunity towards achieving Professional Insurance qualifications!

 

MNRB SCHOLARSHIP FUND

2022/2023 (Batch 12)

in collaboration with

THE MALAYSIAN INSURANCE INSTITUTE

MNRB Holdings Berhad in collaboration with The Malaysian Insurance Institute (MII) invites qualified staff of insurance companies in Malaysia to apply for the MNRB SCHOLARSHIP FUND. Through this scholarship, shortlisted candidates can pursue MII’s Professional Qualification Programmes, i.e ASSOCIATESHIP OF THE MALAYSIAN INSURANCE INSTITUTE (AMII) Level 1 & 2. This scholarship is also open to brokers, adjusters, and Insurance Associations. MNRB Holdings Berhad established the MNRB SCHOLARSHIP FUND. MNRB Holdings Berhad is a company listed on the Main Board of Bursa Malaysia and is a subsidiary of Permodalan Nasional Berhad (PNB).

 ASSOCIATESHIP OF THE MALAYSIAN INSURANCE INSTITUTE (AMII) – Level 1
 ASSOCIATESHIP OF THE MALAYSIAN INSURANCE INSTITUTE (AMII) – Level 2
Image

MNRB SCHOLARSHIP CRITERIA

  • The scholarship is open to qualified staff in the insurance industry in Malaysia including Brokers, Adjusters and from Insurance Associations.
  • The scholarship for AMII Level 1 and AMII level 2 are open to new students and fulfil the following minimum entry requirement.

MINIMUM ENTRY REQUIREMENT TO AMII LEVEL 1

  • Passed STPM/A-Level or higher qualification which is recognized by the Malaysian Government or from a recognised Professional Body; or
  • Passed the Certificate of the Malaysian Insurance Institute (CMII); or
  • Passed Certificate in Insurance from The Chartered Insurance Institute (CII), United Kingdom (must be certified true copy)

ENTRY REQUIREMENT TO AMII LEVEL 2

  • Obtained AMII Level 1
Note:
(a) Students with a recognised qualification in the relevant field will be given credit exemptions based on past results and portfolio review (where applicable).
(b) Any other qualifications will be considered on a case-to-case basis.
(c) MII’s selection committee reserves the right to accept or reject any application.
Image
Image

SCHOLARSHIP COVERAGE

  • The proposed scholarship will cover the following:
    • 50% of programme fee which includes tuition fee or exemption fee (if exemption application is approved), examination fee and study text;
    • Full fee of a one-time student registration fee;
    • Full fee of a one-time MII membership joining fee; and
    • Full MII annual membership fee
Note: The remaining 50% of the programme fee is to be borne by the student or the employer of the student.


  • The total programme fee for year 2022/2023 is estimated at:
    • AMII Level 1 – RM5,250 per student for 6 subjects
    • AMII level 2 – RM8,480 per student for 8 subjects

ABOUT THE AMII LEVEL1 AND LEVEL 2

  • The Associateship of The Malaysian Insurance Institute (AMII) is an exclusive professional qualification programme tailored to the needs of the insurance industry and industry professionals.
  • This qualification is viewed as a preferred requirement for career progression and leadership positions within the insurance industry.
  • The AMII is the only accredited professional programme customised for the local insurance industry and is the favoured programme by insurance companies and professionals in the ASEAN region.
  • This qualification programme provides individuals with the necessary technical knowledge and practical skills at an operational level, as well as equip those who are looking to build a career in a technical, supervisory or managerial role.
  • Graduates of the AMII programme obtains a comprehensive understanding of insurance and reinsurance management principles that are essential for every industry professional’s scope of responsibilities.
  • The AMII post-nominal designation is valued as a national standard of excellence for insurance professionals and recognized as the insurance industry’s advanced professional qualification by international institutes such as the Chartered Insurance Institute (CII) and the Australian and New Zealand Institute of Insurance and Finance (ANZIIF).

For full details of the AMII programme, click on the brochure image below:

Image
Image

ACCREDITATION AND RECOGNITION

  • AMII is accredited by The Finance Accreditation Agency (FAA).
  • AMII is recognised by the Chartered Insurance Institute (CII), UK whereby a student is able to obtain a maximum of 210 credits from AMII to be applied towards the CII qualification (depending on the terms and conditions of the CII qualification framework).
  • AMII is also recognised by The Australian New Zealand Institute of Insurance and Finance (ANZIIF). AMII graduates who have:
    • completed the Associateship of Malaysian Insurance Institute Level 1 is eligible to apply for the ANZIIF Associate membership.
    • completed the Associateship of Malaysian Insurance Institute Level 2 is eligible to apply for the ANZIIF Senior Associate membership.
    • attained the Fellowship of Malaysian Insurance Institute and have been an ANZIIF CIP member for two consecutive years will be eligible to apply for the ANZIIF Fellow membership.

Syllabus and Assessment Structure

The AMII Level 1 and Level 2 programme constitutes an enhanced syllabus of local content and practices, as well as assessments that consists of coursework (assignment and tests – 40%), case studies and final examination (60%) that tests the application of both academic and on the-job experience.

Subject Exemption
  • Subject exemption may be awarded for prior learning (qualification related) by applying the exemption for the related subject(s) with the necessary supporting documents.
  • 3 credits per subject for AMII Level 1 and 4 credits per subject for AMII Level 2 may be awarded if it complies with the exemption requirements.


Completion Requirement

  • Students are required to complete AMII Level 1 (18 credits / 6 subjects) before enrolling to AMII Level 2.
  • Students are required to complete AMII Level 2 (32 credits / 8 subjects) to fulfil the AMII completion requirement.
  • Student must meet the completion eligibility criteria at the time of completion of the AMII
  • A total of 50 credits are required to complete AMII Level 1 and Level 2.


Class Intake:

  • February intake – Final Examination session in May
  • June intake - Final Examination session in September
  • October intake - Final Examination session in January
Image

Suggested AMII Level 1 and Level 2 Study Timeline:

Level Year 1 - 2022/2023 Year 2 - 2023 Remarks
Oct 2022 intake

Jan 2023 exam
Feb 2023 intake

May 2023 exam
June  2023 intake

Sept 2023 exam
Oct 2023 intake

Jan 2024 exam
Assumption:

Student passes every
exam session
AMII L1 2 subjects 2 subjects 2 subjects - Total 6 subjects completed
in 3 examination sessions
AMII L2 2 subjects 2 subjects 2 subjects 2 subjects Total 8 subjects completed
in 4 examination sessions

APPLICATION AND SELECTION PROCEDURES

  • Application for this scholarship must be approved by the CEO of the company.
  • Only short-listed candidates will be required to undergo an assessment and interview session with MII.
  • Short listed candidates will be notified via email.
  • Please download the application form from the MII website: MNRB Scholarship form

SUBMISSION OF APPLICATION FORM AND SUPPORTING DOCUMENTS

The duly completed application form with the relevant supporting documents must reach the address below not later than 17 July 2022.


The Malaysian Insurance Institute

Level 6, Bangunan AICB, No. 10 Jalan Dato’ Onn,

50480 Kuala Lumpur

 

Attention to: Chief Academic Officer

(MNRB Scholarship Application 2022)


For more information or assistance, contact our team members listed below:


Name of Staff Contact No Email Address
Ms Santhi +603 - 2712 8858 coursemgt@mii.org.my
Ms Azean +603 - 2712 8859
Mr Ashraff +603 - 2712 8860
Ms Parameswary +603 - 2712 8827
Ms Sapura +603 - 2712 8825
Ms Rosmaniwati +6012 - 675 3862

Contact Info

The Malaysian Insurance Institute 197701004772 (35445-H),
Level 6, Bangunan AICB,
No. 10 Jalan Dato’ Onn,
50480 Kuala Lumpur, Malaysia 

Tel : +603 2712 8882

Email : customercare@mii.org.my

Customer Service Virtual Office: Open from 10:00 a.m. to 12:00 p.m., Mon-Fri

Connect With Us

           
©2019 The Malaysian Insurance Institute. All Rights Reserved. Designed By MII

Search