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Personal Finance Society
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The benchmark of learning for advisers across the global market place

This new single-unit Award is designed specifically for non-UK financial advisers and insurance agents working in the banking sector.

It provides a solid grounding in the relevant core financial, life assurance and insurance products, and offers guidance on what constitutes sound professional practice, thereby providing a framework for ethical behaviour.

What will I learn?

At the end of this unit, you should be able to demonstrate your knowledge and understanding in the following areas:

  • main elements of the financial services and insurance industry as it relates to the Bancassurance sector;
  • the main insurance products;
  • savings and investment products;
  • retirement planning products;
  • the importance of the client fact find and how to identify client needs;
  • what constitutes good client practice;
  • ethical considerations of a financial adviser.

Why the Award in Bancassurance?

  • Upon completion, CII members are eligible to use the designation 'CII (Award)'. Continuing Professional Development requirements apply.
  • Entry comes as a complete package for a single fee: study text, examination guide and examination sitting.
  • On passing the exam, you will hold one of the three Awards needed to complete the Certificate in Insurance and Financial Services.
  • Provides 15 Certificate-level credits towards completion of the CII's higher level qualifications (subject to completion requirements and excluding the Certificate in Insurance which is subject to UK regulation). 

Is the Award suitable for me?

The Award is open to anyone working in the insurance and financial services sector irrespective of educational background or experience.

The Award is particularly suitable for non-UK financial advisers and insurance agents working in the banking sector and operating in either a regulated or non-regulated environment.

Your next step

Upon completion, CII members are eligible to use the designation 'CII (Award)'. Continuing Professional Development requirements apply.

The Award also supports ongoing professional development as, on passing the exam, you will hold one of the three Awards needed to complete the Certificate in Insurance and Financial Services.

Enrol online here. Alternatively download the application form above or contact our Customer Service team on +44 (0)20 8989 8464 or email





CII qualifications involve the completion of one or more units, each covering an individually assessed topic. Assessment methods vary and depend on a unit's level and subject matter.

Assessment methods include:

  • Multiple-choice exams - the assessment method for Award, Certificate, and financial services 'R0' Diploma units assessed in the UK. Exams are delivered on-screen at a network of over 40 public centres across the UK. Sittings are available year-round, often on a weekly basis.
  • Written exams - the assessment method for some Diploma and Advanced Diploma units and all units examined outside the UK. Sittings are typically available twice-yearly in April and October at over 50 public centres throughout the UK and over 100 public centres outside the UK.
  • Coursework assessment - available for a select number of Advanced Diploma in Insurance units and the financial services unit (J09) Paraplanning, coursework assessment involves the completion of three written assignments during a 12 month period.
  • Mixed assessment - Initially introduced for unit (P92) Insurance business and finance, this has been extended to units (P05) Insurance law, (P80) Underwriting practice, (P81) Insurance broking practice and (P85) Claims practice from April 2015 and and will be extended to all Diploma in Insurance units by April 2018 (unit codes begin with the letter M). This involves the successful completion of both a coursework assignment and a multiple-choice exam. This has an 18 month enrolment period.
  • Dissertation assessment - available for the Advanced Diploma unit 991 London market insurance specialisation. This involves the submission of a dissertation proposal and an 11,000 word dissertation. This has an 18 month enrolment period. This unit should only be taken by those who have access to the necessary information and people in the London Market.

Find out more

It is essential that candidates familiarise themselves with the guidelines and instructions which are shown on the CII website under the relevant units. In addition candidates should familiarise themselves with the coursework and dissertation policies as well as exam policies (before the assessment) and notes to results (after the assessment).

Completion requirements

Studying for the Awards

The study text covers the exam syllabus in a straightforward and user-friendly format, and includes examples, key point summaries and self-test questions.

The exam guide, which will be available to download in early February, includes a specimen exam paper and hints and tips on how to pass.

As a guide, it is recommended that you allow a minimum of 60 hours' study (this will vary according to your experience and ability).

The exam

The exam itself takes the form of a two-hour paper consisting of 75 multiple choice questions, and is examined twice-yearly in April and October. The nominal pass mark is 70%. However, the actual pass mark may vary slightly from one session to another to ensure that the pass standard remains constant.

The complete package

Enrolment for a CII Award includes everything you need for a single fee: study text, examination guide and exam entry.

Important deadlines

There are two public exam sittings for the Award - April and October. Please note the following important dates.

. Apr 2017 exams Oct 2017 exams
Exam entry
Closing date for your exam entry and payment to reach the CII at normal fee

All units
22 Feb 17

All units
30 Aug 17
At late entry fee All units
17 Mar 17
All units
22 Sep 17
Exam entry confirmation*

Once entered for the exam:

  • an exam entry confirmation will be sent seven working days from receipt of application
  • an exam admission permit will be sent six weeks before the date of the exam.
Exam sittings 04 Apr 17 10 Oct 17
Exam results
released online** at and posted to candidates. Please allow 14 days to a non-UK address 
12 May 17 17 Nov 17
Entry for the next exam You do not have to wait for your results before entering for an exam in the next session

* Please contact Customer Service if you do not receive these, either by emailing or calling 020 8989 8464. When you receive your admission permit you MUST read it in full and check whether any change has been made in the date or times of the units for which you have entered and that the units shown on your permit are those that you intend to sit. If there is any discrepancy you should contact Customer Service immediately.

** To access your results online you will need to be logged in to the CII website using your CII Permanent Identity Number (PIN) and password.

Where next?

Certificate in Insurance and Financial Services

For those candidates outside the UK working in financial advice and insurance, or aspiring to work in both, the CII offers a dedicated study pathway which comprises existing Award qualifications and results in the completion of the Certificate in Insurance and Financial Services.

The Certificate offers a solid grounding across a broad range of areas and is awarded upon completion of three Awards from the following options:

  • Award in General Insurance;
  • Award in Customer Service in Insurance;
  • Award in Financial Planning or Award in Bancassurance;
  • Award in Investment Planning.

CII members are also eligible to use the designation 'Cert CII'. Continuing Professional Development requirements apply.

Recognition of prior learning

When you pass exams through the CII, the credits will automatically appear on your learning account, including for exams that you may have passed under discontinued CII qualification routes. You may also be able to receive credits for relevant qualifications you have passed through other awarding bodies - to do this you should submit an application for recognition of prior learning.

By claiming credits for qualifications you've attained outside the CII framework, you'll avoid duplicating learning already undertaken, in turn reducing the amount of study and obtaining your CII qualification more quickly. 

If you wish to claim credits to recognise non CII qualifications held, please see the accreditation section of this website, where you can read full guidance on the rules and requirements and download an application form.

Important note: To be awarded a CII qualification, and use any resultant membership designation, you must obtain, by CII examination, dissertation or coursework assessment, a pass in a unit from the qualification that you are looking to complete, and meet the qualification completion requirements. These rules apply irrespective of how many credits your existing qualifications might provide through recognition of prior learning. As a result, you will not gain permission to use the designation 'CII (Award)' if you pass the unit (AWB) Award in Bancassurance by recognition of prior learning.

Find out more about applying for recognition of prior learning »

Assessment information

It is important that candidates entering for a CII assessment familiarise themselves with our service, in particular the rules and procedures that are in place.


Award in Bancassurance

At the end of this unit, candidates will be able to demonstrate knowledge and understanding of:

  • the main elements of the financial services and insurance industry;
  • the main insurance products;
  • savings and investment products;
  • retirement planning products;
  • what constitutes good and ethical client practice.