Be A CWA Consultant

Be A CWA Consultant

1. What are the basic requirements to become a CWA Consultant?

Investment Planning

Minimum 21 years of age.
You must possess the minimum qualification of Grade 3 SPM and obtain credit either in Bahasa Malaysia, English or Mandarin and Mathematics OR diploma/degree from any recognised college or university.
Be enrolled by CWA agency supervisor, manager or group agency manager.
You must pass in the FiMM (Federation of Investment Managers Malaysia) examination.

Protection Planning

Minimum qualification of Grade 3 SPM and obtain credit either in Bahasa Malaysia, English or Mandarin and Mathematics OR diploma/degree from any recognised college or university.
You must be an active CWA Consultant.
You must pass the PCEIA (Pre contract Examination for Insurance Agents) examination conducted by MII ( Malaysia Insurance Institute).

Islamic Estate Planning (IEP)

You must be an active CWA Consultant.
You must pass and obtain the Islamic Estate Planning (IEP) Certification from As-Salihin Trustee Berhad.

2. What are the fees incurred?

Investment Planning

Total Fees = RM288

Protection Planning

Total Fees = RM85

Islamic Estate Planning (IEP)

Total Fees = RM320

3. Is the FiMM / PCEIA / IEP examination compulsory?

Investment Planning
Yes, it is compulsory. Every registered consultant has to be qualified with FiMM in order to sell unit trusts.

Protection Planning
Yes, it is compulsory. Every registered consultant wishing to also sell insurance has to hold a PCEIA licence.

Islamic Estate Planning (IEP)
Yes, it is compulsory. Only a registered consultant with an IEP licence is allowed to sell wasiat.

4. What if the candidate failed the exam?

Investment Planning
The candidate will have to re-sit for the examinations and re-submit the FiMM (Application Form 6.2b) with additional charge of RM170.

Protection Planning
The candidate will have to re-sit for the examination and pay an additional RM35.

Islamic Estate Planning (IEP)
The candidate has to register again for the course and re-sit the examination.

5. How many times is a person allowed to re-sit for the exam?

There is no limit to the number of times for a candidate to re-sit for all the Investment Planning, Protection Planning and Islamic Estate Planning examinations.

6. What will happen if the applicant is unable to sit for the examination?

The candidate will have to re-apply or re-register to sit for the next examination period with the following fees:

FiMM – RM170
PCEIA – RM35
IEP – RM320

7. What sort of assistance does CWA provide to help a candidate with their examination?

Investment Planning
Comprehensive sales kits consists of tutorial materials for fundamental courses.

Protection Planning
CWE CD provides a basic understanding of insurance as well as a self-assessment aid.

Islamic Estate Planning (IEP)
2-day training course conducted by as-Salihin Trustee trainers and training materials.

8. When will CWA provide the candidate with a Consultant code?

Investment Planning
2 weeks from obtaining examination results from FiMM.

Protection Planning
2 weeks from obtaining examination results from PCE.

Islamic Estate Planning (IEP)
Consultants can utilise their existing agent code to submit IEP cases.

9. How soon can the candidate get his/her FiMM / PCEIA / IEP card?

Investment Planning
Within 1 month after passing the examinations.

Protection Planning
Within 1 month after passing the examinations.

Islamic Estate Planning (IEP)
Within 2 weeks after passing the examinations.