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Fundamentals of Life Insurance and Retirement Savings

An HRCI Pre-Approved Training Course

Fundamentals of Life Insurance and Retirement Savings

Protect and Empower the Financial Capacity of People

HRCI NASBA
Classroom Schedule
Date Venue Fees
13 - 17 Jul 2026 London $ 5,950
27 - 31 Jul 2026 Dubai $ 5,950
23 - 27 Nov 2026 Dubai $ 5,950

Course Summary

This GLOMACS Fundamentals of Life Insurance and Retirement Savings training course provides the appropriate techniques to offer each participant the knowledge and skills needed for more productive work and to suggest the necessary adjustments required in behavior, towards greater efficiency. Private Life Insurance applications extend to our lives, our health, our debt protection, and our future. They can deal with hazards that threaten our beloved ones and our wealth, stemming from unforeseen situations such as an accident, or a dread disease, financial uncertainties, and many more. Private Life Insurance seems to be appropriate to care for our retirement years, and even more so in the current downturn of the Social Security systems to meet our desires and our needs for a retirement life with financial stability.

Life Insurance is a global market controlled by a strong framework and constrained by a tight economic environment. Life insurance is used as the means of people to achieve financial stability throughout their lives. Central to this work are modern techniques used to determine the insurance needs to be filled and to select the best and unique solution for the benefit of each insured person. Through the commonly used Financial Planning Process, Insurers can help people set and implement their financial goals.

This GLOMACS training course will highlight:

  • The Basics and Laws governing the Insurance Market
  • How Underwriting and Claims Procedures are operating in Life Insurance
  • An examination of Life Insurance Needs and the Financial and Insurance Planning Process
  • Principles of Life Protection products including the Accident and Health Products
  • An analysis of the investment products
  • How the Private Pension products on the three pillars of Retirement Planning work
  • The Retirement Savings Options?
Course Outline
Day 1

Fundamentals of Life Insurance 

  • The Definition and Objectives of Insurance
  • The Principle of Insurable Interest as Applied to Life Insurance
  • Utmost Good Faith and the Duty to Disclose
  • Actuarial Principles - How is the premium calculated?
  • Life Insurance Underwriting Procedures
  • Life Insurance Claims
  • Life Distribution Channels and Roles
Day 2

Identifying and Materializing Life Insurance Needs 

  • Personal Protection Needs of Life insurance – The Unforeseen Needs
    • Early Death
    • Permanent Disability
    • Medical Care
  • Personal Requirements for Systematic Savings – The Predictable Needs
  • Professional Insurance Needs – Protecting the Stakeholders’ Shares
    • Keyman Replacement
  • Identifying Financial Needs - Collection of Information Questionnaire
  • Financial Planning - The Disposable Income
  • The Financial and Insurance Planning Process
Day 3

Main and Supplementary Personal Insurance Products 

  • Term Insurance Types and Uses
    • Lump-sum and Family Income
  • Traditional Whole-life insurance Policies
  • Supplementary Benefits of Life Insurance
    • Waiver and Disability
    • Critical Illness
    • Long Term Care
  • The Personal Accident Plan
  • Medical Expenses and Health Insurance
    • Benefits and Exclusions
  • The Loss of Income Rider
Day 4

Unit-Linked Investment Policies – Pension Plans

  • Savings and Investment Products
    • Endowment Policies
  • Investment Products – Unit-linked and Universal Policies
    • Investment Funds
    • Bid and Offer Pricing
  • Private Pension Products – Life after Retirement
  • Group Life Insurance Master Plans
  • Group Professional Pension Products
    • The Management Committee
Day 5

Retirement Savings Options – Funds and Annuities

  • Sources of Income in Retirement – Surrendering Cash Value
  • The Investment Pyramid
  • Duration of Pension
    • The Level of Capital Needed
    • Solutions to the Interest Rate Level
    • Time and Exit Principle (Liquidity)
  • Annuities
    • The Principle of Whole-life Pension
  • The Principle of Whole-life Pension
    • Whole-life Ways of Distributing Capital Gains
Certificates
  • On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates. Continuing Professional Education credits (CPE): In accordance with the standards of the National Registry of CPE Sponsors, one CPE credit is granted per 50 minutes of attendance.
  • The certificate will also have HR Certification Institute (HRCI) reference and the learning hours awarded shall be used toward HRCI re-certification credit(s).
Providers and Associations

Endorsed Education Provider

HRCI
KHDA
NASBA

In Association With

Options & Brochure
Related Certificates
HRCI

Why Choose Saudi GLOMACS?

Saudi GLOMACS is the official Saudi Arabian division of GLOMACS International (glomacs.com), delivering internationally recognised training courses both within Saudi Arabia and across international locations. Our training courses are aligned with the highest professional and institutional standards, supported by a strong understanding of the professional landscape in Saudi Arabia and access to global expertise.

Saudi GLOMACS enables professionals and organisations to strengthen leadership, capability, and long-term excellence through consistently high-quality learning experiences.

Official Saudi Presence

Official Saudi Arabian division of GLOMACS with established global credibility.

International Benchmarks

Internationally benchmarked training courses aligned with professional best practices.

Trusted Across Sectors

Trusted by professionals and institutions across public and private sectors.

Flexible Delivery

Training courses delivered within Saudi Arabia and across international locations.

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Frequently Asked Question

No. Saudi GLOMACS delivers courses in Saudi Arabia and internationally, including delivery across Europe and Asia. This allows organisations and professionals to access training both locally and abroad.

No. While governance and leadership are part of the portfolio, Saudi GLOMACS delivers training across the entire business and professional lifecycle, including administrative, technical, legal, regulatory, and sector-specific training.

No. Our training courses are delivered globally through international locations and online platforms, enabling participants from Saudi Arabia and around the world to learn together. This global delivery approach ensures exposure to diverse perspectives, international best practices, and cross-cultural insights while maintaining strong relevance to regional and organisational needs.

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Yes. Saudi GLOMACS designs and delivers bespoke in-house training tailored to organisational objectives, sector requirements, and workforce needs. Training can be delivered in Saudi Arabia or internationally, depending on requirements.

Yes, in-house and customised strategy training courses are available to support organisations seeking tailored strategic capability development. These courses can be aligned with your industry context, organisational challenges, and long-term strategic objectives.

For further details or to discuss customisation requirements, you may call or WhatsApp +966 (54) 286 8546 or email [email protected] . You can also submit a detailed enquiry through our in-house training page at: https://sa.glomacs.com/in-house-seminars

If you would like further information about these training courses, our team is available to provide professional guidance and support. We are pleased to assist with course selection, the registration process, and any other related enquiries.

For personalised assistance or detailed enquiries, please contact our team on +966 (54) 286 8546 or email us at [email protected]

Courses delivered in Saudi Arabia are adapted to reflect local regulatory frameworks, organisational structures, sector conditions, and professional expectations. This ensures training is relevant, practical, and aligned with Saudi workplace realities.

GLOMACS has been delivering professional training for over thirty years, with courses delivered across Europe, the Middle East, Asia, and other international markets.

Saudi GLOMACS combines three decades of global training experience with a clear focus on Saudi market relevance. This allows it to deliver training that is both internationally credible and locally applicable, across a broader range of disciplines than niche or single-focus providers.

Saudi GLOMACS is a Saudi-based professional training provider delivering courses tailored to the Saudi market and applicable internationally. It operates within the global GLOMACS framework and draws on more than three decades of international training experience.

Saudi GLOMACS offers professional training across a wide range of disciplines, including administration, leadership and management, governance and regulation, law, oil and gas, energy, engineering, finance, digital technologies, and sector-specific specialisations.

Training supports professionals across all career stages, from operational roles to specialist and senior responsibilities.

Participants include professionals from public sector, semi-government, and private sector organisations, across a wide range of roles and industries. Attendees range from administrative and operational professionals to technical specialists, managers, and senior decision-makers.

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