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Packaged Commercial Insurances (IF8)

The default Enrolment option for this unit includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. This includes the study text, plus revision aids: Key Facts Booklet, Knowledge Checker, E-learn.

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of your Enrolment

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2025 edition (applicable to exams sat 01 January 2025 to 31 December 2025)

2026 edition (applicable to exams sat 01 January 2026 to 31 December 2026) **Available by 14 November 2025**

A new edition of the study text is usually available in October/November every year.

Printed study text

Choosing the ‘Digital and Print’ option will give you the latest edition of the printed study text (dated 2026 **Available by 14 November 2025**). You will incur postage and packaging charges, which will be added to your order at checkout.

If the next edition (dated 2027) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

The default Enrolment option for this unit includes:

(1) 12-month access to the latest study material, in digital format only, delivered on RevisionMate. This includes the study text, plus revision aids: Key Facts Booklet, Knowledge Checker, E-learn.

(2) Assessment entry – this includes an exam voucher that is valid for 18 months.

 

Access to digital study material as part of your Enrolment

You will have access to your digital study material on RevisionMate for 12 months from the date of purchase. If a new edition of the study material is released during this period, you will automatically receive access to the material on RevisionMate and will be notified via email.

Study material currently available on RevisionMate

2025 edition (applicable to exams sat 01 January 2025 to 31 December 2025)

2026 edition (applicable to exams sat 01 January 2026 to 31 December 2026) **Available by 14 November 2025**

A new edition of the study text is usually available in October/November every year.

Printed study text

Choosing the ‘Digital and Print’ option will give you the latest edition of the printed study text (dated 2026 **Available by 14 November 2025**). You will incur postage and packaging charges, which will be added to your order at checkout.

If the next edition (dated 2027) is released during your 12-month enrolment, you will automatically receive access to the digital copy on RevisionMate. You can contact Customer Service to also receive a printed study text.

Packaged Commercial Insurances (IF8) provides knowledge and understanding of the development and design of packaged commercial policies, scope of cover provided by the most common forms of packaged commercial policy; and arrangement and operation of packaged commercial insurance contracts. 

This unit gives an overview of the products, practices and procedures of packaged commercial insurance in the UK. It covers the range of insurances, types of losses, common extensions and exclusions and the channels small businesses use to access cover.

We look at information required for a proposal form, how this is used to calculate a premium and the legal and regulatory requirements surrounding the quotation process. We examine how rates and policy terms reflect the characteristics of packaged commercial policies, including the ways premiums are calculated.

We look at the legal significance of procedures relating to the issue of policies, the structure of a policy document, the operation of warranties and the consequences for the insured of breaching a policy warranty.

We examine administrative processes in the renewal process, regulatory requirements, the cancellation condition typically included and the regulatory rules relating to 'cooling off' periods.

Finally, we look at claims procedures, the responsibilities of both insurers and the insured and how claims are investigated and settled. 

Building a successful career in insurance

This course is relevant for anyone seeking to develop their knowledge and skills for a rewarding career in the insurance profession or in a support role.  Packaged Commercial Insurances (IF8) counts towards achieving the Certificate in Insurance. It may also count towards the Diploma in Insurance and the Advanced Diploma in Insurance.

Summary of learning outcomes 

  1. Understand the development of packaged commercial insurances
  2. Understand the basic features and scope of packaged commercial insurances and associated services
  3. Know how packaged commercial insurances are arranged
  4. Understand underwriting procedures and policy wordings for packaged commercial insurances
  5. Understand mid-term policy amendments, renewals and cancellation for packaged commercial insurances
  6. Understand claims procedures in relation to packaged commercial insurances

Assessment

  • 2 hour exam
  • 75 multiple choice questions
  • The standard pass mark is 70% (for more information on standard pass marks please see here)
  • The 2024 pass rate for this unit was 83.1%

Revision aids available 

The revision aids available for this unit are listed below. Find out more details.

  • Key Facts Booklet: summarises the key information contained in the study text
  • Knowledge Checker: multiple-choice questions to test your understanding of the study text
  • E-learn: online tutorial that provides interactive study and an assessment tool

Note for purchasing revision aids: please make sure you do not already have the revision aid(s) as part of any Enrolment plus purchase.   

Course delivery via RevisionMate

Instructions on accessing your course on RevisionMate will be sent to your registered email address. This is typically within two working days of your order being placed, but may be longer, particularly if payment is made by bank transfer.

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