The Santam Learnership Programme (Short-Term Insurance) 2024

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In today's competitive job market, securing a foothold in the financial services sector can be a difficult task, especially for young individuals lacking specific skills and qualifications. Recognizing this challenge, Santam has introduced its Short-Term Insurance Learnership Programme, a transformative initiative designed to address the skills gap and foster a new generation of talent. This article delves into the details of this programme, its structure, benefits, and the significant opportunities it offers to aspiring professionals.

The Purpose and Vision of the Santam Learnership Programme

Santam's Short-Term Insurance Learnership Programme is a strategic response to the evident skills shortage in the financial services sector. By providing comprehensive training and a robust qualification, the programme aims to create a sustainable pipeline of skilled individuals ready to contribute meaningfully to the industry. This initiative not only aligns with Santam's business objectives but also embodies a broader commitment to social responsibility and economic development.

Who Should Apply?

The programme is tailored for young individuals between the ages of 18 and 28 who possess a Grade 12 Certificate. To be eligible, applicants must meet the following academic criteria:

·         A minimum pass mark of 40% in English and a Second Language.

·         A minimum pass mark of 40% in Mathematics or a minimum pass mark of 60% in Mathematics Literacy.

These requirements ensure that candidates have the foundational skills necessary to thrive in the rigorous training environment of the learnership.

Course Outline and Structure

The Santam Short-Term Insurance Learnership Programme is meticulously structured to provide a blend of theoretical knowledge and practical skills. Here is a detailed breakdown of the programme's components: 

Onboarding and Core Competencies

Upon acceptance into the programme, learners undergo an intensive onboarding process designed to equip them with the core competencies required in the financial services sector. This phase lays the groundwork for the subsequent specialized training.

Anchors: Short-Term Insurance – NQF Level 4 Qualification

The cornerstone of the programme is the attainment of a Short-Term Insurance qualification at NQF Level 4. Delivered in partnership with the Graduate Institute of Financial Sciences (GIFS), this qualification provides learners with a comprehensive understanding of short-term insurance principles and practices.

Electives per Business Unit: Technical Skills Academy

In addition to the core qualification, learners have the opportunity to develop specialized technical skills through electives offered by the Santam Learning Academy. These electives are tailored to the specific needs of different business units within Santam, ensuring that learners gain relevant and practical expertise.

Regulatory Readiness: FSCA Regulatory Exams RE5

A critical component of the programme is preparing learners for the FSCA regulatory exams RE5. To ensure success, the programme includes RE workshops, mock exams, and the final RE exams. Achieving this qualification enables learners to apply for professional membership of the Insurance Institute of South Africa (IISA) as an IISA Member (MIISA), enhancing their professional credibility and career prospects.

Programme Duration and Location

The learnership programme spans 12 months, commencing on 1 September 2024. It is based in various areas (Sandton, Randburg, Parktown/Hill on Empire, Centurion, Lead London / Graaf Reinet, Bedfordview, Klerksdorp) , providing learners with access to Santam's extensive resources and industry networks.

Santam is committed to fostering diversity and inclusion within its workforce and the broader industry. The learnership programme is a testament to this commitment, as it actively seeks to empower young, unemployed individuals from diverse backgrounds. By investing in the youth, Santam aims to contribute to the country's economic future and promote social equity.

Why Choose the Santam Learnership Programme?

Comprehensive Training and Development

The Santam Learnership Programme offers a holistic training experience, combining academic learning with practical, on-the-job training. This integrated approach ensures that learners are well-prepared to meet the demands of the industry and excel in their careers.

Professional Accreditation and Career Advancement

Upon successful completion of the programme and the RE5 exams, learners can apply for professional membership with the IISA. This accreditation is a significant milestone, enhancing their professional standing and opening doors to numerous career opportunities within the insurance sector.

Contribution to Economic Growth and Social Development

By participating in the learnership programme, individuals contribute to a larger vision of economic growth and social development. The skills and knowledge gained through the programme empower them to make meaningful contributions to the industry and the broader economy.

The Application Process

Applying for the Santam Learnership Programme is a straightforward process, but it requires careful attention to detail. Here are the key steps:

Eligibility Check: Ensure that you meet the age and academic requirements.

Prepare Your Application: Gather all necessary documents, including your Grade 12 Certificate and any other relevant qualifications.

Submit Your Application: Email your application (details are listed below under ‘How to Apply’).

Await Confirmation: Successful applicants will be notified and invited to participate in the onboarding process.

Closing Date:

The application deadline for this invaluable opportunity is the  24^th of June 2024, apply as early as possible to avoid disappointment.

How to Apply?

1) Be sure to include your Grade 12 / Matric/CV results in your application.

2) Subject line: Santam Learnership: with the location of the Sanlam, you wish to be admitted to i.e. Santam Learnership, Bedfordview.

3) Send Applications to: Thembi.Manyike@santam.co.za

Note: If you do not meet the minimum requirements, or send your application with missing documents, you will not be considered. Also ensure that you apply before the stipulated deadline!

The Santam Short-Term Insurance Learnership Programme is more than just a training initiative; it is a pathway to professional success and personal growth. By addressing the skills gap in the financial services sector, Santam is not only enhancing its own workforce but also contributing to the broader economic and social development of South Africa.

For young, aspiring professionals seeking a dynamic and rewarding career in insurance, this learnership programme offers an unparalleled opportunity. Don't miss the chance to be part of this transformative journey – apply today and take the first step towards a brighter future.

Goodluck to all applicants!