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Monetary Authority of Singapore

CM-LIC study map for combined life insurance, ILP, and CIS advice

How CM-LIC fits Singapore representatives covering both collective investment schemes and life insurance or investment-linked policy scope, with RES5, appointment, and study-text checks.

Exam focus

SCI-administered combined product-knowledge module for CIS, life insurance, and investment-linked policy advisory scope.

Who this helps

  • - Multi-product financial advisory representatives
  • - Bank and insurer advisory teams
  • - Financial adviser compliance teams
  • - Career entrants planning broad product scope

Why this matters

  • - SCI states CM-LIC is for people intending to provide advice on CIS and arrange life insurance policies, whether or not including investment-linked policies, and is required together with RES5 subject to MAS requirements.
  • - SCI's new-CMFAS implementation notice describes CM-LIC as the combined M8, M8A, M9, and M9A route for life insurance, investment-linked policies, and collective investment schemes.
  • - A combined route can reduce module fragmentation, but it also makes evidence and supervision broader.

Study map

Combined product scope

  • - Study the CIS topics from investment assets, financial markets, risk/return, unit trusts, fund products, structured products, derivatives, and structured funds together with life policy and ILP topics.
  • - Build a combined advice-control map covering needs analysis, product matching, risk tolerance, affordability, switching/replacement, disclosure, complaints, CPD, and ongoing review.

Evidence and timing

  • - Pair CM-LIC with RES5 and keep result slips with product permissions, principal appointment, supervisor coverage, register checks, CPD plan, and product-list approvals.
  • - Use SCI's study-text notice before booking because CM-LIC has a new version effective for examinations from 24 February 2026.

Licensing tie-in

  • - CM-LIC supports combined product-knowledge evidence; it does not replace the principal's licence, exemption, appointment, supervision, or MAS register steps.
  • - The representative file should show why the person needs both CIS and life/ILP scope, not only that the combined exam exists.
  • - A broad product role should be linked to stronger suitability, product governance, conflicts, remuneration, complaints, and CPD controls.

Booking and sponsorship

  • - Use SCI's CM-LIC page for current structure, contents, resitting, CPD hours, and registration links.
  • - Use RES5 and MAS/AskGov sources to keep conduct, appointment, and CPD evidence connected to product knowledge.
  • - Use the SCI new-CMFAS implementation notice before choosing CM-LIC instead of separate CM-CIS and CM-LIP routes.

Verify before studying

  • - Whether the person truly covers both CIS and life/ILP product scope.
  • - Whether separate CM-CIS or CM-LIP modules would be cleaner for a narrower role.
  • - Whether the principal has supervision, product governance, disclosures, and public-register follow-up for the full combined scope.

Common mistakes

  • - Choosing CM-LIC because it sounds comprehensive when the role is actually narrow.
  • - Forgetting RES5, MAS appointment, and public-register checks.
  • - Underestimating the evidence burden for multi-product advice and arranging.

Disclaimer

Information on LicenseCompare is for general educational purposes only and does not constitute legal, regulatory, financial, tax, investment, or professional advice. Licensing requirements depend on facts and change over time. Always consult official regulator materials and qualified professional advisers.