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Monetary Authority of Singapore

CM-LIP study map for life insurance and investment-linked policy advice

How CM-LIP fits Singapore representatives advising on or arranging life insurance policies and investment-linked policies, including RES5 pairing, product risk, and appointment evidence.

Exam focus

SCI-administered product-knowledge module for life insurance and investment-linked policy advice or arranging.

Who this helps

  • - Life policy advisers
  • - Investment-linked policy representatives
  • - Insurance distribution teams
  • - Financial adviser compliance teams

Why this matters

  • - SCI states CM-LIP is for people intending to provide advice on and/or arrange life insurance policies, whether or not including investment-linked policies, and is required together with RES5 subject to MAS requirements.
  • - The official page covers life insurance concepts, product types, riders, participating policies, investment-linked policies, annuities, underwriting, claims, agency law, tax, nominations, structured products, derivatives, and structured ILPs.
  • - Life policy advice has suitability, disclosure, remuneration, replacement, and policy-service risks that are different from CIS-only advice.

Study map

Life policy and ILP scope

  • - Study traditional life products, riders, participating policies, ILPs, sub-funds, annuities, underwriting, servicing, claims, contract law, agency, tax, nominations, wills, and trusts.
  • - Connect product knowledge to needs analysis, affordability, risk tolerance, replacement/switching controls, product disclosure, remuneration, complaints, and client-review evidence.

Pairing and evidence

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

Licensing tie-in

  • - CM-LIP supports product-knowledge evidence for life policy or ILP advice and arranging; it does not itself appoint the person or authorise the firm.
  • - The principal should align licensed/exempt financial adviser status, insurance arrangement authority, product list, suitability controls, and complaints handling.
  • - If the person also advises on CIS, CM-LIC or additional product-module analysis may be more efficient than CM-LIP alone.

Booking and sponsorship

  • - Use SCI's CM-LIP page for current structure, contents, resitting, CPD hours, and registration links.
  • - Use RES5 and MAS/AskGov sources to keep the advisory-conduct and appointment route connected to product knowledge.
  • - Use the SCI new-CMFAS implementation notice to understand CM-LIP as a combined M9 plus M9A route.

Verify before studying

  • - Whether the person advises on or arranges life policies, ILPs, CIS, or multiple product categories.
  • - Whether CM-LIC is more appropriate than CM-LIP if CIS advice is also in scope.
  • - Whether insurance-specific supervision, replacement controls, remuneration, and client-documentation evidence are ready.

Common mistakes

  • - Using CM-LIP for CIS advice without checking CM-CIS or CM-LIC.
  • - Forgetting RES5 and appointment evidence.
  • - Treating product knowledge as permission to sell or advise before principal and MAS steps are complete.

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.