Pass Your CM-LIC Exam
On Your First Attempt!
Introducing our CM-LIC prep course, packed with 4000 + Questions (Updated Dec 2025) to help you pass the exam.
Everything you need to accelerate your revision is included. By repeatedly practising questions aligned to the latest syllabus, you will gain a significant advantage and walk into your exam with confidence!
CM-LIC Prep Course
2 MONTHS Access to FULL Question Bank
4000 + Questions (Updated Dec 2025)
FREE Cheat Sheet
SIMULATED Mock Exams
$129
Course Content
2 MONTHS Access to FULL Question Bank:
Receive our dedicated question bank with over 4000 questions, answers, and detailed explanations. Cover the ENTIRE syllabus and build your foundational knowledge at your own pace.
FREE Cheat Sheet for Every Paper:
Receive our exclusive Cheat Sheet for each paper! This powerful study guide distills the entire syllabus into the most critical points, formulas, and definitions, making it the perfect tool for quick and effective last-minute revision.
Simulated Mock Exams:
Experience real exam conditions with mock tests that replicate the actual paper's time limits, question counts, and passing marks. Unlimited attempts allowed to perfect your strategy.
CM-LIC (M8 + M8A + M9 + M9A) - Life Insurance, Investment-Linked Policies And Collective Investment Schemes
A comprehensive single exam for representatives who wish to provide advice on Collective Investment Schemes and arrange life insurance policies (whether or not including investment-linked policies).
About the Exam
- Format: 200 MCQs (computer-based)
- Duration: 4 hours
- Passing Mark: 70% for every part
- Estimated Pass Rate: 65-75%
- Study Time: 140-220 hours
- There is no exemption for CM-LIC.
- We strongly recommend candidates to take the 4 exams (M8, M8A, M9, M9A) separately instead of this combined exam because it is tougher to pass, and more expensive to retake.
Exam Syllabus
Part I:
- Types Of Investment Assets – I
- Types Of Investment Assets – II
- Financial Markets
- Risk And Return
- Time Value Of Money
- Considerations For Investments
- Unit Trusts
- Fund Products
Part II:
- Introduction To Structured Products
- Risk Considerations Of Structured Products
- Understanding Derivatives
- Introduction To Structured Funds
- Examples of Structured Funds
- Case Studies
Part III:
- Risk And Life Insurance
- Setting Life Insurance Premium
- Classification Of Life Insurance Products
- Traditional Life Insurance Products
- Riders (Or Supplementary benefits)
- Participating Life Insurance Policies
- Investment-Linked Life Insurance Policies (ILPs): Types, Features, Benefits And Risks
- Investment-Linked Sub-Funds
- Investment-Linked Insurance Policies: Computational Aspects
- Annuities And Other Life Insurance Products
- Application And Underwriting
- Policy Services
- Life Insurance Claims
- The Insurance Contract
- Law Of Agency
- Income Tax And Life Insurance
- Insurance Nomination, Will And Trusts
Part IV:
- Introduction To ILPs
- Portfolio of Investments With An Insurance Element
- Case Studies
Customize Your Study Plan
Select specific modules to fill a gap, or grab a complete bundle to save time.
Here's What Our Students Are Saying
5.0
Cleared both CACS papers on the first try! The practice questions were spot-on and explained concepts missing from the official guide.
Passed RES5, HI, SIP, and RES12B — all thanks to the detailed mock exams and clear explanations!
The FMRP prep from RealisedGains was excellent. Highly recommend to all my colleagues!
CFA Level I was tough, but RealisedGains’ mock exams and formula sheets made all the difference. Cleared it with room to spare!
FRM Part I passed on first attempt! The risk models and case studies were explained so clearly. Highly recommend for banking pros.
CAIA Level I done! RealisedGains’ hedge fund and PE breakdowns were gold. Now ready for alternatives in wealth management.
Passed RES 1A and 2A for Capital Markets dealing. The SGX rules and ethics sections were perfectly summarized. Thank you!
The online mentor support was fantastic — clarified all my doubts before CACS1. RealisedGains truly cares about student success!
The tough practice questions really prepared me for the real exam. Worth every minute!
CACS1 materials were excellent before the Aug update. Post-update questions could be better aligned.
Frequently Asked Questions
While our materials provide a significant advantage by highlighting high-probability topics, we cannot offer a guarantee. Passing requires your personal diligence in studying both our materials and the official IBF/SCI guides.
No. We respect your time. Instead of long, slow-paced videos, we provide high-impact Cheat Sheets and Interactive Question Banks. This allows you to learn faster and practice active recall, which is scientifically proven to improve retention.
Yes. We regularly update and increase our question bank to align with the latest exam syllabus and regulatory changes.
Unlike traditional classes that drag on, our course is built for speed and efficiency. We focus purely on the "Must-Know" cheat sheets and high-yield MCQs to get you exam-ready in weeks, not months.
You will have *2 months of full access to the materials. This timeline is designed to keep you disciplined and focused on passing your exam quickly.
*Global charters (e.g. CFA) will be given 6 months access for individual papers and 12 months for bundles.
RealisedGains is a private training provider. The official exam administrators are the Institute of Banking & Finance (IBF) and the Singapore College of Insurance (SCI).
To download the official text: Visit the IBF or SCI website.
To book your exam: Register via the IBF or SCI portal.
⚠ Disclaimer
We strive to provide the most accurate and up-to-date information regarding Singapore financial exams. However, regulatory details may change over time. Always verify exam rules with the relevant authorities (IBF, SCI, or MAS). Our practice materials are 100% original and are not affiliated with IBF, SCI, or MAS.
1. No Affiliation
These materials are independently created by RealisedGains. We are not affiliated with, endorsed by, or approved by the Institute of Banking & Finance (IBF), Singapore College of Insurance (SCI), or the Monetary Authority of Singapore (MAS).
2. Intellectual Property
All content, including question banks and cheat sheets, is the original copyrighted work of RealisedGains.
3. Educational Use Only
These materials are for practice purposes only. There is no pass guarantee. Candidates should always use the official IBF/SCI study guides as their primary reference source.
4. Copyright & Usage Strictly Prohibited
Do not copy, distribute, resell, or share these materials. Unauthorized distribution is a violation of Singapore’s Copyright Act 2021. We track account usage to prevent sharing.
5. Limitation of Liability
RealisedGains is not liable for your exam results, interpretation of materials, or consequences of misuse.
6. Refund Policy
Due to the digital nature of the product (instant access), all sales are final. No refunds will be issued once the materials have been accessed. Refunds are not issued for failure to pass the exam or for violations of our terms.
CM-LIC Prep Course
2 MONTHS Access to FULL Question Bank
4000 + Questions (Updated Dec 2025)
FREE Cheat Sheet
SIMULATED Mock Exams
$129
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The go to platform that keeps you informed on the financial markets. Best of all, it's free.
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© 2025 RealisedGains | All Rights Reserved | www.realisedgains.com