Singapore CMFAS · Singapore College of Insurance
PrepLicense: SG CMFAS
Six insurance papers · Practice + Mock Exam
2,450 originally authored practice questions and a 1,470-question mock bank across the six CMFAS insurance papers — RES5, CM-LIP, HI, BCP, PGI and ComGI. Every question is explained against the Financial Advisers Act, the Insurance Act, the MAS Notice or the study-guide chapter it tests. Choose the life path, the general insurance path, or all six.
Coming soon to the App Store
About the CMFAS insurance examinations
The Capital Markets and Financial Advisory Services (CMFAS) examinations are the licensing examinations required by the Monetary Authority of Singapore for representatives who advise on or arrange financial products. The insurance modules are administered by the Singapore College of Insurance (SCI) as computer-based, multiple-choice examinations. Which papers you sit depends on the products you will handle.
| Paper | Title | Questions | Pass mark |
|---|---|---|---|
| RES5 | Rules, Ethics and Skills for Financial Advisory Services | 150 (Part I 110 + Part II 40) | 75% on Part I and 80% on Part II |
| CM-LIP | Life Insurance and Investment-Linked Policies | 150 | 105 (70%) |
| HI | Health Insurance | 50 | 35 (70%) |
| BCP | Basic Insurance Concepts and Principles | 40 | 28 (70%) |
| PGI | Personal General Insurance | 50 | 35 (70%) |
| ComGI | Commercial General Insurance | 50 | 35 (70%) |
Two paths, one shared paper
- Life insurance / financial advisory: RES5 + CM-LIP + HI.
- General insurance: BCP + PGI + ComGI, plus RES5 where the role also involves financial advisory services.
- RES5 is the financial advisory paper — the rules, ethics and skills module that every financial adviser representative sits. General insurance agents registered with the GIA Agents' Registration Board do not need it unless the role includes financial advisory services.
- Exam format, duration, fees and scheduling are set by the SCI and can change. Check the current details on the SCI website before booking.
Where the questions come from
Every question in the app is original and written from the published sources each paper is set on: the SCI study guide for that module, the Financial Advisers Act 2001, the Insurance Act 1966, and the MAS Notices and Guidelines that sit under them — FAA-N06 and FAA-N16 for RES5, MAS 307, 314 and 320 for CM-LIP, among others.
- Each question carries the provision or study-guide chapter it tests, so the explanation can be checked against the source.
- Answer keys are re-derived by independent blind review before shipping.
- The examinations' own items are not public, and none are reproduced here.
The SCI publishes a study guide for each module but no public question bank — the examinations are proctored and their items are not released.
Six papers 2,450 practice · 1,470 mock
Practice banks are five times each paper's question count and mock banks three times, so a mock sitting can be built and re-built without repeating.
Rules, Ethics and Skills for Financial Advisory Services
Life Insurance and Investment-Linked Policies
Health Insurance
Basic Insurance Concepts and Principles
Personal General Insurance
Commercial General Insurance
Pricing
Buy one paper, one path, or all six. Every plan is a subscription — monthly, 3-monthly or yearly — and unlocks the full practice bank and mock exam for the papers it covers.
Prices in Singapore dollars and follow the App Store; other regions are auto-converted by Apple's territory equalization.
Free study resources
Read alongside the practice questions — the licensing path, the exam mechanics, and a free sample from the bank itself.
The exact 10-question free-preview set from the RES5 paper in the app — two per part, answered instantly with the provision behind each answer.
Which papers each role needs, how the life and general insurance paths differ, how the SCI examinations run, and what happens after you pass.
RES5 versus the old M5, what CM-LIP replaced, whether general insurance agents sit RES5, retakes, and what the app does and does not cover.
Why PrepLicense
Independent
Built independently, with no affiliation to the Singapore College of Insurance or the Monetary Authority of Singapore — made purely for candidates.
Sourced to the rules
Every question names the Act, MAS Notice or study-guide chapter it tests, so each explanation can be checked against the source.
Offline
The question bank lives on your device — practise on the MRT, anywhere, anytime.
No ads, no tracking
A clean experience with transparent pricing — no ads, no data tracking.
Coming soon
Built for the CMFAS insurance papers
2,450 practice questions, timed mocks that match each paper's question count, per-paper analytics, and the provision behind every answer. Pick your path on first launch and see only the papers you need.
Coming soon to the App Store
This is an independent study aid. Not affiliated with, endorsed by, or sponsored by the Singapore College of Insurance or the Monetary Authority of Singapore. Nothing in the app is financial or legal advice. Actual exam rules and content follow announcements from the relevant authorities. All trademarks belong to their respective owners.
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