i happened to be from one of the earlier batches.
so heres what i feel about the whole thing.
if you have no interest whatsoever in dealing insurance in the future, DONT go for it. what happened for my batch was everyone had to be licensed as an agent to be able to receive the pay/allowance at the end of the internship. those that chose not to be licensed and practice actually had to forgo the $800 (that was what we were given then).
personally i had no interest and chose to enroll in it as a last resort thing. i do not regret what i learnt from there but the months spent there could definitely have been better off spent doing admin as a temp at banks and knowing more ppl if you are keen to enter the finance industry in the future.
so think of your end goal, what you want ultimately then plot your way accordingly. cheers