Insurance 1

Meaning of the risk

• a situation involving when having fun

• a situation involving exposure to danger

The following are examples of disasters except.....

• flood

• earthquakes

• landslides

• jogging

Mr Wong buy a health insurance from Syarikat Amanah two years ago. Who is the policyholder?

• Mr Wong

• Syarikat Amanah

The following statements are the importance of insurance except

• face uncertainties and losses

• gain profit

• as a financial

  protection if unfortunate events happen

• provides coverage against any loss or damage incurred

The risks covered by life insurance are as follows except....

• Death

• critical disease

• car's damage

• loss of ability

What is X?

• Government

• Insurance company

• Bank

• Hospital

A policy and an evidence of an agreement made between the insurance company and the policyholder.

• Insurance company

• Insurance contract

• Premium

• Risk

Y is an amount of money payable by the policyholder to the insurance company. What is meant by Y?

• Policyholder

• Insurance company

• Premium

• Insurance contract

"Insurance cannot prevent a loss from occurring but can

help to reduce financial burden borne by a policyholder in the occurrence of losses or accidents."

Determine the truth of the above statement.

• True

• False

X is................

• compensation payable

• premium

• insurance contract

• policyholder