Mathematics Consumer Form 5:Insurance

Title of chapter 3 in Maths text book Form 5?

• Taxation

• insurance

• credit card

• Financial Management

Insurance help us to

• gain a profit

• face uncertainties and losses

• get a money

• get an extra money when accidents accured

In Malaysia,the insurance industry is controlled and regulated by

• Islamic Bank

• Insurance Bank

• Maybank

• Bank Negara

In general Risk means

• accident

• possibility of disaster that cannot be avoided

• theft

• losses

Two important elements in definition of risk

• unpredictable

• involves loss

• involves life

• can be avoided

Below are the risk that students might face except

• meeting an accident on the way to school

• getting injured in a sports day

• falling down the stairs while going to canteen

• fell asleep in the class

Insurance is

• intended to transfer an accident from individual to insurance organisations

• intended to transfer a money from individual to insurance organisations

• intended to transfer a profit from individual to insurance organisations

• intended to transfer a risks from individual to insurance organisations

The individual who will claim and receive compensation for the losses

An amount of money payable by the policyholder to the insurance company

The person who calculates the premiums

• Broker

• Loss adjuster

• Actuary

• Agent