Mathematics Consumer Form 5:Insurance

Title of chapter 3 in Maths text book Form 5?

• Taxation

• insurance

• credit card

• Financial Management

Tags

CCSS.7.RP.A.3

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

Tags

CCSS.7.RP.A.3

The individual who will claim and receive compensation for the losses

Tags

CCSS.RI.11-12.3

CCSS.RI.11-12.5

CCSS.RI.9-10.3

CCSS.RI.9-10.5

CCSS.RI.8.5

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

Tags

CCSS.6.EE.B.6

The person who calculates the premiums

• Broker

• Loss adjuster

• Actuary

• Agent