MGF2243 QUIZ 2

Which type of insurance policy provides coverage for loss or damage to your vehicle in case of an accident?

• Medical and Health Insurance

• Personal Accident Insurance

• Motor Insurance

• Fire Insurance

What does NCD stand for in the context of motor insurance?

• No Claim Damage

• Non-Coverage Deductible

• No Coverage Discount

• No Claim Discount

Which type of insurance policy covers loss or damage to the building and contents caused by fire, lightning, or gas explosion?

• Motor Insurance

• Personal Accident Insurance

• Fire Insurance

• Medical and Health Insurance

Takaful is based on the concepts of:

• a) Brotherhood and collective responsibility

• b) Profit-sharing and gambling

• c) Uncertainty and riba

• d) Usury and risk transfer

Which type of takaful provides protection and a savings component through long-term contracts?

• Family Takaful

• General Takaful

• Life Takaful

• Investment Takaful

In motor insurance, liability coverage pays for damage to your own vehicle.

• True

• False

Conventional insurance policies are recommended by Islamic scholars due to their compliance with Shariah principles.

• True

• False

Which of the following is not a type of motor insurance policy?

• Act Cover

• Third Party Cover

• Comprehensive Cover

• Personal Accident Cover

No-claim-discount (NCD) is a 'reward' scheme for policyholders who:

• Make frequent claims on their insurance policy

• Have multiple vehicles insured

• Have not made any claims on their insurance policy

• Have a history of accidents

Personal Accident (PA) insurance provides coverage for death, disability, or injury caused by intentional self-inflicted harm.

• True

• False