F5_C3_CONSUMER MATHEMATICS : INSURANCE

Which of the following is not a type of general insurance?

• Medical and health insurance

• Life insurance

• Travel insurance

• Motor insurance

The table shows the rate of annual premium for each RM 1000 of face value of a life insurance. Calculate the annual premium of life insurance with a face value of RM 280 000 by a 30-year-old man who does not smoke.

• RM 212.00

• RM 280.00

• RM 593.60

• RM 663.90

Given that the value of basic premium of comprehensive policy for Mr Azim is RM 1 988. Calculate the gross premium that needs to be paid by Mr Azim under the third-party, fire and theft policy.

• RM 596.40

• RM 1 043.70

• RM 1 391.60

• RM 1 491.00

Encik Rahman lost his luggage while travelling in Turkey. What type of insurance that could cover his loss?

• Medical and health insurance

• Fire insurance

• Theft insurance

• Travel insurance

Adelia has a medical insurance with an annual limit of RM 100 000 and a deductible of RM 5 000 yearly. She received treatment for inflamed lungs and the medical cost was RM 24 200. Calculate the total cost that will be borne by the insurance company.

• RM 5 000

• RM 19 200

• RM 24 200

• RM 29 200

Mr Aniq wants to buy a fire insurance for his shop lot. The insurable value of his shop lot is RM 190 000. The insurance policy has co-insurance provision of 80% from the insurable value and a deductible of RM 3 000. Calculate the amount of required insurance bought by Mr Aniq.

• RM 144 000

• RM 150 000

• RM 152 000

• RM 190 000