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WorksheetsFIN333 QUIZ (RISK)
Total questions: 10
Worksheet time: 6mins
Basic of Risk Management, EXCEPT
Risk Avoidance
Risk Assumption
Planning and Settlement
Loss Prevention and Control
Importance of Insurance
(3 answer)
Provide a peace of mind
Promotes financial stability
Cover medical expenses, property damage and other unforeseen event
Help to mitigate financial risks
Principles of Takaful: Tabarru' (provide benefits to who needed) & Musyahadah (invest in Syariah-compliant investment)
TRUE
FALSE
Investment-linked insurance is a policy that provides coverage for your entire life and pays the death benefit to your family whenever you pass away
TRUE
FALSE
Health Insurance consists of
(2 answer)
Disability Income Insurance
Supplementary Rider
Endowment Insurance
Hospitalization and Surgical Insurance
Homeowners insurance is a type of insurance that covers
Ammar was admitted to Hospital Mitsubishi due to bird flu
Washing machine (Honda brand) being stolen by Daneesya at Hani's rented house
Danish intentionally breaks his own leg and cannot work for 3 months
Nuqman invests in insurance to Bella but she use it to buy Chagee instead
Motor insurance consists of
(2 answer)
Term life insurance
Comprehensive coverage vs. third-party coverage
No-claims discount
Mortgage Reducing Term Assurance
Motor Insurance No Claim Discount (NCD): a discount on your premium for every year you don’t make a claim on your policy
TRUE
FALSE
Property Insurance consists of
(2 answer)
Fire Insurance: Naufal's house was burned down by Adam
Hospitalization and Surgical Insurance: Syira was admitted and needs surgery
Renter's Insurance: TV in Dee's rented house was stolen by Nisa and she sold it to Nina
Travel Insurance: Azwa cries because her luggage was stolen by Fatin
Travel Insurance covers unexpected events during travel, including medical expenses and trip interruptions
TRUE
FALSE
