Table of integration model for motor vehicle sharia insurance

Puspa Liza, Ghazali and Rini, Cahyandari and Asep Solih, Awalluddin (2020) Table of integration model for motor vehicle sharia insurance. Indonesian Journal of Pure and Applied Mathematics, 2 (1). pp. 59-54. ISSN 2686-5335

Text FH02-FPP-20-37480.pdf Restricted to Registered users only Download (3MB)

Abstract

Motor vehicle insurance is one of the general insurance types that provide coverage for loss, damages, and disappearance of a motor vehicle due to risks experienced by the covered object. The product illustration of motor vehicle insurance is generally presented in a condensed form, containing few pages and limited information. Based on a product illustration of motor vehicle sharia insurance issued by PT. Asuransi Tri Pakarta (TRIPA) treated as a case study, an alternative version of product illustration in form of a table of integration model was designed to not only provided general information but also vehicle prices, values of premiums, tabarru, ujrah, investment, insurance costs, and surplus (if any). The partitions also performed on the additional protection offered by TRIPA so that the benefits that would be received by the insured would be greater. The generated table of integration model presents richer information regarding the insurance products, better scheme, and transparency in the management of total premiums.

Actions (login required)

View Item