Puspa Liza, Ghazali and Izah, Mohd Tahir and Nor Mazlina, Abu Bakar @ Harun (2015) Optimization of Integration Model in Family Takaful. Applied Mathematical Sciences, 9 (39). pp. 1899-1909. ISSN 0066-5452 [P]
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Abstract
The partition of premium life tables of the monthly payment defines the ratio of the riders. The overall monthly fee for the Integration model is RM50 and the overall total is divided into different portions; savings, pension, death coverage, death benefit, hospital bills, loss of ability to work or critical illnesses. This new plan offers complete riders for two people in one product plan; participant and a child. The overall total of the portions in riders are 54. Therefore, each partition out of RM5 is RM0.0926. The model offers buying multiple units for the product business. If the participant buys more than 1 unit, the value of premium, riders, surrender value and maturity value will be multiplied by the numbers of units bought by the participant.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | Premium tables life, pension, death coverage, death benefit, hospital bills, loss of ability to work and critical illnesses |
| Subjects: | R Medicine > R Medicine (General) |
| Divisions: | Faculty of Business and Management |
| Depositing User: | Syahmi Manaf |
| Date Deposited: | 13 Sep 2022 05:20 |
| Last Modified: | 13 Sep 2022 05:20 |
| URI: | http://eprints.unisza.edu.my/id/eprint/5958 |
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