INSURANCE INSURANCE

INTRODUCTION 1) What is Insurance? 2) How does Insurance effect our lives?

PROCESS OF ACQUIRING INSURANCE 1) Directly through the company or their agent. 2) The person who wants to be insured must fill in the “proposal form”. 3) To complete the “proposal form”, the applicants should fill in the form with complete honest. 4) The company will send a “cover note” to the customer to tell him/she that he is now insured. 5) The company will examines the “proposal form”. 6) If the applicant agrees to the amount and conditions, he pays the first “premium”. 7) The insured should examine the policy carefully. 8) A certificate also known as “small print’ will be given to the insured.

PRINCIPLES OF INSURANCE 1) Insurable Interest 2) Utmost Good Faith 3) Indemnity 4) Proximate Cause

TYPES OF INSURANCE 1) Marine Insurance 2) Fire Insurance 3) Consequential Loss Insurance 4) Accident Insurance:- a) Personal Accident b) Air Travel Insurance c) Motor Vehicles Insurance i) Third Party Motor Insurance ii) Comprehensive Motor Insurance 5) Life Insurance

QUESTIONS 1 2 3 5 4

QUESTIONS????? 1) What is insurance?

2) State the ways when taking out insurance. QUESTIONS????? 2) State the ways when taking out insurance.

3) Give 4 principles of insurance. QUESTIONS????? 3) Give 4 principles of insurance.

4) Give 2 examples of ‘Accident Insurance’ and briefly explain. QUESTIONS????? 4) Give 2 examples of ‘Accident Insurance’ and briefly explain.

QUESTIONS????? 5) What is the difference between ‘Third party motor insurance’ and Comprehensive motor insurance’?

DONE BY form 5a students: Bibi amal hayati bte hj mahmud Nurul faiqah hazirah bte hj mohd suani Siti nurul umidah bte Mustapha Mohd sharul nazmi bin supri THANK YOU!