PRESENTATION 2

PA305 ndash AKPKrsquoS

INSURANS ETIQA TAKAFUL

MUHAMAD RADHZI BIN A RAHMAN 16BPM12F2002

SHAIFUL NIZAM BIN ABD RAHMAN 16BPM12F2003

MOHD IHSAN HAKIM BIN ROZALI 16BPM12F2004

MOHD IZUAR BIN MAZLAN 16BPM12F2005

AZRUL FAZLI BIN MAT SAID 16BPM12F2009

MUHD ADIEB ADZRAI BIN ISLAKHUDDIN 16BPM12F2010

WHY YOU NEED INSURANCE amp WHAT IS INSURANCE

When you make a financial commitment such as purchasing a house by

borrowing money from the bank you have locked part of your future

income Should there

be an unfortunate natural event (death or disability) or an economic

catastrophe (retrenchment) where your ability to meet these commitments

have been impaired the possibility of losing your hard-earned asset is

real There is a financial instrument that you can purchase to protect you

from such an eventuality ndash insurance It is a means of giving you a

financial buffer or protection in case something happens to you your

family or your belongings

In offering you such protection insurance is providing

you with a peace of mind The money you put towards

insurance will enable you to

1048708 pay for damages to your personal belongings or to

replace items that had been stolen (provided such items

are insurable)

1048708 pay for medical bills when you or your family members

are hospitalised

1048708 take care of your monthly living expenses debts and

financial commitments when you are not able to work

due to a serious illness or an accident

1048708 provide some financial support to your

family in the event of your disability

serious illness or death particularly if

you are the breadwinner of the family

PURPOSE ON INSURANCE

TYPES OF INSURANCE

Life insurance

A life insurance policy insures you and your life against risks such as

premature

death illness disability and hospitalisation It is important to have

if there are people depending on you whether they are young children or

aged parents The coverage period is usually more than a year and you have

a choice

of making premium payments monthly quarterly semi-annually or annually

throughout the coverage period

The main life insurance products are

1048708 Whole life This offers lifelong protection but you must

pay premiums throughout your life The claim amount

(sum insured) including bonuses will be paid upon

death total and permanent disability or critical illness

Due to the long-term nature of the policy the premium

is higher than for term insurance and it provides cash

value during the term of policy 1048708 Term life This offers protection for a limited period of

time only The money will be paid only upon death total

and permanent disability or critical illness during the

term of the policy and according to the amount agreed

upon when buying the policy

1048708 Endowment This combines protection and savings

This policy provides cash benefits at the end of a specific

period or upon death or total and permanent disability

during the same period The coverage period is

determined by the buyer

1048708 Investment-linked This combines investment and

protection Under this policy you get to choose the type

of investment fund you wish to place your investment

and the amount of life insurance coverage you wish to

have The amount of premium is flexible

1048708 Medical and health This helps to cover the cost of

medical treatment particularly in regard to

hospitalisation and surgery

1048708 Mortgage reducing term This is usually a single

premium policy with the coverage amount matching

the scheduled outstanding balance of the loan In case

you default on the payments due to illness or disability

or upon premature death the policy will settle the loan

and the bank will release the ownership of the house to

you or your beneficiaries

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

WHY YOU NEED INSURANCE amp WHAT IS INSURANCE

When you make a financial commitment such as purchasing a house by

borrowing money from the bank you have locked part of your future

income Should there

be an unfortunate natural event (death or disability) or an economic

catastrophe (retrenchment) where your ability to meet these commitments

have been impaired the possibility of losing your hard-earned asset is

real There is a financial instrument that you can purchase to protect you

from such an eventuality ndash insurance It is a means of giving you a

financial buffer or protection in case something happens to you your

family or your belongings

In offering you such protection insurance is providing

you with a peace of mind The money you put towards

insurance will enable you to

1048708 pay for damages to your personal belongings or to

replace items that had been stolen (provided such items

are insurable)

1048708 pay for medical bills when you or your family members

are hospitalised

1048708 take care of your monthly living expenses debts and

financial commitments when you are not able to work

due to a serious illness or an accident

1048708 provide some financial support to your

family in the event of your disability

serious illness or death particularly if

you are the breadwinner of the family

PURPOSE ON INSURANCE

TYPES OF INSURANCE

Life insurance

A life insurance policy insures you and your life against risks such as

premature

death illness disability and hospitalisation It is important to have

if there are people depending on you whether they are young children or

aged parents The coverage period is usually more than a year and you have

a choice

of making premium payments monthly quarterly semi-annually or annually

throughout the coverage period

The main life insurance products are

1048708 Whole life This offers lifelong protection but you must

pay premiums throughout your life The claim amount

(sum insured) including bonuses will be paid upon

death total and permanent disability or critical illness

Due to the long-term nature of the policy the premium

is higher than for term insurance and it provides cash

value during the term of policy 1048708 Term life This offers protection for a limited period of

time only The money will be paid only upon death total

and permanent disability or critical illness during the

term of the policy and according to the amount agreed

upon when buying the policy

1048708 Endowment This combines protection and savings

This policy provides cash benefits at the end of a specific

period or upon death or total and permanent disability

during the same period The coverage period is

determined by the buyer

1048708 Investment-linked This combines investment and

protection Under this policy you get to choose the type

of investment fund you wish to place your investment

and the amount of life insurance coverage you wish to

have The amount of premium is flexible

1048708 Medical and health This helps to cover the cost of

medical treatment particularly in regard to

hospitalisation and surgery

1048708 Mortgage reducing term This is usually a single

premium policy with the coverage amount matching

the scheduled outstanding balance of the loan In case

you default on the payments due to illness or disability

or upon premature death the policy will settle the loan

and the bank will release the ownership of the house to

you or your beneficiaries

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

In offering you such protection insurance is providing

you with a peace of mind The money you put towards

insurance will enable you to

1048708 pay for damages to your personal belongings or to

replace items that had been stolen (provided such items

are insurable)

1048708 pay for medical bills when you or your family members

are hospitalised

1048708 take care of your monthly living expenses debts and

financial commitments when you are not able to work

due to a serious illness or an accident

1048708 provide some financial support to your

family in the event of your disability

serious illness or death particularly if

you are the breadwinner of the family

PURPOSE ON INSURANCE

TYPES OF INSURANCE

Life insurance

A life insurance policy insures you and your life against risks such as

premature

death illness disability and hospitalisation It is important to have

if there are people depending on you whether they are young children or

aged parents The coverage period is usually more than a year and you have

a choice

of making premium payments monthly quarterly semi-annually or annually

throughout the coverage period

The main life insurance products are

1048708 Whole life This offers lifelong protection but you must

pay premiums throughout your life The claim amount

(sum insured) including bonuses will be paid upon

death total and permanent disability or critical illness

Due to the long-term nature of the policy the premium

is higher than for term insurance and it provides cash

value during the term of policy 1048708 Term life This offers protection for a limited period of

time only The money will be paid only upon death total

and permanent disability or critical illness during the

term of the policy and according to the amount agreed

upon when buying the policy

1048708 Endowment This combines protection and savings

This policy provides cash benefits at the end of a specific

period or upon death or total and permanent disability

during the same period The coverage period is

determined by the buyer

1048708 Investment-linked This combines investment and

protection Under this policy you get to choose the type

of investment fund you wish to place your investment

and the amount of life insurance coverage you wish to

have The amount of premium is flexible

1048708 Medical and health This helps to cover the cost of

medical treatment particularly in regard to

hospitalisation and surgery

1048708 Mortgage reducing term This is usually a single

premium policy with the coverage amount matching

the scheduled outstanding balance of the loan In case

you default on the payments due to illness or disability

or upon premature death the policy will settle the loan

and the bank will release the ownership of the house to

you or your beneficiaries

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

TYPES OF INSURANCE

Life insurance

A life insurance policy insures you and your life against risks such as

premature

death illness disability and hospitalisation It is important to have

if there are people depending on you whether they are young children or

aged parents The coverage period is usually more than a year and you have

a choice

of making premium payments monthly quarterly semi-annually or annually

throughout the coverage period

The main life insurance products are

1048708 Whole life This offers lifelong protection but you must

pay premiums throughout your life The claim amount

(sum insured) including bonuses will be paid upon

death total and permanent disability or critical illness

Due to the long-term nature of the policy the premium

is higher than for term insurance and it provides cash

value during the term of policy 1048708 Term life This offers protection for a limited period of

time only The money will be paid only upon death total

and permanent disability or critical illness during the

term of the policy and according to the amount agreed

upon when buying the policy

1048708 Endowment This combines protection and savings

This policy provides cash benefits at the end of a specific

period or upon death or total and permanent disability

during the same period The coverage period is

determined by the buyer

1048708 Investment-linked This combines investment and

protection Under this policy you get to choose the type

of investment fund you wish to place your investment

and the amount of life insurance coverage you wish to

have The amount of premium is flexible

1048708 Medical and health This helps to cover the cost of

medical treatment particularly in regard to

hospitalisation and surgery

1048708 Mortgage reducing term This is usually a single

premium policy with the coverage amount matching

the scheduled outstanding balance of the loan In case

you default on the payments due to illness or disability

or upon premature death the policy will settle the loan

and the bank will release the ownership of the house to

you or your beneficiaries

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

The main life insurance products are

1048708 Whole life This offers lifelong protection but you must

pay premiums throughout your life The claim amount

(sum insured) including bonuses will be paid upon

death total and permanent disability or critical illness

Due to the long-term nature of the policy the premium

is higher than for term insurance and it provides cash

value during the term of policy 1048708 Term life This offers protection for a limited period of

time only The money will be paid only upon death total

and permanent disability or critical illness during the

term of the policy and according to the amount agreed

upon when buying the policy

1048708 Endowment This combines protection and savings

This policy provides cash benefits at the end of a specific

period or upon death or total and permanent disability

during the same period The coverage period is

determined by the buyer

1048708 Investment-linked This combines investment and

protection Under this policy you get to choose the type

of investment fund you wish to place your investment

and the amount of life insurance coverage you wish to

have The amount of premium is flexible

1048708 Medical and health This helps to cover the cost of

medical treatment particularly in regard to

hospitalisation and surgery

1048708 Mortgage reducing term This is usually a single

premium policy with the coverage amount matching

the scheduled outstanding balance of the loan In case

you default on the payments due to illness or disability

or upon premature death the policy will settle the loan

and the bank will release the ownership of the house to

you or your beneficiaries

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

1048708 Medical and health This helps to cover the cost of

medical treatment particularly in regard to

hospitalisation and surgery

1048708 Mortgage reducing term This is usually a single

premium policy with the coverage amount matching

the scheduled outstanding balance of the loan In case

you default on the payments due to illness or disability

or upon premature death the policy will settle the loan

and the bank will release the ownership of the house to

you or your beneficiaries

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

INSURANCE PROCESS

1 Standing Instructions (Quotation)

2 New applications amp registration

3 Payment Method

4 Insurance Branch

5 Policy Insurance amp Feedback

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

STANDING INSTRUCTIONS QUOTATION

Agen make a qoutation with full

details for client and proceed to next level

Insurance Agency

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

NEW APPLICATIONS amp REGISTRATION

Insurance Agency

Client wants make an insurance and

agent shared about insurance company providing product or services that with terms and

condition

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

Credit Card

Biro Angkasa

Payment Method

Auto Debit

Payment Method

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11

Branch amp Feedback Policy

bull Branch

Agent bring the policy to branch make a payments before proceed to Headquarters

bull Feedback Policy

After branch has done made a settement by client details then the payments will proceed to Headquarters and wait for the feedback 2

weeks inforce

• Slide 1
• WHY YOU NEED INSURANCE amp What is insurance
• Purpose on insurance
• TYPES OF INSURANCE
• Slide 5
• Slide 6
• INSURANCE PROCESS
• Standing instructions QUOTATION
• New applications amp registration
• Slide 10
• Slide 11