Comprehensive Grade 12 IEB Insurance notes, written by a top-achieving matriculant who scored above 90%. These clear, concise, and well-structured notes cover all key concepts to help you excel in your studies and exams. Perfect for mastering the IEB syllabus with confidence!
isurance INCASECfire.theft
ciiieiis.irn'ce5i
shortterminsurance Longterminsurance nerd
etcmayom
floods nothappen
r ay to
ASSURED happendeathretirementor
disability Firstforwomen
insuredwantsto beindemnifiedplacedinsome avoidsriskofleavingfomwoincomeafterdeat.hrbeing NakedInsurance
financialpositionasb4theincident to of
anacceptablestandard living
unable maintain Outsurance
contract requirements
non insurable risk contractualcapacity insurableinterest faith
Absolutegood
tobeprevented by Government 18yearsofagelegalageinsa of must
something value belost utmost
Y fff
honesty
mind
sane hasinsurableinterestin
person that
disclosellrelevent.info affect
may
notincapacitated ownassets ownhealth the risk
iiiiiiiii.ii.in 449 ifeof.jp fco.jfine
debtor.riskwon'tbecovereditonyinconsistencies
risk
technologyalwayschangingleasingprevents premium compensationlost
illegalactsitems mustbeproventhat loss
financial i
withholding nfo
fronting
climatechange naturaldisasters willoccurifaneventtakesplace
1 Indemnityshortterm
insurance 2 security 3 Averageclause
insured
gives peaceofmind assurance
longterm assetisnot
when for
insured value
correct
some financial
asbuncident
position financial
Gives for ordeath
security retirement underinsurance overinsurance
suffernolossesigoinnoprofi.is orouplifepolicygivessecurityinformoflongl.aminsurance too
Premiums low insured
whentheosset.is against than
more
lower
premiums lifeinsurance
than fullvalueoflossworil.beindemnified
itspresentvalue pays higherpremium
the
only actual ofassetispaidout
value
cannotmakeprofit
insured
ALWAYS
CALLTORELOOKAT.mn
INSURANCE.PT
TYumefE o.suiritgiii8n'ma
4Excess 5 proximatecause 7cessioncedethepolicy
2andamountorpercentagethatinsurerdoesn't the be resultof
losssufferedmust of
principle indemnity offurike endowment
maybesignedover
policy
the event not secondaryevent
insured cannot makeprofit to as
creditor in to
collateral order
excesshigher
monthlypayments Emry cause canonly claimfrom policy
higherexcesslowermonthlypayments Gf from
c laimed
insured insurance
i up cashworthovertimemon
fromclaimingaftereveryminor
individual
prevents heshecan'tclaimfromguiltyparty prem
incident
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ayathinam. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.78. You're not tied to anything after your purchase.
