Exam (elaborations)
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024
[Show more]
Connected book
Book Title:
Author(s):
- Edition:
- ISBN:
- Edition:
Content preview
I, SR3702 Assignment 2 (COMPLETE ANSWERS) Semes
ter 2 2024 - DUE September 2024 ; 100% T
RUSTED Complet
Question 1 (46 marks) Latu Life Insurance Company provides
financial services in the Republic of South Africa. In January
2024 the company received the following applications: 1.1
Indicate an appropriate life policy or policies for each
application and substantiate your answer. (22) 1.2 Classify each
of the applications into an underwriting class and substantiate
your answer. (22) 1.3 Name one variable that is missing from
the applications but that could be used to answer question 1.2
above. (2) No. Name Age Gender Occupation Medical condition
Net worth Number of dependants 1 Presh 24 Female
Construction worker Not stipulated (R560 000) 2 2 Premita 36
Male Lawyer Not stipulated (R330 000) 1 3 Kgabu 48 Male
Medical doctor Heart attack R1 million 0 4 Tshivhase 56 Male
Teacher Diabetes R203 000 0 5 Malerato 27 Female Judge
Epilepsy R402 000 3 6 Grace 33 Female Self-employed Not
stipulated R809 000 2 ISR3702 Page 2 of
To address the questions regarding the life insurance
applications for Latu Life Insurance Company, we'll analyze each
application to determine the appropriate life policy,
underwriting class, and identify any missing variables. Here's a
detailed response:
1.1 Appropriate Life Policy or Policies for Each Application
1. Presh, 24, Female, Construction Worker
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Novaace1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R48,14. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
49497 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy summaries for 14 years now