100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
Previously searched by you
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us.. R47,91
Add to cart
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE September 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..
, Exam (elaborations)
ISR3702 Assignment 2 (COMPLETE ANSWERS)
Semester 2 2024
Course
Life Insurance (ISR3702)
Institution
University Of South Africa (Unisa)
Book
The Principles of Life Insurance
ISR3702 Assignment 2 (COMPLETE ANSWERS) Semester 2 2024 - DUE
September 2024 ; 100% TRUSTED Complete, trusted solutions and
explanations. Ensure your success with us..
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 2 Question 2 (24
marks) In the State of the Nation Address, the President of South Africa
informed the country that the National Health Insurance (NHI) programme will
be implemented. 2.1 Explain the purpose of the NHI programme. (4) 2.2
Describe any two perils covered by NHI (4) 2.3 Describe two advantages of
the programme. (6) 2.4 Describe two disadvantages of the programme. (6) 2.5
Explain what form of insurance the NHI programme will be. (4)
Question 1
1.1 Appropriate Life Policies for Each Application
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 tabbymwesh59. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R47,91. You're not tied to anything after your purchase.