For term insurance death benefit is payable when death occurs during policy term. For endowment insurance, if insured dies during policy term, death benefit will be paid. For whole life insurance, it provides coverage for the entire life of the insured.
-I learnt that in ILP it can cause potential risk of losing capital invested. -I learnt that for insurance policies they have 3 types. Such as whole life, term and endowment. -Benefits of trading structured warrants.
Firstly, i have learnt that there are two basic types of life insurance, They are traditional life insurance and investment linked insurance policy. For instance, the traditional life insurance can be further divided into whole life, term and endowment life insurance respectively, Secondly, the definition and characteristics of the three main types of the traditional life insurance. By comparing whole life and term insurance, whole life insurance provide coverage for the entire life of insured and premiums will be paid throughout the insured life. On the other hand, the term insurance , provide coverage only for a specified time and nothing is paid, unless insured died. Lastly,the two basic types of traditional life insurance as well as its characteristics . It divided into non-par and par policy. Par policy, take as an example, able to provide bonuses and can be declared based on annual or the maturity of the policy.
I learnt that there are life ,term and endowment insurance policies, structure warrants provide many benefits which are useful to us and Potential Benefits of investing in ILPs:Diversification, Flexibility, Professional management of investment-linked funds, Dollar Cost Averaging (applicable to Regular Premium ILP)
1) ILP requires some risk taking because there is a chance that you might lose what you have invested . 2) The types of life insurance are : Whole Life , Term , Endowment 3) Two types of ILP : Investment Link Whole Life(lifetime protection) , Investment Endowment ( follows a period of time) Radin Kamarudin QI1404B
I've learnt that there are many types of life insurance policies, depending on each personal use, it serves a different purpose to each individual, which may also vary. Example, one of the life insurance which is closely related to students or teenagers like my age would most likely be term insurance. This is one of the most commonly seen policy used among people. People who do not have extra personal, savings, term policy will provide coverage for a specified time period only. Death benefit is payable when death occurs during policy term. If insured survives the policy term, nothing is paid. As at this stage of life, because we spent most of our time studying , therefore we will not be working,hence income will not be generated. With this insurance, we are at least guarantee to get some amount of value to settle our medical bills and other necessary bills. Lau Mei Hui SQ1404A
1) I have learnt that there are different types of insurance and its classification in Basic Types of Life Insurance. They are Whole Life, Term and Endowment. Whole Life is a lifetime protection while Term is a protection for a period of time.
2) I have learnt about Investment-linked Insurance Policy (ILP) and its characteristics and the different types of ILP
3) I have learnt about the benefits and risks in investing ILP and that there is a chance you gain or lose what you invested.
1) I learnt that there are many types of insurance they are available for us to purchase to give our life some sense of security. 2) For some insurance, there are benefits and risk. 3) I learnt that the different types of investment-linked insurance policy and how does one take-up an ILP.
Firstly, I learnt that there are a lot of ways for us to insure our money. Secondly, Insurance has both benefits and disadvantages. Lastly,I have learnt about Investment-linked Insurance Policy (ILP) and its characteristics and the different types of ILP
Firstly i learned that there are many ways for us to make sure that our money can be invested wisely. There are many ways but picking the one that suits us most is important as it is going to go on for a long time. Secondly, Insuring our money has both its pros and cons, but it is how we do it that affects the money. We might do it in various ways and each way has its disadvantages and advantages. Lastly, i have learnt about Investment-lnked insurance policy and its characteristics.
For term insurance death benefit is payable when death occurs during policy term.
ReplyDeleteFor endowment insurance, if insured dies during policy term, death benefit will be paid.
For whole life insurance, it provides coverage for the entire life of the insured.
-Nurul Istighfaroh Binte Mahadi QK1404A
-I learnt that in ILP it can cause potential risk of losing capital invested.
ReplyDelete-I learnt that for insurance policies they have 3 types. Such as whole life, term and endowment.
-Benefits of trading structured warrants.
Mohana
SQ1404A
Firstly, i have learnt that there are two basic types of life insurance, They are traditional life insurance and investment linked insurance policy. For instance, the traditional life insurance can be further divided into whole life, term and endowment life insurance respectively,
ReplyDeleteSecondly, the definition and characteristics of the three main types of the traditional life insurance. By comparing whole life and term insurance, whole life insurance provide coverage for the entire life of insured and premiums will be paid throughout the insured life. On the other hand, the term insurance , provide coverage only for a specified time and nothing is paid, unless insured died.
Lastly,the two basic types of traditional life insurance as well as its characteristics . It divided into non-par and par policy. Par policy, take as an example, able to provide bonuses and can be declared based on annual or the maturity of the policy.
Tan Wei Xin QK1404A
noted and transferred
ReplyDeleteI learnt that there are life ,term and endowment insurance policies, structure warrants provide many benefits which are useful to us and Potential Benefits of investing in ILPs:Diversification, Flexibility, Professional management of investment-linked funds, Dollar Cost Averaging (applicable to Regular Premium ILP)
ReplyDeleteToh Jun Pen QK1404A
I have learnt and understood the different insurance policies such as life insurance and etc
ReplyDeleteDarren ng wei ren QI1404B
1) ILP requires some risk taking because there is a chance that you might lose what you have invested .
ReplyDelete2) The types of life insurance are : Whole Life , Term , Endowment
3) Two types of ILP : Investment Link Whole Life(lifetime protection) , Investment Endowment ( follows a period of time)
Radin Kamarudin QI1404B
I've learnt that there are many types of life insurance policies, depending on each personal use, it serves a different purpose to each individual, which may also vary. Example, one of the life insurance which is closely related to students or teenagers like my age would most likely be term insurance. This is one of the most commonly seen policy used among people. People who do not have extra personal, savings, term policy will provide coverage for a specified time period only. Death benefit is payable when death occurs during policy term. If insured survives the policy term, nothing is paid. As at this stage of life, because we spent most of our time studying , therefore we will not be working,hence income will not be generated. With this insurance, we are at least guarantee to get some amount of value to settle our medical bills and other necessary bills.
ReplyDeleteLau Mei Hui SQ1404A
noted and transfered
ReplyDeleteI have learn there are life insurance and term insurance where life insurance is more expensive than term insurance
ReplyDeleteMuhd Faiz QI1404B
noted and transferred
ReplyDelete1) I have learnt that there are different types of insurance and its classification in Basic Types of Life Insurance. They are Whole Life, Term and Endowment. Whole Life is a lifetime protection while Term is a protection for a period of time.
ReplyDelete2) I have learnt about Investment-linked Insurance Policy (ILP) and its characteristics and the different types of ILP
3) I have learnt about the benefits and risks in investing ILP and that there is a chance you gain or lose what you invested.
Timothy Dalton
SQ1404A
1) I learnt that there are many types of insurance they are available for us to purchase to give our life some sense of security.
ReplyDelete2) For some insurance, there are benefits and risk.
3) I learnt that the different types of investment-linked insurance policy and how does one take-up an ILP.
KaiXun SQ1404A
I have learnt about the difference between Whole life, term insurance and endowment. Furthermore, the meaning of Non-par policy and par policy too.
ReplyDeleteZiQi QI1404B
Noted and transferred
ReplyDeleteFirstly, I learnt that there are a lot of ways for us to insure our money.
ReplyDeleteSecondly, Insurance has both benefits and disadvantages.
Lastly,I have learnt about Investment-linked Insurance Policy (ILP) and its characteristics and the different types of ILP
Soamu
SQA
Firstly i learned that there are many ways for us to make sure that our money can be invested wisely. There are many ways but picking the one that suits us most is important as it is going to go on for a long time. Secondly, Insuring our money has both its pros and cons, but it is how we do it that affects the money. We might do it in various ways and each way has its disadvantages and advantages. Lastly, i have learnt about Investment-lnked insurance policy and its characteristics.
ReplyDeleteAKMAL
SQA