En Ahmad subscribed to an accident takaful plan from Aafiyah Takaful Sdn Bhd for his family involving his wife, Aliyah and 6 children aged 14. 12. 10.8, 5 and 2 years old. Year Monthly Premium (RM) Hospital Benefit (Daily) Semi- Permanent Disable 10 20 30 40 30 60 70 80 90 100 1 2 3 4 5 6 7 8 9 10 Death Total Permanent Funeral Benefit Disable Normal Acciden Normal Accident Policyholder Spouse Child (Max 4) 17000 34.000 17.000 34.000 2.000 2.000 500 34.000 48,000 34.000 68,000 2.000 2.000 500 S1.000 102,000 $1,000 102.000 2.000 2.000 SOO 68,000 136,000 68,000 136,000 2,000 2,000 500 85.000 170.000 85.000 170,000 2.000 2.000 500 102.000 204.000 102.000 204,000 2,000 2.000 SOO 119.000 238,000 119,000 238,000 2.000 2.000 500 136,000 272.000 136,000 272.000 2.000 2.000 500 153.000 306.000 153.000 306.000 2.000 2.000 500 170.000 340,000 170,000 340,000 2.000 2.000 500 15 30 45 60 75 90 105 120 135 150 17.000 34.000 $1.000 68,000 85.000 102.000 119.000 136.000 153.000 170,000 Note: 1. 44% of the policyholder's contribution is channeled to Participant's Account (PA) 2. The remaining 56% of the policyholder's contribution is channeled to Participant's Special Account (PSA) 3. Hospital Benefit (Daily) is maximum of 15 days per year Based on the above schedule, please answer the questions below: (Each question is independent from one another) b) What is/are the additional rider(s) of this takaful plan? (2 marks) c) What is the annual contribution that En. Ahmad needs to pay in ycar 2? (1 marks) d) Please calculate En Ahmad's Accumulated Participant's Account at year 4 (4 marks) c) In ycar 7. En Ahmad and his wife were involved in an accident. Both of them were warded for 18 days. Please calculate the benefits) that En. Ahmad and his wife are entitled for (4 marks) f) In year 8. En Ahmad and his family were involved in a major accident. En. Ahmad lost both his hands and legs. All of his children died in the accident. Please calculate the benefit(s) that En. Ahmad is entitled for (4 marks) Total: 15 marks En Ahmad subscribed to an accident takaful plan from Aafiyah Takaful Sdn Bhd for his family involving his wife, Aliyah and 6 children aged 14. 12. 10.8, 5 and 2 years old. Year Monthly Premium (RM) Hospital Benefit (Daily) Semi- Permanent Disable 10 20 30 40 30 60 70 80 90 100 1 2 3 4 5 6 7 8 9 10 Death Total Permanent Funeral Benefit Disable Normal Acciden Normal Accident Policyholder Spouse Child (Max 4) 17000 34.000 17.000 34.000 2.000 2.000 500 34.000 48,000 34.000 68,000 2.000 2.000 500 S1.000 102,000 $1,000 102.000 2.000 2.000 SOO 68,000 136,000 68,000 136,000 2,000 2,000 500 85.000 170.000 85.000 170,000 2.000 2.000 500 102.000 204.000 102.000 204,000 2,000 2.000 SOO 119.000 238,000 119,000 238,000 2.000 2.000 500 136,000 272.000 136,000 272.000 2.000 2.000 500 153.000 306.000 153.000 306.000 2.000 2.000 500 170.000 340,000 170,000 340,000 2.000 2.000 500 15 30 45 60 75 90 105 120 135 150 17.000 34.000 $1.000 68,000 85.000 102.000 119.000 136.000 153.000 170,000 Note: 1. 44% of the policyholder's contribution is channeled to Participant's Account (PA) 2. The remaining 56% of the policyholder's contribution is channeled to Participant's Special Account (PSA) 3. Hospital Benefit (Daily) is maximum of 15 days per year Based on the above schedule, please answer the questions below: (Each question is independent from one another) b) What is/are the additional rider(s) of this takaful plan? (2 marks) c) What is the annual contribution that En. Ahmad needs to pay in ycar 2? (1 marks) d) Please calculate En Ahmad's Accumulated Participant's Account at year 4 (4 marks) c) In ycar 7. En Ahmad and his wife were involved in an accident. Both of them were warded for 18 days. Please calculate the benefits) that En. Ahmad and his wife are entitled for (4 marks) f) In year 8. En Ahmad and his family were involved in a major accident. En. Ahmad lost both his hands and legs. All of his children died in the accident. Please calculate the benefit(s) that En. Ahmad is entitled for (4 marks) Total: 15 marks
