En. Azhar, 36 married to Pn. Aufa, 34. They have 3 children, Aini, 9, Ali, 7 and Aqif, 3. All of them have one medical health Takaful plan. The details of the plan are shown in Table I below; Table 1: Medical Health Takaful Plan Aqil 3 3 years 25 years RM 50.000 Person Azhar Aufa Aini Ali Covered Age Next 36 years 34 years 9 years 7 years Birthday Maturity Age 80 years 80 years 25 years 25 years Next Birthday Basic Sum RM 300,000 RM 200,000 RM 100,000 RM 50,000 Covered (Death/TPD) Critical RM 200,000 RM 100,000 RM 50,000 RM 50,000 Illness Benefit Accident RM 15,000 RM 15,000 RM 10,000 RM 10,000 Benefit Monthly RM 532 RM 261 RM 255 RM 291 Contribution Note: RM 50,000 RM 10,000 RM 302 1. Discount 20% if no claim from previous year 2. Agency Fee is 50% 3. Mudharabah allocation is 20% Answer all of the questions below: a. Calculate the Wakalah fee for all family members (2.5 marks) 6 b. Calculate the contribution for Participant's Special Account for all family members (5 marks) ( c. En Azhar's daughter, Aini, was diagnosed with leukemia that year, how much would she be compensated? (2.5 marks) d. En Azhar was involved in an accident and lost two legs and two hands. how much would he be compensated? (2 marks) e. There is no claim made this year for Pn Aufa, Ali, and Aqif How much are their contributions for next year? (3 marks) En. Azhar, 36 married to Pn. Aufa, 34. They have 3 children, Aini, 9, Ali, 7 and Aqif, 3. All of them have one medical health Takaful plan. The details of the plan are shown in Table I below; Table 1: Medical Health Takaful Plan Aqil 3 3 years 25 years RM 50.000 Person Azhar Aufa Aini Ali Covered Age Next 36 years 34 years 9 years 7 years Birthday Maturity Age 80 years 80 years 25 years 25 years Next Birthday Basic Sum RM 300,000 RM 200,000 RM 100,000 RM 50,000 Covered (Death/TPD) Critical RM 200,000 RM 100,000 RM 50,000 RM 50,000 Illness Benefit Accident RM 15,000 RM 15,000 RM 10,000 RM 10,000 Benefit Monthly RM 532 RM 261 RM 255 RM 291 Contribution Note: RM 50,000 RM 10,000 RM 302 1. Discount 20% if no claim from previous year 2. Agency Fee is 50% 3. Mudharabah allocation is 20% Answer all of the questions below: a. Calculate the Wakalah fee for all family members (2.5 marks) 6 b. Calculate the contribution for Participant's Special Account for all family members (5 marks) ( c. En Azhar's daughter, Aini, was diagnosed with leukemia that year, how much would she be compensated? (2.5 marks) d. En Azhar was involved in an accident and lost two legs and two hands. how much would he be compensated? (2 marks) e. There is no claim made this year for Pn Aufa, Ali, and Aqif How much are their contributions for next year
