Question 5

(a) As a business owner, your company faces different risks every day. The purpose of insurance is to help protect your business from risks. Business insurance helps protect your business financial assets, intellectual, physical property and etc.

Discuss the FOUR (4) main uses of life insurance in businesses. (10 marks)

(b) Taking care of ones health has become more important than ever in present times, where the risk of contracting any medical illness and accidents has multiplied. Therefore, health care insurance comes in to fit into your medical expenses in case of any emergencies.

Discuss the FIVE (5) policies related to health/medical private insurance that are available in Malaysia market. Which of the policies discussed is more important to you and your family? (15 marks) (Total: 25 marks)