Topic: RISK MANAGEMENT AND TAKAFUL PLANNING

Question1: Choose the right answer?

Risk tolerance degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Risk tolerance depends on the following factor, EXCEPT

a.Age

b.Income

c.Risk-taking behaviour

d.Investment objective

The following are the benefits of an investment-linked plan, EXCEPT

a.the freedom to invest more money when they have a surplus

b.the operators have controlling and selecting which fund to invest in

c.the client can withdraw money when they are facing an emergency

d.the flexibility to switch a funds at any time to increase their investment account value

Risk tolerance degree of uncertainty that an investor can handle in regards to a negative change in the value of their portfolio. Risk tolerance depends on the following factor, EXCEPT

a.Age

b.Income

c.Risk-taking behaviour

d.Investment objective

The following are the benefits of an investment-linked plan, EXCEPT

a.the freedom to invest more money when they have a surplus

b.the operators have controlling and selecting which fund to invest in

c.the client can withdraw money when they are facing an emergency

d.the flexibility to switch a funds at any time to increase their investment account value

The following are explained about the regular contribution investment-linked takaful plan, EXCEPT

a.This provides long-term coverage and the opportunity to grow clients investments.

b.This is designed primarily for investment purposes.

c.A lump sum benefit is payable upon death, Total and Permanent Disability (TPD) of the person covered during the certificate term, or upon maturity of the certificate.

d.The lump sum benefit payable includes the sum covered and the total investment value of the clients certificate.