Mathematical modelling in Family Takaful
| Format: | Restricted Document |
|---|
| _version_ | 1860799823954837504 |
|---|---|
| building | INTELEK Repository |
| collection | Online Access |
| collectionurl | https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 |
| date | 2014-09-15 09:10:20 |
| format | Restricted Document |
| id | 7538 |
| institution | UniSZA |
| originalfilename | 3079-01-FH02-FPPP-14-01471.jpg |
| person | UniSZA Unisza unisza |
| recordtype | oai_dc |
| resourceurl | https://intelek.unisza.edu.my/intelek/pages/view.php?ref=7538 |
| spelling | 7538 https://intelek.unisza.edu.my/intelek/pages/view.php?ref=7538 https://intelek.unisza.edu.my/intelek/pages/search.php?search=!collection407072 Restricted Document Article Journal UniSZA Unisza unisza image/jpeg inches 96 96 795 1422 50 50 2014-09-15 09:10:20 1422x795 3079-01-FH02-FPPP-14-01471.jpg UniSZA Private Access Mathematical modelling in Family Takaful Journal of Applied Sciences Clients at least knew if they paid a certain amount of money every month to an insurance company. they got back their money plus more if accidents or deaths happened. However, they have no idea about the inner workings or the fine prints of the insurance transactions. Compared to the other forms of insurance, Family Takaful Insurance without doubt should be the first choice of future clients. This research paper emphasized on mathematical modeling of Family Takaful and compared the mathematical part of the analysis using LM1 and LM2. According to the goal of this research, researchers have to calculate the life table premium from Takaful Companies which used mudharabah model and wakala model. To achieve this purpose, researchers have to derive a suitable formula for such tables and compared between these two models would be on Surrender value, Maturity value and Death coverage. The results had shown that clients would be better off if they had chosen a takaful company that sold the mudharabah model and not the wakala model. 11 19 3381-3388 |
| spellingShingle | Mathematical modelling in Family Takaful |
| summary | Clients at least knew if they paid a certain amount of money every month to an insurance company. they got back their money plus more if accidents or deaths happened. However, they have no idea about the inner workings or the fine prints of the insurance transactions. Compared to the other forms of insurance, Family Takaful Insurance without doubt should be the first choice of future clients. This research paper emphasized on mathematical modeling of Family Takaful and compared the mathematical part of the analysis using LM1 and LM2. According to the goal of this research, researchers have to calculate the life table premium from Takaful Companies which used mudharabah model and wakala model. To achieve this purpose, researchers have to derive a suitable formula for such tables and compared between these two models would be on Surrender value, Maturity value and Death coverage. The results had shown that clients would be better off if they had chosen a takaful company that sold the mudharabah model and not the wakala model. |
| title | Mathematical modelling in Family Takaful |
| title_full | Mathematical modelling in Family Takaful |
| title_fullStr | Mathematical modelling in Family Takaful |
| title_full_unstemmed | Mathematical modelling in Family Takaful |
| title_short | Mathematical modelling in Family Takaful |
| title_sort | mathematical modelling in family takaful |